The sun. [volume] (New York [N.Y.]) 1833-1916, 1897-10-23
We HITCHCOCK & co. FAIL
IMPORTERS 0F.BLACK DRESS GOODS
-LIABILITIES 4 MILLION.

Preferences for $50. OOO, Mostly Small DEE
pouits with the Firm. Including n SUNDAY
Schools sfoney-A British Creditor Arrived
Hero n Few Days Before the Failure.
w. @. Hitchcock g. Co. importers ofblack dress
goods, grapes. &c, Mt 453 and 455 Broomo street.
made an assignment yesterday to William j.
Curtis Of Sullivan & Cromwell, attorneys, CIV
ing preferences for $50. 775. The house is the
Oldest and best known in this line of business.
and was supposed to DO worth at least $500. 900.
The assignment is tho biggest surprise in tho
dress goods trade in this city for many years.
. Welcome q. Hitchcock, tho senior partner, was
regarded as one OF tho most conservative and
careful merchants in tho city. The firm had all
tho credit 1t wanted. and its paper sold readily
: At a very low rate.
The liabilities are not definitely known, but
are currently stimate at 81. 900, 900. Tho as.
sets are likewise large. The partners are w. @.
Hitchcock, who resides at Scarsdalo; George J.
Geer Of summit, n. j., and A. Howard Hop
ping. Brddstrect's reports say that the house
= was founded In 1918 by Pierre Becar.
The preferences in the assignment, amounting
to $780, IT'S, are all on account OF money deposit
. cd with the firm. There are thirty persons pro-
Z ferrod rs follows: Mrs. Il. NJ. Alkor, S12,7T2;
FLouis F. Pratt, $1o7; Miss Sara A. RossLian.
e3.467; Mrs. Anna Potter Johnson. $s,493;
Mrs. Sara A. Hopping, $40: Clarence l. Willis.
Oo<ot 4. oiEito - hhoo ~"
Many. 81 1880; Mrs. Isabella NJ. Green. $6.55O;
Walter S. spalding, SOB; Mrs. Cornolia
7. leighton. 1895; Mrs. Florence NJ.
Geer $ll:, Miss s. j. Park. 81, 600;
sse; Lsnsdsn Gssfi. SOS; Mrs. sarah NJ: Ham.
s ssSsa;I Ai Shssi S Gseir, -; Albert ssi1' %stho MSSGs sSSS;;
81, 800; Mrs. Ellen Douglas Stcdmnn, S., 9S7;
lenmuei II. Howe, Sass; J. Alfred stromberr'
Mr.. Curtis, the assignee. said that tho liabili.
ties were about equally divided between this
ment was a combination Of circumstances~the
depression in business which has existed during
oo@ Pesi tSnf a ysrF expenses ISssss Oy too S'd he asSy'I f strG ths
volume of business; It was learned that SO far
, tho trade as importers OF grapes, but they were
also o9mmission merchants. handling dress
England. and s. courtauid ( Go. Mr.. Priestiey'
Il Il Is ts said tSF tbat " HF% q. f Il icSeo eGr & e c tsw arc aeiy ars ssG;
indebted to b. Priestly s. Co. and tho arrival OF
may have precipitated tho assignment.
Mr.; Hitchcock married the widow of John
ago, leaving a fortune estimated at $4,000, 900.
Mr.. Hitchcock has been for several years Presi-
, Ssns 0e t ssoS SG Sold K4f ii th EN- Ms cdHimPsMn snu he slso
Ing Company and the Lyons SILK and Tapestry
Company when they were organized i've years
,ago.
OTHER BUSINESS TROUBLES.
NJ. Greenbcrg. jobber in neckwear at 467
Broadway, has closed out by q bill of sale, it is
said, to David Katz. Deputy Sheriff Mulvaney
received n writ of repievin from Ingelheimer.
Middle s. Co. for 1922 worth Of neckwear, but
found very little stock. 1t was said that two
loads of goods were removed on Thursday. and
n marshal had also taken some goods on a re-
plevin.
. The Sheriff has received an attachment against
the Liberty Rubber Shoe Company from Elm
stein & Townsend for $5.7O1 in favor OF Max
Loewenthal and others, doing business as tho
United States Rubber Reclaiming Works. The
claim is on an accepted bill of exchange drawn
by tho North American Rubber Company to the
order OF Joseph w. Emerson. The attachment
was obtained on the ground that it is a foreign
corporation.