The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-01-29
THE BUSINESS BUDGET.
STOCKS DECIDEDLY WEAKER
Suits Against the Gumersells, of st. Louis
--latest from the Galveston Crash
"A Failure at Burnett-Rail-
road and Other Notes.
Failures.
AT BURNETT, TEXAS,

Al hOhNhi, lEAAst
BURNET, Jan. 28.-[Special.l Jones
q Hicks, dry goods and grocery firm
of this city, were closed to-day on |
writ of attachment for $1,000 in favor of
Dodd, Brown IL Co., and Tennaut Il
Walker, of st. Louis. The closing of
this firm was general surprise. Liza
bilities and assets unknown.
A SUIT IN ST. LOUIS.
ST. LOUIS, Jan. 2S.-Jaffray IL Co., of
New York, brought suit in equity to-
day against Sheriff Harrington and the
late suspended firm of Gumersell & Co.,
to set aside all levies and judgments
made in connection with the failure of
alleged in the petition, that
the confession Of Judgment
to James A. Gumersell, for $3l, 900, was
fraudulent and designed to place the
assets of the firm out OF reach OF legal
process. Similar proceedings are to be
fessed to Turnbuli, Richards
New jersey, for $4,000. Several several
representatives of other eastern credi-
tors OF Gumersell IL Co. are here, who
will probably join Jaffray e Co. in these
suits. The combined claims repre-
sented are said to amount to about $780,
600. Jatf'ray & Co. have also sworn out
attachment against Gumersell Il Co. for
$4,000.
THE GALVESTON CRASH.
GALVESTON, Jan. 29.-There are no
new developments in the affairs OF the
defunct Island City Savings bank. The
excitement over the failure was some
what allayed by the call pro-
mulgated this morning tor
a meeting of depositors at
Turner's hall, at : O'Clock tonight, to
determine upon a concerted line of &C.
ton, and the call stated that no one
would be admitted unless they pre-
sented their deposit books. The meet
ing was largely attended by
tionality and shade, representatives
ofevery condition in life, whose aggre
gated deposits in the broken bank fully
Appropriated 100000. The meeting
organized by the election of 1
chairman and secretary. Conservative
speeches were made by number Of
prominent gentlemen, cOuuselling mod
GRAFTON and recommending q re-organ
iZatiou Of the bank, in which al
many of the depositors as wert
able should take stock in proper
ton to their deposits, to be convertible
into cash as soon as the financial con
dition OF tho bank would warrant it, i
they so desired; OF il not, to form a por
ton of its capital stool
j., on which they would b
entitled to dividends in proportion t.
: the amount so held, and that small de
: positors, who were unable to take stock
I to be paid in installments until thei
, claims were fully liquidated. III
1 proposition was favorably received
; and a committee of eleven
t.,p l.
: of the News, and Nj. Lasker, q brothe
j appointed TO confer with the ban
o directors and ascertain its exac
financial condition, and when its asset
s can be made available, and what propt
j. sition they arc prepared to make
l. depositors, and to report to
l. general meeting of depositors next Sa
o urday night for ratification or rejection
p The committee will meet at the Cotto
u Exchange tomorrow and organize, an
l. then wait upon the board Of director
state their object and ascertain wha
s. they propose to DO. If this pta
Y, of adjustment of the financii
er affairs OF the bank are adopted, all a
tachments and garnishments that haI
been run against it will be withdraw
and it will resume business as soon
at the reorganization can be perfected.
nt wALsToN, WELLS d VIDoR.
The affairs of Walston, Wells d V
II dor, whose failure with liabilities
10 100000 followed quickly upon the q
o. nouncement of the death of Mr.. Well
IS are undergoing investigation, NJ
TO John Wolston, the senior memb
mt of the firm, who was absent at the tin
or of tho tragic death of his partner al
d. the failure of tho firm, return
of to-day. 1t is stated to-nig
h. authoritatively that WolstC
tv on his arrival, turned over $4,000 a
sc Vidor $1,000, as the total assets of {
ed firm, for the benefit of q few PREFER
creditors. No authentic or detail
II. statement can be obtained until All
ST. signmont is filed.