New-York tribune., 1896-09-01
THE MYERS JEWELRY FAILURE.
JUSTICE PRYOR DECIDES THAT THE RECEIVER
SHOULD DISPOSE OF THE coMPANY's STOCK.

JUSTICE PRYOR DECIDES THAT THE RECEl' Elk
SHOULD DISPOSE OF THE coMPANYs STOCK.
Justice Pryor in Special Term. Part |. OF the
Supreme Court yesterday handed down decision
that Louis Clark, jr.. as receiver. was IN iesai
charge OF all the assets Of the jewery firm OF . +.
Myers & Co.. of Nos. 4S and 30 Maiden Lane "hich
failed about two weeks ago. There was ques-
rion n. to whether the Sheriff or the receiver. who
was appointed by Justice Stover. should have pos
session and power to dispose Of the stock OF the
company
The right to the possession hinged on the ac-
curacy Of one OF two clocks, as the Sheriff took
9 IN ne he oung cerk ONCE at I'VE
minutes after noon of the same day Justice Pryor %
the appointment Of the. receiver was made be.
when an order is made for the appointment Of
receiver for any particular property II amounts
such so property and y when the receiver is subse-
quently appointed the title to sucn properly vests
effect as il such receiver was named in and was
appointed by such order.
der was passed by Mr. Justice Slower before the
attachment by the Sheriff
OTHER LOCAL BUSINESS COMPLICATIONS
La Mazda Brother & P. Andreoll. Italian bank
ers at Nos l24 Mulberry-st.. 2.2l4 First-ave. and
s7s South Eighth-st., Philadelphia. and La Mazda
Brothers e. Co., dealers in jewelry at the same
places made assignment yesterday to John
NJ Gardner The partners In the banking firm
Carlos La MAZDA Louis La Mazda and Pietro
Andreoli. and in the jewelry firm Carlos and Louis
La Mazda only. The latter two have been in the
iewelry business since 1885, and in the banking and
exchange line since 1885, Mr.. Andreoli became a
partner In the banking business N 1890. and was
a director of the State Bank on Grand-st. up to
this spring. Carlos La Mazda has been regarded
as a leader Of the Italian colony in Harlem. He
owns six tenement-houses with stores at Nos. Sls
,oto pdard n Ar hist nd
22l2 to 2,2ls First-ave. all OF which he turned over
to the firm Of La Mazda Brothers e. p. Andreol
to secure the depositors In their banking business
The depositors also preferred In the assign
ment "Bradstreets" took away the rating Of both
firms last May. Henry NJ. Heyman their attorney
said that all the depositors would surely be paid
In FULL as the liabilities were probably $4,000 to
$4,000 while the assets are largely in Of
that amount He added that Carlos La Mazda had
done an honorable act In turning over all his in
dicidual property to the nrm to protect the cred
itors who had deposited their money with the firm.
The assignment was the result OF inability to OBJ
tain further bank accommodations or to raise
money by mortgage on the real estate, on account
Of the financial stringency.
Ezekiel M. and Horace F. Pritchard. composing
the firm Of f. NJ. P-itchard Son, who lave
moding mill. sash and trim business at the south
west corner Of MISUNDERSTANDING -eghth-st.
William r. Estabrook without preference. The
senior partner has been in this business many
years, and his son became a partner In November,
1890 Hildreth & Markuske. their attorneys. said
that the failure the result Of bad business.
heavy losses on book accounts and inability to
make collections. The liabilities $376H. OF
which S5Oll is secured by chatte mortgage on the
plant nominal 1880 and the actual assets,
$I3 2SS
Deputy Sheriff Lipsky has received an attachment
for 5535 against Mrs. Margaret A. Hunter, In
favor Of Winant Co.. which was served on two
eS Mna h co. ere 70 s s9
she guaranteed the payment of their claim against
the Paterson SILK Company. and as they were only
able to collect about $500 from the company they de-
manded the balance from her.. They expected pay
ment when she sold some real estate. but they al
iese that she transferred all her her real estate on
formed that she went to Albuquerque; N. NJ.
Tobias Korn manufacturer Of cloaks and suits.
at No 295 Church-st, is reported to be In financial
dificulties and creditors were trying yesterday 10
protect their claims. Most Of the stock has been
removed. Herman Joseph, representing one of
the largest creditors, obtained bill Of sale from
Mr. Korn a few days ago. At Mr.. Josephs office
II was said that when his went Mr..
Korn's place OF business yesterday to get the
goods covered by the bill Of sale, they found that
most of the property had been removed in the
morning. Mr. Korn has been in business for sew
eral years. and succeeded Tobias Korn & Haber on
December 10. 1895. His liabilities are reported to be
at least 10000