The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-12-24
BUSINESS EMBARRASSMENTS.
John 0. Louis, Vincennes Grocer. Com
PEELED to Close His Doors.

John O. Louis, Vincennes Grocer. Com
PEELED to Close His Doors.
Special to the Indianapolis Journal.
VINcENNEs Ind, Dec. pa serious failure
occurred here to-day the doors of John 0. Louis,
grocer, being closed on account of suit brought
by Specker, Buddeke & Co.. of Cincinnati. The
principal creditors are as follows Specker
Buddeke 81 Co., Cincinnati, $1,000; Severn
Ostermeyer 6 Co., Indianapolis 81, 500; Fl. Hull
man, Terre Haute, $900 E. Burhaus & Sons
Vincennes. $3.50; Adam Blum, $780, j. & S. Emil
son, $500; j. Pollock & Co., $3.50. The total
assets are estimated at $l1 900, while the liabil
ities amount to more than $4,000 Mr. Louis
was very popular merchant. and he hopes to be
able to tide over his adversely and start again.
Jonathan Keith was appointed assignee.
Houston's Suspended Bank-Other Failures.
Houston, Tex, Dec. 23-~About one hundred
Of the creditors of the suspended City Bank held
meeting yesterday and adopted resolutions de-
claring the deeds of trust executed by the bank
in favor of its officers and directors, when they
knew of the banks insolvent condition, fraudu-
lent and void, and pledging their utmost endeav-
ors to have the same set aside and the depostors
paid. resolution asking that co-receiver be
appointed to act with G. F. Veins, and suggest
ing the name of Henry S. Fox for the position
was also adopted. The trust deeds referred to
were executed in favor of Hon. VIM. r. Baker,
president of the bank for $75, 900 advanced to
the bank. as security for which the bank recent
ly executed mortgage the Hutchngs House
and other valuable property, and trust deed to
Robert Lockhart, conveying valuable improved
city property. together with judgments ag-
gregating 5000 conveyed to Lockhart as Sc
curty for money loaned to the bank. The
Houston Insurance Company, here. whose
capital was badly impaired by the failure of the
City Bank OF Houston has rensured all its out
standing risks in the City of London Company
limited. The Houston company will imme-
diately wind up it's affairs and 60 out of exist
ence. The stockholders expect to lose the entire
amount of the capital, $500, 600, nearly all of
which was invested in City Bank stock.
DETROIT Dec 23.-The Holmes Lumber Com
pany this morning made voluntary assignment
to N. Dennis. The liabilities are estimated at
$45, 900; the assets cannot be stated until the
lumber in stock has been appraised TWENTY
three thousand dollars worth of NJ. G. Hyatt &
Co. 3 paper was held by the company, and was
Endorsed over to local banks. tits believed that
Hyatt 81 Co will no more than cover their mort
cages. and the Holmes Companys claims are
shout worthless. Outside Of this city the prin-
eipal creditors are Saginaw valley lumbermen
CLEVELAND, O., Dec. 23.-The following bust
Less failures in northern Ohio are reported to-
day: sharp Echenberger, dry goods, Black
Fremont; Abram Miller, farmer, Madison town
ship, Sandusky county. The liabilities and as
sets are not given. -
ST. LOUIS Dee. pm. W. Reid, retail dealer
IN clothing. boots and shoes, made an assign
ment to Breek Jones, yesterday afternoon for
the benefit of his creditors The value OF the
assets is placed at Sl1 900.
DEs MONIES, Ia, Dec. ga j. Flood, dry
goods dealer, has made an assignment Liabli-
ties about SIS, 900; assets not stated.