Evening star. [volume] (Washington, D.C.) 1854-1972, 1875-07-29
THE BUSINESS FAILURES
DUNCAN, SHERMAN & CO..
"TRANSFERS" OF $I,25O,OOO.
FORD G. CO.'S SUSPENSION.
THE SARATOGA RACES.
Damaging Oil Explosion and Fire.
lSE0P WHTTTINCHAM'S CASE.
DUNCAN, SHERMAN & co.
"TRANSFERS" OF sI.s5O.OOO.
FORD & CO.'S SUSPENSION.
THE SARATOGA RACES.
Damaging Oil Explosion and Fire.
lSE0P WHTTTINCHAH'S CASE,
THE FAILURES.

An Unfortunate Banking CoD,pauy
NV 1oRk' July PA morning paper
says the trenton Banking company, of Tren-
ton, \. :, which lost SlG0, 900 by jaw Cookies
tslilure, loses 100000 by the suspension of
Duncan, Sherman Il Co.
Some Of Duncan. sherman d Co.'S
Losses.
Inc 1T1Oitne Rays;-A responsible officer OF
ore of the largest banks in the CITY stated 10
reporter yesterday that the firm Duncan.
sherman X Coz had nearly 500 900 tied mn
in securities of the Mobile and Ohio railroad
company, OF which Duncan was president
and the hrm the fiscal agents. and a small
amount In tie Selma and Gulf railroad, an
incomplete scheme. 1t was understood also,
says the Tribune. that in one of their settle.
ments duncan, Sherman IL Co. had been
oDlged 10 take S3OO.00D in Alabama state
DohGsi Whlch are now quoted at 50 cents ON
the dollar.
Some OF Their Gains.
III appears that transfers OF real estate have
been recorded at the registers Office this we *
on the part of VIM. Butler Duncan and other
members of the firm to the amount of a mil
ION anu quarter OF dollars. The deeds in t
recorded date from le6S TO 1874. The name Of
the grantee is freshly inserted in q different
handwriting from the body of the deed.
Tourists Discouraged.
PARIS, July @-Many kilograms have
been received here from Americans in vari-
Gus parts of the continent holding letters or
credit issued by Duncan, Sherman & Co,
which have been dishOnored inouirinp
about them. II was rumo.ei he-e TO-DAY
accept Duncan, Sherman Il Co.'s circular
notes, and there was much disappointment
When The report was found 10 he untrue
Ford d Co.'S SuspeusiOn.
j. t. Ford X Co, in card. state that the
depression in their book business, continued
since the panic Of 1873, and was ageravate |
by the fire in their building in February last
winch peralyZed the spring sales. They claim
mat their assets az bare cost exceed Iiabil-
lies ny over $50, 900. The ChriSfirn Union
they say, is sustained by ample capital. f,s
condition is sound, and It's prospects bright,
a statement that it has lost ground since
the Beecher trial is not true. Ford & Co.
connection with IL is simply that besides
Icing stockholders in the cOmpany they
nave been employed as publishers OF the pa =
per they have resigned that charge and
after the 18th of August the business OF the
paper VIII be transacted by their successors.
A GOOD SHOWING.
creditors of j. Il. Ford & Co. held a meet
ing to-day and statement was submitted
by the finn showing that their assets exceed
ed their Liabilities by ssS,OOO. This was
referred TO a committee who will report at a
future meeting. The amount of liabilities
was not stated at the meeting. IT was
stated that the business of the firm will be
continued subject TO action of creditors, but
mere Will be temporary suspension OF pay
ments.