The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1896-10-01
PARTICULARS OF THE EMBAR-
RASSMENT OF WOLF &
BRO, DRY GOODS.
ATTACHMENTS AGGREGATE 100000
Pushed by Eastern Creditors-They
Were Liberal and Public
Spirited Men.

Little Rock, Ark, Sept. 27.-The an
nouncement this morning of the failure
late last night of the big wholesale dry
goods firm of Wolf & Bro. created a
sensation with the general public and the
street in front of the establishment has
been thronged all day with people who
have curiously scanned the notices of
attachments nailed TO the doors. These
notices also adorn the front doors Of sew
eral other big business houses, the build
| ings being the property of the Messrs.
Wolf 4 Bro. Additional attachments
were run today, which brings the aggre-
gate up to about 100000. While the
failure was n great surprise to the gen.
eral public, it was not unexpected by
well posted business men, who have
known for several weeks that the con-
cern was in tottering condition.
The firm of Wolf & Bro. was composed
of Isaac and Joseph Wolf and was the
only exclusive wholesale dry goods house
in the state. The business was estab-
lished soon after the war and had sue
cessful career until the hard times came.
They were liberal in extending credit and
liberal in promoting public enterprise,
they having been identified with almost
every public enterprise in Little Rock.
The Messrs. Wolf have made an heroic
struggle to tide over their difficulties.
Each carried large insurance policies,
many of which have recently been turned
into cash and the money paid to their
creditors Mortgages have been placed
tI,As,, I., tntA hnII I,,.n. .,.
cluding their homes, and this money has
also gone to their creditors The fail
ure was caused by the absolute inability
to meet maturing obligations. The firm
had plenty of assets, but owing to the
present financial conditions could not re-
alize on any of them. Eastern creditors
demanded their money and refused to
grant extensions, despite the fact that
the firm had paid to eastern creditors
within the last four months upward Of
$4,000 One firm in particular, whose
claim amounted to about $4,000, was
especially persistent in its demands.
The principal attachments and the or
der in which they were run are as fol-
lows:
Helen Loeb, S41,419 NJ. Il. Quinn,
$76S3; Nanette Reutlinger, 5000; Fran
els Jordan, $4,000; Jacob Wolf, $4,000;
Gladys Lowenstein, $500; Rosa Lowen-
stem, HOZOO; caroline Bartn, SOUO; Pn0e-
ma Pisao, $500; Ben Nahn, $500: Jo-
seph Schomberg & Co, $4,000; j. ID.
Goldman. S5G9;; w. B. Worthen & Co.,
agents, $1,000; w. B. Worthen Il Co.,
agents, $4,000; w. B. Worthen & Co..
$2903; German National bank, $27, ,460;
II. A. Little, $S904; A. Barrett & Co.,
$40, ,53G; Citizens bank, $4,000; s. II.
McNutt, $1,000; Hamilton-Brown Shoe
company, S6OO.
The firms assets, including stock good
accounts, equities in real estate, stocks,
securities, etc. are estimated at about
$500,000, which, it is claimed, would, un-
der ordinary circumstances and in ordi-
nary times. be valued at least so per
cent higher. In addition to the building
occupied by Wolf & Bro at Third and
Main, they owned the building occupied
by the Arkansas Carpet and Furniture
company, fifty feet Of the building occu-
pied by Joe L. Quinn Dry Goods COM
pany and the granite front building on
Main street occupied by Charles T. Abels
& Co. and w. s. Hutt
Wolf & Bro. were interested in the
Joe. p. Quinn Dry Goods company, as
they were also in many other corpora
! tions about Little Rock, but it is claimed
their present difficulties will not inter-
fere with tine business of the corpora
| tinna