People's Pilot, Volume 4, Number 9, Rensselaer, Jasper County, 17 August 1894 — FAILURES IN NEW YORK. [ARTICLE]

FAILURES IN NEW YORK.

Theodore S. Baron & Co. Go to the Wall and Carry Another Firm with Them. New York, Aug. 20. —There were two assignments Friday, one the outcome of the other. Theodore S. Baron and Samuel Baron, copartners under the firm name of Theodore S. Baron & Co., manufacturers of knit underwear in this city, and their mill in Clyins street, Brooklyn, assigned. It is said the liabilities will reach $125,000, with nominal assets to equal that amount. The firm has paid out during the last three years about $50,000 for improved machinery. This failure forced tho firm of S. Baron & Co., comprised of Samuel Baron and Max Straus, manufacturers of knit goods at the same address, to the wall, and they also assigned. The liabilities are said to be about $150,000; assets, $135,000. The assignments are attributed to the uncertainty of the Tariff legislation, the general financial dapression and the inability to make profitable sales.