Evening star. [volume] (Washington, D.C.) 1854-1972, 1878-01-22
RUSINESS RREAkDOWNS.

fHlLApELPHIA, Jan. 22.-Third street this
morning was aCitated over the troubles affect
ing the houses in the morocco trade. The
principal house i'll trouble is +. & c. Stokes
importers of hides and skins. Mr.. f. Stokes
said this morning that the firm had not vet de
cided What course they would take but would
make decision to-day. The firm attributes
the cause OF their trouble to the fall OF George
W. HUmmell X Co.. who were unable to meet
even the interest of their obligations. and who
relled on r. and {. Stokes Ia meet it for them.
This firm Is indebted to T.. & &. Stokes Ia the
extent of over S1uN.AN. The following houses
are also reported inSOlvent: John Deempr>
Sons. SsE.tw: Win. Il. Stewart X Co. ST.. .u0l:
Hammond x Dwyes. SiN0; Harvey Lynch <
Co, Sl600: Stewart Allen, Si2WRl: Edward
Evans Co, $4,000: o. Bockins. S9N.0O0: J. G..
Baker. manufacturing company of Whining
ton, $l9N,0N0. T.. &C. Stokes. Who Will n0douht
make an assignment today. are creditors for
about three-fOurthS of all the liabilities of the
above-named firms. They decline 10 state The
total amount of their own liabilities, but claim
to hold the papers of other morocco firms to
the amount of from S1O0.G0J TO sSN.ngn. Ellis
Stokes states that his iirm has been keeping
the other hrmS going for years. and were Grip
ping themselves trying TO acromm odate them.
=. We had, he said ito press them at last and
lhe result is failure. Our annual business will
probably amount to 81. .OUNU00 We shall 20 out
OF business: but only temporarily Ii is an
almost lneNplicable mass of obligations one TO
the other and would be willing to 20 through
the bankruptcy court TO settle it up" Mr.
Geo. W. Hummel. of HummeI 4 Co. deny that
Their 1aIure To pay their notes on Friday pre-
cipitated the trouble. He says that the cause
OF the trouble was the failure of E. 4 C. Stokes
to take up their notes as accommodation pa
per: He further says that +. 4 {. Stokes were
t partners IN his finn, and are therefore liable
hrSt us makers and then endOrserS of the paper
which went TO protest.
Failures i'm New York
NEW YORK, Jan. 2--S. NJ. BiNby & Co.
manufacturers OF backing, have failed liza
billtleS, Sl23,OGa. Bennett 4 Smith, manufac-
turers and jObbers of felt cloth and felt skirts
III Leonard street have suspended; liabilities
from $4,000 TO S75 600.
And Yet Another i'm PhiIadeIphia.
PHILADELPBIA. Jan. oh. Schenck 4 Son
well known patent medicine manufacturers
have suspended. Liabilities not known vet
Ihe cause OF the suspension is said TO have
been tile recent suspension of the New York
drug firm OF John L. Henry. Curran 4 Co
Failures in Newark
NEWARK. y. j., Jan. pa sheep-skin dealer
named Samuel Dunn, has failed. He offers TO
pay his creditors 20 cents on the dollar The
amount of his liabilities is unknown. VIM y
Randall. dealer in house furnishing goods
1alied to-day. His failure was caused by en-
dOrSing for the bankrupt firm of f. c. Smith &
Co. and the failure of the Citizens Insurance
TO. and embarrassment of other institutions
III which he was interested. His liabilities and
assets are unknown. An assignment OF his
property has just been made.