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F.J. Kaldenberg Company: Difference between revisions
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Mr. Kaldenberg has three stores, situated at Beekman and Nassau Streets, at Fulton and Cliff Streets, and at 6 Astor House. He resides at Tarrytown. He assigned as a dealer in meerschaum pipes, ivory goods, &c. | Mr. Kaldenberg has three stores, situated at Beekman and Nassau Streets, at Fulton and Cliff Streets, and at 6 Astor House. He resides at Tarrytown. He assigned as a dealer in meerschaum pipes, ivory goods, &c. | ||
He is also the President and principal owner of the F.J. Kaldenberg Company of 211 to | He is also the President and principal owner of the F.J. Kaldenberg Company of 211 to 229 East Thirty-third Street, which manufactured the goods he sold.<br> | ||
The business was started by Mr. Kaldenberg’s father in 1858, and the assignor succeeded to it in 1869, in May, 1887, he incorporated the F. J. Kaldenberg Company with a capital stock of $500,000. organized under New-York laws, and induced several well-known men to become interested in it. Among them were G.M. Hard, President of the Chatham Bank; E. Faber, the pencil manufacturer, and Henry C. Euler and J. M. Segfris of Tarrytown. Mr. Faber was Treasurer of the company for several years, but at his office it was said yesterday that he resigned over a year ago.<br> | The business was started by Mr. Kaldenberg’s father in 1858, and the assignor succeeded to it in 1869, in May, 1887, he incorporated the F. J. Kaldenberg Company with a capital stock of $500,000. organized under New-York laws, and induced several well-known men to become interested in it. Among them were G.M. Hard, President of the Chatham Bank; E. Faber, the pencil manufacturer, and Henry C. Euler and J. M. Segfris of Tarrytown. Mr. Faber was Treasurer of the company for several years, but at his office it was said yesterday that he resigned over a year ago.<br> | ||
The Kaldenberg Company manufactured meerschaum pipes, rubber and pearl goods, car springs, &c. and has branch stores in Boston, Philadelphia, Chicago, and St. Louis. The annual report of the company filed in January last showed assets $750,000 and liabilities $285,000.<br> | The Kaldenberg Company manufactured meerschaum pipes, rubber and pearl goods, car springs, &c. and has branch stores in Boston, Philadelphia, Chicago, and St. Louis. The annual report of the company filed in January last showed assets $750,000 and liabilities $285,000.<br> | ||
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The F. J. Kaldenberg Company in December last valued its machinery and fixtures at $210,000 and merchandise on hand at $230,000. It does not own the factory property which it occupies at 211 to 229 East Thirty-third Street. This belonged to Mr. F. J. Kaldenberg individually. He bought the property in December, 1883, it having previously been occupied by the New-England Car Spring Company. He recently valued it at $340,000, and it is encumbered by a mortgage of $115,000. The factory is seven stories high and covers a plot 175 by 100 feet.<br> | The F. J. Kaldenberg Company in December last valued its machinery and fixtures at $210,000 and merchandise on hand at $230,000. It does not own the factory property which it occupies at 211 to 229 East Thirty-third Street. This belonged to Mr. F. J. Kaldenberg individually. He bought the property in December, 1883, it having previously been occupied by the New-England Car Spring Company. He recently valued it at $340,000, and it is encumbered by a mortgage of $115,000. The factory is seven stories high and covers a plot 175 by 100 feet.<br> | ||
Mr. Kaldenberg owned the greater part of the stock of the F. J.. Kaldenberg Company, and virtually ran the business, having great faith in its success. It is said that he put a large amount of money in it, endorsed its notes heavily, and in many cases personally guaranteed its purchases. Things went along regularly until the recent stringency in the money market, since which time he has found it very difficult to float paper for the business. Notes were falling due which he had either made or endorsed for the company, and, finding that he was unable to meet them, he made an assignment.<br> | Mr. Kaldenberg owned the greater part of the stock of the F. J.. Kaldenberg Company, and virtually ran the business, having great faith in its success. It is said that he put a large amount of money in it, endorsed its notes heavily, and in many cases personally guaranteed its purchases. Things went along regularly until the recent stringency in the money market, since which time he has found it very difficult to float paper for the business. Notes were falling due which he had either made or endorsed for the company, and, finding that he was unable to meet them, he made an assignment.<br> | ||
Mr. Kaldenberg was looked upon in the trade as a man of wealth and large resources. In December last he made a statement to Bradstreet’s showing assets of about $1,000,000, liabilities $339,000, and surplus $661,000. Included in the assets were bills receivable and accounts for $220,000, real estate, 211 to | Mr. Kaldenberg was looked upon in the trade as a man of wealth and large resources. In December last he made a statement to Bradstreet’s showing assets of about $1,000,000, liabilities $339,000, and surplus $661,000. Included in the assets were bills receivable and accounts for $220,000, real estate, 211 to 229 East Thirty-third Street], $340,000; stock in the F. J. Kaldenberg Company, $345,000; merchandise, $81,000; cash $14,000.<br> | ||
The liabilities included mortgage on real estate, $115,000; contingent on endorsements, $218,000. Friends of Mr. Kaldenberg said yesterday that they thought his embarrassment would be only temporary. He had gone to deep into the business of the company, having put his whole fortune into it. He was regarded as a man of honest record and a hard worker, of good mechanical ability and correct habits. | The liabilities included mortgage on real estate, $115,000; contingent on endorsements, $218,000. Friends of Mr. Kaldenberg said yesterday that they thought his embarrassment would be only temporary. He had gone to deep into the business of the company, having put his whole fortune into it. He was regarded as a man of honest record and a hard worker, of good mechanical ability and correct habits. | ||