Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-03
SEEK TO RECOVER
BANKRUPT'S GOODS
Clothing Firm Sold Stock to
Auctioneer Before Receiver
Arrived.

Although. they were indebted to
creditors in the amount of $1,000 and
had stock in the store at 127 Mulberry
street amounting to $4,000, the United
Star Clothing Company, composed OF
Max Rosin, president, and Nathan
Golden, treasurer, disposed of the
stock to New York firm of auction
GERS for 81 ,495.
The creditors. through their attor-
ney, David Bilder, of Bilder 4 Bilder,
filed an involuntary petition in bank
ruptcy against the firm in the United
States Court in Trenton on November
20, and had John Rosenbaum appoint
ed receiver. When Rosenbaum went
to the store of the company to take
charge he found nothing of value but
some old account books which he
promptly seized.
Then came the story of the disposal
of the stock and an examination in
supplementary proceedings before w.
Locke Rockwell, master in chancery,
was started to recover the goods dis
posed of. The proceedings were held
yesterday.
During the cross examination OF
Max Resin, president of the COM
pany, he declared they had disposed
OF the stock to a New York firm of
auctioneers for s1.495. OF this amount
he claimed to have received $637,
while his partner, Nathan Golden, re-
ceived a like amount and David Gold
stein received $500 The balance OF S.
was paid to one Herman Simon, a
justice of the peace who drew the
bill of sale.
Mr.. Rosin declared on cross exam
nation that he and his partner, Ma
than Golden, had u conference with
the New York firm, represented by a
man named Bergen, of Delaney
street. New York, and that at the
time he was in favor of giving the
stock over to their creditors He
claimed he made the remarks to Da-
vid Goldstein. brother-in-lsw of
Golden, and further said he thought
best to call In the creditors and tell
them what they had to offer. He
claimed he told Mr.. Goldstein this the
game day they sold the goods. IT was
crying for them not to sell the stock
before the auctioneer came" he de-
clared.
On cross examination by Attorney
Rilder. Rosin said he had met the
auctioneer at O'Clock In the evening
at saloon on the corner of Broome
and Mercer streets, and after drink
ing he became SO excited through the
urgent requests of his partner and a
Mr.. Baer. of 1870 Belmont avenue that
he finally gave his consent to sell the
stock. "1'hey told me the people will
take it away from you If you don't
sell 1t"
They bargained with the auctioneer
| from 8 o'clock at night until about
o'clock in the morning, when the price
was decided on. II wanted $500 and
| the auctioneer offered $1,000. We
| finally got S1,495
] "At $50 o'clock that morning, No
vember IS, a truck was employed tc
move the goods to New York, and
! Herman Simon, the Justice of tho
peace, was called from his home tc
make out bill of sale. He also re.
! ceived the money from the auctioneel
| and rode to New York on the truck
along with my partner and myself
and several other men. We divided
the money in saloon on Grand street
Judge Simon divided the money
Rosin further declared Baer hat
owed him money and was friend o.
the auctioneer.
Rosin said that all of the witnesses
to the transaction knew that the firm
was indebted for the goods sold to tn,
amount Of about $500. He told o.
debts he had paid with the money aftel
receiving it Another hearing will b,
held before Referee in Bankruptc.
! Edwin G.. Adams in the near future,