The sun., 1893-06-11
HEAVY JEwELRY FAILURE.
KUHN, DoERE1INGER & Co CLOSE UP
THEIR STORE

One Fnytner Sick ana One His Way "a
Europe-The Assieumert Due 60 Other
Fsi1ures-Linbiiities said TO BE $50, goo.
Tho jewelry trade was startled yesterday
by news OF the failure OF Kuhn. Doerfinger 4
Co. importers OF diamonds and precious
stones. at 1S Maiden lane. q house estab-
lished thirty years. The members OF the 1rm
are George Doer0inG er and Charles Kuhn. Jr.
George Doerflinger nled an assiHnm ept yes-
terday on behalf OF the firm to Frederick Beltz.
lawyer. Of Ill Broadway. who has been at
torney for the firm for many years. One pre-
ference was given for $4,000 to the Quincy
National Bank Of Quincy. Fla, on notes which
the firm endorsed and which the bank dis
counted. In the deed OF assignment it is
stated that Mr.. DoernnGer has authority to
sign for the firm and also for Mr.. Kuhn.
The fact that Mr.. Kuhn was not present to
sign the deed OF assignment caused consider
able comment In the trade. and then 1t was
learned he has gone to Europe. 1t was report
ed that he had sailed on the Britannia on We'd
nesdny last. In the trade 1t was said that his
departure was sudden. and that he had not
snd be sad os sant n
and he probably had his ticket, In his, pocket
have gone to Europe to try to mako some ar
rangement with the European creditors.
George boernser sss said to he home
prostrated by the misfortune which had over
taken the nrm; He has been connected with
Kuhn, Sr.. were the original partners. In 1881
Charles Kuhn. yr, and Gustaye Kuhn. who
partners as Kuhn. Docrflingor & Co. by the
The old firm had been dealers IN iewslry.
sIusiseiS siyaut dustaHsS S Kuhn retired from she
january. 1884 leaving in the business his
capital. which was. gradually. paid of. He Is
now saidto reside ~ CALIFORNIA The present M
January. 1884. and have until lately claimed q
trade estimate them at S250.000. but the ns-
signee does not think they viii! exceed $3.50; =;
@ mes In the a ieWeiry trSde and to 6eavy losses
that the firm lost, S56.OoO by these. failures
Seals 1 G.. c.. and and Edward F. sanford & Co. of
course. this loss will be materially reduced by
tho dividends these firms may eventually nay.
Frederick Beltz the assic nee. said that there
that it was done against his advice. that it
need not have been done. as no claims ma
assa ost thelr Har heads s M Daerprer Sa
most crazy over his losses Gy the iewelry fail
ures. and he wanted the business put in some
ones hands on whom he could rely rat rather e..
every way,
%When one gets caught" eoattnTodd nt,d Mr.;
clip, 1t is time to put ones house In order"
The principal losses were through Scale
Co. and Sanford & Co.. and how their assets
will pan out no one knows yet: Nr. teltz said
realize on all Its assets end collect what is due
It. there will be $4,000 oyer all liabilities.
debtors who have failed would pay. The as.
sets are chiefly In stock and accounts. and
they have fair stock Of diamonds on hand.
When asked about Charles Kuhn. ,Jr.'s, de-
parture tor Europe. NJ Belly It's, said that there S
sailed on Wednesday aud had gone on busi-
Judgment for s153.2s4 hrs been entered
against Willis =. Sparks in favor OF the Lacka-
l2-months' note for S152.+ln OF the Macon
Construction Company which Sparks endorsed.
He was served at tho Fifth Avenue Hotel
The sheriff has taken charge Of the dry
goods store OF Hecht d Morris. Eighth avenue
and Forty-seventh street. on FIVE executions
for SS. 1855 in favor Of the H. b. Clailin Com
pany. and one for s2,0l7 in favor of NJ T.
Donovan.