PHILADELPHIA
One of the surprises here was the petition in bankruptcy against Simons Bros. & Company, one of the oldest manufacturing jewelry houses in the country, one of the most prominent in the trade and which enjoyed the best of financial standing. The jewelry end of their business has been turned over to Hoover & Smith, but they continued to make silverware, thimbles, novelties, gold chains, umbrellas, presentation swords etc. It is supposed that they are solvent today. The concern owes $265,000, of which $200,000 is to bond and trust companies, $15,000 for bullion, and $30,000 to the jewelry trade. The firm is incorporated for $300,000, and is supposed to have ample assets. They have been in business over seventy-six years. The factory is at 611 Sansom street and 618 Chestnut street, with offices in New York, at 15 Maiden Lane and 320 Fifth avenue. F. M. Simons is president; Edward S. Simons, vice-president, and Duffield Ashmead secretary and treasurer.
Source: The Metal Industry - January 1912
Trev.



