New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-27
cOURTED INSOLVENCY
FOR HONESTY'S SAKE
E. r. Naething Kept Promise to
Repay Friends Losses and
Died Shorn of Wealth.
MINING VENTURE HIS RUIN
Will Disposed of" $4,000
Which Was to Go to Wife
and Four Children of the
Former Sportsman.

The once substantial estate ~
Charles Frederick Naething is insol-
vent. Mr.. NaethinC was the head OF
the firm of Naething Brothers. which
owns several restaurants and bakeries.
He died on January 80 at his country
home. lakewood. y. J.. following
long illness from poralytic stroke suf-
fered in Florida
Mr.. Naething's will. filed in the Sur
rogate's Court yesterday. and dated
August 16. 1901, showed that at that
time ne valued his interest in the
Naethng firm at not less than $780,
eOO. The probate petition fled with
he will in behalf of Mrs. Matching. the
testators wife. says OF the value of the
estate. over 81 600. hut the estate ls
insolvent"
The story OF how MIR. Meetings. es-
tate became insolvent is one of COM
mercial integrity and of fair dealing
with friends seldom surpassed IT has
come 10 The Tribune from an unoffl-
cial but seemingly reliable source.
Invited Friends TO Invest.
II was said that Mr.. Naething. who
had numerous interests. became inter-
ested IN mining property which he
believed was promising. He invited
his friends to buy stock in il. guaran-
teeing to refund their money to them
if the investment failed.
The enterprise did not meet the eX-
pectations Of the restaurant man. SO,
true TO his promise, he gave back dol
lar for dollar the cash his friends had
invested. This he did though 1t made
his own estate insolvent. Harry ".
Mack. the attorney who filed the VIII.
refused TO say anything about the af-
fairs Of Mr. Naething.
Mr.. Naething bequeathed all of his
estate TO his wife. Mrs. Mary Louise
Naething, of No. Is Montague street
Brooklyn. and to his four children.
When the will was executed the tesla
tor lived at No. 267 West 12d street
one of the witnesses to tho testament
was Judge Warren w. Foster, of the
Court of General Sessions.
Brother Had Option on Business.
Mr. Naething owned a three-fourths
interest i'm the firm Of Naething Broth
ers according to his will. lie gave 10
his brother. Herman f. NaethinS, his
business partner, the option on this in
terest. STIMULATING that the brother was
IN nav not less than 100000. either in
one cash payment or in annual pay
ments of not less than $4,000 each.
Mr.. Naething's children are Mrs.
Minnie Louise Mcintyre, Of No. go
Riverside Drive; Mrs. Rose Marie
Barnes. of Cedarhurst, Long Island;
John b. Naething, who lives with his
mother. and Foster S. Naethlng' who
lives in Arizona.
In his Younger years the testator was
an oarsman. He also was well known
as a fisherman. his favorite sport peinS
the catching Of tarpOns. lie was
governor of the New York Athletic
Clb and when the Third Avenue Rail
road Company took over the FORTY
second Street. Manhattanville Il 81
Nicholas Railway Company Mr.. Naeth-
ing was secretary and treasurer or the
smaller company.
About year ago Arthur X. NasIn-
ing. another member Of the firm OF
Naething Brothers. committed SUICIDE
AZ his home in White Plains.