Savannah morning news. [volume] (Savannah) 1868-1887, 1885-09-30
FAILURES OF THE YEAR.
Dun Il Co.'s Good Showing for the Three
Quarters.

NEW YORK, Sept. %. The well-known
banking and brokerage house of soutter &
Co. has made an assignment to Morris
S. Miller, with preferences amounting to
S69, 900. W. X. SOutter also makes per-
sonal assignment. The general impress
sion is that the assignment grows out of
legal contest over the will of Mr.. SOut-
ters father, but this is denied at the office
of the firm, where it is stated that the firm
has no outstanding contracts on exchange.
A statement has been prepared and given
for publication. 1t is probable that the
suspension will be only temporary.
THE FIRMS STATEMENT.
The following is the statement given
out by SOutter 4 Co.: "Our assignment
is simply caused by the failure OF our Gus
toners to deposit margins as called. Our
business has been large one, and the
amount due us I'm the aggregate is large.
When collected we shall have large sur
plus. We have no unsettled accounts
and none of our stocks will be closed un-
der the rules. We shall undoubtedly re-
sume."
THE FRAAIINGHAM MUDDLE.
Boston. Sept. 29.-The Supreme Ju-
dicial Court has ordered that an injunc-
tiOn be issued restraining the Framing
ham savings bank from further proceeding
with the business of the corporation, eX-
cepU so far as may be necessary to main
tain and continue the organization Of the
savings bank, and collecting and Teceiy-
ing money due until after full hearing
has been given. The question of a per-
manent injunction will bo considered
Tuesday, Oct. -.
THE RECORD FOR 1885.
The mercantile failures in the United
/ States for the quarter ending Sept. 30,
being the third quarter of the year, rs re-
ported by r. G.. Dun Il Co.'s mercantile
agency, number 2,l73, as against 2.346 in
the corresponding quarter of 1884. The
Liabilities show a remarkable decline,
amounting during the last quarter 20
S23, 800, 900, as compared with sos 100000
in the third quarter Of 1884. For the nine
months ending with September the lail-
ures show u slight increase in number
over those Of last year, but very marked
decline in the liabilities. For the nine
months OF 1885 the failures foot in mum
ber S,167, as compared with 1866 for the
/ first nine months Of lSS4--an increase OF
! 81. The liabilities. however, for the first
nine months or 1885 we're only S97,000,O0O
as compared with SlSl.000,OO0 OF liabili-
| ties in the first nine months Of 1884.
THE RECORD IN CANADA.
The failures throughout the dominion
OF Canada, for the quarter ending sept.
| 30, amount In number 70 254, As compared
with 227 Tor the corresponding quarter OF
! 1884. The liabilities, however, show a
marked decline. For the third quarter OF
! 1885 the liabilities are Sl,0ll,0OO, wnie
! the liabilities for the corresponding quar-
! ter in 1884 were S4,ll2,000. For the first
| nine months of 1885 the total failures num-
| Der 9l4, rs compared with 9I9 for the ilrst
nine months in 1884, but the liabilities
show n remarkable decline, amounting
I for the first nice months OF 1855 10 a triile
over s7,000.0O0 while ia 1884 for the hrst
nine months the liabilities amounted 10
! l4.S55,O0o.
AGLAss COMPANY BRoKKh.
LOUISVILLE, KY, Sept. 20.-ree Jeiier-
/ sOnville Plate Glass Works made an as
/ signment to-day, and 100 employees were
notified that the works would be shut
down Immediately. The liabilities are
said 10 be largely in excess Of the assets.
Tho failure is said 10 DO due to inability
TO compete with manufacturers who use
gas instead Of coal for fuel for manuiao-
] turing purposes.