New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-09-14
ACLOTHING FIRM IN STRAITS
RERNHEIM. BAUER g. CO. PRACTICALLY
SUSPEND BUSINESS.
,NpEAyoRINo TO EFFECT A PRIVATE SETTLE
MENr WITH THEIR cREDIToRs-No STATE

lNpEAvoRINo TO EFFECT PRIVATE SETTLE
MENr WITH THEIR cREDIToRs-No STATE
MENr MApE-oTHER TROUBLES
The rumors OF a heavy failure in the clothing
trade which have been In circulation io' '''
DAYS past eliminated yesterday in the ahnouh0e
ment OF the financial embarrassment OF Bernhei'h'
Bauer & Co. wholesale dealers in clothing al NOS
S TO 10 West Third-st. The firm have maoe nv
assignment. but endeavoring to COMPROMISE
with their creditors The first legal action aedi'9
them was taken yesterday by Gruber q bo"S"
who obtained a writ OF replevin against 'he'" io'
1880 in favor OF Stephen J. Weaver. agent TOT 'he
Washington Mills ABE" Gruber said that ,hey
took the goods called for under the repIeVln nav
ing disaffirmed the contract OF sale.
Myers & Anable are the attorneys Tor bein"s'i''
Bauer & Co. My Myers said yesterua! INC III
had practically suspended and that they were
negotiating with the banks interested 10 erect
nr,vate adjustment OF the matter. ana mus aNoiu
tho expense and delay incident to genera as
s,snmen; IL the compromise IL accepted the
banks will get substantially more man 'ney VIZ
realize by assignment ana inc h'
creditors whose claims are relatively smah !"
a,rop,t would fare at least as wei as the Dahks'
"a In oil nrohability somewhat better. as the con-
easn,,al creditors would make a further sacrihce
10 enable this TO be done, and thereby the con-
fdential creditors would suffer much 'he iaises'
loss Mr. Myers would not state the amount OF
compromise.
Denuty-SherifY Heimberger visited the store yes
terday and picked out the goods called Tor under
the rep.evn. consisting OF cloth and piece goods
Blumenstiel & Hirsch. who represent several large
merchandise creditors. said that their clients had
decided 10 walt Few Gays 10 see no" h""''ei'
developed.
Bradstreet's reports state that the business was
established thlrty-two years ago. and FOR a long
time conducted as August Bernheim d Bauer
n prominent firm. which transacted large busi-
ness in the Southern States Mr. August withdrew
about ten years ago and the remaining partners
continued under the present style.
They are Charles l.. Bernheim. Felix l.. Bauer
and Julius c. Bernheim. Mr.. Bauer declined to
give any details Of their affairs yesterday but SAID
the firm had not suspended and hoped to come out
all right 1t was currently reported in the trade
that the liabilities are $4,000 but Mr.. Myers said
the figures were not correct oo statement OF me
firm compiled on Noysm d 80 & abtes
sS75oo Two years previously they showed assets.
si222ooo direc; liabilities. 1882 coO contingent Ia
Louis n Ernst doing business as Louis NJ l., Ernst Ernst
a BIZ Of sale to sgmund Goldberg, to secure a
H!rsch obtained an attachment against MI Ernst
for 500 Mr.. Ernst has been in business for twenty
Whitehead. Withdrawing on June l. 1894 ABE
Gruber. his attorney. said that the haoiueS are
Alfred J. Pulsford Yesterday appointed re,
ceiver for A: e. Chasmar y %; cofpoIate u,,,,
doing engraving. printing and publishing speclaly
Tor monthly publications at No. "a Union Square.
on the application Of Charles strauss IN PROCEEDINGS
brought by the officers for voluntary dissolution
of the company. Alfred l.. Chasmar president OF
the company said that the assets which consist s,
chiefly Of machinery and plant. cost $4,000 but u
sold in the usual manner by the receiver would
probably realize only 5000 or 5000 There are
colleciab accounts OF 1900
Judgment for $33s2i was entered here. yesterdny
against the Ongcy Electric Company. OF Hoboken,
In favor OF George u. Hopkins and W. J.. Dixon Tor
money lent between March o. 1879. and July g.
1866 Mr. Hopkins was the president ana George
j. SchOeffe. treasurer.
Deputy-Sherln Heimbcrger has received an at
fachment for So 0DO against Henry NJ Anthony
Commission merchant OF Nos. 100 and 1902 Rcade-st,
who assigned last week IN favor OF ne United
states National Bank, on Ave notes or his, winch
Inc bank discounted on the strength OF written
statement made by Mr.. Anthony OF ms CONDITION
on December 81 1904 showing assets OF S1I615 ana
liabilities OF $4,000 II Is alleged by the bank that
recent disclosures show that the statement was NOT
accurate that the liabilities then were greatly IN
excess Of si25 900. and the assets were more than
less than 1851 .G53.