New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-03-28
VICTORIA HOTEL FAILURE.
MR. sTANFIEID. THE PROPRIETOR, AS
SIGNS WITHOUT PREFERENCES.
prcrvr RAD BUSINESS GROWING COMPETITION
AND THE EXPIRATION or THE LEASE FfeoN
THE PARAN STEVENS ESTATE ARE
SOME OF THE CAUSES.

SOME OF THE CAUSES.
nouglas Maxwell stanfeld. proprietor Of the Vic
toria Hotel at FIfth-ave and Twenty-seventh-st'
,o,ds an assignment Yesterday without preferences
In Ioseph G. Youenes his uncle and financial man
aver A number of causes have led up TO the iai'-
mr.. s,ch as bad business for more than year the
larceny OF about $4,000 by w. T. wentworth
for,ner ol.rk VINO is now serving term in prison.
the opening OF new hotels, and the expected ex-
piration Of the lease on May next Mr.. Stahiieid'
4, * said has determined not to renew the lease
and m. paran Stevens estate, which owns the main
building has been trying to lease II 10 other poo
pie The annual rental Of the main building IL l.
said was $1,000. and Of the annex In twenty -siA'"
St soOuo. the latter belonging to the Richie es-
tate OF Boston The principal part OF Mr. stan
fields Liabilities is on rent account the amount uue
the Stevens estate being placed at $1,000 TO Wo"o
and 10 the Richie estate about 5000 The haph-
ties for supplies estimated at 3l5~o Inc to'A
liabilities are placed at So 90 to $4,000 The NOM
lnal assets are estimated at from $lOVO 10 s'o'""
The furniture and fixtures in the hotel are sald 10
have cost scoWo but they have ben used Tor d
consdarab length Of time they Will bear great re-
ductlon 1t was reported yesterday that they
would have to be Sold as Mr.. StanteId VIII not
continue the business.
Mr. Stanneld attained hls majority In December
1893 since when he has been the proprietor or the
hotel. Mr. Youenes estimated young Stanleld
ture and hxtures In the hotel. yiCp0D: house IN
West Tw-ntieth-st.. $4,000: legaces. ts1vo ne
house was formerly run BY Mark NJ Stanheid
grandfather OF the present PROPRIETOR Inc senior
Stanneld leased 1t IN 1873. when the building was
converted into a hotel from an apartment
house known as the Stevens Apartment mouse
The senior Stanield had been partner IN the Dry
goods firm OF Stanield Wentworth & Co.: OF bos-
ton. soon after leasing the Victoria Hotei ne
took into partnership Hagen J.. Hoyt. the style or
the firm becoming II. J.. Hoyt Co. Marx VI
Stanneld died in 1891 and was succeeded Dy Mr.
Ifovt who continued the business until December
Latte hot
Stanields had been strained and grew worse after
m. dafacation of the cashier. Wentworth. The
Stanneld estate then took charge OF the hotel be
ing represented by Mrs. Stanheld az guardian Tor
her son Douglas ", until the latter became OF
- ..,..,...
The hotel reached the height Of It's popularity
during President Cl-Veland's first Administrations
when he frequently stayed there. IL was also
patronizcd largely by foreigners. members or var
ods legations often being quartered there; Brad-
streets took away the rating from ID. NJ Stan
field In October last. The general MANAGEMENT
has been for a long time under the charge OF O. r
with the ST James the ST. Mare and the Man
haitian Beach lie said yesterday that he thought
tho liabilities would be about $1,000 OF which more
than two thirds Is for rent and about sl5W9 TO
dealers N the market for supplies. He thought the
assets would more than cover the liabilities.
coudert Brothers are the attorneys In the assign
ment and their representatives.. on the otner hand'
say that the liabilities are about So.Vp the prln-
cipal item OF which Is for rent due. They think
the assets will amount TO $4,000 and that all the
creditors VIII be paid in full