New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-01-03
TO LEVY ON THE STOCK.
STEPS TAKEN BY CREDITORS OF THE
LICHrENSTEINs
r,,,rrrR DEVELOPMENTS OF THEIR REMARK
ABLE FAILURE-sTATEMENT OF ENRICH
ppOc WHO BOUGHT THE GOODS.

|
| PROS WHO BOUGHT THE GOODS
J The sudden failure last Thursday of the dry
| goods firm OF Lchtenstein Sons. opera'ihs
stores in Grand and Twehty-thiru sts' Is app "
furnish sensa tional developments 1t VIII oe re-
o,horod that the stock OF goods was transferred
g., h,,lt IN tho store OF Enrich Bros with surpris-
ing audiences The firm failed for about sio"oV''
and there seems be little or hothhs III sis"t !"
nrotect the claims OF the credi'o's |h'h 'as'
| Thursday night there was not suSte,o" y. ~
| insolvency of the firm the part o. the genera
| nrhrc Goods were purchased from whoiesaie
| dealers almost up to the last day pu9, 80
carried on up to closing-up time on lh"is'ay "ie
| Within an hour after business closed 'a''o We"
| the doors of the dofunct firm hus'ins ''e o
| out ,ad on
4 dozen or more attachments were issued ~. on
ya.aa' .,d more are being applied for. The
largest single creditor Is said to be the hrfn u
Ele Wei & CO., of Paris, FOR $4,000. NearS a"
! tho writs 40 far granted have been upon the app"
cation OF Blumenstiel & Hirsch. attorneys anu
| the afidavits I'm each case were the same
Yesterday affairs took new turn Inc mp
| tected creditors through Blumenstiel * hlrsoh
| took stems looking toward levying upon tue emu
stock which is still in the possession Of Ehr'c"
/ Rrothers The changes in the Sheriff once pre-
vented such step yesterday. IhlnSs "'re ~
confusion there. and the transfer o. papers i'0"'
the Old TO the rev Sheriff was slow business Last
! NIGHT Mr. BIumenstiol Of Blumenstel ~ hiis'h'
said that the probability was that the levy Woui.
| he made this morning. II this IS zone 'h'i'''
Tamsen will start the new year with DIX u'ii'"
ton II the creditors take the property tH'! VIZ
| have to execute bonds TO Sheriff Hansen III sum
| c,ent sum to indemnify him against all possioie
DAMAGES Then Enrich Brothers would probably
sua claiming they had bought the goods ana that
tbev owned them Mr.. Blumenstiel said last nieht
that while the levy would doubtless be mace
within a day or two there was no particular h"''''
as Enrich Brothers were responsible. .
Nathaniel Myers of No. - WaH-st.' VINO !"
counsel for Enrich Brothers. said yesterday In req
erence to the purchase Of the Lichtenstein STOCK.
There foundation in fact for me "a Unfair
that the Messrs Enr5a or that there was any
thing suspicious undue haste In their puTchase @
rbe Messrs Enrich paid S72jO cash for the stock
That was fully 80 cents on the doI,ar 81 Sar,ge
pc Maid Tor cut and broken stock sod In bu,k
especlay when sod after the end OF the seaSo oid
Tor BY those who had sold it to the Lchtenste,ns
It is fully as Tnch as %e tc Of BFookyn 1t is
above what assignee or shern g5ne tSoE pos
session on THURSDAY afternoon December q r.rooved
II is not the fact that the GOODS we're az hn CON
their store during that mi ns9t n t
stock removed that night he , sturiSy and
! All dav Monday and was completed late Monday
right DeS9 tSat the Messrs Enrich might have
posse OF the store until the nisnt OF }ri De-
liberation that Characterised the removal ana on.y
after very ful. examination Dd', ,b Tor The
original tickets have not in any instance Dteh re-
moyga ioi r9 today as they were on the day
wbfn bought II the unfortunate creditors desire
10 have the Sheriff levy their writs OF attachihem.
