New-York tribune., 1878-01-22
IN 80 WY EMBARRASSED.
TIE FALslrY OF a wALL-sT. BUMoR

TIE FALSITY OF 4 WALL-ST. RUMOR.
A REPORT THAI rArEE oF II. H. !. Is. fHu I'BER,
HAD GOSH 10 PROTEST ESuRELY WITHOUT
FOUNDATION.
Reports have been in circulation in Wall-st.
for several days. that two prominent grocery hous's
were financially embarrassed. Yesterday these reports
were renewed and II rm0rcd that the paper OF H.
n * +. B Thlrbcr Co., had gone To protest inquiry
was made H. X. Thurb"r last evening IN regard To the
matter. lie denied In most emphatic terms al rumors
detrimental to the credit of IN, hrn. lie said:
We keep only bank account. and that 's with the
Importers ana Traders IduA where nn St1cRhohIer
aud director. fur a week ur more IN i'"ldh' STORIES
have been circulated concerning our hL4u'al rldhdS
evidently originating on Wall street, where th'" are
storkioDbcr- VINO are trying 10 create panic. nav e
t,t'u the trouble Z" deny me hiolc'' cA'rpl WHh
personally npioarhrd pee n-r o." h't 'HlhA iI' @ ' '
whence .lc rIuo;, oIsuatr. On Mon iny The names u
J.. M Iltltcr " Go" '' nh" 20 l' "l IL '"'" .','tH
tue strongest houses ia ga" Trade "tir mrhiiohet
onr MN Is 'uGnE an. en- "HLlnr'"y T,lar "'I, ~
inside 81 taonty DAYS. The face s that H.
stead oi h.n-. IN iiolm' wc have been d..coLnt-
on r.u.Ii.y rrtl.,I.i 0I' m ms WAY 100000. on
-airriay nearly s~roo' auIon M"nd|l "i'1 hc stock
,p .al. .,, ii! .us Lt us aluun- tue hlohru u u
g.. ri.ru.it current accounts for over r--uNu N"ur
Of '.' lcco"".s ' ""g n'' ,,ui1'' , ~ % ,'' Vr ~J
like making tue d.cuuut We have not talked. AMI fc
~, MOI 'I . .."u' M ' '.' m i' ,'. ,,,.r f ir,r
u! H. X & T. r. 1hulbcr i CO. wouid sill be transact
.ng bu-h,7- 90 uht4''
Jln., BIcll, president Of tie Importers ant Traders
Bank ,ai l4st evening that ho Lad heard the rlIn0r
tlAt the paper of the hrm had gone to pro
t,,f bat there Was truth IN IT, He
was positive that TIE firm was perfectly sound. and able
10 meet all legations without Trouble He was unable
10 account Tor The runor nat thought that It originated
among tn cutic, 81 the firm, who wished 90 destroy its
credit H. -aid he had so much confidence IN the
,oGncss OF rhurbcr c. that be would discount tie.r
p.u.r lobby seven U,r cent To the amount ui FlOo'
600 he stated thar H. X. Ihur-r worth al east
900 the cgedit OF tJe firm of which be vas
The head good u, that Oi any hin IN tie country
L. ~ Pcrhu- ir., cashier Of the Importers ana ira
d,rs Bank, saId regard TO II. N. ~ l. - IhuIbet
Co.:
FOR the past i've or sN years have seen th"r balance
>lrrt and Il AWAY uuic4i'd gir5 uI az least lroU
I'M. mont his ~ls OF the house know "a be over voo
OU and the ILuIbrgs have always hcru noted among
.r.r.ty m,n for their Shorcrcdit ~ stem, which iS
ur.ytntcd tnriu from mcifTng any long debts. 1hiS
,,iy h,.l,n enabled them 10 make money steadily
ri.lt ttrouch the hard times. Beside, th., the Thur
,,s work on solid foundation. tHrir HNalnie assrts
r,ue M the yciy least SljOO,oOU. thcy always haYe
do not know exactly how much there Is ni present hr
TLarber r not much uf borrowing man. any way, ana
il Woud be almost impossible, considering thc way he
con!ucis his ness, for him 10 grt into any napcl
trouble.