The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-10-04
nInDnxr. rrox . co. ram.
I.,asu,ties, 100000, Assets, ezso.cco
Other Piano Concern. Isvoived.


Other Piano Concern. Isvoived.
Hartman. Peck & Co. manufacturers >of
pianos whose salesrooms are at 1913 Fifth
avenue and factory Mt 618 to 634 West
Forty-ninth street. extending through to
G33 and 835 West Forty-eighth street have
failed, with liabilities OF $500 600 and nominal
assets placed at $75O.o0O. The partners. Leo
pold Peck and Henry +. Sondheim. made a
general assignment yesterday to Joseph I'LL
man OF the law firm OF Wolf. Rohn 4 Ullman,
2O3 Broadway. Thoy gave three preferences
TO tho Mercantile and Second National banks
and William kraus for whatever may become
due them. the amounts not being mentioned
in the deed. The preferences, 1t is understood.
are to secure the banks for notes and bills re-
ceivable under discount reported to be $780,.
OOO and to secure Mr.. kraus for money lent.
Mr.. Kraus is the fRther-in-law OF Mr.. Sond-
helm and is of the firm OF Naumbcrg. kraus.
Lauer 4 Co.
The failure OF the firm Is attributed to the
effect OF the financial strinCency throughout
the country. They could obtain no further ac-
comm odations from the banks. friends who
had lent them money did not care to increase
the loans. il was impossible to make collec-
tions. and most OF their capital was tied up in
pianos and rlnnt. The business is an old one.
the firms cards bearing the date OF 1912. when
the nnrdman piano was first introduced.
many years and sold it to his son: John Hard
man. In 1915 For years the STYLE was Hard
ses ana S 5 Il Tsen PGMnS
p PEEK Sk4 4 Co. Mr. sondhelm became partner
Messrs. Peck and sondhem. as individuals
and as partners filed a mortgage yesterday on
the factory properly and plant on Forty,
S50.0U0. Leopold and Rosa Peck filed two
mortgages In the form OF deeds to Lehman
anh n n n
and a house and lot on West Eighty SIX tn
street. near Ninth avenue. subject to a mort
about s50.0OO Myers 4 Anabe. attorneys for
had advanced Hardman Co. $4,000 cash
within the last month.
The firm have, agencies In Philadelphia;
Chicago. st. Louis. and Council Bluffs. and
h faSil h1e are sbSas $4,000 The pomnsi
factory aI property partly easehoid and plant
stock OF pianos manufactured l and In process
valued at more than 100000 The arm also
at Z 6S 81 West Ne forty.e iG6th street. have been
cation Of Leopold Peck. the Presi Gent and Al
fred L PeGk They weF9 sd Ts
Of Hardman. Peck 4 Co. was appointed re-
ceiver by Judge Gtdersleeve OF the Superior
Court, the bond being fixed at $25.O 900. Appli-
cation had previously been made In New Jer-
sey for a receiver. as the concern is Jersey
The business was started in 1880 by F. @.
Harrington Il Co., and was Incorporated on
July 2S 1890. with a capital stock OF $4,000.
The company manufactured a cheaper grade
OF pianos and Hartman. Peck Co.. It is said.
floated tn cir paper. the company's name being
on considerable Of Hartman, Peck & Co. o
paper. The assets OF E G. Harrington 4 Co.
In this State are given in the application for a
receiver as $4,000.
Vim. D. button & Co. dealers In pianos and
oraans at Philadelphia. who are reported to
have assigned with liza bilites OF 100000. were
agents OF Hardman. Peck & Co. The business
was established many years ago. the partners
now. being VIM. d. Dutton and Chas. Z. Peck.
the latter tie ~ nephew OF Leopold Peck OF Hard
Henry p. Sondheim. the Junior partner in
Hartman. Peck 4 Co. has also been a general
partner in the firm OF Sondheim Bros cotton
brokers. in the Cotton Exchange building. He
became partner in that firm In 1875. several
years before he went into the Hard man con-
Germ. The firm has Just dissolved. the adver-
tisement OF the dissolution having been pub
lished yesterday Henry p. retired from the
firm. and his brother. samuel &, continues the
business under the old firm name. as they
have business in Europe. Sondheim Bros. are
not, their lawyers say. involved by the ia lure
OF the retiring partner or Hartman Peck & Co.
Louis II. Franklin. manufacturer OF boys and
chidren's clothing at 6 Bond street. made an
assignment yesterday to Edwin L. Kalish.