The San Francisco call., 1896-01-18
ATTACHED ON BIG NOTES,
George Greenzweig & Co.,,
Wholesale jewelers., Fail
to Meet Debts.
IN THE HANDS OF THE SHERIFF.
Greenzweig Borrowed Large Sums of
Money and Then Left for
the East.
IN THE HANDS OF THE SHERIFF.

The firm of George Greenzweig & Co.,
wholesale jewellers, at and Sutter street,
was attached yesterday on claims agsre-
eating $50, ,638. Greenzweig himself was
III New York, and as his representative
here would not discuss the attachments it
could not be positively learned whether
the incident would be followed by failure.
The "Co." in the firm name was merely
nominal, $ GreenZweig had no partner.
The only one here yesterday who seemed
to understand the affairs was bookkeeper,
who declined to make any statement re-
gardIng the standing of the house in his
employers absense.
1t was only too easily seen, however,
from the nature of the attachments that
Greenzweig was in financial difficulties,
since in each case the indebtedness sought
to be protected by process of law was for
borrowed money. Since the first OF the
year GreenZweig gave his note for large
sums; the balance was of long standing.
To recover them two suits were COM
menced by Reinstein & Eisner yesterday,
one for H. w. Neubauer, the other suit for
r. r. Fogel & Co. of New York. The suit
of Neubauer represents $4,000 loaned by
H W. Neubauer & Co. January u, 1892,
with interest at the rate of per cent.
None of the principal nor interest has been
paid. Neubauer is also acting in this suit
as the assignee of Schwa bacher Bros. d
Co., who held George Greenzweig 81 Co. s
notes for the following amounts: $4,000
borrowed April 10, 1895, with interest at
per cent; $4,000 borrowed April Is, 1895,
with interest at per cent, and $4,000 bor-
rowed April Ii, 1895, with interest at per
cent. Neubauer is also the assignee of w.
haIl fOr h1,
rowed January 7, 1896, with interest at
per cent. Also claims of the Bank of Cali
fornia representing $4,000 loaned Greenz-
weig on promlssory notes, one January 7,
| 1896, for $500, and another executed jan
uary 8, 1896, for $500, both at I per cent.
| The suit OF Fogel & Co. is for $7658 80, a
promIssory note executed by GreenZwelg
, January 8, 1896.
Attachments were levied upon the stock
in the store on Sutter street. upon GreenZ-
weig's home, 1922 California street, and
upon some lots in outside lands of little
value. The store was closed Immediately
the Sheriff entered into possession, but an
estimate of the value of the stock Will be
made to-day, and at the same time Rein
stein 6J Eisner will begin an investigation
of the assets and liabilities of the house.
1t was believed by the attorneys that there
were other creditors who would press
claims against the firm, but little or moth
ing could be done until insolvency pro-
ceedings were begun.
1t was supposed that Greenzweig was in
New York. but no definite information on
his whereabouts could be obtained. At
the Bradstreet Commercial Agency it was
learned that GreenZweig had maintained a
good reputation in the business commu
nifty and more particularly among whole
sale jewelry houses, for having paid his
debts promptly. The only reason that
could be advanced for his failure to meet
his notes was the depression in the Jew
elry business, which for some time past
has suffered keenly and felt the effect OF
dull times perhaps more directly than
other branches of trade.