The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-03-26
DRY GOODS FIRM
IN RECE|VERSH|P
Creditors Apply for Adjudication
Against Isaac Hirsh & Son,
of Fredericksburg.
FORTY. YEARS IN BUSINESS
Merchants File Schedule Showing
Indebtedness OF $4,000 to
Seventy-Five Creditors.

Creditors OF Isaac Hirsh e. Son. dry
goods and millinery merchants of 924
Main Street. Fredericksburg. made APP
plication yesterday in the United States
District Court for AN adjudication I'm
involuntary bankruptcy against that
firm, alleging several acts Of bank
ruptcy involving DETERMINATIONS in
favor of some creditors over others
The application WAS iled jointly by
the Florence w. Mccarthy Co. and the
r. NJ. sutton Co. OF Baltimore and
the G. & II. Clothing Company. of Fred
ericksburg. holding claims amounting
TO sS16.27.
II is charged by these that on De
cember ~. 1912. Isaac Hirsh & Son,
being at that time insolvent paid TO
Perlherg & Cooper. OF Philadelphia
the sum of SIS. The act, it is alleged
constituted n transfer OF n portion of
their property to one OF their creditors
with intent to prefer such creditors
over others. Payments were also made
II is charged. on December % to Ipp q,
kwint. New York, s25. and on Decem-
Der "a to j. Jonasson &. Co, New York.
S35.55.
Ask for Receiver.
The firm Of Isaac llirsh & Son, the
petitioners charge. owes Approximately
$4,000. and has assets OF only $4,000.
The court Is therefore asked to APP
point receiver to carry on the bust
ness for the benefit OF the creditors
until settlement Of some kind Is
reached. 1t ia set forth that unless the
business is kept going a patronage Of
forty years standing viii be dispersed
much TO the loss Of the creditors
Attorneys for the alleged bankrupts
Med & petition asking for :. stay of
adjudication on the strength Of AN
ofer they have made TO their creditors
To settle "!th them on the basis OF 20
cents on the dollar in cash The com
promise is "a id To be pcudiup
In compliance with IN. actions
noted. Judge Edmund Waddill. jr., Of
the United states District Court en-
tered an order appointing G. +. card
bankruptcy. 10 hear the claims of cred
ltors aud bankrupts at a meeting TO be
held in fredericksburg on dag to he
fixed by the referee. Another order
appoSnted Joseph NJ Goldsmith. OF
Fredericksburg. receiver tor Isaac
liirsh * Son. directing him TO comduc,
The business until the matter is adj
Indicated. The firshes are cited TO
appear in court in Richmond on Aprii
!. 10 answer To tho petition fled
against them
Iiirshcr Fiic Schedule.
With their petitiou for stay of ad-
judicatiou Isaac and Maurice Hirsh.
the partners constituting the firm
against which the action IL brought
cled schedules. setting forth their
partnership ana individual liabilities
and assets. From their statement II
appears that the firm owes to seventy
five creditors in New York Philadcl-
nhia. Baltimore. Richmond. Fredericks-
burg and other cities. the sum of SIP
3a2.sc. The combined assets are stated
to b. little more than $1,000
Creditors holding claims ia excess
OF slo0 are In lSaltimore---Armstr
Gator & Co. S3s7aa, Baltimore Bar
gain House. sll3.s4; Dowcll, Helm s,
Co. Sl.101.S2; Iohn l.. Hurst X Co.
si3S. %; n W. Mccarthy & CO. S2Ol 10
snow. Mecaslin y Co. S53ssl: Il. VI.
sutton * Co. 1901 Il. and - :. Wal
lerstein S3la.o9. In New York-Pic-
turial Review Company. Sl6l 50. Stratus.
.tdler &. Co. $33s36 Saler & Hersho-
wiz. $li6.25. and II WcnweF & Sons.
si62.2J. other creditors are: Perl
berg & Cooper. philadelphia, s21s %;
Philadelphia Milling COMPANY, S10s26.
Cleveland Knitting Mills. Cleveland.
Ohio sl03.75 Eaker & Wallace, Fred
ericksburg. $ilA.57; g. & H. Clothing
Compan% Fredericksbu $ll3.40;
Farmers &; Merchants State Bank.
fredericksburg. note indorscd rs
David Hirsh $500, and Minnie w Hirsh.
ON demand note representing money
advanced. S3.279.75.