33-1729
Well-Known Member
I was curious what influence, if any, Aero Clothing and Tanning Co. of Brooklyn, NY had on the other company, Aero Leather Clothing Co., Inc. of Beacon, NY and to what extent. I wasn’t surprised to find that one enabled the other, but was surprised to find out how.
In Sept. 1936 Louis Kramer, Abe Wolkowitz, and John E. Liebmann had a purely verbal agreement to enter the business of manufacturing leather clothing but didn’t have the means to do so. Beginning Dec. 1936 enter Emily Kramer, the wife of Louis Kramer, who carried Aero Clothing and Tanning Co. under her name. She alone had the means to provide a performance bond to enable obtaining government contracts, obtained the contract from the government, and outright purchased the machines, bought leather and trimmings and paid for the rent and payroll. In the operation of that business Louis Kramer acted as salesman, Abe Wolkowitz was in charge of production and John E. Liebmann had charge of the office activities, including purchasing and shipping. From the money she made from the government contract she gave her husband, Louis Kramer, $4,000 and loans to Abe Wolkowitz, and John E. Liebmann to start off their business. On May 18, 1937, the Aero Leather Clothing Co., Inc. was legally incorporated under the laws of the State of New York and Aero Clothing and Tanning Co. was no more. Who’d of thought?
https://www.leagle.com/decision/19497628hatcm7541554
In Sept. 1936 Louis Kramer, Abe Wolkowitz, and John E. Liebmann had a purely verbal agreement to enter the business of manufacturing leather clothing but didn’t have the means to do so. Beginning Dec. 1936 enter Emily Kramer, the wife of Louis Kramer, who carried Aero Clothing and Tanning Co. under her name. She alone had the means to provide a performance bond to enable obtaining government contracts, obtained the contract from the government, and outright purchased the machines, bought leather and trimmings and paid for the rent and payroll. In the operation of that business Louis Kramer acted as salesman, Abe Wolkowitz was in charge of production and John E. Liebmann had charge of the office activities, including purchasing and shipping. From the money she made from the government contract she gave her husband, Louis Kramer, $4,000 and loans to Abe Wolkowitz, and John E. Liebmann to start off their business. On May 18, 1937, the Aero Leather Clothing Co., Inc. was legally incorporated under the laws of the State of New York and Aero Clothing and Tanning Co. was no more. Who’d of thought?
https://www.leagle.com/decision/19497628hatcm7541554