New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-09-10
CHA RLES A. GERLACH FAILS
LIES PETITION ~ BANKRUPTCY GIVING
HIS LIABILITIES AS s9s1 ~

'harles a. Gerlach. the former owner Of tho Ger
'ac" Hotel IN West Twenty-seventh-st. through
MS counsel. George ". Carr Of No ~ Wall-.t .
yesterday afternoon fled a petition I'm bankruptcy
uhuer the new Federal statute in the clerks oftce
Va the United States District Court ia the petition
says mat he ewes money Ia various persons
''a' ne Is unable to pay his debts in full and
at IL Is willing TO surrender all his estate prop
H ana enects Tor the benefit Of his creditors;
''IeIeIore ne wishes to be declared a bankrupt.
-n'. ner'ach gives his address At tho hotel His
sCheduies show total nominal liabilities Of s96l.
'''' OF which $s72N73 classified as secured and
H'"'o'4 as unsecured lie has 70 assets no saye eX-
cep' I'VE SHARES Of stock in the C;erlach Hotel Com
P""'' VI "hich he is president and manager. having
SIVch bill OF sale II all hs personal property and
any PoSs'p'e equity N bonds to his wife. Netlie A.
Ger;ach on February -. 1884, Most of the secured
NJ cr ore hoiderS OF mortgage bonds made by
rn 'ach several years ago to the Knickerbocker
5000 noSher trust Company as trustee Of The
so III '"H th'd torigage bonds aggregate $%s:.
"i' me largest secured creditors are tho trustees
m ome fea1ody Education Fund. to whom Si;,-..,35
the hotel property 10 secure a loan of $50 njl'
f me NOR gage was 1recosed, and he amount
are principally 20 supplies and warcs ''''''
81 ,tr'acn made a general assignment In june
hgtel for The ass.-nec. on May las: Ne incor-
III e,oct t"e ''SraGh fotel company. Win cap,
panagsr The company owns the tide to inc
Ger,ach property. subject 70 three mortgages
SfUOvNn. @ ~
George W. Carr is the attorney for Mr. Gerlach
OTHER LOCAL BUSINESS COMPLICATIONS
Depuiy-Sl oriff Radley yesterday levied upon the
STOCK ot S''c x Stem. wholesale dealers ia chi'-
dreh clothing. al No. Cdi Broadway. on writs Of
rep'evn 40 favor Of the following creditors Les1or
htman X Co, N,tia; lieury Lewis & Co. s75l .
II. Hah.o X Co.. Sl@4s. Mendelssohn & 60. sl.as-
haCon Co.. %-i. II. Herman StorrbACh d GO .
wise lAberman Levy & Co. $l.li3. DeVoe & Peck
ST. ana the II. Il. ClaHn Company t702 The
ShoTih removed nearly all OF tie stock Tho e>e-
tuton was rrccipi,atod hy 4 rumor winch WIS
circulated few days ago. ana two creditors takn;
out wrS of repevin caused other creditors to rush
in 20 get back the goods which they had sold 10
me Hrir. The firm on Wednesday Informed some
Cl us creditors that II had assets OF $1,000 In stock
ana So-"" IN outstanding accounts ana mat the
ia pllltles would not exceed S5.V10 They also had
real estate was transferred. When asked about
ms Yesterday They said they did q 10 raise moroy
EsseX-si. to Isaac Blumberg for $500 and Samuel
Stern conveyed NO 81 Shcrif-st. TO Annie solomon
for $2loe. subject 10 mortgage OF N5"0. The
members OF the firm said yesterday that the action
they did not know what they could do in the way
or q settlement.
judgment for ssn Was obtained here Yesterday
against the Lakewood Hotel and Land Company
Of Lakewood. Chautauqus County. y. !. in favor
OF the Western E.ectric company on a note
Deputy-sherin Sullivan has received attach
nont against Henry * Bush Brown. Of Newburg.
ringo. and II served bank mere 10 attach