The sun., 1895-03-01
LOCAL BUSINESS TROUBLES.
FaiIure or Z. Hamburger A. Co., Inportsrs
OF Lear Tobacco.


I. Hamburger q Co.. importers OF leaf tobacco
| at ia Water street, one Of the oldest concerns
| in the trade, failed yesterday and made an as
sIRnment to Milton 4. Guiterman, lawyer. of 80
Liberty street. The partners are Isaac Ham
burger and his sons. Solomon and Benjamin.
They made preferences for s34, ,94g for money
loaned and TO secure notes and checks as fol-
lows: Sarah Hofrheimer, $4,000; w. II. stiner
& Son, 81. .483; Solomon Hofiheimer, S0.s44; j.
shack, 81 ,4SS; e. wahlig q Co., S6,i54; Simon
Pretzfeld, 81, 900; Philip Pretzfeld, $4,000, and
to an unknown holder OF the firms note for So
600. The business was established forty years
ago by Isaac Hamburger. In 1900 the firm
were reported TO have made sl5o,oo0 by
the rise In sumatra tobacco on the
change in the tariff, but since then they have
become loaded up, II is said. with Sumatra to-
bacco, for which they were unable TO find a
market. 1t is said that they have considerable
stock OF '9l and '92 crop Of Sumatra, which. on
account OF the color, is practically unsalable,
and that they also invested heavily in 90 crop.
which they were unable to dispose of speedily
on account OF the hard times. They had, IL is
said obtained loans on their stock from banks
and bankers, and had been crampcd for ready
money for some time.
Assignee Gultertnan said that he was not able
not know how they stood. Einstein d Town
send, attorneys for the firm, stated that the as
impossible to give any figures as to assets or liza
billties for few days In the trade the iiabili-
The firm lost money by the failure Of i. Levy q
Sons year ago. The senior Hamburger was
deed Of Of ,5 p .sSsv asy In ,.s
goods fro% @ the ui pad Them fo IN casS AND
have have not received the goods, which are hypothe9-
rected, II such goods are not delivered, to pay
the owners out OF the proceeds remaining after
the Drefer0nCe DAymentR similar
vision is u sde as TO persons who gave notes for
goods. When the assignee was questioned about
the, hypothecation, he said that the assignment
spoke for itself and he knew Dothing moro
about 1t, but he expressed the opinion that the
firm are honorable men and would do nothing
out Of the regular course of business.
George p. Houghtaling has been appointed
receiver In supplementary proceedings for
Charles p Roach. formerly a real estate and in
OF Robert Chambers. Mr.. Roach is a grandson
one on 1 Of the the latters 9 % esatee. He has received %
portion Of the legacy but there still remains un-
paid, he states, at least $4,000. Mr.. Chambers
Feb. 6. 1887. for ST ole. ON which the applica-
tion for receiver was made. Mr.. Chambers
suraDee | business from n Jan. ! to July /. fsss,
Roach, one by the Merchants National Bank of
on judgments obtained about two months ago.
Mr.. ROACH resides at the Empire Hotel Bo9le-
ad and nster In the DAY
an order extending the receivership of Mr.
Houghtaling TO cover the claim Of the Mer-
E. Weigner 4 Co., manufacturers of cigars at
205 East Seventy sixth street. have given bill
of sale to l.. Goldschmidt & Co., their principal
creditors.
Deputy Sheriff Mulvaney has taken charge of
the place of business of the Seyfried Cigar Man
attachments in favor of Alexander Bros. for
$1,000, and Emma K. Won Seyfried for Sl,23l.