The evening world., 1909-02-24
FORTUNE GONE
IN STOCK SLUMP
KILLS HIMSELF
Herman Abeles Hears Over
Phone that His All Had
Melted Away.
BODY FOUND IN LOFT.
Forced Out of Business with
Brother Because He Al
ways Specialized,

His fortune swept away by the slump
in stocks, Herman 8. Abeles, ffty-four
years old, OF No. sA West End avenue.
where he made his home with his sister,
Mrs. Levy. shot and killed himself some
time last night in the loft at No. III
/ Green street, where his brothers, Morris
B. and Edward Abeles. conduct a wom-
ems and misses hat factory.
The last seen or heard Of the ruined
Spectator was shortly before o'clock
Yesterday afternoon, when from the
business ONCE OF his brothers he called
up his broker and asked the condition
Of the market, Following the brokers
reply Abeles dropped the telephone re.
ceiver and burying his face IN his
hands, cried out: MY God. l have
been wiped OUT
Then he left the Office and nothing
was heard OF him until one Of the EN-.
ployees OF the factory found the body
. III tUe lOlt lHlo HlOl ~ nv ~ "
lying nearby told the tale. There were
two bullet wounds in the roof OF the
mouth.
For many years Abeles was In bust
ness with his brother, d. c. Abeles. at
st. Cloud, MINI. He was Spectator
ever, and this led to differences with
his brother and he sold out his interest
In the firm and came to New York,
where two more brothers had succeeded
10 the business Of Joseph Schwartz &
years ago.
Worried All Day.
Herman Abeles was a frequent visitor
to the offices of his brothers here, and
he often approached them upon the sub
ject OF buying an interest In their busi'
ness. Knowing his fondness for the
stock market, in which he continued &c
operate freely after coming here. they
Invariably declined his propositions.
Abeles spent the better part OF yester.
day at his brothers place OF bushes,
and at frequent intervals called up Mr.
Atkins, his broker. He was much wor
red when he learned that certain stocks
had broken and turning to Miss Annl
Cohen, secretary to his brothers. he sal,
that he was carrying $50 shares OF New
York Central stock, as well as big block
OF other stocks, and unless the marke
picked up he would have trouble In pro
} tectlng his deals.
His ANAL call was made shortly befor,
the market closed for the day and thel
II was that he arose and slowly walked
from the room.
Just how Abeles gained access t
the loft again after his departure at
o'clock Is still shrouded In mystery
No one saw him return, and the EN-
ployee who locked UP the place las
night declared this morning he hat
made the customary rounds anc
no one was In that part OF the buildin,
but himself
Left Farewell Letters.
This man was Michael Sellers. II,
: was the first to arrive this mornin.
\ and In consequence found the body o
Q Abeles. The old man was crouched |,
' a corner his head bowed upon hi.
, breast, and within foot of the bod,
e was the pistol, Two chambers Of tn,
] revolver contained empty shells ali,
I the other three had not been exploded
Sellers at once notified policeman
: who began search Of the office, think
r Ing that the old man might have left
/ letter which might throw some light Of
the tragedy.
His surmlse was correct. for on on
: OF the desks OF the private office wer
! three letters. all sealed and stamped
!, One was addressed to Abeles sister
Mrs. Levy, another to NJ. B. Abeles
= and the third to his brother, d.
Abeles, at st. Cloud As the letter
wero stamped, neither the policeman
nor Coroner Dooley, who arrived a lIttl
later, would break their seals.
l The body OF Abeles was removed t
, the home Of his sister, in West Ent
avenue Neither Mrs. Levy nor NJ. q
Abeles would dlvulge the contents o
, the letters their brother had writer
them Just prior to killing himself.