The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1884-01-20
GUION GONE |
The Great Steamship Man Assigns
for the Benefit of His Creditors.
An Expensive Boiler Explosion in
Cincinnati.
The Evidence i'm the Mutt Case
Closed.
Gulon Goes Down:

New York ,,19.-Willism 81. Guiop
OF the late firm of Williams & Guion
has made an assignment for the beneh
Of Individual creditors. The firm o
Williams & Guion, yesterday, dissolved
in consequence of the embarrassment O.
William 81. GuioD. Guion's lisbilitie
are rumored at 50. 900, 900.
The assignment was made to Avery
l.. Bacon. The failure results solely
from outside operations. The credit o.
the firm of Williams & Guion will not bt
impaired, as il has been known for some
time that his interest in the steamships
and other assets Of the firm had been
largely withdrawn.
Guion's troubles concern himself
Only, the firm of Williams & Guion
not being at all affected by the as
Segment. A. L. Brown, the as
signee, said Guion had made d clean
assignment without preferences. II
can form no definite idea of the liab-
ilities, but do not believe they will
reach $4,000 or half of it. AS to
the assets nobody can even approx
innate them. I do not know that
Guion is insolvent. He thinks he
lie, and asked me to be his assignee,
to which I agreed. L don't know
the cause Of the trouble; have heard
that GuiOn had been too good
hearted in the matter Of lending
money to friends. | know him to
be an extraordinarily large.hesrted
man, unable to say no to some peo-
pie, SO it is possible he has made
some bad debts in that way. The
company cannot possibly be hurt,
as Williams & Guion were only
agents. l think Guion had no inS
terese in the steamship line. He
may have held some stock of the
company; don't believe ne has been
specializing. shall begin on Mons
day to prepare schedule, and when
it is compile; ed we can tell exactly"
The firm of Williams & Guion
was dissolved by mutual consent on
Friday. The new finn, under the
name of Guion & Co., comprising
Stephen P.Guion, younger brother
of VIM. H. Gu'on, whose residence
is in England, and VIM. II.
Guion, jr., Will represent the
company in this city hereafter. Sew
eral judgments have been recorded
recently in the Office of the county
clerk against Guion, and suit is now
pending in the Supreme court,
brought by Z. Duncan Sniffen, as
stakeholder in the Stringfe!lOw
God Mining company, in behalf Of
himself, and others who may join
him, in the action against William
III. Guion and others, as trustees OF
the company, for accou lting. The
company was organized in this city
in 1879, with capital stock of 81
500, 200. 1t is alleged that Guion, in
with other trustees of the
gave the whols capital
stock in exchange for mining prop
erty, and subsequently got it back,
and placed it on the market rs fully
paid capital stock; that afterws rds
they divided it among themselves
as individuals. This action was
brought to compel the defendants
to account to the company for the
capital stock.
Schedules in the assignment of
Willet Bronson. lawyer, were fled.
The debts and liabilities amount to
s653, 261, of which S370,343 is fully
secured. Contingent liabilities,
$4,000. The assets are stated as
lominslly worth S1,22O.6OS, and
&c. ually worth about 729,S9S.