The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-12-17
FIRST EDITION
R0ERcAMT1LE WRECKS
More Heavy failures in New York
and Elsewhere-List of the sus-
pended Houses - The
Bounty Bond For
gerry Case

gerry Odse'
nurp6er of failures were reported yesterday
In Wall street, New York, in addition TO those
already announced. The heavy fall in gold
with recent tluctuatiug speculatous, Is the
eanse of these gathering disasters. The first
apd principal on the list of failures was the
fm of
l.. FDeERToN 4 co.
This firm has been identified with the carpet
trade for many years, and has always stood high
in the opinion of merchants. Mr.. Lycurgus
Edgerton, the senior member OF the firm, In
1885 became q junior partner IN the large ary
goods house of John Steward d Co. The other
partners were John p. Yelverton, afterwards
President of the Bank of North America and
Mr. Addison G. Jerome, both of whom are well
known in financial circles Messrs. Yelverton
and Jerome retired from the firm in 1856 and
the business was carried on by Mr. Steward
and Mr. Edgerton. Mr.. Steward retired in
another wear very wealthy man. and the hr1n
then became l.. Edgerton, Rogers " Hatch,
their place of basiness being Nos. Il and 73
Worth street.
The trade of the house was very prosperous
until the opening of the late war, when 1t lost
$3.50 600 through the unwillingness or Inability
of Southern firms to meet their obligations
The firm however, weathered this, paid
dollar for dollar, and Mr. Edgerton started
in the carpet trade, making specially OF i'm
ported goods. His partner is Mr.. A. L. Edger-
ton. Jr', son of the Hon. Albert P. Edgerton, of
Indiana, to whom the firm have executed an
assignment for the benefit OF the creditors. The
assignee is stated to have suffered by the fail
ure from his indorslng the paper OF the house.
It is understood the failure has been caused by
the fluctuations in gold and dulness In trade.
remarkable fact about the affair is that the house
in which the firm carried on Its business seems
TO be fated, four or i've previous tenants falling
IN q similar manner
HOWARD, COLE CO.
Howard, Cole & Co., very large dry goods
house of Baltimore, has also been announced
among the failures. Several extensive estab-
Hshments in the same line in New York that have
done business with them are said to suffer Sc
yerely by their ill-fate. Their liabilities are
stated at $75O,0O0
ISAAC PRoGEB.
Isaac Proger q lar2e dry goods house at No.
1S9 Church street, also has suspended-perhaps
failed. Various reasons including the stagna-
ton of trade the decline in gold. and heavy
purchases of stock, are alleged as causes of the
disaster
GEORGE WIGHT.
George Wight proprietor of the Park Hotel,
on the corner of Beekman and Nassau streets, is
also named as one of the unfortunates. The rea-
sons for his mishap are not published His liza
bilities are said to be very large.
RICHARD PATRICK IL co.
The firm of Richard Patrick & Co., San
Francisco house whose failure is also announced,
has been in existence four years. 1t Is alleged
that the trouble and suspension have been the
result of dssensiou between the partners more
than any other cause. Latest adyices make it
appear probable that harmony Will be restored
and every embarrassment removed within an.
other year. This house were large importers OF
hardware from Europe through their city agents
here, who also purchase domestic hardware for
shipment to them. The firm declare their gold
capital and assets on the 3lst of January last
were $500, 600, with $120, 600 profits added. Mr..
Richard Patrick, their agent here has been in
the domestic hardware jobbing business for
nearly twenty years.
still They Come.
The following is a further list of failures
Henry e. Legrain, dry goods, No. 729 Broad
way, New York.
James Beck, shirts, No 524 West Forty-thrd
street, New York. 800
Bosworth, White II Belcher, millinery No. "55
Canal street, New York.
Cowles & Case. domestic goods, No. 10 Muir
ray street, New York.
A. H. Rosenheim, millinery, New York.
G. NJ. Jacobs x Co., woodenware, No. lSG
Front street, New York.
Baker IL Montague, produce, No. II Bridge
street, New York,
S. B. Tappan, boots and shoes, Hewouryport,
Mass. 80
Hopkins, Harrington & Smith, boots and
shoes, Boston, Mass.
RYDER, Crocker & Co., clothing, Boston, Mass
Gaus, Bierndaum q Co.. dry goods, Fhiia'
Miller. schloss g. Stein. hosiery, Philadelphia
Britton & Co., dry goods, st. Louis, Mo.
Reinstein, Marks & We'll, dry goods, Phila'
M. Levy g. Bro, dry goods, San Francisco, Cal
H H. Kendall hats and caps, Cincinnati, o.
Trufont a. Gardiner, grocers, Albany, n. Y.
G. r. Hertz d Co., dry goods, Iowa City
seward, Bentley s. Cheney, teas, Buffalo
s. MAY s. Co., clothing, Omaha, Nebraska.
j. W. Bond & Co., wool manufacturers, Tren
The cause of the above failures was in thu
majority of instances, the fluctuation of golC
rates. stringency of the money market, and de
preston of trade. Rumors which prevailed fo
Some days past regarding the supposed failure
of n domestic commission house prove to b.
utterly without foundation, the firm in question
heing perfectly solvent. and having capital o
SO 2OOO,OO0 over their debts.
THE GRAY MATTER.
II was rumored in New York yesterday tina
two detectives connected with a banking hous
in Wall street arrested Gray on Friday night
but that he bought them of by check for $4OC
which he found time to draw. 1t is asserted tina
the detectives had the check cashed, and did nc
inform the brokers of the case until late O
Saturday, when Gray made his escape. 1t
said that other detectives have found clu
which duplicates many persons OF high sLandin
in the community but any information as
who those persons are cannot be ascertained.
nR0WNED.