The evening world., 1894-08-14
COIN HAS NOT FLED.
Assignee Marx Explains the
Affairs of the Involved Firm
Stores Sold to Relative; and Goods
Supplied.
Creditors to Hold Two Meetings
To- Morrow.

The developments of to-day In the case
of the failure of Cohn & MIlhelser whole
sale grocers, OF SO Washington street,
who, 1t was alleged, had secreted about
100000 WORTH OF goods in various parts
| OF the city with the intention of defraud-
ing their creditors, put a different aspect
| on affairs
Lawyer Joel NJ. Marx, OF 25s Broadway,
who was appointed assignee after the
failure on Aug. 1, made a statement this
morning which, IL 1t does not entirely
free Cohn d Milheiser OF the imputaton
Of intent to swinJle their creditors, re-
lieves them legally of much RESPONSE
bility. Just the same. there are at least
twenty firms CT wholesale grocers who
are locking for Cohn IL Milheisers scalps.
The firm of Cohn q Milheiser was
formed about four years ago by Solo
mon A. Cohn and Frederick Milheiser
The store, at S6 Washington street. was
the centre Of supplies for branch houses
at 2O2 Madison street. l6s Mott street
and at Harlem Market. The firm was
rated at $4,000 by the mercantile agen-
cies. and was apparently doing good
business. A statement issued by the
concern last May purported to show
that 1t had a surplus OF $7S,240.
When the failure was announced, the
liabilities were placed at $4,000, with
the Gansevoort Market Bank and the
New York County Bank as the only
preferred creditors. The assets were
said to be5worth So. 900. consisting prin-
| cipally OF notes given by Minna Buch-
al al of nd
brother of Solomon Cohn. All the stock
turned over to the assignee II was said.
was $500 worth of groceries.
Several claims against the firm were
placed In the hands of c. NJ. Wells. of
3l9 Greenwich street, for collection. Mr..
Wells learned that recently large guam
from the Washington street store and
placed in storage. He traced the goods
TO the storage warehouse of II. j. Dean,
In West Fourteenth street.
Several firms of importing grocers of
whom Cohn Milheiser had bought
large bills of goods became suspicious
OF the genulneness OF the failure and
Woeber Lea, 1876 Duane street, OF
whom Cohn had bought twenty-five
cases Of the most expensive sardines,
went with Hugo Y. Lange. of Meyer q
Lange. 1856 Franklin street. to the store
at S26 Washington street. where they
found MIR. Wells and a representative of
A. A; Booth 4 g. Co. 90. OF Baltimore, who had
|
Under Mr.. Wells's guidance the party
went to X. j. Deans storage warehouse,
where 1t was found that Minna Buch-
s %a,d a nnoS stored hic soo cases OF canned
vanced ~ per cent. of their value. Mr..
Dean refused to give up the goods,
which the Baltimore man identified as
having been sold to Cohn by his firm
Further investigation discovered that
a lot of goods from the Washington
street store had been moved into "A
There 100 cases of sardines. 1000 boxes
OF soap, 30 barrels OF sugar, 500 cases
Of macaroni, 200 tubs OF lard. SO bags
FOUND pt nac and iS oass 81 hs beans is Were
found 200 barrels OF liquors bought OF
krauss Bros. wholesale liquor dealers.
At the Mott street, store big stock
OF sardnes, tea and flour was found.
and when the searching party went to
Harlem Market more goods were dis
covered. Next day canvass OF the Har-
great quantity OF tea, canned goods,
starch, candles, -four and other staples.
enough to stock "a dozen grocery stores,
had been slowed away.
Writs of replevin were next in order,
and most OF the goods were recovered
by the firms who had sold them to Cohn
4 Milhe'ser Some Of the property.
by night and across the Desbrosses
street ferry to New Jersey. But most OF
the nifty writs of replevin in Deputy
Here Is Assignee Marks's explanation
of the situation:
~ have finished going over the books
OF the firm and find that the debts
900. as first stated. As to the assets,
found s2000O worth OF goods at the
Washington street store and not 81, 5Ot
worth. az was reported. Then there was
about 5000 worth of property at the
other stores belonging to Cohn & Mil
heiser. There are outstanding accounts
amounting TO 5000 and s.. 500 worth OF
notes Of Lehman Cohn and Minna
Buchwald.
Now as to how the goods became
scattered around. The Harlem store was
sold to Minna Buchwald on May z
Under an agreement Mrs. Buchwald was
to buy all her groceries of Cohn & Nil.
heiser. The Arm supplied her with about
$4,000 worth Of goods, of which SIS. %,
was paid in cash from time to time anC
the balance in notes under the agree
ment.
THE Mott and Broome street store.
: were sold to Lehman Cohn May %
under the same agreement as that haC
: with Minna Buchwald. Cohn & Mil
: heiser furnished Lehman Cohn will
I vi 600 worth OF groceries since he bough
the stores. About half has been paid IL
cash, and notes cover the balance. Thus
( you see the $4,000 liabilities are all ac
$ Whatever Minna Buchwald of Leb
E man Cohn did with the goods. Is NJ
!. concern of Cohn { Milheiser If the,
4 were stored bS hlniid ibuCnWalu anC
2 Lehman Cohn, they only are response
g BILE for them.
e THE creditors who have replevlnet
. the goods sold to Cohn & Mlheiser hav,
made bad mistake"
g \ meeting of the creditors of Cohn &
= Milheiser has been called by Assgne,
e Marx for tomorrow at S26 Washington
street. The creditors have also decide,
I to hold a meeting of their own to-mor
! row at 1865 Duane street, when they viii
have counsel on hand to direct thci
( deliberations, which will have in view
z the prosecution of Cohn q Milheiser.
a this forenoon to deny the report tina
: he had fled the State. He has engage
Howe & Hummel to look out for hi.
: interests.