New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-03-05
WHERE is S. WERTHEIM?
MANY CREDITORS ARE ANXIOUS TO KNOW

HIS LIABILITIES SAID TO BE ABOUT 500, ooo-A
REPORT THAT HE is IN EUROPE.
Siegfried wertheim. importer of paper stock and
sulphite pulp In "The Tines Building, who made an
assignment March 1, has disappeared. Creditors
have been unable to find him and C. ii. Williams. the
assignee, will give information regarding him. The
clerks at the Office say that Mr. Werthcm has not been
there since Tuesday last. that he has gone out OF
town. but where they do not know. Creditors nave
come the conclusion that he has fed and reports
are current In the trade that he has either gone TO
Europe South America.
man who knew him intimately said yesterday
that Mr.. Wertheim had gone away but where no one
knew. "He has left pretty young wife" he added
"to whom he had been married only two years. In
ignorance Of his destination She has gone TO her
fathers for the present and is prostraed The
superstition Is that he has gone TO Germany where MS
relatives live; that Is, II his business affairs are
straight II they are not-and there is no reason yet
to believe that there is anything wrong-he has pob
ably gone TO some other country" The speaker
thought that Wall losses had brought about the
failure.
The firm OF Wales Co. Of No. "a Broadway was
one OF the houses through which he specialized One
OF the firm said yesterday Don't lay his failure to
Wall Street, for the loss Of few dollars down here
did not break him. He bought up the whole crop OF
India tute butts, carrying the stuff margin. The
paper makers would not buy from him and losses on
1t caused the failure"
Roll Brothers, Of Waterst and Old slip, made large
advances TO Wertheim jute butts. They declared
yesterday that the amount less than 100000
and that they had collateral security Heidelbach,
Ickelheimer Co.. OF No. 30 William-st. said that
they had advanced him less than $4,000 on paper
stock. pulp. rags. ETC.. and were amlly secured by
warehouse receipts. The goods had gone up 10 per
cent since they had made the advances. They did
not know where Mr.. Werthem had gone.
In the trade 1t is said Werheim heavy pur
chaser Of rags last year during the cholera trouble
expecting a large advance. The advance did not
follow however. and he lost considerable sum OF
money, 1t is said.
tie youngest daughter Of s. B. Ulman. Of semon
Bache Co.. glass importers. II is reported that the
marriage gift was 100000.
dealer in the trade said yesterday "Mr. Wcr
theim's failure shows the glory OF American nsttu
tons. He here six years scarcely able to
speak English. He is not even a citizen, although
he Is said to have declared his intentions eighteen
months ago become and able 10 set credit
for $500. 900 before he failed"
The trade begin to look upon the failure bad
one. The assignee expects 10 have rough state
ment OF the assets and liabilities ready next week
In the mean time, tie estimate Of $500 600 liabilities
"a accepted about correct. Some OF the creditors
however, think the liabilities may reach 100000
II Is currently reported that Wcrtheim large
amount for MONEY borrowed. 1t is said he obtained
notes from customers for stock to arrive and that
they are not only likely to lose the goods, but Will
also have TO take care OF the notes.