New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-06-01
A LIQUOR FIRMS FAILURE.
uoHN OSBORN. SON & co. MAKE AN
ASSIGNMENT.
,r,v orr1prNrNr OF CHARLES S. OSBORN AND
HIS EXPERIENCES IN THE COURTS Full
lowed CLOSELY BY THE FAILURE

,r.ru prrrprvENr OF CHARLES S. OSBORN AND
u,s EXPERIENCES IN THE COURTS FOL-
LOWED CLOSELY BY THE FAILURE
William and Robert A. osborn, doing business as
John Osborn Son e. Co.. wine ana liquor fhe'SH"'s'
at No IS yeaver-Bt.. made an ass's"".n'
sov N Ferdinand Hirsch and Norman 1. Neiiss'
nv. ,a.,s- "a n LAWYER and Mr.. H.rsch cigar man
,,..,rr.r .t No ls Beaver st. Preferences were
given 10 Robert and Mary c. Osborn OF Nyack'
minor children OF the late John u ospojR' io'
60 ere each for money loaned 20 the business: ROD
ert A Osborn also made an Individual assignment
N tho same ass!gnees. The assignment has ioi-
,owoa tho UNPLEASANT noore:y given TO the firm by
.ha ,ronsac,ions OF Charles S. Osborn. who was
formerly a partner in the nrm but withdrew on
November Is last, and who was examined III supp'e
nnentary proceedings as judgment debtor IL was
asserted that Charles S. Osborn had overorawn
his account with the firm to the extent OF *44~ by
us,no Arm paper without the authority OF the other
mariners He had been the senior partner In the
Arm for some years. and when he was retired IN
November the other two partners announced tha'
they had acquired his interest and would continue
the business. He turned over TO his brothers the
property No. 463 Central Park West. 1t was said
"a mart settlement of their claims against him. How
far his transactions have involved the firm 1t was
stated at the Office yesterday remains to be SEEM
and 1t was the general impression in the trade that
the assignment was made TO straighen out matters S
and settle up the various interests connected Win
Deputy Sheriff Lipsky has received several execu
tions against Messrs. Osborn lately: There Is
joint execution against William and Robert a; Us
on notes Of Charles S. Osborn There is an exscu,
ton against Wilam Osborn for Say IN p lavTf
Osborn N favor of Patrick *. Egan for SIG an ma
Philip ~. Lyon as administrator for $sG, Inc SheriI
con;ended mat the oice furniture and fixtures be;
long the estate OF John Osborn IT was also saiS
thsy cold were all consigned TO the nrm anu una.
william william % WAS S s%s IN Jsnuary Villain
stat. to Rradstreets that they owned the business
ssnsi at So go that the estate Of Francis Pares
Osborn 0, $500 stil in the business at the
Railroad stock worth $4,000 and that he was worth
100000 outside OF the business II was aso son, CON
The business was established fifty years ago, and
Piper Heidseck champagne. of which they have
sssn the ,wo as ea half ysaTs aso the % Said they
were worth sl.S5o.cN. John Osborn. the founder OF
the business. died May 1869. and his widow con,
ago. and Fraicis, Pares Osborn, who had been a
els j. Criey OF Philadelphia has been active in the
management Of the business for sore time and on
mi;ted interest in the business, but on Novem.
Der IS. when the fri, announced the retirement OF
partners who would continue the business were Will
Jam and Robert A. Osborn Colonel , Grey was was
anything whatever about the firms @ffars At the
office all information WAS refused MI filfscn, one
OF the assignees after two hours consultation at
the Office OF the firm, said he knew nothing what
ever regarding the condition of the firm. the cause OF
the failure the amount Of the liabilities. Charles
S. Osborn called twice yesterday at the office while
the reporters there and asked the clerks X
William his brother In. He was Informed
that he was not there
In March last mortgage for $4,000 was placed on
years DEPUTY shsria Lpsky said YESTERDAY ,r
terest OF William and Robert A osborn. under the
various executions against them had been set down
for Thursday.