New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-05-23
IT'S NOTES PROTESTED.
THE DOMESTIC SEWING MACHINE COMPAN\
CHARGED WITH FRAUD.
ATTACHMENTS ISSUED IN FAVOR OF THE AsTOR
PLACE BtNK-A DEPUTY SHERIFF IN
CHARGE OF TUE UNION SQUARE
OFFICES-III>TORY OF THE


COMPANY.
The Astor Place Bank has obt,incd through Blu
mcnstlcl & IlIrsch two attachments against the DO
nestle Sewing Machine Company. at Broadway and
Fonriccnth-s,. .ggregatlng S27.3i3. The first at
tachmcnt was for - 07G on note OF Henry Bristow
OF Brooklyn. which was indorsci by the Domestic
sewing Machine Company, and discounted by the
As,or Place Bank for the company. This note went
to protest Friday. The attachment was obtained
on the ground OF the company being foreign cor
pOrat0n.
The second attachment for S24.367. for money
advanced by the bank Oh February "a and March =,
the bank having discounted bills receivable The
bank officials say they deceived when the loans
were made by the statement Of the sewing machine
company's affairs. which was given to Induce the
bank TO loan the money.
THE COMPANY'S LAST STATEMENT.
This statement. made on January -, gave Inc
condition of he company on October last. showing
assets of - 800 .t9D against liabilities OF $jlGoOo
Includcd I'm IA" inventory cf assets were th"s" TWO
items: machinery and tools, S57D.32j, materials ana
parts factory. SJ7s.jG5 These assets. the bank
alleges dh not belong to the Domestic sewing
Machine Company. bat to different corp ration. 1t
X also alleged that the company WIS Indebted In
current bills payable. personal and other accounts
s.os .950 and liable TO upward OF 100000 rs
lndors.r On varlous notes which II had discounted
which facts were wilfully concealed. The bank de-
mandci IN" repayment Of the loan. and offered back
the collateral hut the company declined. The bank
tl.rcupon declared that the whole amount Of the Loan
hecnmc due at once although the bills receivable hal
brcomc due. by reason of the alleged false state
mcnt. IIe Sheriff put keeper in charge Of the
Office Of The company. but business went usual
DIRE TORS SAY THEY HAVE PLENY OF ASSETS.
\ meeting oi the board VI directors OF the Domestic
Company was held yesterday. and Mt it, conclusion
he rel led
the company has abundant asses Ia meet al al ties.
that the company would contest N" 5 cond attach
mcnt but had nothing to say about the first attach
mrnt. Men connected with the company explained the
items IN the referred to by The Ator lac Bank
hy saving that while they technically may not belong
TO the Domestic sewing Machine Company. they
virtually do belong to that company. as II owns about
all IN. stock ~ the other corporation th" Domestic
Manufacturing Company. which holds these assets.
The stock of the latter company l. r.oOOOo. Of which
the Domestic -cwinc MachIn" Company owns all but
twenty share. to quaIy directors. TIL" stock l. held
In trIisf Tie manufacturing company WIS formed III
Is-I.
Late Yesterday H. penden' for r2i,:'' wa i'ed
ar iin the property of The Domestic sewing Machine
q .upany ~ broadway ana foufl'rhthsir III I''"'
of ihr A-tor Place Bank.
\ sKr-rcm or THE CoMpANY's CARRIER
The Domestic Manufacturing Company. New
J.r.cv corp,ration. WI, established In l-sl. In tn"
Nassau Work, ai Nassau and sheffield SIS. Newark
In about a year the company fitted up seth Eoydeh
IN pistol frory. at iIish and prang" SIS ard twelve
y.lr, ago they purchased the large factory oi 'he
Sew Jersey Rubber Company, At Warren ana hhsh
SIS and put I'm .Npen.l .lvc machinery. The com
faiy NIX ,ppusli the Peters Hosiery bniiiing. ~
Merry and Canal SIS and ac1lr con 'ifcrai" wate'-
front property the ass1ic at Harrison The Cherry
- property {. used for wood working and the lumber
The frs president ~ The company WIS James Blake
vim now lives in Madison. y. j. TIL" treasurer "a'
I.m.- Ilah- jr and the -'cf"iary RoD rt Flake.
~oluc ycai, ago lame, Bllh" rciircd and David ana
t.cors, Hlah.. the former now vie" president ana
treasurer and the latter the secretary. came To III"
front Twelve ycais ago the company bought ON
t.. Grover ~ Lal.rr Srwiiv Machine Company ana
nut ma, bin" Oh ihr market known n th' ""r"'er
uukcr Improved No. 1.r To h" used "Nrlu'lV'ly
f,r f,.i.i and Mc.tcfn trade. y western branch OF
tl,, D,mc,c Company established at Cleveland
,.bio where The Maok brother, patcntcce ot III"
machine. live