Business Records
In July 1932 it was discovered that Lawrence S. Morris, secretary and general manager of the company, had diverted over $100,000 from the business. His brother, Charles S. Morris, was president of the Metropolitan Fireproof Warehouse, Inc. Charles Morris suffered a Nervous breakdown in the spring of 1929. Morris learned that his brother had borrowed $15,000 from the firm when an accountant was called in, following his illness. Lawrence Morris had forged his name on checks to carry out his theft of more than $100,000. The Morris brothers resided in the same apartment house, which was located at 666 West End Avenue.
A bankruptcy petition for $750 was filed against the business by N&H Michaelian, rug cleaners, on December 22, 1935.
Read more about this topic: Metropolitan Fireproof Warehouse
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