Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-23
BURSTING BUSINESS.

The Leading Dry Goods House of st. Louis
Goes Under-Large Numbers of Mourn-
ers In New York City-Other Failures and
Contractions.
ST. LOUIS, Oct. Pat is reported that Dodd,
Brown & Co., one of the largest wholesale dry
goods houses in the city, has suspended. Par
tlculars not obtainable at present.
ST: LOUIS, Oct. 22.-No particulars can be
obtained here of the failure of Dodd Brown &
20. MIR. Dodd declines to make any statement
OF Liabilities or assets until his partner, Mr..
Brown, who is en- route from New York, arrives
here. 1t may be stated, however, that the
cause of suspension is inability to make col
lectlons of country customers.
NEW YORK, Oct. 22.-The suspension Of
Dodd, Brown & Co., st. Louis, caused much ex-
element in the dry goods trade of this city as
the greater portion of liabilities are in New
York: The following is partial list of credit
ors IN this city and the amount due them by
the suspended firm: H. B. Clafin
q Co., 100000; Whitney & Collins,
$75, 900; Strong on L Co., s25, 200; Jay Langdon
800; Denny, Paar & Co., $4,000; Coffin,
Attimus & Co., $4,000; Lewis Bros. & Co.,
$30, 600; Hunt, Cat in & Co., "a, 900; Lawrence
Co., 80 1000; Duning, Milliken & Co., Sl6,-
oOo; Woodward Co., $1,000; G. Barthalow
d Co., $25,0O0; John Slade & Co.. $4,000; Ba-
4 R; Co., $4,000; Pomrey plummss $4,000;
Butterheld 1 Co., $1,000; Ike Keyse r..
Townsend & Co., $4,000; E. r. Madge & Co.,
$4,000; Faulkner, Page & Co., Sic, 600; E. N.
q W: 81. Sailor, $500; Aufmondt & Co.,
5000: Mower Haines q Thomas, 1872 900; Law,
Hartman q Co., 5000; Brooks. Miller Co.,
y5,0oO; kibbee, Chaffce & Shreve, $4,000
Wright, Bliss 8 Tobian, $1,000; Van Vaikin.
burgh, Hewitt & Co., $50, 900; Parker, Wilder
d Co.. $22 900; II. j. Libby & Co., $4,000;
Whitman Phelps, $1,000; Whitemore, Peet &
Post, $l5,5OO; Brown, Jones & Co., 80 600;
w. Changley Co., 80, 500; Woodward & Bald
win, $4,000.
Many of the above figures are said to be
below the actual amounts.
The Bulletin says the liabilities it is thought
Will reach 81 ,500,O 900, but no exact information
on the point can yet be obtained. The greater
part OF the indebtedness is due to New York
and mills represented here. At the office of
the lrrn No. II Thomas street, reporter was
Informed that Mr.. Brown had left the city for
st. Louis in order to make up the books and
prepare complete statement of the condition
OF affairs. Until that is finished no definite
information could be had regarding the liabil-
tiles or assets. At a rough estimate, however,
the representative thought the liabilities would
amount t. from Sl,25O,00O to 81, SOC, Quo, prob
ably not exceeding the latter and the great
bulk OF Indebtedness was due in New York
When e full statement WAS completed he said
Mr. Brown would again return to this city and
place their affairs before full meeting of cred
ltors for their action.
CLOSED IT'S DOORS
CHICAGO, Oct. 22.-An Auburn, Indiana, spec
ial says: The First National bank, which lost
SO heavily by its absconding treasurer Hazard,
has closed and will go into liquidation.
CAPITAL REDUCED.
CLEVELAND, Oct. 22.-In view of the very
heavy tax imposed on the bank capital of this
city, the Merchants National bank at meeting
of stockholders this morning reduced the cap
ital from 81 200, 600 to $500 900.