The New Orleans daily Democrat. [volume] (New Orleans, La.) 1877-1880, 1878-01-23
sHERmAN's WORK.
Failures.

FHbuFeA.
CHICAGO, Jan. 7a-s Samuel Bliss & Co.. grocers,
NEW YoRK Jan. 22-s. M. Bixby Il Co., black
ing manufacturers have failed, with liabilities
New YoRK. Jan. 22.-The suspension OF Ben
nett x Smith. cloth manufacturers and iobbers.
has been announced. Their liabilities are
placed at $4,000.
A Closed Bank.
ST. JOSEPH, Mo-. Jan, 22.--The Buchanan Bank
Of this city closed its doors to-day.
In the Hands of a Committee.
BosToN, Jan. 22.-The Dorchester Savings
Bank has been placed in the hands Of finance
committe' for examination and report within
sixty days.
whiting up an Insurance Company.
New YORK. Jan. 22,-Peter Ammermann has
been appointed agent by the court for the wind
Ing up of the Brewers and Maltsters Insurance
Company.
Reported Failure of schenck, the Great
Philadelphia Druggist.
New YoRK. Jan. 22-A great deal OF excite
ment prevails among the drug houses of this
city this afternoon, owing to the reported fail
house In Philadelphia. Much talk and feell, z
exists In drug circles. it being believed that
millions OF dollars are involved.
The Burning Faiiure-Meeting of Credi-
tors.
NEW YORK, Jan. pa meeting of all the cred
itors OF e. j. Dunning was held this afternoon.
but the proceedings were secret. A leading
druggist said the affair would be settled one
way or another. IL adversely. then stand from
under.
The Philadelphia Morocco Trade Fall
New York. Jan. 27.-The failures in the Mo-
rocco trade in Philadelphia have also a'trated
de 81 at e9 oRsp p
BILE. for any large failures to have occurred in
the legitimate line of the trade. without it be
that 1t transpired through the interchange OF
paner hetween the Darties
:. No serious result is apprehended to New
York houses. The failures are. 1t Is affirmed
it is stated at the cfflce Of Sterling Il Day.
leather brokers', that 1t has been known to them
for three days that large failures were about to
and amounts they were unadvised.
This afternoon the failure of Henry. Zeigler.
paint and oil works. was announced. but 1t is
thought they will continue In business. rs an
extension has been granted by their creditors.
Patent Medicine House Gone.
PHILADELPHIA, Jan. % The firm Of Schenck's
Sons, patent medicine, doing business corner
he nea Ars sIs9s a Is the hs ase d has o
Messrs. John r. Henry, Curran 6 Co. whole
sale druggists of New York. The standing of
the firm cannot be given to night with any de-
gree OF accuracy.
Heavy Failure in the Morocco Trade.
PHILADELPHIA, Jan. 22-For some time past
there have been subdued rumors Of an impend-
cas Y e o
firms were being carried along by a single
large firm known as Z. & G. stokes, importers
OF hides and skins. corner OF Third and Willow
streets.
This firm has suspended owing to the fact
that the lesser firms were unatfe to meet their
obligations. These smaller firms owed the
greater one sums ranging from 800 600 to 5000 00O
Mr.. Stokes states that the total amount involved
In the failure is between e7oo 900 to 100000 This
Is the gross sum, fully three fourths of which Is
owing to the Stokes firm.
The John g. Baker Manufacturing Company.
of Wilmington. Del. whose Indebtedness Is
$780, 900 is the only important firm out of the
city involved In the crash.
The list complete is as follows: J. G.. Baker
$3.50. 900. Geo. W. Hummeil $500 900. John Deem
ers Sons s6o00o. VIM. r. Stewart h Co. s12oooo.
d Dwyer $50 900, Edward Ivans & Co.
$50 900. G. Buckins $4,000. Harvey, Lynch & Co.
SIG 900. Stewart Allen $l2, 600; total. S72s.0
These smaller firms have been. according to
Mr.. Stokes account. more or less dependent
upon his firm for a long time back. the firm
having supplied them with the raw material to
work up. In return the firm accepted their
notes, carrying most OF them since 1873. and re-
newing them for accommoda'1on's sake and to
enable the firms to get on their feet.