H.B. Claflin & Company
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H.B. Claflin & Company was a Manhattan-based dry goods business which was incorporated in 1890. The company acted as wholesalers who were middlemen between manufacturers and retailers of dry goods.[1] The corporation became insolvent in June 1914, with a debt of $34,000,000. Judge Learned Hand of the United States District Court in New York appointed receivers for the firm on June 25, 1914. The trade of the wholesaler was negatively affected by the migration of the dry goods industry to uptown Manhattan[2] and a failure to adapt to the changing business landscape.[3]