Telegram-herald., 1889-07-27

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Il Is thoagnt that this viii pract.saAy
represent tie condition Of the nrm to--ty.
II !, were not for tic factthag confidence
IN the future has been csly des-royed
they would be able 70 iiquidate ana pay al
debts in full they may TO sos however as
matters stand
just whas the direct cause OF the failure
IS Il Is hard 20 sag, but a number Of unfore-
seen calalnsties have been largely infiuea-
tial IL bringing it about The firm were
sgencs for the Conahocken worsred mills,
of which Er. Bullock was the personal
owner Nr Bullock died three months
ago. aud the affairs Il the company were
IN such bad shape that they were
forced 70 suspend. Lewis Brothers L
Co were also the agents OF the J0nns-
town worsted mills Of Johns-own,
Ia The terrible food swept the mill away,
and this was one OF the seyerest blows
which fell on the Worth street firm They
were agents for the Norumbo Manufactur-
ing Company OF Lewiston, Ne This latter
concern. beginning 70 sniff danger. took
It's business from Lewis Brothers Co,
and gave it 10 another commission house
the nrst Of the present month. In conse-
cuence OF these calamitIes the great Tall
ure was brought about
The principal creditors OF Lewis Broth
ers & Co. are banks in New York, Boston,
IhiIadelrhia. Chicago and Providence.
While the insolvent firm were the agents
OF the famous Wamsutta mills, 1t Is not
thought The latter concern viii be affected.
Itwin be seen by the assets that nearly
So 30 90 vas advanced to manufacturer
The firm found a market for the goods
turned out OF these establishments and
., 1. han
l. is impossible ut present 70 give list
Of the creditors Il is known that for tho
most part They are banks and moneTed in
solutions. but where the paper is no one
can know until reports come in The
Fourth National Bank holds some, but
IS fully secured The Broadway Bank
/ j. said 10 have had $1,000 three
weeks ago. the Central Bank 500
| %, the Park Bank SEQ Ooo and the Phoenix
& large amount. These figures, however,
are not reliable The firms acceptances
were PRINCIPALLY placed in fhilade pnia II
T. said that the New England banks hold
! the uaper Of the 6rm 90 ls-rs amounts. os
/ ueciallv IN places where there arc naiis G.
which Lewis Brothers have made advances
The firms headquarters are az No -
/ Chestnut street, Philadelphia TIE stores III
Chicaro Boston and New lorS being
bra caes The business has amounted tf
as high as 81 $4,000 year if.sell
r. a said 70 have fallen 10 SsoS ,F'
or sl00O0GgO annually. They claime'
that theis capital was Si,on'V'
and tha5 they made money ever,
wear Since January there has been douh
expressed about their financial standing
and in March last Bradstreets took ava
their capital rating and reduced thei
credit rating a grade For over twenty
Eve wears the firm OF Lewis Brothers
Co have been the leading house IN the drJ
goods trade. II was founded in thiia1e'
Ylia IN 1861
Among the mills fc- which the drm ar
sole selling agents are the Mamsntta inil I
vanraran mills. Griunell mile. AiateTsviI
mills Hamlet mills. State Cotton Compan'
NausiIle mills. Forest Dale Manuf1ctmin
Cemoanv Jewel City mills. Inunell Mar
rfar-r~inr Company. Fra1klin ManaiactH
tnr COMPANY. Hsrtel & Co.. Harffof
So Manufacturing Company, mite
s-s.es Bunting Company. shepGer
gros Richmond WOODEN mills NoooFa
,e-oien mills. Chester wooden mills safnn
bancroft j. T.. TecS. Dexrer ficlafos
Son ana s. n Faes principally New b
Gland mills wirh several iu IeunsFlFan
They are also agents in tlis CITY 81
Fr-r~0z. Henrn g nreder. ~ Paris LFon
s.e0eane Grsnot.e France Aassi'
. Tr4-as * 60 Paris and Mes rfm Coz
C.-te
rrtrrrHr-s Tniv Nr Bliss -rfrn
81 f-arfs brothers e I. ~as here .ai
g.r art after briefly examining tre et1
az ffa he reported - sa
tr-- r-r Garcia. r-ns-snen. re saw
rr why ere fHu -ae1a not rs7