New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-06-24
TROUBLES OF HENRY SHELDON & co.
no ASSIGNMENT YET MADE-cAUSE OF THE srs


fENSlON'
There was much interest manifested yesterday III
the coffee trade In the suspension Oh Henry oHe"
e. Co., OF No. 100 Froht-st 1t was reported aoout
two years ago that the firm had lost heaVhy III
speculation, but last year 1t was peheVei u nav
made q great deal OF money, and its business this
year thought to have been prohtaoe. SURPRISE
WAS therefore expressed that the house shoud have
been driven 10 the wall at this time The expiahh-
ton made however. OF the cause which precipita'ca
the crash makes the whole matter perfectly clear.
The firm consists OF Henry Sheldon and his Two
sons Charles !. and Alexander J. 1t Is sad mat
Charles, whose meme has been associated lately WIN
several unpleasant stories, was not on eood terms
with his father and that In order TO get revenge
for some supposed injury he went 10 the banks With
which the firm dealt and from which II llad receiver
accommodations, and told them that the house was in
trouble The banks, OF course anxious to protect
their own interests, Immediately made demands which
the firm unable TO meet. and the result was u
suspension No assignment has yet been made, ana
Il Is thought that will be announced until thcre
has been an opportunity TO examine carefully all
the firms accounts. 1t Is doubted, however That
liquidation will be possible without putting the prep
cry In an asslgnees hands
One report had 1t that Charles F. Sheldon had
asked his father for considerable OF money, and
meeting with refusal had gone to the banks VIVA
his story. This denied by Alexander j. Shelion,
who said that it was not question OF money when
had caused the quarrel. lie admitted that his brother
had what lie considered grievance against the family,
but what Its exact nature was he did not ike 10
tell He said that his father who is an old man,
was completely broken down by the affair, and would
not leave his home in Brooklyn yesterday. Asked
II the family difficulties arose from the suit Tor
divorce brought against Charles by his wife, Mr..
sheldon asked TO be excused from talking any more
Oh the subject. which he said was painful TO him.
Much sympathy for the senior member OF the firm
was expressed yesterday by all who know him. lie
Is sevcnty-two years old, and has been favorably
known in business circles for many years For thirty
years he has lived in Brooalyn, where he is highly
esteemed. He Is trustee OF the Long Island His
torical Society, and Of the prooklyn Library and n
prominent member OF the Church OF the Holy Trinity
The family lives at No ls4 Pcsrcpont-st.
A report obtained circulation In brooklyn yester-
day that Charles +. sheldon had attempted suicide
| A poc eman sent TO the house TO lind out the
| facts and to HIN Henry sheldon the father. said
| that the story untrue, but that his son was
| seriously Ill.
TAYLOR a. Parker. Of NO. IS Wallst.. attorneys for
the suspended firm. said that they had not Yet been
able 10 examine the books carefully and could give
no accurate idea OF either assets or liabilities. /,
might be several days they said. before anything
| definite known. The various banks with which
the firm had dealings declined to talk on the subject