The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1883-03-28

night, taking with him, 1t iS estimated,
from $4,000 to 100000 of the firms
money, leaving their accounts bare and
no funds to meet maturing obligations.
On Thursday he drew nearly $4,000,
Intended to meet their pay rolls at West
Newton, MarkletOn and their coke works
in WestmOreland county. This he took
with him. On Friday and Saturday his
brother, Sheppard b. Markle, was here
and after investigating as far as it was
possible in the short time the affairs of
the firm, and consulting counsel as well
as personal friends, 1t was deemed ad-
Visable to make an assignment for the
benefit of their creditors.
The mills and the coke works will be
kept in operation. Notice has been pos
ted that all the employees will be paid in
full next Friday. 1t Is thought c. G..
Markle does not intend to return. He
has wife and two children, who will
be comfortable. as Mrs. Markle has con-
siderable personal property.
A MAssILLoN FAILURE.
MAssILLoN, March &c. N. 0berlin,
President of the City Council, this moi
ming made an assignment for the bene-
fit of his creditors to +. L. Baldwin, a
lawyer Of this city. 1t was 8 great sur
prise to business circles, as he has gen
orally been considered solid, financially,
and has been dealer in groceries, etc,
here for about forty years. His assets
are contained in a business building,
valued at $4,000; a dwelling house at
$4,000; his stock Of groceries about 81
600, and his elegant brick residence on
East Main street, estimated at $4,000.
As far as the assignee knows the liabil-
tiles are $500 in mortgages on his
properties, and borrowed money to the
amount of $10,000,cin sums from $25 to
$500, and for merchandise 81 500. '<''".f
4. OTHER FAILURES.
NEwBURGH, N. Y, March 26.-The run
on the Newburgh Savings Bank recon-
menced this morning. The bank is
amply supplied with ready cash, and de-
pOsitOrs are promptly paid. About $685.
600 was paid out this morning. The
supposed scare originated from the dis
closures of the late Judge TaylOr's
affairs, but he had no connection with
the bank, which Is in a perfectly safe
condition. .r..,,. ...
PITTSBURGH, March 26.-Great excite
ment was OccasiOntd at the Exchange
this morning over hefailure of Samuel
B. Thompson to meet his contracts, and
the subsequent selling out of $4,000 bar
rels of his oil by President Cochran.
Thompson was treasurer Of the Elk
change, and one of the heaviest and
most reliable dealers on the flour.
MONTREAL, March &C.. o. Snowden
50 Co., an old hardware firm here, sus-
pended, through thelembarrassment ola
Winnipeg firm that Is a large creditor of
theirs. The liabilities are not yet ascer-
tained, but it is thought they are not
large.
I QUEBEC, March 26.-Gibb, Laird &
Co., wholesale gTOcers, have failed. Liza
bilities, 100000; assets, nOminally, S.
900. James G. Ross and the Union and
Quebec banks are the principal creditors.
The former is fully secured.
BOSTON, March 26.-Suspension has
been announced Of the we'll known wool
house of Harrington 81 SimOnds. Liza
bilities $75, 900. 1t is understood that
the firm will settle and not resume
business. '''4A. ...............
TRENTON, N. j., March 26.-SeVen hun
dred men have agreed to resume work
at the rolling mill of the New Jersey
Steel s. Iron Company at reduced wages.
Six furnaces were started to-day, ,....-g,
MONTREAL, March 26.--SnOwdOn g
Co., retail boot and shoe dealers, have
suspended. SnOwdOn. q Co.'s liabilities
approximately stand 100000. They ex-
pect to pay in full on time
CANAL DOVER, o., March 26.-J. L. Ed
wards, proprietor OfHsthei rolling mill
hero, ), has assigned, to, Charles ,HRrggr.
Assets and Liabilities not made known.