The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-05-16

Simpson being a director in it, 1t was also said
that Seney had unoaded lot of these bonds on
the firm, and that their dependence on the Met
ropoiitan was such that they could Lot refuse to
be thus used.
At the firms Office long list of notices from
their correspondents, stating where drafts would
hereafter be paid, indicated how widely the
firm business was distributed There
were over 400 banks for whom they
transacted New York business, scattered through
Georgia, Florida, Texas, Missouri, Arkansas,
Nebraska, Iowa, Colorado. Utah and other Ter
ritories. Over one hundred bulletins were
posted on the door. Inside Mr.. Donnell and
Mr.. Simpson were busy all day, trying to see
whertthey stand. Lawson is in Europe.
To Tribune reporter, late yesterday Mr..
Simpson said: 1--WE are still figuring up and
trying to get to point where we can resume.
We can't tell you unything until about to-mor
row afternoon, There is prospect we will re-
sumo
Has an assignee or receive been decided
uponF
mo, sir; nothing, of that kind has been
not make an assignment unless satisfied
we cannot go on or settle our business salts
factorily without it"
"What are your liabilitiesP
I'VE can't tell exactly-in the neighborhood
of So. 00O, 000."
''How much are your assets worthl"
''They will be more than that We shall pay
every dollar, / now think"
rs there any truth in the rumor that Seney
unloaded Cleveland Youngstown & Pittsburg
bonds on YOUR
mot a word of truth President Seney has
unloaded nothing us at any time"
'What has been the character of your Sc
curites97
''They have been such as would commend
themselves to conservative judgment The
greatest shrinkage in their value has been in
some railroad bonds upon which We made ad-
vances."
cleveland, Youngstown & Pittsburg"
'"rhose and some Others"
'How much was your deposit in the Metropol-
itanfs
1T was good deal larger than we could have
wished"
Can you not resume, now that the Metropoli-
tan has done sol"
That is what we are trying to find out. We
shall know to morrow"
1T is understood that you have been offered
5000, 900 to help you out"
'sYes S. B. Elkns offered that, but that would
have been but drop in the bucket We We're
offered several hundred thousand dollars by
cable, but we must see where we stand first.
An attache of the firm told the reporter that
matters had gone so far that resumption would
be impossible. The 5000, 600 offer of S. B. Ell
kins was made in good faith and may lead to
the re establishment of the concern under new
name The members of the firm are Missouri
ans. Robert w, Donnell head of the concern,
was formerly merchant of st. Joseph, where
he owns large real estate interests and where he
is a large stockhOlder in savings
bank He is also partner in the banking firm OF
Donnell Clark & Larabie, of Deer Lodge, Mon
tana, the second member of which is the million
aire, Lawson and Donnell married his sister.
The former was a lawyer at Bonneville, Mo.
He is member of the Union League and Man
haitian clubs Simpson lives in Orange N j.
He formerly resided in Kansas City. The loans
of the house were all passed on by him. The
banking house was besieged all day with messen-
gers and clerks copying notices. and persons call
ing to have signatures identified