The sun., 1893-12-06
FIRM WRECKED BY A THIEF.
N j. sCHLOSs q co. FATL AND THEIR
MANAGER ATTEMPTS SUICIDE

Joseph Herz Louis. confidential manager
for N. J. Sohloss & Co.. manufacturers OF boys
clothing at 053 and o55 broadway. attempted
to kill himself on Monday afternoon in room
at the Union Square Hotel Yesterday alter
noon the firm made an assignment for the
benefit OF creditors, giving as reason that
Louis who had been a trusted employee Tor
eighteen years, had involved the business By
a series Of defalcatlons, the extent OF which
they could not tell. They estimated that the
defalcations might be anywhere from $4,000
to 100000
The annual taking OF stock began on satur-
day last. Nathan Schloss and his brother
Henry superintended the inventory. There
was considerable stock on hand and the two
brothers inventoried 1t in lots. and. as had been
the custom for years, they turned over the
memorandum cards containing the number oil
garments In each lot to Louis. who for years
had had absolute charge OF the stock account
and the books In which II was entered. 1t was
his duty to foot up the total value Of the stock
In each and every lot He had clerks to assist
him. but he made the final entries OF values In
the stock books He did this work expe-
dltiously on Saturday and then went to his
room at 102 West Seventy-ffth street.
He came down as usual on Monday morning
to continue his work Of keeping track OF the
stock. He hung up his hat and coat. and made
for his desk. where he found one OF his assist
ants at work figuring up the totals OF the en-
tries Of Saturdays stock-taking. Mr.. Nathan
Schloss had discovered that In single lot OF
garments there was q discrepancy OF about
$4,000 In the entry OF value In Loulss stock
book. The lot was worth $4,000. and Louie
had entered II as $12. 900 or thereabouta Mr..
Schloss was trying to discover some explana-
ton OF this startling error in the entry.
Louis turned pale as he caught sight Of his
lis coat and hat and lett the building before
Mr.. Schloss could speak with him.
he naa h Mbss I The
the actual value OF the stock IN hand had been
doubled or tripled In q similar way; and the
solomon Kohn. their counsel Presently Law
yer kohn ran over to Police Inspector Nc
animation Of Louis's books showed that he
was q defaulter to a large amount The trm
Sn No to oss sss e% se get WITH the ssDhna p%
MsEf~ hs1S to
st sp9sS hSns with with her % two children. but -. said
tia. he wasn't At home; IL wasnt II, until RiEhs
lay was due to the efforts OF Louis's friends to
Niss fnspsStor SsSS MeIsushliu learned yesterday
that Louis registered at the R hotel ssSry be-
se Hs Has nIUn asSsned s % to room 70 tie third door
The hotel housekeeper passed the room at 5h
In tho Ss Snd fonnd gas botsS
a Shannon 0G's rsvSSd I him after sSod deal 81
L9us & clothing was r.. Yosts YSs.s card I'd.
despatched a mssssnge to the address. Mrs.
G5 Pr SS her s%
ina" the nat, followed. The deteetiyss we're
that Lds. BY ssas KsP sd to Pf P E H.
:Rd SPd h9 Insst ar
that hour mem bers Of the firm told Inspector
MeIapghIip they had reason S to bel.sys nn thst
Louis had so far recovered Yesterday morn
ing that he was taken. before Inspector Me-
took him 70 the Tombs, when, Justice Meade
remanded him until to-day. Louis described
S.ars Ola ho Is wsibui sa @sn aSSs
feet 10. has heavy black moustache and
The Sssignmsnt Of the firm was announced
Sstwosn set6 the ssSlosS SrotSers o and LAWYER
II is thought that ths liabilities OF the firm
may reach s00O.Oo0. The assets are believed
and 3s Ss se or sas
posed sales OF the firm reached .50n0OO q
Tss P on gave s.Ps shsm o ths ..SsSna
been in the habit Of d.s9unfpT shsir biil.. but
INt sHS f1os
paper was 50 restricted that tney were not
able, IL Is said, TO TALL back on this source to
meet maturing obligations. They were. how
ever able to borrow from relatives and friends.
5000. 600 to S7OO.OOO and usually had about
S35O.OUO in outstanding accounts. Louis
made all the credits, negotiated their paper.
looked after the banking matters and mado
the loans. Henry ]. Schloss look al after tha
No n uyactu rino AZ nar,man, ~ fb. Insinass
l 49, "a ~, h a H., s.asn - ~
anu tno IIh nau tu9 oIoam, VI lho uhue lor
nno chlluren clolhlnK ana were supposed 10
have made n great deal OF money. In Aeptem-
her they Wero uulte slow In their payments
and in resDonsa 10 inuulrieg "A 10 the rsason
~ S.hIHss IN tha nra..nca ~ / nrJs .osSa.
stafamant TO BaI'1csSs' in which he SaVsss Wsss
reason mat they nad not been ahle 10 heRutiats
iaayinp than only SICtl CtWJ ont whereas thev
nsn.iiSS had SIintiSn out az tist tItna 81 IN,
usuay y, hnu IL = V..s 80 ~ t'ai ,iine nv " me
loaE tnls AtIaIa''oh WIZ ~ IesaIueu W. hatls- ~
IhctoIy ,oy the trA.e, ~ ins saIno uIne ihsy
elaimea sshe's OF 9Nen 9,enn M 0n oi when
a.cnIinas nstw"an stoO NM and Su1u nm Thss
,ai hiii,t 80 80 sISo Mn n9
sw%aah sSuIn1 ,meturaJ IN pn,ohhar 49,. Ol
mI,im n ~ ~ v ~ "a ~ h
Dor ann Deeonoe'' '"' ios' tuhn'"k ''ei iu'o
heTb hTb VHI Gn, Dra,arrad tbo tououtD, or.ai,o..
m 80 i ~ ,Iv ~ ~ ,nh ~ a..
iiy boIroWad; a' u0o''' NHoS'' 'o' ii'hs' 'ee0n''
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y,anEfsld AaoIoH Ks,hs NY daihb S,ps, ESnas, sanS