New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-28
TRADrSNEy IN FINANCIAL TROrBLE.
A NUMBER OF WELL, KNOWN FIRMS IN Diff
CUTTER AFTER THE HOLIDAY BUSINESS

NUMBER OF wEIL.KNOwN FIRMS ~ Diff
CUTTER AFTER THE HOLIDAY BUSINESS
Schsrles Bros. dealers IN toys at No. 20 West
Twenty-third-st. and one OF the Oldest retail hrms
In this line OF business. have become financially
cr:harrnfsed and yesterday gave oil Of sale OF
Tie stock &c Alfred J. Fisher 10 secure money 10
;he amount OF $4,000. which he lent TO the nrm
The brothers haze been Ia business since 1886 and
carried a large stock OF goods. but have had no
capital rating at "Bradstreets' for several years
In Iuiy ,saS the store wns burned with an alleged
loss OF $1,000 10 5000 and Insurance $1,000 The
partners nre Philip ard Max y. schar,es. Their
attorneys said that the arm rad beer under a
heavy strain OF a bis rent ard largo running cx-
penses for several years and found It impossible
10 stand up any longer against It. The partners ex-
pec,ed 10 pull through this holiday season II
they got enough cash from sales TO pay their most
pressing creditors instead the holiday trade was
. great disappointment and their sales were small.
The Liabilities are about twC,). OK which 5000
Is ,or merchandise and $1,000 for borrowed money.
The nominal assets about 10000. consisting OF
stock IS 90 and outstanding accounts sou.
The store Of Henry y. Casperfeld. doing business
as Caslcrfeli & Co. dealers In Jeweiry At No IA
nowcry was closed all day yesterday. Several
representatives o. creditors called thcro but could
no, get In. and two bank collectors also lowered
about tho door with drafts and notes to collect.
bu, were also unsuccessful. a deputy sheriff made
a Visit to tho store with two executions IN favor
o, the Merchants Exchange National Bank for
over 100. but could not get IN. IL was reported
that Mr Cleveland rad given chattel mortgage
on the fixtures TO Samuel Casperfeld for $500
Several suits are pending against Mr.. Casperfe.d
on notes 10 has been In business for twenty
years ard formerly had Il large trade. year ago
last August he made an assignment 10 Morris j.
Uirach with total liabilities OF fjJls-l and assets
Teiss5 ITS failure was brought about by the
failure OF s +. Myers * Co. through which he
Have Loaf
ments Mr. Casperfeld undertook to pay every OBJ
legation in full. and paid OF a large part OF his
liabilities. bu, the holiday trade did not come UP
10 his expectations.
The Royal shoe Company. at No. 30 Yves. Ono
huntred-a nd twenty hfth-st. made an assignment
yesterday afternoon 10 Leo Levy. Of Erdman. Levy
G Mayer Dcputy-sherin Butler had gone to the
store carly Yesterday with two wrlts OF replevn
from Abraham Jcse:h for ST. worth OF shoes
and made levy OF the stock. The Liabilities
5000 and the nominal assets 10000 I; Is tn ought
that some settlement will Re speedily offered to
tho creditors. The company was incorporated last
January. in thI, State. with capital stock Of
tDpnr
Hugo Rosenstcin manufacturer and dealer In
picture frames and artists materials. at No. p7
SlXth-ave.. made mn assignment yesterday TO Isaiah
G. Koaenthal. giving seven preferences asgresat-
90 and the nominal assets 5000.
9saSes Of Ia"~f ab founf nyes noS Df No.
sets, 800: actual assets $ilSo5' OF which ss3e'
s, 60 Tho assets consist Of real estate at Har.
rlson y. J.. and Sioux city. Iowa, stocks and
bonds OF various railroad aud manufacturing com.
panics and no;es. Many OF the stocks and bonds
ire worthless or OF no negotiable value. and the
good ones pledged for loans. The principal Sc
cured creditors are the Chatham National Bank
81 So: Henry l.. Young. 1880 Robert G.. Dun !
sLh7i0; Mrs. katherine Spencer Leavltt. Morris |
Park $500 and the Richmond Equipment and &c. |
curity Company, N2ItS
Jus ice Truax Of the Supreme Court has APP
pointed stephen -. Brasde receiver for the part. |
ncrship carried the American Cloak and |
Suit Company, at No 81 East Tweifth-st in n !
suit brought for the dissolution of the partner.
shin. Three men formed the partnership on Juno |
2. last with 5000 capital to conduct mall order |
business but two OF the par tners became dlssat-
isicd with the nagement OF the third.