The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-09-15
No Pen Can Describe
LOCAL BUSINESS TROUBLES.
The George X. Bidwen Cycle Company and
Julius Bernstein. JeweIie-. Fail.

The George X. Bid,veiI Cycle Company and
Julius Bernstein, Jeweiie-. Fail.
The George r. Bidwell Cycle Company ut
800 to $40 West Fifty-ninth street and so West
Sixty-seventh street has become financially
embarrassed. Theron G.. Strong has been ap-
pointed receiver on the application Of the
trustees. George r. Bidwel William i. Krug,
George s. Adams. and Anderson c. d. Loucks.
the bond being fixed at $4,000. The trustees
own 1fty-flve per cent. Of the capital stock.
The company was organized in Fob
ruary. 1891. with a capital stock OF $780,
900. OF which S57.S00 was paid in prop
erty and $4,000 In cash. 1t manufactured
and sold bicycles. pneumatic tires &c.
The companys sales have been largely on
credit. It was unable to collect outsta ndings
several suits had been begun against it. and
yesterday judgment was obtained against it
for 1872 in favor OF the National broadway
Bank on O note OF the Bidwel Manufacturing
Company to the order OF the cycle company.
The direct liabilities are about $4,000. and
there are contingent liabilities OF $4,000 on
bills receivable under discount. Tho assets
consist OF large stock OF bicycles and mate
rails. bills receivable SILL 03. accounts re-
ceivable. probably 300 in number. scattered
AL oyer the ee country: Lease 81 factory. the
sSaIas Fhe crs n4
itor Is the tovere Rubber Company Of Boston.
S22S5O. the next the Bidwell Manufacturing
Company OF Hartford. 1.2G9.
Julius Berentein. importer Of diamonds at
4s and so Maiden lane; has made an assign
ment to Frederick Goldsmith: giving prefer
ences to the Importers and Traders Bank
and to tho Butchers and Drovers' Bank for
whatever may become due on notes they dis
counted. The liabilities are about S65.O00.
1t is said that owing to the financial strn-
gency Mr.. bernstein could not get loan even
on his diamonds.
Simon .Blaut. wholesale dealer in bakers
and confectioners supplies at 20 Harrison
street, made an assignment yesterday to
Lazarus Blaut, without preference. His
Fromme. his attorney. said that the assign
ment was forced by attachments and by q
judgment obtained on false affidavit OF ser
vice Of summons. which Judgment had been
vacated. He expected that the attachments
also would be vacated. but the harm had al
ready been done.
The Sheriff has closed up the place Of bust
ness OF JACKSON Brothers. manufacturers OF
furs ut II Mercer street. three attachments
having been obtained against them on allega-
lions that they had disposed OF their property.
They had q stock OF $4,000 on Sept J.. it Is
appeared. The Sheriff says he found very little
stock to levy on. The partners are julius and
Moritz Jackson.
llChares and Julius Miller MILLER Broth
ersl. manufacturers Of Iurs at 81 Mercer
street made estsrd lay
MoSoten. 5000: Fritz IKE KeldeI. nk ssshooS:
Julius Mueller. $1,000: William Borchers.
S1.170: Germania Bank. $4,000: George
Joeckel. 81 900: Pincus Siefter. $500: s. Ret-
Joseph obtained n replevin for 10000 In favor
Of Gandig Blum for merchandise. Tho liza
bilities are reported to be about $4,000.