Mower County transcript., 1889-07-31

It ls thought that this will practically
Represent The condition Of tho firm to-day.
X it were not for the fact that confidence
In the future has been largely destroyed
thcy would We able to liquit1ate and pay all
debts III full. They ,uay do so, however, as
matte stand
Just what tho direct cause Of the failure
is IL is hard TO say, but number of unfore-
s"cn calunlitics havo been largely 1ntluen-
till in bringing it about The firm were
agents for the Conshockcn worsted mills
OF which Mr.. Bullock was the personal
owner. Mr.. Eullock died three months
ego and the affairs Of the company were
in such bad shape that they were
tMccd to suspend. Lewis Brothers l.
c.. were also the agents of the Johns
town worstcd mills of Johnstown,
PA The terrible flood swept the mill away,
and this was one OF the severest blows
which fell on the Worth street firm They
rere agents for tho Worumbo Manufacture
i.g Company OF Lewiston, Me. This latter
concern. beginning to sniff danger, took
its business from Lewis Brothers T. Co.,
and gave it to another commission house
til" first OF the present month. In conse-
qucnce OF these caamitics the great fail
ure was brought about
erx " co. are banks in New York, Boston,
Philadelphia, Chicago and Providence.
While the insolvent firm were the agents
OF tho famous Wamsutta mills, it is not
thought tho latter concern will be affected
1t will be seen by the assets that nearly
0W was advanced to manufacturers
The firm found n market for the foods
turned out Of these establishments and
made 1t point to advance them money
The firms headquarters are at No. o3S
Chestnut street, Philadelphia, the stores in
Chicago, Boston and New York being
branches The business has amounted to
as high rs $l5,000,Ooo Il year. Lately
It Is said to have fallen to $4,000, COO
or slo,o0O,00o annually. They claimed
that their capital was Sl,50O, 900
and that they made money every
year Since january there has been doubt
expressed about their financial standing,
and in March last Bradstreet's took away
thei: capital rating and reduced their
credit rating grade. For over twenty
five years tho firm of Lewis Brothers Il
90. have boon the leading house in the dry
goods trade. 1t was founded in Philadel-
ph!n in 1852.
Among tho mills for which the firm are
sole selllng agents are the Wamsrtta mills,
Waurcgan mills, Grinnell mills, Slatersville
mills, Hamlet mills, State Cotton Company,
Manvil.e mills, Forest Dale Manufacturing
Company, Jewel City mills, Duunell Man.
ufact.lring Company, Franklin Manufacture
Ing Company, Hartel & Co., Hartford
Silk manufacturing Company, United
States Bunting Company, Shepperd
Bros, Richmond woolen mills, Woodvale
~oolen mills, Chester WOODEN mills, Samuel
Bancroft, J. L. Peck, Dexter, Richards h
Son and S. I'll. Eaes. principally New En-
gland mills, with several in Pennsylvania.
They aro also agents in this city for
FrancoZ, Henon Il Greder, of Paris; Lyons,
Stolicnnc, Grcnoble, France; Massing
Frcros e. Co., Paris, and Nostbaum 4 Co., of
Creiou
PH1LADE1pH1A, July 26-Mr Bliss, assignee
OF l'ewis Brothers & Co., was here Thurs
day, AMI after briefly examining the affairs
OF tho firm he is reported as having said
that with careful management he saw no
reason why the firm should not pay 100
cents Oh the dollar in course Of time.
CHICAGO, July 26-The assignment of
Lewis Brothers & Co., dry-goods commits
sion merchants of New York, had no effect
upon the dry-goods trade in this city be-
sides creating considerable Of sensation.
All the leading merchants express their re-
rrot over the failnre