The morning call., 1893-10-22
Feigenbaum & Company
Attached.
CLAIMS OF OVER $4,000.
The OId-EstabIished House at Last
Succumbs and Is Closed Down
by the Sheriff.

0ay morning aLtacDWtutS dRsIeSdtius
S114, 763 % were levied upon the stock of
Feigenbaum & Co.. $40 to 526 Market
street, and few hours later additional
ones of $4,000 were levied. making total
for the day of over $4,000.
The first attachment was levied at noon
by the Anglo California Bank, through
its attorneys, Chickering, Thomas &
Gregory. The amount named in the COM
plant was $4,000. covering three notes.
the first bearing date of August q, 1891,
for $4,000; the second August %. 1898,
for $4,000, and the third September %.
1898. for $1,000. All were payable one day
after date, and the com plaint alleges that
no part, either OF the principal or interest.
had been paid.
Charles Adler was the second creditor to
attach, his claim being for $24,0 900. One
note was for 5000, issued in favor of NJ.
Ehrlich on June 2, 1890, and assigned to
Adler. Another note was for $4,000 also
in favor of Ehrlich, also bearing date OF
June 2, 1890. The third note was in favor
of the same party, for $4,000. and bearing
date of Dece mber /. 1891.
b. ScnweitZar's claim was for note for
$4,000, issued July !. 1892.
l.. LivingstOne's claim was for note
for $4,000. bearing dare of April /, 1890.
j. Greenwad's claim was on note bear
ing date Of May 1s, 1885, which with ac-
crued interest to date amounts to
| SIC, ,476 %.
B. Lehman's claim, the last to be filed
during the flrstlh0ur. was for note in his
favor dated March %. 1898, for $1,000,
which with accrued interest amounts to
| $72S7.
Rothschld & Ach were the attorneys for
| the above creditors.
| After a brief respite. r. F. Morrow and
| A. E.. Head, the owners of the building
| occupied by Fiegenbaum. put on an at
| tachment for $1,000 for rent due.
Thomas E. Ryan. a clerk for Eisner &
| Reinsten. added the eighth AMI last at
| tachment of the day, on claim based on
| four assigne notes as follows: One in
favor of Nj. Lewis for $4,000, issued Oc-
tober 20, 1890; another in favor Of S. For
man for $4,000, bearing date of September
%, 1891; one in favor of Joseph Haber for
| $4,000, bearing date of January 19, 1892,
and one for $4,000 issued August a. 1893,
| by Feigen baum & Co. In favor of them
| selves and Endorsed by them to Ryan.
or the $4,000 covered by the attach
ments. all but $1,000 is for money borrowed
on unsecured promissory notes, fact
showing tina the firm must have enjoyed
good standing in financial circles.
3 The firm of Feigenbaum & Co. is one of
the largest importers of toys, novelties
aud notions in the United States. 1t is
composed of Benedict and Joseph Feigen-
baum and Louis Schwarzchild. They oc-
ing, umbered $40 to 526 Market street,
between Sansome and Montgomery, and
! running back to Sutter street.
The amount of stock they carry is
variously estimated at from $3.50, 600 to
100000 and is particularly heavy at this
time of the year, on account of the near
approach of the holiday season. The firm
was established some thirty years ago and
was located for many years at the corner
of Battery and California streets. About
ten years ago they moved to their present
location and for time did very large
business.
With the retirement of Davis Bros.
Bergman g. Co., their rivals, who occu-
pied the store on Sutter street Immediately
opposite, Feigenbaum & Co. added
largely to their stock, expecting to increase
their trade. Other houses took up the toy
line and instead of the trade being divided
among the two large houses it was in the
hands OF one large house and half dozen
or more small ones. The expected harvest
did not come.
1t is said tina. in their dealings with their
customers FeigeDbaum & Co. were very
close. requiring prompt remittances, and
very seldom being anxious to extend any
accom- mediation. This caused them con-
siderable loss of trade, which went to the
other houses. Men in the same line of
business, when seen yesterday Immediately
after the filing of the attachments, shook
their heads and ascribed it to dull times"
Others thought that other reasons existed,
which would come out when the firm filed
its petition in insolvency.
b. Felgenbaum stated yesterday that he
and his partners were taken completely by
surprise, but hoped for the best
I'VE cannot tell where we stand" said
Mr.. Feigen baum. Until we take an inven-
tory of the STOCK Collections have been
fair. but the summer business is always
light and we were unable to meet a de-
mand for S47, 600 at once"
The failure of Feigenbaum & Co, is
probably one OF the most remarkable
known in the city for some time, by
reason OF the large amount of unsecured
otes upon which they obtained advances.
1t has been the custom of the firm to buy
largely In the East but mainly in Europe.
None OF the members Of the firm Y yesterday
could state even appr0xim ately the amount
of their indebtedness outside of the State.
There are a very large number of small
creditors in the city, and the aggregate
will amount to pretty large sum.
Naptaly. FriedPDrech 81 Alderman are
the attorneys for Feigenbaum & Co., and
under their instructions the members of
the firm were very guarded In their utter
ances.
Feigen baum g. Co. are said to be inter-
ested in a general merchandise sroIe at
Rhonerville, Humboldt County, and to do
large business there in supplying the
logging camps in that vicinity.
Charge Cruel Treatment.