New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-12-29
H o p {
DO NIB O N s
Are the bcst-and nj present the loves ~
,,ricc 5O ccnts n Mound, reduced from SI.-"
pri''. %" ,,anr Maiden Lane.
MANY SURPRISED CREDITORS
COLLAPSE or \ BIG DRYGOODS fo' 81
T IIcIITENsrEIN & SONS FAN. FOR OVER $,ooooo
AND SELL OFT ALL THEIR STo'k TO
ANOTHER FIRM-rHE PERFORMANCE
SEVERELY CRITICISED.

ANOTHER FIRM-THE PERFORMANCE
SEVERELY CRITICISED
The failure Of J. Lchtensten * Sons. dealers
in drygoods at Nos "a and 66 West Twenty
thlrd-st and No. 273 Ia 2s5 GrHnd-st. ANA The
sale Of their entire stock Of goods to Ehrich
Brothers have caused the greatest surprise
among their creditors a. they had no intiiiati'h
Of such thing 1t is said the firm bought goods
up To this week and had paid claims right along.
The liabilities are pl ced AT $4,000 with ass'.s
vet 10 he determined. There are larg" nun'er
OF creditors in thii city. and there was great
rush yesterday 10 protect their claims Herman
Joseph began two suits against the firm yeste.-
dav for creditors whose claims aggregate $500.
He criticised the sale t. Enrich Brothers, ana
smoke at length I'm regard To the prevailing
practice Of merchants selling out for cash or 10
auctionecrs lie said that he had prepared a
bill T., be introduced IN the Legislator" a. soon
as il meets TO stop the practice. by preventing
merchants from SELLING goods In any Other way
than the usual course OF business. unless the
seller flies in the County clerks oiii'r On an
uayit that h. is hot insOlNcnt. and thai ne sac
/, not made To prevent the property from ""'hs
reached by creditors. NJ Joseph further sald
that j. Lichtcnstein X sons had sold some goods
in the sale to Enrich Brothers which belonged
to persons having departments In their store Dut
it was declared that hey would pay ne amount
Of these goods on Monday ncNi from IN" 'ish
received from Enrich Brothers Twenty 'r'h'-
ors whose claims aggregate Sb,.OJl nave l'ut
them in the hands Of Blum"nst"l " HT9
for legal acton. one Of thcse claims Wa '',
goods purchased on December - b'umchS'
a. Hirsch SAID they had searched m records -
ind cut what real estate WAS owned ~ me nm.
They learned that the houF" 40. 81 'i7'
Eighiicth-st where tho partners live. Is IN tir
of RshscCt.
conveyed in 1872 By all Of the heirs oi Johanna
Lichienstein. their mother aud Rebeccd NOR
gagged It in February last for .-'.p". hrn az.
Llchtens:cin died. IN July. lsa. an" "it M
estate and her interest In the business - thr
four who composed TN" presen' 'li"l an. an,
4 daughter The Grand-st. stores ar" not ""n.h
bv he firm but are leased. ~ IS also me
Twenty -third-si store 80.
one cause Of their failure IL sad t. 0e the rem
Of the Grand-st. stores. The firm continued -
sell silks drcssgoods and millinery there nui
rented out all the othe- departments II various
persons the place being called The ar pur'lH
the last two months II - said 'na' ',u' c,,
who had departments have failed ana as" "''',-
mol Cohn IL Bro. shoe dealers. wnns" N"l' ~
Joined theirs. The partners In the hrm ~"
Abraham. David. Isaac and Jaroo' a" 81 VIZ
had been brought up in III" business. ND'""'
became a partner With hts mother IN MA H.
1852 Bradstrects reports say. ana th' "'"''H J."
ga mo mariners In February. 1877. and continues
the business after their mothers dca'h. Hfh"-
streets took away their capital rating IN S"p''"'-
Der last II Is SAID that Ja,"b 10 "'' ,-'''.
now In Europe, where b" went SIN '''. "N
To buy goods and IL l. also sad mat som" 81
~ h,,,ers f,r tho firm only recently went -
Enron. tn make purchase. Tn SI'rin >rsi'i-
drv received three writ ~ r"pi"rin "gain" ti,
49,, d, fsv,r ~ the following creditors 'tIl
Eggehr,cht sf7ls. El" Well. {l'o'. ann SIMON
We'll. tl.9,N .. ,-
Mr. Pnizol. ~ Roc & Puiz T. ATTORNEYS
the firm said Yesterday That The lahithr' aye
a,.ut 81 - 900 but would not state ANY hsufrs az
ia tho amount u assets "" also d"'l.n'l
civc tn. amount q money fnr which the -t..N
Ey.tt. her
-. b,I been turned over 80 various bank.
and confidential creditors TIE book o. ''nit ~
Tho firm h. said. nave also been ifan-i'iI'' W"
~. hanks TIE claims - the banks W"r' 40 '''
400 non Tn, firm. hc said owned no real estate
when asked what assffs "'ir l"ii ip' 'h' s"-
ora, creditors. De- replied tha' ne nli . i tl'