Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-30
RECEIVERS FOR SIX
S|EGEL CONCERNS
Continued from First Page,


ward speedy reorganization and re-
sumption of business of the several
concerns"
The Siegel Stores Corporation was
incorporated in Delaware in 1909.
Henry Siegel is president and has
been active manager of the stores
The gross business of the corpora
ton has been about 100000 annu-
ally. The Vogel referred to in the
statement of counsel is Frank A.
Vogel, of this city. who was associat-
ed with Siegel in the banking and
wholesale end of the business
The petition filed by the Siegel
stores corporation also states that
Siegel, Cooper & Co., of Chicago, is
not party defendant The petition
declares that the various defendants
would be called upon soon to meet
heavy obligations and that creditors
were pressing them, and that a re-
Ownership is asked for to save the
various companies from sheriff S
sales and similar summary proceed
ings which would prevent them from
continuing the business.
Corporation Acquired Properties.
The Siegel stores corporation, which
has brought the action against the
Simpson Crawford Company, the
Fourteenth street stores, the Mer-
chants Express Company Henry
Siegel and Frank Z. Nogel, doing a
wholesale and banking business in
the name of Henry Siegel & Co." ac-
CURED all the properties indicated as
well as the entire stock of Siegel-
Cooper & Co of Chicago and the
Simpson Realty Company, New
York corporation. The capital stock
of the Siegel stores corporation is
$685.. 300, common, and 100000 pre-
ferred. The officers are Henry Siegel.
president; II. Il. Vogel. president
and treasurer; Robert j. McMeelkin,
secretary: directors, Henry Siegel, F.
e. Vogel. Max Pam, J. r. Butler,
Joseph Beach, W. j. Maloney and
Isaac Klein.
The Greenhut Siegel ooper Com
pany, department store In New
York city, is not involved in the re-
ownership. Joseph 3. Greenhut is as
ISOLATED with one Jerome Siegel and
c. A. Cooper and not with Henry
Siegel.
BOSTON, Dec. so.-Ancillary re-
ceivers were appointed in the United
States District Court today for six
corporations in which Henry Siegel, of
New York, is a large owner, on the
petition of the Siegel Stores Corpora
ton.
The proceedings here followed the
appointment in New York of William
A, Marble and John S. Sheppard, jr.,
as receivers for Simpson Crawford
Co. and the Fourteenth Street Store,
New York; Henry Siegel Company,
Boston; Henry Siegel & Co., Chicago,
and the Merchants Express Company,
New York. At the same time Henry
Melville was appointed receiver of
Henry Siegel & Co, bankers, New
York. Each receiver furnished a bond
of $4,000. Messrs. Marble and Shep-
pard were named as ancillary re-
ceivers here today, under bonds of
$4,000 each.
The proceedings are described as
friendly.
The Siegel Stores Corporation, of
New York, the petitioning creditor,
alleges in the petition filed here that
the Henry Siegel Company is unable
either to meet its obligations or to
obtain credit to carry on it's business.
The petitioning corporation declares
that Simpson Crawford Company
OW60 IL pOOtOVu lHc Jul lSthlh oliCSb
Store owes it $350.000, and the Henry
Siegel Company. 100000. No further
statement of assets or liabilities of
any of the concerns is available here.
The Henry Siegel Company, of Bos-
ton, and Simpson Crawford Company
and THE Fourteenth Street Store,
OF New York, are retail department
stores. Henry Siegel and Company,
of Chicago, is the buying agent and
the Merchants Express Company Is
the organization that moves the
goods handled by the different stores
The Simpson Crawford Company
is capitalized at s1,400,000, and THE
Fourteenth Street Store" and Henry
Siegel Company, of Boston, are cap
italized at $1,000,000 each.
The local store was opened about
nine years ago.
George r. Nutter, one of the attor-
neys for the petitioners, stated that
neither Mr.. Marble nor Mr.. Sheppard
has ever had any connection with any
of the concerns involved.
''This proceeding" said Mr.. Nutter,
was brought for the purpose of CON-
serving the assets of all the different
corporations with view to prompt
reorganization of the business. Such
q reorganization will be carried for
ward to as speedy a conclusion as
possible"
According to counsel. from $4,000, 900
to $4,000, 900 is involved The liabili-
ties of the store here are estimated
between 81 100000 and 81 200 600