upon these goods the Messr E5ren w we P s9a 9
the goods 70 the sheriff II any % boy "S w he o
sist@d In Identifying them. In other worts: tne
Mrss's; III and II attacked Will defend their title
In an Orderly ana dgnifei way anu WI" ~ 80.
agy obstacles 10 the enforcement OF any legal rights
! that any one may have
/ Another development yesterday was the fac'
! ,hat Lichtensteln & Sons had drawn chechs
! h,oh the Butchers and Drovers Bank reiuseu
80 honor. The history Of one OF these transac-
,io,s IL reculiar. H. NJ Frantz conducted '"e
crockery department in Lchtenstein sons
! crand-st store According 10 MI fraht] s'a'e
ments he owned the department. the L'chtehs'e'"'
having an arrangement with him TO run II aS one
! ., ,beir departments. Frantz says that on De
! cember "a the day before the failure was an
| nounced publicly. the firm gave MN d cHecA io'
| ,,-o The check was dated December a Frdh'I
| ,ok the check to the butchers and DroVers
/ Rank on Thursday night. but Was TOO ia'e 10 se'
! 4, certn.d one OF the Lichtensteins assured MN
! that the money there all right Out "ne" "e
went the first thing the next morning anu p,e
! sented the check he was told II was no soou
Frantz took counsel on the subject yesteruay anu
was told By lawyers that he could get OUT d oouE
| execution against the drawer OF the check
Mr. Ceilings. paying Of the Butchers ana
Droyers' Bank said yesterday tnat there was
number OF small checks that had been summary
| dlshonored by the bank. one OF them oeihs io'
| 500 Both the paying-teer and the cashier OF ,he
bank said that Lichtensten az sons had ca'''eu
small balance with the bank since their remoVal
TO Twenty-thirl-st. some time last faII'
II was learned last night that the IAchensteins
had tried to make the Frantz check good
Mr. Rose OF Rose q Putzel. attorneys for Lich-
1x-q Trip
Yesterday. and said that the Frantz check was
| civcn 10 Mr. Frantz when there was money IN the
bank TO meet IT, but that Mr.. Frantz had carried
the check two three days and that ms loss
was his own fault. Mr.. Rose had no kno"ie9se
! OF the check FOR 800 VA
| AIolnh Openhym is one Of the creditors His
claim amounts to 81 500 50. In his affidavit which Is
similar TO those Of the others. he says;
The removal OF the stock was hurried and sG n,
the greater portion 81 being TanHpla.Tn Az
and employed for that purpose ana the sooiS W.
removed %lthou, nerhg EhTich Brothers. whose
premises kept open all night ior tht IeCvPooh
SO FAR n this deponcnt knows anything to the con-
trary. This transaction, aNese, WAS ou' 1900 a.
the ordinary course Of the business OF me defend
ants and the goods removed ana disposed OF
In this and hurried nanner AZ hgnl N Jste
to ofectuate the purpose OF the delehua,s h
by Enrich Brothers, to cheat ana deiraHdp .nrr
j LIchtenstein & Sons but deponent alleges tnat
ich purchase made TX cOulu Hol uiNc 49,
bona iie one the sale could not have been honest
and the transaction could not have been perl9rtneS'
bv the parties the mere purpose OF enectlhs i
sale of property. with the honest OBJECT 81 app.,
the nroceels TO the payment OF their DEBTS LOT up
70 the 18th day OF December 1894. the said detend-
ants were carrying on Their retail business VI inc
usual way, and were receiving eoous H"' '
merchants OF this city.
The AFFIDAVIT says it would have been Impossible
for Enrich Brothers any one else to nave maue
an inventory of the goods Under the circumstances
to enable them to arrive at a basis for putting
valuation upon them so as to arrive NJ a iar ailu
reasonable price for the stock.
The homo OF the Lchtenstens at No 81 Fast