The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1875-07-29
THE GREAT FIFTEEN MILLION
FAILURE.
Alexander Collie i Co., the Con.
IedeFale Agents.

Rll n lew unVH ago tile NEWS WAS ulSlleu
to us Of the suspension Of the firm ol
Alexander Collie 4 Co, for the enormou.
amount Of Sl5,OOO,OOO, a. | to-day VIZ
learn of their Indictment at Guildhall
London, on the criminal charge OF false
pretenses, Fraudulent bills to the amount
Of from $500, 900 to IS, ,75O, 900 are cal.
culated TO be floating in the English tinan.
cial markets. The bare contemplation Of
these figures and the desperate struggles
to keep ailoat which must lie behind such
transactions are of themselves sufficient
to arrest and riyet attention: but the rapid
rise of A. Collie & Co. from a mere office
commission business 10 lis recent colossal
nroportions has No parallel that we can
RECALL in modern EngIish commercial suc-
cesses and dcollapses. The firm Of A. Collie
n Co. is not much over twenty wears in cx.
istence. Alexander Collie. Ia founder. il
the son of n Jraper in n county town in
Scotland. Young Alexander Collie gained
some general commercial experience in
Manchester twenty.liye wears auo, after
which he maILe n irin TO South America,
where he .mc"oeipj N cstahIishinC busi.
ness nrrongcmenis with some houses Of
stonGinv anI m his retnrn TO England
h" com1nenced n regular shining bnsi.
mcss nm n moderate scaie, and liz rise.
"ithou"h rnmiJ was insiTnilicont com.
nnreI viii thr nronoriinns which il Ms.
smmed Jmrin~ anI suLseu,lent to the
SontLcrm IrISllion Alexander Collie n
~ ware sarlv /" thc GcIJ of blorkoIe
rnnn;ng. uot wi,h thcir own ruuitnL Int
ihr camiinI n others Couitnlists in Enr.
I"ni VII" womlJ not identity Themselves
"mcnlv with LIockoJe rmnniI,v unIcrtok.
inrs EoJ M obicction to invest md roM
In sncL nnsounI Lnt nllnrinp enterpriscs
AI"yonjsr C"ilio LnI M modest scrnnlcs
,nd q" In 90, nLoui csInblisLinv n num-
mr,"i "vSnturcs" as Lc termed Them.
ria Grs, c"mnonv fnrmcJ owned snv siy
vaS.ois ,nJ iLn ironsaclinns nf Ihc com.
nomv aT"v w"ra ] % r"corj"J os M nccomnI "f
hWav,nrn So ISoocL now comnnnv hc-
Inn io.oriLoj ~ " WvonIuroU nnI 'hnv.
;S, ;S "'' " Ja.;n",;i,H ,,whor MI, wns
T'1lin,s "H""rI,miiv omI Lo m"Ic
H." mas, If II Thc 0yontmrcs"
"oI oniv ro,rosortnd vossnIs Lnt mar,
"Lan,Ii,! %%s LIZ nI.p L'i ToIlic 4 Co con,rnc,od
t"r IN" Lu;i,Iir, of ycsscIs ond Furnished
,Io M ""o,Is @ IN hr imnortoI into thc Sonth
TbcS I h"I nm every Hisc" nj colion voods
III" vnm" "a Cnliic & Co., Manchester y
a"J "V ' %oro ,horoLv m nro",rim1 Ih" wow for
% Iar"o SomILSr9 trndc IN more ncnccfnl
Iimns 4 xii" 4 To- never descended
!" iurr;sh Iein;IoJ occounts of tho rrs,,Its
~ ~ "vo","rcS ] y IN" Sim"iv moj" ros,i,n,
H. ,ion of " fcw sIiiiinrS an th" nounJ stcr.
U In" n, nrJ onro,'mre% NJ" thoi tho % IvcnI,ro"L ]
80 @ a. Nv" "S Ii""L "Io rum";r" w,s co""orroI
wos w ~, "I "IoDoJ "% T,%S ro.""I Sv i%ot lima hc
;rn ,iosir"yol IL I"T ' or conImroII The rcsnIls
"fSso,,"n S % %s,ccossfniir hro,,Gh, ihronvL iho
iJoCLO%o oJ% TuS ro,naimod :o"icJ !" fl" h"eGs If
o'T"V ,ho GSm II ,%o balance ot coIIom I' "a, a.
,mo;ninm w" ,,o " Son,I, o "vor W w,s o roniigcI
S ,%s "h"SSnhoi%ors brord nothin" oi H. %f.
,"s @ % ,ha ,orn,,n",io" n H." w,r vnvornI
M Iow,";,, NJ, worn ,Iroo,or"J m i" comnci
ToIIio g "a ~ IN s%ow ,hoir L"oEs
G"i no,o % warn oy"r hro".L, \" an