New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-10-25
SUICIDE FOLLOWS FAILURE
LOUIS S. STERN BROWNS HIMSELF.

FOUND FLOATING IN THE CENTRAL PARK REsER-
voIR-HE WAS MEMBER OF THE FIRM
OF STERN Co. WHICH Confessed
HEAVY JUDGMENTS YESTERDAY.
Louis s. Stern. of the best-known business men
In the city committed suicide yesterday morning by
leapng into the Central Park Croton reservoir. at
Eighty -nnth-st. His body recovered at II
o'clock by Park Policemen Smith Ryer and Bray
Stern & Co.. wholesale dealers in mems furnishing
goods at Nos Cs7 and $50 Broadway. in which Louis
$ stern was a partner, failed yesterday
The attention of the policemen was called to a
floating object by a man who was passing along the
west side Of the reservoir The policemen climbed
down the wall. and with the aid OF poles drew the
Body ashore. In the mean time group Of people
gathered the brink Of the reservoir Among them
was DR. Peabody attached TO one Of the hospitals
lie was Of the opinion that tho man not quite
dead and at made efforts to restore nim TO
Consciousness. After laborng half an hour they gave
up the attempt, and the body carried 10 the
Arsenal
Blheads in his pocket revealed Mr.. sterns ien-
tity and Sergeant Mulholland Immediately sent a
message to the dead mans family, at No. 80 West
Ninety -seventh-st. The news almost prostrated Mrs
Stern When she had recovered she requested the
MESSENGER to hasten TO No II Washington Place
and break the news 10 Messrs. Hays & Goldberg
who are clothlers at that number and the dead
fected when he was seen last evening. He said:
Louis stern was once connected with our house,
and | don't believe there better known or
more popular travelling in this country. He
had friends In every city in the land. But lately
he had bothered business affairs, and fear his
troubles unbalanced his mind"
The dead man left home al 10 O'Clock In the morn
ing II was said. after kissing his wife and four
children He seemed in good spirits. notwithstand-
L., ~ had Oyertaken his business
That was the last heard OF him until the news came
OF his cath. II said that the dead man was
born in Germany about thirty-seven years ago.
The firm Of Stern & Co. Nos. 6s7 and $50 Broad
way failed vest srlay. and Deputy Sheriff Hember-
ger closed up their store on executions for A6O93.
They confessed judgments to confidential creditors
as follows: John y W. Wright N7.643; H. Germ
shym & Brother sll 9s. Nathan Weber. %6s2; Es
ther J. Levy. s. l5S Marcus Michs-;son, S.lf5: Leo
Stern. $3.50. The partners were Samuel Leopold
and Louis Stern. Samuel Stern. the senior part
ner had been In business thirtysix years. and the
other two became partners in 1876. They had done
large business their sales averaging about $4,000
vear and had heretofore claimed A capital of $4,000.
Bradsreets reports state that they were SOW last
summer and fall. and they said they were reducing
stock VI Marley Platzek. attorney FOR the judg-
ment creditors. said he was unable to tell definitely
the liabilities and but the liabilities were
estimated IN the trade at about $4,000. There is
said to 10. a large stock OF goods on hand. and a
meeting Of creditors will be called speedily with
view Of obtaining quick settlement.
In the trade the illness for the last two years Of
Samuel Stern. who had up 70 that time been an
active and energetic business man. Is assigned as
on, Of the causes OF the failure other causes being
poor business. difficulty In collecting accounts ana
depreciation in stock.
Following the announcement OF the firms failure
the trade shocked to hear OF the suicide OF Louis
: stern. on account OF Samuel Sterns Illness for
the last two years ne had had 10 look after large
part Of the business the firm. He intended with
drawing from the firm on May last. but, on account
OF Samuel Sern's illness. agreed 20 remain until
November l. He had become. according 10 state
meni he made to Bradstreets. a partner in the firm
OF HaVs Goldberg e Co. wholesale clothing dealers
AT Nos "A and 16 Washington Place. on April last.
and was to contribute $500 capital He was not TO
take an active part in the business however. un:ll
November l. but was to give II as much time and
attention as he could. Hays Goldberg & Co have
sent out a notification that Louis : Stern withdrew
from their firm on October -. The next day Louis
$ stern in company with Samuel and Leopold Stern.
went 10 the Office OF NJ Marley P,atZek and there
signed the various judgments which were given to
tho sheriff Yesterday.