, 1876-02-17
BURTON, PIERCE & CO.
They Temporarily Succtlmb to tho
Pressure OfLinrtl Times.
but Hopo 10 MIKE Satisfactory Arrange.
ncnts aud Continue Dnsincsg.

The firm OF Burton, riosce Il Co.. wholesale
groccrs ut 81 Michigan avenue, auccnmbed Ia
The pressure Of Affairs yesterday morning. Aa
tho hoNsc las always eujoyed sdo very best rep,,.
tssion for sqnaro, honost, aud apparently suc-
ccssfnt dealings, some 1iI.lo asto,,lslment was
created iu business circles when It became
known that 1t had gone Under. Tho firm is CON-
posed Of Chlttoudon L. Dutton, Joseph u. Dog.
Gctt, Lawson A. Tlercc, and Joseph ", rorco.
III tho pursuit. OF LILA Investigations yesterday
Afternoon TntncSg reporter called OH Mr.. Dur
ton. by whom ha waa voty pleasantly rocosyed.
II hnro Called T" said tho roportor, - to learn
something about your houso and tho naturo and
e1tont of TIM failure"
II am tnaDlo to give you tho exsentof lhe fall
ure. ! might TO 1t approximately, but wo havo
decided not to do 80 At present. 1 An working
on statement OF our condition now, whLcl, will
10 mndo public In tluo tmc." ropliaa Mr.. uur-
Ion, III pleasant, COLLECTED mannGr.
| ''How Htn HOUSE
arc you?" askoa thu reporter,
| "Wo have been doing bhsnosH now for ovar
.liaye yo, boon In Chicago all that tlmo !"
chmed IN tue reporter.
4 no" aatd Air. burton. HWe formerly did
business at Forniillou, near sauduaky, Q. We
| Interested in shipping fnrm produce. Wo had
| al intorost IN four Yoeaes thoro. We loft YER
1niliou, about n'ue years ago, aud cano to Chi.
| caeo.'
"Was your business at Vormiou nuccessful
ono 2 Iuericd Ito reporter.
.EntlrolY So" satd Mr. Burton. "Wo paid
| cash on delivery Of invoIces, aud never export
encet! tho least business Embarrassment"
TO what do you attribute your failure"
f"Io tho generally hard times and difficulty In
maklng COLLECTIONS responded tho grocer.
"Thon, again. tho roadB hava beon 80 bad this
winter that It las boon yory daiuIt matter to
get farm products to Market Put those thiuus
together, and you can roc that 1t las not boon q
worry prosperous haason for our ltuo Of bust
ncss.'
THEIR INTENTIONS.
f"What DO you propose to do ~
II shntf loayo for Now York Saturday nirhk
and hc there Monday morning. Tho frat thing
shall do will bo to call Oh ait my creditors thore
and ask thorn what thoy think about CIR going
on. aiost OF our creditors live In Now YORK., mud
llavo Ntltton every ono Of shom that am
going On to put tho case bofore tl,om. Our
creditors hero tell III to 70 ahead, md haven't
much doubt IT our Now York credito1a dong
tho samo. OF course wo hope to rcsunlo. and
eilali enaoavor to mako our arrangements &C.
cordingly."
.Yoa cannot ,sives mo an idoa Of your assets
mo. 40 have concluded not to publish that
Just now, but tho papors shnl hhVe our akate-
ment when return from New YORK"
" Wheu wilt that ho ;"
"Just "a soon as I can 60 thoro, SOC my cred-
itors, get their opinions. and II pouaib1o their
cansent cns', to our gong op and return. Il will bo
about tho end OF next We0k, probably"
" lou Hpo!fo of hayinE
4 VESSEL INTEREST
willie n nv Vernt!ion. uavo you had any such In
Yox, ne havs an in.orost in two yessols horo,
butduring tie nast two years It bus boon q los.
lug busirass with u.s."
"Was your failure Ia any way o1pocted on
your part7 2"
mot twenty -four hours boioro It hanponsd,
Wo supposed Tuesday morning that wo would
20 perfectly ablo to keep up against bard tlmos,
Ind collections, and poor markets, but this
morning morning NO say shat We could not &c. Oh AZ
step we did. rAo worat fcatuto about It, Or ono @
Of tho wotst, IL shat 1t rathor rclIecta on tho
Chtcago groccry business. Groccrs lore have
dono remarkably wut aince tho tiro, aud tho
business M M hns boon genosslty voty good during
tto past few ycars. NoN for fniuro to como
tight n upon tho Erocery trade ia too hnrt."
"Wiil you carry Oh a,,y buslneaa wlo nego-
tlntions aro pending with your Now York cred
"We ahall still aoll goods horo, Us ot,r ChIcaro
creditors adylso ua to DO. aud whc,l Ees ahort
kot and buy for cash."
"Whero did you bark sFr. Duztona"
at tho MelcAnuts' Saving, Loan, and Trust
COMPANY, corner Of Madison and Dearporn."
altogether, tllen you think 1t hlgAIy prob
ab'o that your houso will roaumo, do youi"
"Yos. think such thing quite possible
friends aro disposed to havo us 10 on, upd
aon't think wo shall lIayo any trouble aitor wo
are 70, ouco on Our foet again..
The reporter after condolins With tho gentlo-
man IN lta misfortune, bad6 him gool-nfker-
noon aud loft. His ncxs call waa On tho arm OF
Tow1E RorEn,
Wholesale Erocets, Nos. II aud 43 Wabash ave-
nuo. From these gentlemen tho reporter