New-York tribune., 1896-09-29
TT Is WANAMAKER'S NOW.

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THE PHILADELPHIA MERCHANT BUYS
OUT HILTON, HUGHES & co.
An. REAL ESTATE USED BY THE FIRM THE
STABLE AT NO. ieo WEST TENTH-ST.. THE
o1TFIT FOR THE DELIVERY SERVICE
AND THE MERCHANDISE INCLUDED
IN THE PURCHAsE-THE PRICE
SAID TO RE si.5cocoo.
One Of the largest transactions in the history Of
.o,-,uent stores the purchase yesterday
49,. Iohn Uanamaker of the entire business of the
e-,, q, Hilton Hughes & Co. at Broadway and
.ror,b-s, The transaction was made between
~. U-onamaker and ex-Judge Horace Russell.
u.,O ronresented George NJ. Wright. the assignee
80 ,,,,,on Hughes e. Co. The consideration was
.,,a,v confidential hut reports yesterday put
o,,ount at Sl5OOOOO. Mr.. Wanamaker's
.hoso covers the entire real estate used by the
t.oss ~ tho original Arm Of A. T. Stewart &
- ,ro,,dins the store. which occupies solid
,,..,,. ,ho s,.hle AZ No 100 West Tenth-st; the
IS, =, ,ho delivery service. and all the mer-
chardise.
,rA h,,s,rsss will he conducted under the name
-. ~, voramaker The same methods will be
-,o,.oa which have made the Philadelphia store
:. ,h xyorauaker famous. Robert c. Ogden.
,,or ~ the firm of John Wanamaker e. Co..
=. phuodelnhia will have charge OF the New
vo-t bonse Mr. Ogden was in the office of his
hro,ber a. ogden & Brooks's drygoods mer-
.har,s IN No 526 Broadway. yesterday He
said regarding the arrangement for the opening
., tho Uanamaker store In New-York
"pranarations will be pushed with all dispatch
.o,s,stont with the construction Of perfectly
orSanized system and thoroughly complete
stock Of high-class merchandise 1t is expected
,ba, this enterprise will involve decided advan-
tsees 10 the shopping communities Of both Phila
dolnhia and New York. as the increased purchas-
,,s mower thus created will be powerful in the
markets Of the world. and Will create larger ia
ciljfjes in assembling the choicest merchandise.
and will secure the lowest possible prices
Mr.. ogden added that the opening of the store
means employment for about 1000 people. He
could not say definitely when the doors will he
thrown open TO the public. 1t was said however.
that every effort Will be made to begin business
In time for the holiday trade. about three weeks
from now.
The transaction by which the firm Of John
Wanamaker obtained possession Of the Hilton.
Hughes & Co. store took place in the office of ex
Judge Russell. in the Stewart Building, at Broad
way and Chambers-st, on last Saturday night.
Mr. Wanamaker came alone from Philadelphia,
and was the representative Of his side Of the
transaction. There a number OF people in
Mr. Russels office including representatives Of
the largest creditors of Hilton. Hughes & Co. Mr..
Russell acted as the representative of the
signee
FOR THE BUILDING AND STOCK
II was arranged that the lump sum offered by
Mr. Wanamaker should be received as payment
in full for the building and stock. Whatever
difference. If any. remained due to creditors Of
Hilton. Hughes & Co for goods, it was agreed
should be left for adjustment with ex-Judge
Hilton. who recently announced that he would
see that all creditors received 100 cents on the
dollar.
From the last statement made to Bradstreet's
Commercial Agency by Colonel Hilton. it was
shown that there was more than 100000 stock
In hand inventoried at cost This report was
issued last March. and following that ex-Judge
Hilton advanced money In payment of mer-
chandse liabilities. reducing them TO 100000
The ground on which the store stands belongs
to the Sailors Snug HarbOr. and Mr.. Stewart
secured a lease of il for ninety nine years from
lN61 The store cost more than SlWOOO0. Ac-
COrding to the terms OF the transaction made De-
tween Mr. Wanamaker and Mr.. Russell. lease
Of the ground from the Sailors Snug Harbor for
fourteen years is turned over to the Wanamaker
firm with the privilege Of a renewal for twenty
one years. ana otner privileges after the expra-
tion Of that time making the term Of the lease
practically unlimited.
When ex-Judge Russell seen at his office
last evening he said that ne understood that the
claims Of all the creditors of Hilton Hughes d
Co would he paid in full. Payment, he added
would be made out Of that part of Mr.. wanna
makers purchase price which was applied to the
merchandise and whatever sum. If any. re
nained as still due to creditors would be pald
70 them by eX-Judge Hilton, according 10 the
latter's statement. BY this arrangement. John
Wanamaker secured clear title to all the STOCK,
fixtures and so forth belonging 10 the business
,f tho other firm and the store will be opened
free from all claims now under adJudcdtOn De-
tween the assignee and creditors
The assignee had already sold one-half OF the
horses used in the delivery service OF Hilton,
HUGHES e. Co. but the Wanamaker firm has OBJ
tained possession of the rest. including all the
delivery wagons Everything else pertaining 70
the establishment is now owned by the new man
apement which Will Immediately enter upon the
occupancy Of the premises. ,,,,,, III,
THAT man Wanamaker, in Philadelphia, VIII
he IN. greatest merchant in the world, Is what
A. T. Stewart said OF the Phlladelphiaii vars
600 when ne little thought that the great Stew
ar. establishment the wonder OF the times,
would one day pass into the hands OF the mer.
chant whom he cOmplimented IL was Pehelal
Grant who said Of Mr.. Wanamaker that he
would make a magnificent quar'erhlas'cre gen
eral Of army
MIR WANAMAKERS CAREER.
John Wanamaker rose from the bottom OF the
ladder Fe began as brickaYers SON.
entered the mercantile business as clerk al
81 % a week. saved $1,000 before he attained