Savannah morning news. [volume] (Savannah) 1868-1887, 1884-10-17
STOLE 100000.
The Firm of Davies, Atkinson & Co
Ruined by Man Aged Only "a Years.
CHICAGO, Oct. 16.-The house of Davies.

| The Firm of Davies, Atkinson & Co.
Ruined by Man Aged Only "a Years.
CHICAGO, Oct. 16.-The house of Davies.
Atkinson & Co., which closed yesterday,
is the Chicago branch of John T. Davies
& Co., pork house of Liverpool. 1t is
now said that the failure is due to de-
falcation by John A. Atkinson, aged "a,
who has been managing the business
since his fathers death. Young Atkinson
is said to have lost money in speculating.
The amount of his defalcation is stated at
about $15o,000.
HOW THE THEFT CAME OUT.
Yesterday the Continental National
Bank began suit for $25, 1000 against the
large hog packing firm of Davies, Atkin-
son 81 Co., which is the Chicago branch of
the Liverpool pork house ofJohn T. Davies
& Co. A statement was published to-day
that this suit and one brought by Mrs.
Atkinson, widow of the junior member,
for $60,OO0, grew out of the alleged serious
defalcation by John A. Atkinson, aged "a
years, his son, who has managed the Chi
cagO house since his fathers death. On
Oct. 8 Mr.. Davies arrived from
Liverpool on his annual trip of
inspection into the condition of the branch
house. After arriving at the hotel one of
the employees brought him an unsigned
and unaddressed letter in what seemed to
be young Atkinson's handwriting, con-
tossing that he was a defauIter to the
amount of $4,000, that he began specu-
latiDg on the Board of Trade, and having
made money at first, went in deeper, get
ting on the wrong side of the market in
both buying and selling; that at one time
he was within a few thousands of
being even when a collapse in prices
do DrNfTA !, n.
next day Mr.. Davies declared a diss0lu-
tiOn of the branch firm and began an in
vestigatIon, which thus far, it is stated,
shows shortage of 100000 in young
Atkinson's accounts, and Mr.. Davies be-
heves that it will exceed that sum. No
arrests have been made. 1t is understood
that Atkinson is at his house in the sub
urbs of Kenwood.
THE VIRGINIA BANK swINDLE.
PETERSBURG, VA, Oct. 16.-In the
Hastings Court to-day, Judge E. Nj.
Mann presiding, the cases of the Com
monwealth VS.. j. T. Young, President of
the Planters and Mechanics Bank, and
w. Ii. Parker, Vice President, Thos.
Whyte, Cashier, and j. G. Drake, a direc-
tor, indicted for conspiracy, in having
signed and submitted to the stockholders
OF the bank, at the annual meeting on
Jan. 81, 1884, a false and fraudulent re-
port as to the true condition of the bank,
were at the request of the counsel for the
defense continued to the January term.
The expectation that these cases would
be tried to-day had attracted a large
crowd to the court room.
THE FAILURES IN TORONTO.
TORONTO, Oct. 16.-Business men here
say that the failure OF James Campbell &
Sons will have disastrous effect upon
scores of book stores here and throughout
the country. 1t is probable that large
publishing house and several book stores
here will collapse.
1t appears that the estate of
Barbee Bros, wooden manufac-
turers of Streetsville, show nominal as
sets of 100000, with liabilities of $3.50, 200.
When the assets are placed at their face
value, however that may be, it is expected
that there will be deficiency of some
thousands. They made an assignment
this afternoon to E. r. Clarkson. They
have been trying unsuccessfully to form
joint stock company, hence their as
signment.
ARKANSAS MERCHANTS FAIL.
FORT SMITH, ARK, Oct. 16.-Little &
Gaines, dealers in merchandise at Green
wood, Ark, have failed. Their liabilities
are $4,000.
AN EXTENSION ASKED FOR.
FALL RIVER, MASS, Oct. 16.-Jesse
Eddy's Sons have asked for an extension.
A CALIFORNIA CAPITALIST FAILS.
SAN FRANCISCO, Oct. 16.-A. w. Bow
man, a capitalist and real estate broker,
failed to-day. He was a director of the
Clay Street Bank and the Oakland Savings
Bank, and the holder of many important
trusts. He refuses to make statement.