Savannah morning news. [volume] (Savannah) 1868-1887, 1885-07-25
FAILURES IN BUSINESS.
Cincinnati Manufacturers of Bedsteads
Go Under.

CINCINNATI, o., July 2i.-Peter Agger
and Herman Sanning, manufacturers OF
bedsteads, under the firm name OF Agger 81
Sanning, made an assignment to Jordan
Bodomer yesterday for the benefit of their
creditors. The estimated liabilities are
over $l25,000. The estimated assets are
SS0,000. Mortgages have been made by
the firm for some 10000 covering all
their property. The firm have been falling
behind some time.
THE MUNSTER BANK,
DUBLIN, July 2f.-The directors Of the
Munster bank propose to resume busi-
ness. For this purpose they will issue
debentures bearing per cent. Interest.
They have abandoned all hope OF obtain
ing assistance from the government or the
Bank of Ireland
PROPOSED PLAN or RELIEF.
LONDON, July 24.-'rhe Irish members
of Parliament, after consulting with the
government, have advised the committee
appointed by persons interested in the
Munster bank, to again apply to the Ban K
of Ireland for a loan of G600. 900 on the
guarantee of dep0sitOrs that dep0s-
its to the amount OF Gl,000,000
will be allowed TO remain in the bank for
bank to deposit with the Bank Of Ireland
all the securities In its possession and TO
call on the shareholders for 80 shillings
per share. 1t is believed that this scheme
can be carried out. The committee has
rejected the proposal Of Mr.. Shaw to raise
money in England with which 10 liquidate
the banks Indebtedness.
BROKERS' GONE UNDER.
SYRACUSE, July 2l.-Bubcock & An
drews, brokers, have failed. They were
short 600, 600 barrels Of oil which precipi-
tated the failure. Their assets are esti-
mated at $4,000, and their liabilities at
N$i50000.
The firm was Of the "bucket-shopo class.
Its principal office was in this city, and
1t had 80 or 40 branches. principally in
Central and Western New York. but three
of them were In Canada. Babcock was
formerly Central railroad conductor,
and Andrews an insurance clerk. They
started in 1882 in Troy, aud extended their
business rapidly. They have lost heavily
in wheat, oil and stocks. Their assets
consist principally of Office furniture ana
customers notes, nominally amounting
TO 100000, but they are practically value
less. Their debts cannot be asCertained,
but rumOr places them at various figures,
from S500,0O0 down. Bucket-shOp players
all over the State are heavily hit.
PLow MAKERS ASSIGN.
EAU CLAIRE, Wis, July 24.-The Eau
Claire Chilled PlOw Company made an as
signment yesterday, the principal credi-
! tors being the bank Of Eau Claire, the
Chippewa Valley and the First National
/ bank. The bond of the assignees is $lOG,-
600. No statement Of the assets and liza.
bilities has yet heen made.
FAILS AND ADsCONDs.
LONDON, July 2l.-Evan Vaughan, the
auctiOneer, has failed and abscOnded. His
liabilities are E250,000. Extensive for
gerles are attributed TO him.
DUN CO.'S REPORT.
! NEW YORK, July 24.-The business
failures occurring throughout the eoun-
try during the last week, as reported to
r.. O. Dun e. Co.'s mercantile agency,
number for the United States 1872 and for
Canada %, "A total OF 2l5 against, 22J last
week and lSJ the week previous. The
| bulk OF the failures are reported from the
| Western and Pacific States. In other
sections Of the country the business cas-
ualties are below the average.