The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-12-31
TWO FIRMS FAIL.
A Dull Christmas Trade
the Main Cause.
A. w. stOtt Makes a Bill of Sale
and Sozin 6 Co. Are Closed
by the Sheriff.

There were two failures In business yester+
day, both of which are attributed TO the close
money market ana general quiet in Christmas
trade. The failing houses we're Sozin & Go. of
The Golden Age Bazaar, 421 Kearny street,
aud A. w. SteIt, retail jeweler, 3 Montgomery
street. The PR sent OUTLOOK is that neither
house VIII resume. . :. = ':..-..
Through The. duIlness In trade for the past
year, more especially during the Christmas
holiday season, and in consequence OF having
Bought on credit a large stock which he was
unable 10 dispose of. A. w. SIon on Thursday
called together bis creditors In this city for the
purpose Of discussing with them The situation.
At that meetihg lMr. Stottoffeyed to compromise
at forty cents on the. DOLLAR or If that was un-
satisfactory 10 make Qvers by bill Of sale, 10
any person whnm his creditors might elect, his
eptire stock, to be dispo. ed OF as they in their
Judgment mlgnt deem. best....A d bout $1,000 OF
The fetal liza bfities OF $4,000 was due IN the
East IS was thought best to take no action
until word bau been sent 10 the Eastern ctedt-
tors and their reply received. In. consequence
the meeiilg adjourned 10 meet again yesterday.
In the meantime Mi Stoit had received word
fr0m The firms he was Indebted tp:in the East
that they would elect him 10 represent them.
rsTu ne rorgft inc best ray ;c1' .. tb-' .i'fli'
Guilty would be 10 turn the entire stock over for
the benefit of one aud all creditors alike. This
suggestion met with The approval of The cred
Hors, and Charles Hadenfeldt If the wholesale
1eNelfngt firm Of kuthschlld & HadenteldJ W as
chosen trustee. LageF in the day Mr, Stott
signed a bali Of sale. in favor Of Mr.. Hanen-
fedt. = %. =: ..
AS Mr.. II adepfeldt only took charge of the
store AT noon yesterday he has not as yet had
time. TO take au inventory The stock In his
:upnion, will inventory abUnt %, 900, OF $1,000
less than the liabilities. OF the latter, about
$4,000 is due: 10 The East, and the balance 10
san francisco. The largest creditors are
Rothschl1d g. II sdeufeldt. The second in size
p. fs, ihe GTeeDberg bankrupt estate. for about
$4,000 for diamonds purchased in October last.
agEeater portion of which were disposed OF at
AUCTION ddriHg tbe same month. - =:
- Ion january Mr.. Hadentetdt VIII; COM
mence selling The stock at prlgate.saie and con
tipuing the same until the stock is disposed of.
SuZin & Co.. of the 1Suiden Age Bazaar. were
closed by the Sheriff at 3 O'CLOCK yesterday aft
effioon on three attachment suits begun i'll the
SUPERIOR CouTt-amoRnTlng TQ+S5960. The suits
were: j. Bergman s. Co. S1IS0. C. j. Giengef
Co.'S bill Is for Christmas f0ys and noiens. u.
j. G1enger. is SoZin's fatlier+jnaw. and. tile
$4,000 Is for; borrowed money. The last suit Is
OH a prOmiss0fy note, - -:
Besides a dun Christmas trade Mr.. Sozin at
tributes bis faiure to ihelaying OF wsside-
walk in front of his place. II occupied a month,
dnrlhG which. he did no business a all. He
"lla abilities about the same. Another reason, he
says, was. trying TO carry .oD TOO large BUSH
ness on loo small capital. - :: = - =.
-: When seen Hast night, affer recitng the coa-
dition of his business be sale: ~ hardly know
what ann Voiug TO yet. :: /. doB't think there
Is aey chanee Of my getting:s' heightened on /
again, Although, of course. Will make an ef-
fort. The probabilities are that in my old age
VIII eo'Out and seek employment GU wages."
Mr.. SQZin has been engaged in his business
since 1889. PrfoEto thattlIne he conducted
wholesale notion aud toy store in this city,