The sun. [volume] (New York [N.Y.]) 1833-1916, 1913-12-31
CHICAGO END FREE
Gretnhut Corporation Here
Is Wholly UncOnnected
With Action.
LIABILITIES ARE S7.5OO.OO
OF That Amount S2.5OO.OOO Is
Due $4,000 DepOsitOrs in
Private Banks.

Failure to obtain sufficient banking
accommodations for immediate pressing
obligations resulted yesterday in
friendly suit in bankruptcy against all eS-
cent one OF the business enterprises Of
Henry SiegeI in New York city andN
against one in Boston.
On the application of the Siegel stores
Corporation. n holding company. OF which
Mr.. Siegel is president. Judge HouGh In
the United States District Court appointed
william 4. Marble president Of the Mer-
chants Association. and John A. Shep-
pard. Jr.. receivers for the following
The Fourteenth Street store.
Simpson Crawford Company
Henry Siegei & Co. wholesale.
The Merchants Express Company.
Judge Hough also appointed Henry
Melville receiver for Henry Siegel 4 Co.
bankers. The bank is owned by Henry
Sieeel and Frank II. Nogel. copartners'
In Boston Judge Dodge OF the United
States District Cour. appointed Messrs'
Marble and Sheppard ancillary receivers
in Massachusetts FOR the Henry siege'
,,oppany. owners OF - department store
III that city.
Tho siesel Cooper Company of Chicago.
which is a highly prosperous concern with
the same ownership, was not affected by
th. action.
Grcenhut Concern Not inHOiHeu'
S,rorg emphasis is placed on the taci
nat the ,ireenhut- Siegel Cooper Company
,s neither directly nor indirectly con-
cerned In the action in the remotest ue'
,r.e Henry Sieyel has had no interest
IN that establishment for many years. as
,s shown by the following statement is
.r.d over the signature Of j. H. Green
hut president OF the corporation
Public Notice.
THE. GREENHCT-SlEG COOPER
COMPANY is NOT CONNECTED either
directly or indirectly with any other store
in the world.
This emphatic statement is made be-
caus. Of the possible impression in some
,uor,ers that there is some connection be-
tween Mr.. Henry Siegels stores ana 'ne
G-eenhut -Segel Cooper Company
.Because of a similarity OF name, we
wish particularly to emphasize that The
t;reenhut -Siegel Cooper Company Is IN no.
wise interested in Siegel Cooper d co. OF
Chicago, Henry Siegel & co. OF Boston.
Fourteenth Street Store or Simpson-Craw-
ford Company Of New York.
.,The Greenhut- Segel Cooper Company
is not directly or indirectly interested in
ANY enterprise in association with Mr..
Henry Siegel
mfr. Henry siegers interests In our
company were purchased good will and
AID by MIR. ]. Il. Greenhut more than
1velye years ago. At that time Mr.. Henry
Siesers connections with this store were
entirely and completely severed.
.GREENHUT-SIEGEL COOPER CO.,
~ b. GREENHuT. President"
That Judge Hough yesterday did not
regard the situation as anywhere near
homeless was shown by the fact that he
made the bond OF Messrs. Marble & Shep'
pard $4,000 and the bond OF Mr.. Melville
$4,000, The men said last night that the
department stores. private bank and othei
enterprises owe In the aggregate about
.7.5OO,0OO, against which there appear
TO he ample assets which. however car
not be Immediately be liquidated. A lit
Tie patience by creditors and perhaps
reorganization will result in a payment iT
full of all claims. the receivers said.
Included in the liabilities Ia $2500.00(
which Henry Siegel 4 Co.. Mr.. Siegel anc
mis- partner, Frank E. Vogel. as copartnsrl
and individuals, owe to the $1,000 de
posltors Of the private banking institution
~ the $5,O0O,O00 remaining. the storel
eve to banks Of New York, Boston ant
other cities an amount considerably lesI
than n 900 900 and the balance Is owe(
10 the Siegel stores Corporation and tt
manufacturers, jobbers, domestic and i'm
porting for merchandise.
Mr.. Marble said last night:
1t il too early for me to make a de
tailed statement, but ! am willing to sa!
as n first impression. at least, that th'
situation is one where readjusting o
affairs in the interest OF the creditors cal
and should be readily accomplished"
Bank Deposits s2,BOO,OOO.
Mr.. Melville. In charge Of tho banking
corporation. said:
Il do not know, Of my own knowedg
what the banking situation Is. neve
even knew of the existence Of the banl
until was asked TO act as Its receiver
amount Of deposits is about S2,5O0. 000
with about $4,000 depositora The Ameri
ian Audit Company will begin on tn
hooks tomorrow morning and In few
days ! hope to have definite information
which will be made public at once"
In the long and complex petition file,
IN tha court by John A. Carver OF th
law firm Of Shearman & Sterling. attor