Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-02
BUSINESS TROUBLES.
Especial Telegram to the Globe.l


CHICAGO, March LIN accordance with
a notice sent out by Bradford Hancock,
assignee of the defunct wholesale grocery
firm of w. T. Allen s. Co., the creditors are
presenting certified copies of their claims
against the firm. The sale of stock and
fixtures began to-day. The buyers are
mostly iobbers and the sale is being con-
Quoted very quietly. A meeting of the
creditors will take place nextThursday ,and
there is faint probability of compro-
mise being effected
LAWRENCE, Mass, March 1.-The August
inian Fathers make the following financial
statement of the Catholic churches in Law
renee: Liabilities, personal account, $780,
400; interest outstanding to January, 1888,
S31 800; mortgages, $4,000; total, 567,-
300. Assets: st. Mary's church and
grounds, 100000; parochial residence,
$4,000; convent and grounds, $50 90; st.
Mary's schools and grounds, $65,000; I'M
maculate Conception church, $65,000; I'm
maculate Conception residence, $4,000;
St.Lawrence church, 900: St.Augustini-
ans chapel, $4,000; cemeteries $4,000; to-
tai, S569.OOO.
This leaves apparently surplus of
| S1,700,but as the market value of the assets
is much less than the cost there is a defci
ency rather than a surplus.
! The official statement causes deprecia-
| ton in the society's affairs. In accord
ance with the facts already given, most Of
the income has been absorbed by the ex
pense of maintaining the clergy, build
ings, schools, ETC., which amounted to $12,-
Fn oL,1 oil H. hn
large sums paid as interest
ginning with 1854, amounts to 1924, 900.
1t proposes to pay annually at least $685.
600 of deposits and as much more as the
endeavors of members here and elsewhere
can obtain. 1t asks that depositors for
bear for time enforcing their claims, and
that the congregations of the various
churches cooperate with their pastors in
liquidating every claim. Three more at
tachments were made on the church prop
erty to-day by depositors.
CHICAGO, March 1.-The Cleveland Pa
per company and S. F. Beckwith, to-day
fled creditors bill in the United States
circuit court against Geo. a. Taylor, and
Anson Horton was appointed receiver, and
the case referred to a master in chancery
to take proof.
FOND Du LAC, Wis.,, March II. G. Whit
tlesy, dry goods, made voluntary assign
ment. Assets $4,000; liabilities $4,000
All creditors here are preferred. The Others
are mostly in New York and Chicago
Dizziness in trade the cause.
JERSEY CITY, March 10. t. W. Nc
Donald, grocer, has suspended. Liabili
ties, $4,000.
PEORIA, ILL.,, March 1.-Charles Lamar
dry goods, was closed by the sheriff. Lila
: bilities, $4,000; assets, stock and &C
counts, $41,000.
STEUBENvILLE, O., March 1.-The Cleye
land Furnace company, operating unde
: lease the Furnace and Iron company, ,faile
this morning. Liabilities, S90,000; asset:
$4,000 to $4,000.
CLEVELAND, March 1.-The announce
ment from Steubenville that the Clevelan
Furnace company, operating the Leased
works there, failed to-day, creates no sur
q prise here. The company, of which F.
: Bates is president, was a small concern
g and practically failed six weeks ago, whe
Q an extension of time was granted by cree
itors. An Associated Press correspondent
/ called this afternoon at the Office whic
d has been occupied for the company's heaC
n quarters, and found it deserted.
/ LONDON, Ont, March IA writ was i:
it sued to-day in behalf of the Wolsons ban
n against the Globe agricultural works. tt
% amount of the claim is estimated
s $150,O00.
LAWRENCE, Mass, March Five add
o tional attachments have been issue
t against the Augustinian society.