New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-09-06
A HEBREW BANKER IN TROUBLE.


EXCITEMENT on THE FAST SIDE OVER THE
CLOSING or BERNARD wFINBERGER'S OFFICES
The East Side is again in a ferment. this time
the reported defalcaton Of Bernard Vein
berger a prominent and supposedly wealthy bank
er. steamship broker and distiler Weinbereer
conducted banking. brokerage and steamship
business at No. 50 Essex-st., No $50 Grand-st.
and No. 3i2 East Houston-st. He also presi-
dent OF the Eagle Distilling Company. OF
Nos. So and 60 Monroe-st., and owned
retail liquor-store at No. 12j Orchard-st.
business places have been been attached. and last
night deputy sheriffs were in possession An
excited crowd OF Polish Hebrews gathers fire.
quenty in front OF the different banking offices
and If Weinberger were TO appear now he would
he roughly handled The depositors are. rule,
poor, people, although Tribune reporter noticed
among the different gatherings men who have
taken part in the Anarchistic demonstrations
the East Side. The Polish and Bohemian He
brews were Weinberger's principal customers
Weinberger formerly looked upon as a
prominent Hebrew the East Side He was well
liked by the people OF his race. and he acted as
a counsellor and friend to many OF them. lie was
connected with prominent Hebrew organizations.
and his power among his people cannot I've app
preciated unless one understands the conditions
that prevail the East Side.
For long time the report was current that
establishment and advancement Of his dstillery in
Monroe-st. This caused no comment. because he
was reputed TO be exceedingly wealthy. and he
seemed as safe TO the ignorant people who dealt
with him - the Bank OF England. Recently. how
ever some OF his clients who have been paying him
money to be sent to their relatives in the old coun-
try have learned that the money did not reach
their friends Two weeks ago Mr. Welnberger be-
came hard pressed for money. and il is said that h.
sailed for Hamburg on the steamer Normanna on
August 10. He went TO Hamburg ostensiby TO col
lec o. 600 marks due his firm from his brother. The
two brothers composed the firm Of Karl Weinberger
& CO. in Hamburg. 4 few days litter Louis
Nickelburg the brother-in-law Of Wenberger came
here from San Francisco and the day following his
arrival the Eagle Distilery Company. in Monroe
81 suspended It WAS then announced that the com
pany' Wenberger and it was also learned
that in the year that the company had been
in existence $4,000 had been lost.
The three banks. however. continued TO transact
business until Monday morning. when. for the first
time in ten years the doors OF all were closed The
closing by attributed to the fact that the
day was a holiday But when IT was announced
that Moses Herschdorfer. manager OF the main
bank at No 80 Essex had disappeared crowds
Of Polish Hebrews besieged the bank. and had 1t
not for the Interference OF the police the doors
would have been broken down.
Max Orenstein chief clerk Of the Essex-st. Office
told a Tribune reporter that he had received orders
from IIerschdorfer not TO open the bank on Mon
day He said he received yesterday from Mr..
Weinberger a cable dispatch. dated Hamburg 1t
read Fourteen DAYS. no cash. Fear Herschdorfer
frauds. Wire Karl Welnberger.
Orenst-ln then sent the following dispatch:
"Herschdorfer away without our knowledge
Offices closed"
These dispatches although vaguely worded. ind-
cate the trend Of affairs. Orenstein says he does
not believe that Herschdorfer has run away, but
thinks that he is merely keeping OF the way
Of those anarchists" who. he says Will XIII the
employees If they get chance. Orensten gave
many details of the affair and said that Mr. Vein
berger honest man. and that 1t was unjust
to criticise his actions He said that Vein.
berger had gone abroad for the sole purpose OF
getting money TO pay his depositors and that he
had not succeeded far.
At No l63 Delancey-st where Herschdorfer lives
with his wife and family. all that could b- learned
that ne had gone downtown. ana no one knew
when he would return
Mrs. Weinberger. who lives at No. 225 East Tenth
said that she had received word or her nus
bands arrival IN Hamburg. , .
Talks with the depositors revealed the TACT tiat
about $4,000 100000 had been intrusted 10 Vein
berger's care to be sent To the old country. Much
OF this, II asserted. had never left his hands
Late yesterday afternoon Justice Ehrlich. OF the
City Court granted attachments on the three bank
ing places. and Last night deputy -sherins were IN
possession.