New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-10-11
A CLOUD ON HIS MEMORY.
FINANCIAL AFFAIRS OF ADRIAN C. BERN
HEM MIXED UP.
ONE OF HIS FRIENDS DECLARES THAT THE MAN
DIED FROM BROKEN HEART, FEARING
DISGRACE FROM AN INVESTIGATION
INTO HIS ACCOUNTS RELATIVES DE-
CLARE THAT EVERYTHING WILL
BE FOUND ALL RIGHT.

| announcement
OF the brokerage firm of Skehan Bernheh' d.
/ No &c Broad-st was short In his accounts. appar-
! entity 10 the amount OF at least s2cO,ccO with IN
! dcatlons pointing TO even much larger sum
Mr. Bernhem. at the time OF his death, July Il last
| occupied exceptionally nigh place in the COM
munity. especially in view of his age. whicn was
twenty mine. Among his associates were Seth Low
Carl Schurz and other men OF high position Among
the pall-bearers at his funeral President Low,
Mr.. Schurz, Joseph I.arocque and James Selignah'
| Among the representatives present were those OF
! the Hebrew Benevolent Society, OF the Home Tor
| Aged and Inirm Hebrews. Columbia College Law
| School Alumni. the Stock Exchange and the Cham-
| Der of Commerce. He had been graduate of Co
lumbla College. a student later at the University
OF Berlin. permanent lecturer at Columbia on the
history OF the City and OF the State of New iofk.
a philanthrop.s a member OF the tn-Versi'! set
| Element a trustee OF the Tenement House Building
Society and of the Aquar Free Library Society,
| member of the City Club. the Reform. Grolier.
| Aldine, Nineteenth Century. Harmonic and the
| Vaudeville clubs He also member OF the
| Stock Exchange and the Chamber OF Commerce
| He member of the Committee Of Seventy
| last year. and chosen chairman of the Press
| Committee.
Yet. despite all this environment. Mr.. Bernheim,
at the time when he taken i'll. mad apparently
got into financial entanglements which those who
are well informed and who were also his sworn
| friends say are likely to cloud his memory. Yes
terday they admitted this In bitter regret and grief
AN ORDER TO SHOW CAUSE.
Mr.. Bernheim's trouble. 1t is said. precip-
tated June last. when Justice George F. An
drews. Of the Supreme Court upon the application
of Lazarus. Levi & Co.. bankers. of No. Is New
ST., granted an order requiring Mr. Bernheim to
show cause why order for the appointment Of
a receiver OF the Manhattan syndicate should not
ISSUE why Mr. Bernhem should be removed
trustee OF the syndicate. and why the sum of 1884,
900 in his charge and belonging TO the syndicate
should not be taken from Bernhem. Bauer & Co.
with whom It had been placed. and be deposited
with banking company. The petition In the
set forth the following:
I'm January. 1895. an action begun by Abram
c. Bernheim against Lazarus Levi and Others as
trustees, for the accounting between himself and
these defendants Of all transactions arising of
the syndicate agreements set forth in the complaint
in said action TO which your petitioner begs leave
10 refer. and more particularly for the accounting of
all the transactions arising out OF the contract made
by the said Bernheim. trustee. with the Edison
Light and Power Installation Company. and OF all
moneys and property which came into his hands.
trustee. under said contract"
The papers referred to allege that I'm the fall OF
1891 the said Abram c. Bernheim, with Others as
owners of 9oOi2 shares of capital stock Of the Man
haitian Electric Lighting Company O.imited) Of the
par value OF $4,000. was DESTROYS to sell the same
and that he made arrangements with the defendants
trustee, 10 enable him TO sell them TO the Edison
Light and Power Installation Company"
The complaint further asserts that the same ar
rangemens were made with 1870 shares OF the Har
lem Lighting Company. Mr.. BeTnhem, on De-
cember % 1892 II alleged sold these shares TO
the Edison Light and Power Installation Company
for $500, 000 with deduction afterward fixed at
800. 1t this money which the petition AYERS
was improperly deposited with Bernheim & Bauer
and which the petition asked to have transferred to
trust and savings institution.
Justice Andrews transferred the trusteeship to
the Farmers Loan and Trust Company and referred
the decision of the amount Of money that should go
with the transfer to William II. Willis OF No rs
Broadway. on which branch of the litigation the
hearing will open next Thursday at p
The Manhattan syndicate the body formed to
float the Manhattan Electric Ligh. and the Harlem
Lighting companies stock.
NOT so LARGE
One who has made thorough Investigation of the
affairs of Mr.. Bernheim both in his firm relations
a member of Skehan & Bernheim. and with Bern
helm. Bauer & Co.. and who knows the exact stu
alton, said yesterday Il am sorry to say that the
matter looks bad. very bad for the memory of Mr..
Bernhem 1T is not true. reported. that he appro
priated more than 100000 of the firms money of
skehan & Bernheim. When All is sfted down and
certain debts due from responsible persons and
firms are paid, the deficit will be only $4,000 to
$1,000 How Bernheim stood with relation to these
The central point Of the sad matter lies in the
affairs OF the Manhattan syndicate. That money.
am sorry TO say, which Mr. Bernheim held trustee
TO the amount of s9i,O0 has disappeared. The syn
dicate, in short, has been plundered.
The reason may be found, believe. and time and
investigation. have no doubt. will show it. in the
fact that the firm of Bernhem. Bauer & Co.
q settlement with it's creditors The Bernheims OF
that firm We're Abram c. Bernhem's father and
brothers and the Bauer his father-in-law.
Abram c. Bernheim deposited the trustee moneys
WIN mat nrm composed OF relatives. instead OF
"A Will ho
shown in due time that the $4,000 was used to
"Abram c. Bernheim himself was a man of ire
Of the goodness OF his heart as believe he sought
to save those who dear to him by the ties OF
blood. More and more money went for that pur
pose The crash was shown to be impending when
the order of the court came ian calling upon him to
on June last On June Mr. Bernheim took to his
bed. He never rallied. He died nominaly from
typhoid fever. He died actually from a broken
heart. over impending disgrace"
Upon the petition OF Lazarus (. Levi & CO.. the
Farmers Loan and Trust Company has been made
place of Henry c. Bernheim, a brother Of Abram c.
veopments of sensational nature were spoken
of by well-nformed persons yesterday in the direc
ton OF the affairs Of Bernheim Bauer one man
said: IAN efforts to secure cooperation from Myers
& Anable. the lawyers for Bernheim & Bauer have
to get at the bottom Of the who;e matter"
Mr. Skeehan said that grossly exaggerated. In
accurate and false statements had been made re-
tributed TO his partner. Mr. Mendeis
STATEMENT FROM W. NJ. WINS.
william NJ Wins, the attorney OF Henry c. Bern
helm, the administrator said:
Il am thoroughly familiar with all OF the facts
I'm the case. and 1t Will be made clear to al that
A. &. Bernheim not guilty Of the charges
which have been made against him. Ii is true that
Marquand. Skeehan & co. lost money largely dur
ing the year 1893. but with that exception the
charges made false. and must have been actu-
ated by malice Of ne most except: on1l character
Whoever is responsible for the spreading of these
will DE descrVngly dealt with.
LAS 10 whether Mr.. Bernhcim was personally, mt
the time Of his death. indebted TO the firm. we do
not believe that he was on the other hand. We
believe that the firm indebted to him. We
cannot now speak positively OF this however in
view OF the fact that the books OF the firm have
not yet been investigated by any expert behalf
10 ,bo I hat no stafe