Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-05-16
poNNELL. LAWSON AND SIMPSON.

NEW YoRK, May l5,--The New
York Tribune OF Friday will say:
The statements made by mem
beers Of DoDnell. Lawson & Slmp-
son on Wednesday, that their
suspension was due wholly to
the suspension of the Metropolitan
National bank, were not confirmed.
Yesterday, the Metropolitan having
resumed, similar action on the part
of the banking firm was
nnxiousiy waited. Toward the close
of working hours II began 10
iailure would be TOTAL. honda
of the Cleveland, Youngstown
q Pittsburg railroad were mentioned
us the matter In which they had been
most crippled. This was the security
over which the Bank OF the Republic
directors had difference about
month ago, which resulted la Prcsl-
dent Fords resignation. The Bank of
the Republic was one of
two banks with which Donnell,
Lawson Il Simpson did business.
Simpson had been "A director la It, It
was said George 1. Seney had
nnlonued lot of these
They will be more than that. We
shall pay every dollar, | now think.n
ia there any truth In the rlmors
that Seney unioaded Cleveland,
Youngstown aud fittsburg bonds on
you ~
mot word Of truth. President
Seney has unloaded nothing on rs at
any time.n
what has been the character OF your
securliles?p
fIhnu haua Aa....
mend themselves 10 conservative ludg,
ment, Tho greatest shrlnkage In their
value has been In some railroad bond,
upon which we made advances :.
Cleveland, Youngstown and Plttsburg
those and some others.
How much are your deposits In the
Metropolitan
1t WAS IA good deal larger than W,
could haye wished
now that the MetropoIln,
has done so? That IL what we nie try
ing to find out. We shall know Il
morrow.
Is understood you have been %
Tered two hundred thousand 10 hei
You out,
ponds on tho firm. aud that their d,
pendunce on the MetropDlitnu wa
he thus ufed. At the iirm'a ollio
on broadway there was Ion
list Of notices from their CORE
hpondenls stating where drafts woul
hereafter be paid, which indicate
how widely their business wa
distributed. There were over Il
bhnhs for whom they transnole
New York business, Acnttorp
Through Georgin, Florida, Texn
Missouri, Kansas, Arkansas, N
braska, Iowa, Colorado. tIl
ana other territories. over II
bullelins were posted an The door Ii
aide, Donnell aud Simpson were bni
All day trying To see whore they stan
Lawson Il In Europe.
10 y Tribune reporter yesterdu
iigudng up aud trying
get 10 the point where wa Gun resum
We canit tell you nnythli
until about Tomorrow Mt.
noon. There Is prospe
that we VIII resume. That h ii
point toward which our arrangeme n
are tending.n
"Hasthe assignee or receiver bee
decided upoa?"
No, sir; nothing OF that kind i,
been or Will be done now. We shl
INV make mn assignment unit
satisfied We cannot 20 on or settle o
business satisfactorily without it,
What are your liabilities?p
"Ve can't tell exaatly-in tho nela
Lorhood OF three niillions,n
''fi0w much are your psseis worth
"fes, y, Il. ie!kina offered that, Il
that would have been drop In /
bucket, We were Offered several In
bred thousand dollars by cab
but we must see where we Atnnd frat
One aitnebe Of the firm told
porter that matiers had gone 40 far n
resumption would be inp0asib
The oiirr OF 100000 by n. u. Elk
was made IN good falthaDd IL may le
10 the fa'esinbiishment Of the oonue
undor now name.