The evening world. [volume] (New York, N.Y.) 1887-1931, 1894-08-14
EDITION.
COIN HAS NOT FLED.
Assignee Marx Explains tbs
Affairs Of the Involved Firm.
Stores Sold to Relatives and Goods
Supplied.
Creditors to Hold Two Meetiuas
To- Morrow.

The developments OF to-day in the csss
Of the failure Of Cohn Il Milheiser. wbola-
sale grocers. OF S2s Washington street..
VINO. 1t was alleged, had secreted about
2oo,Oo0 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. 4, made a statement this
morning which, IL 1t does not entirely
free Cohn Milheiser of the inputation
or intent to swindle their creditors. re-
lieves them legally Of much responsi-
bility. Just the same, there are at least
twenty firms OF wholesale grocers who
are looking for COIN & Milhelser's scaIps.
The firm of Cohn & Milheiser was
formed about four years ago by Solo.
mon A. Cohn and Frederick Milheiser.
The store. at S28 Washington street, was
the centre OF supplies for branch houses
at 2o2 Madison street, 1853 Mott street
ana at Harlem Market. The firm was
rated at $4,000 by the mercantile agen-
cies, and was apparently doing a good
business. A statement issued by the
concern last May purported to show
that 1t had surplus of 1924
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 be worth s5S,OOo, consisting prin-
cipally OF notes given by Afinna Buch-
wald and Liebman Cohn,. sister and
turned oyer TO the assignee, II was said.
was $3.50 worth Of groceries
several claims against the Arm were
placed In the hanus OF c. NJ Wells. OF
$40 Greenwich street, for collection. Mr..
Wells learned that recently large utfan-
titles OF stock had been taken away
from the Washington street store ami
placed In storage. He traced the goods
10 the storage warehouse Of r. ]. Dean,
In West Fourteenth street.
Several firms OF Importing grocers OF
Whom Conn d. Milheiser had bought
large bills Of goods became suspicious
OF the .genuineness OF the failure and
began to investigate. Walter Lea, OF
Web Weber cS 4 Lea. les Duane street. OF
cases Of the most expensive sardlnes.
went with Hugo V. LANCE, OF Meyer q
Lange, lg5 Franklin street to the store
found Mr.. Wells and a representative OF
A.. Booth & Co. Of Baltimore, who had
sold Sohn Us 600 worth OF canned goods.
s Snd td y Mr. H Rn guidance the party
where 1t was found that Minna Buch-
valid had stored 5000 cases of canned
goods, upon which Mr.. Dean had adj
Dean refused to give up the goods,
which the Baltimore man Identified AZ
having been sold to Cohn by his firm.
lot Of goods fro% the s' %ssSins snaa
street store had been moved into .
There 100 cases OF sardines, 1000 boxes
OF macaroni, 200 tubs Of lard, so bags
OF nuts and 100 bags Of beans were
found packed away. In the cellar were
Krauss Bros. Wholesale liquor dealers.
of sardines, tea and flour were found,
and when the searching party went 70
covered. Next day a canvass af the Har-
lem Storage Warehouses showed that .
great quantity OF tea. canned goods.
enough to stock a dozen grocery stores.
had been slowed away.
Writs of replevin were next In order,
by the firms who had sold them to Cohn
q Milhelser. Some of the property.
however, was. 1t is said, carried away
by night and across the Desbrosses
the fifty writs of replevin in Deputy
Sh erin Barney's hands were served.
Here Is Assignee Markss explanation
OF the situation:
II have finished going over the books
of the firm and fnd that the debts
amount to about $4,000. instead OF $780,
900, as first stated. As to the assets. I
found 10000 worth Of goods at the
Washington street store and not $500
worth, as was reported. Then there was
about 5000 worth of property at the
heiser. There are outstanding accounts
amounting to $500 and $500 worth OF
notes Of Lehman Cohn and Nina
Buchwald.
Now as to how the goods became
scattered around. The Harlem store was
sold to Minna Buchwald on May T.
Under an agreement Mrs. Buchwald was
heiser. The firm supplied her with about
SIS, 600 worth OF goods, of which $1,000
was paid in cash from time to time and
the balance in notes under the agree
"The Mott and Broome street stores
were sold to Lehman Cohn May q,
under the same agreement as that had
heiser furnished Lehman lcohn with
s2l 900 worth Of groceries SINCE he bought
the stores. About half has been paid in
cash, and notes cover the balance. Thus
counted for.
" Whatever Nina Buchwold or Leb-
man Cohn did with the goods, is no
were stored by Nina Buchwold and
Lehman Cohn; they only are responsi-
BILE for them.
The creditors who have replevined
the goods sold TO Cohn q Mllheiser have
made a bad mistake"
A meeting of the creditors of Cohn a.
Milheiser has been called by Assignee
Marx for tomorrow at s26 Washington
street. The creditors have also decided
to hold a meeting OF their own to-mor-
row at los Duane street, when they WIN
have counsel on hand to direct their
the prosecution OF Cohn A. Milheiser.
Mr.. Cohn called upon Lawyer Marx
this forenoon to deny the report that