The evening world., 1893-12-06
L0u|S's SHORTAGE $4,000.
So N. ]. Schloss & Go. Roughly
Estimate This Morning.
Twill BE Several Days Before Exact
Figures Are Given.

The exact condition OF the affairs OF
the firm of n. j. Schloss & Co., of 653
broadway. manufacturers and whole
salers of children's clothing, the an
nouncement of whose assignment was
made in yesterdays Evening World"
together with the attempted suicide of
Joseph III. Louis, cashier and managing
clerk for the firm. whose d~efalcations
are said to have caused the failure, will
probably not be known for several days.
Louis IL under arrest. experts are at
work on the FIRMS books. and n large
force of clerks are engaged in making
a revised inventory OF the stock. Until
this work is completed the exact amount
of the liabilities, assets and Louis's de-
falcation Will not be known.
A rough estimate, however. places
1louis's shortage at $500 900. The lila bill
ties. the firm comedies, foot up to hun
dreds OF thousands Of dollars. but neither
firm of Wolf, Kohn X Ullman, 2U3 Broad
way. attorneys for the firm, nor any
other person supposed to be In n posi-
tinn to DO 80. VIII attempt TO CIV an
The firm was supposed. to carry a
stock OF about seoo,Oei!!~ ami recently re-
ported Its assets to be S1,OOO. 900, and It's
liabilities $3.50. 900. They were rated In the
second grade In Bradstreet's Commercial
Review.
Following are the preferences made in
Schedule - Troutman & Co. Louis
Levy. Isaac Levy. Emanuel frankte.d,
pold Scheuer, Herman, Heidelberg &
Mrs. Emelie schioss. Mrs, Theresa
Schloss, Julius r. Schloss, Milton Schloss.
Hugo Schloss, Herman Rosenthal, Max
Rosenthal, Rosenthal Bros. q Co., Alfred
IDrutnl ,ttiu Hmm SinpfrIal InrZnu
Mrs. Gussie II. Strauss, Robert Levy.
Mrs. Mary Rager, Ida R~ossbach. of
Frankfort. Germany; Elka Naumberg
Bank. the latter being for $50, 900. the
amounts to the others were not men,
toned. 90
Schedule R-Naumberg, Kraus. I.au,r
& Co.. Fred Butterteld a Co. simon
Bing. jr., A. Friedlander & Co, s. NJ.
Cohen Il Co.. Philip Roman, Henry G.
Van der Bensle, Goldman. Sachs g. Co.
to an amount not exceeding $4,000;
Both Assignee Wolf and Head Book
keeper Strauss told an Evening. World
reporter this morning that the firm had
during all OF It's twenty-five years exist
ence until abo 1t II o'clock Monday
morning.
In taking an inventory of the stock
the discovery was made by the senior
member of the firm that Cashier Louis
had embezzled thousands of dollars In
lump sums. The extent OF the defalca-
ton revealed by II hasty examination of
accounts for only a short time back
showed such enormous losses hat IL
was surmised that the total sum might
reach 100000, 1t was therefore deter
mined to make an assignment forthwith
In order to protect their creditors and
themselves.
Louis left the store at about 10 o'clock
Monday morning. lie was next heard.
from at ! +. NJ. at the Cnion Square
Hotel, where he had attempted suicide In
room 20 by inhaling gas.
.In the mean time Inspector McLaugh.
lin had been notified. and yesterday
morning Louis was emoved to Police
Headquarters as a prisoner. He was ar,
raigned in the Tomhs Police Court in thC
afternoon and remanded until this after
noon for examination.
He will, in all probability. he remandet
again to-day until II further investiga'
ton Is mad