The daily morning journal and courier., 1895-10-14
OF NrW nAYEN INrEREsr.
The Failure of J. E. Brewster X Co.-New
 York Carriage Manufacturers Some In

The Failure of j, B. Brewster X CO.-New York Carriage Manufacturers Some In
 teresting New Haven "Reminiscences.
 The firm of J. B. Brewster &s Co.,, car riage manufacturers at No. 4S9 Fifth avenue, New York city, which went under last Saturday, having last satur- 1 day filed a deed of assignment for the benefit of creditors, had a long and very honorable record and went down with colors flying, after brave fight. There is a special New Haven interest connected with the Brewsters, as the | Messrs. Brewsters' father was the fa- ther of the carriage manufacturing in | dustry in New Haven, an industry which was New Haven's great and dom | mating manufacturing business inter- est for many years, especially before the war, when it had a great trade with the south, and which still continues a leading interest here, despite great west ern competition. Hon, James Brewster, | father of Messrs. Brewster, founded and carried on for many years before the l great war, an important manufacturing | business which was conducted in the factory on East street where now the | Blackboard company does business. That section of the city became known as BreWsterville, in honor of his enter prise. Later in life he was identified with the business carried on by the late l Henry Hooker, on State street, corner of Grove street, now carried on by his successors the Henry Hooker company. Hon. James Brewster was a noted New Haven philanthropist and one of the | originators of the Hartford railroad. l He was a benefactor of the New Haven orphan asylum and was man of great value to New Haven, His home for many years in his old age was the fine old residence on Elm street, later the home for many years of the late John B. Darlington.
 J. B. Brewster, his son, now eighty years of age, and whose brother is noted carriage manufacturer, was at one time identified with carriage manu- featuring here in New Haven forty or more years ago. The New York Evening Post of Saturday says of J. B. Brewster & Co s business difficulties;
 J. B. Brewster & Co., carriage manu- facturers, No. 4S9 Fifth avenue, to- day filed deed of assignment for the benefit of creditors The capital stock is $125, ,000 The assignee, John A. Gar yer No. A Wall street, has not yet made an estimate of assets and liabili- ties, but he knows that the liabilities are greater than the capital stock, and judges that the total assets will prob- ably fall short of the liabilities. Ger tainly they will unless the good will turns out to be an asset of considerable value and the amount can be ob-
 tained for that is difficult to estimate
 The concern holds pledged bills to the amount of $1500O0. As it is a corpora
 tion there are, of course, no preferences | The causes of the failure were partly hard times, but more especially an un-
 successful attempt to meet keen compe- tition. As is well known the BreWsters have been at the head or their nranch of the carriage business the manufac- turers of pleasure vehicles, ever since
 their business was founded early in the
  Haven. the father of the brothers whc are at the head of the two present con- cerns. Since the brothers separated
 many years ago, the partnership oi
 Henry Brewster & Go. has gradually
 come into the control of the bulk of the business. This fact, the assignee thinks
 is the primary cause of the financia
 straits of J. B. Brewster & Co. Then
 failure effects in no way the firm oi Henry Brewster & Co.,, as for years
 their interests have been entirely sep I arated. The falling off of the business
 of the corporation of late is thought te
 be due to the increasing age of MT. J
 B. Brewster, who is now in his eightietf
 wear. As this was followed by the hare
 times. the business was gradually TUT to a standstill.
 The officers of the company are
 Joseph c. Smith, president; R. Schuyler
 Tucker. secretary and treasurer.
 flames B. Brewster is director 1T the Fifth National bank.