The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-02-05
THE BUSINESS BUDGET.
STOCKS DECIDEDLY WEAKER
salts Against the Gumefsells, ~ 81 Louis
--latest from the GALVESTON Crash
a railure ~ iiurnett Haiti
read ssd other Notes,
TAilures.
At uuRNIT, TEXAS,

BuRNHr, Jan. 2s,-lspeoial.l Jones
n Hicks, a dry goods aud grocery firm
Of this city, were closed to-day ON u
writ of attachment for 5000 In favor Of
DOdd, Brown Il Co., aud remnant x
Walker, oil st. Louis. Tho closing Of
this firm Was general surprise. LA
bilities and assets unknown.
Al SUIT IN st. LOUIS,
Sr. LOUIS, Jan, 2S.-Jaiiray q Co., OF
New York, brought suit In equity to-
day against Sheriff Harrington and the
late suspended firm of Gumersell Il Co.,
10 sol aside all leyies and Judgments
made In connection with tho failure OF
alleged IN the petition, ina.
the confession at Judgment
to James a. Gumersoli, for $1,000, was
fraudulent and designed 10 place the
assets OF the firm out oi reach OF legal
process. Similar proceedings arc TO bo
So'''d ouS to THrHOu oi E Ns@ars
Now Jersey, for $4,000. Several
representatives of other eastern credi-
tors of Gumersell 4 Co. are here, who
will probably join Jailray x Co. in these
suits. The combined claims repre-
scented arc said To amount 10 about $780,
900. Jallray & Co. have also sworn out
attachment against Gumersel! " Co. Tor
SOS, 900.
THE GALVESTON CRASH.
GALVESTON, jan. 2S.-Thero ara no
new developments In tho affairs of the
doiunct Island City Savings bank. The
excitement over the failure was some
what allayed by the call pro-
mulgated this morning for
a meeting OF depositors at
Turner's hall, att o'clock tonight, TO
determine upon a concerted line of ac-
ton, and tho call stated that no one
scented their deposit books. The meet
ing was largely attended by
men and women of every ma
tionality and shade, representatives
ofeyery condition in life, whose aggre-
gated deposits in the broken bank fully
Appropriated 100000. The meeting
organized by the election OF II
chairman and secretary. Conservative
speeches were made by Il number of
prominent gentlemen, counselliug mod
Grafton and recommending a re-organ-
ization of the bank, in which as
many of the depositors as were
able should take stock in proper
ton to their deposits, to be convertible
into cash as sosn as the financial con-
dition OF tho bank would warrant 1t, If
they so desired; or if not, to form por-
ton wS Of its ,nov capital Wauld stock bS
the amount so held, and that small de-
positors, who were unable to take stock,
to be paid in installments until their
claims were fully liquidated. The
proposition was favorabiy received,
and committee of eleven,
including Managing Editor r. G. Lowe,
of the News, and NJ. Lasker, brother
of tho late Herr Lasker, were
appointed to confer with the bank
financial condition, and when its assets
can be made available, and what propo-
sition they are prepared to make to
depositors, and to report to a
general meeting of depositors next Sat
urday night for ratification or rejection.
The committee will meet at the Cotton
Exchange Tomorrow and organize, and
then wait upon tho board OF directors,
state their object and ascertain what
of adjustment of the financial
affairs Of the bank are adopted, all at
tachuents and garnishments that have
been run against it will be withdrawn,
and it will resume business as soon as
the reorganization can be perfected.
WATSON, WELLS d yIDoR.
The affairs of Walston, Wells d vi
dor, whose failure with liabilities at
$500, 900 followed quickly upon the an
nouncement of the death of Mr.. Wells,
are undergoing investigation. Mr..
John Wolston, the senior member
of the firm, who was absent at the time
of the tragic death of his partner and
the failure of the firm, returned
to-day. 1t is stated tonight
authoritatively that Wolston,
on his arrival, turned over $4,000 and
Vidor $4,000, as the total assets of the
firm, for the benefit of a few preferred
creditors. No authentic or detailed
statement can be obtained until an as.
signment is filed.