St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-14
FINANCIAL FRAILTIES.
Various Firms Forced to Go Into
LiQuidatiOn.


Boston, Dec. l3.-The first meeting of
creditors of the defunct woollen firm of Will
lam Bloom g. Co. was held yesterday, and
W. NJ. Bowen, by a vote, was appointed as
signee.
BALTIMORE, Dec. ia meeting OF the
creditors of the Gambrill Manufacturing
company, which failed yesterday for $500
QUO. Was held to-day. An exhibit of assets
and liabilities showed that even If forced to
sale at SO cents Oh the dollar the amount
realized will pay every obligation in full.
The mill will Continue its operations.
MONTREAL, Dec. l3.-J. NJ. Duchene & Co.,
dry goods merchants, of Quebec, have been
compelled to assign by reason of the failure
of Thlbaudeau Bros. The Liabilities are
large. The owners of the Dominion Cotton
Mills company, which now controls all the
mills in Canada decided yesterday to sell out.
made all assignment today 10 the Land Title
and Trust company, of this city. No state
ment of the firms liabilities or assets is OBJ
tainable at this time.
$50, 900 has been issued against the Pittsburg
Lumber company. The trouble grew out of
a dispute among the partners and an applica-
ton fJr the appointment of a receiver.
CHICO GO, Dec. l3.--The business of the
Morrison, Adams & Allen company, paint
manufacturers, has been closed by the sher-
IF on confessions of judgment aggregating
over $2S,Uu0. The liabilities are placed at
S5O,0U0, with assets in excess OF that
amount.
LONDON, Dec. 13.-Edward Elliott a
broker, was to-day at The stock exchange de-
clared a defaulter on his contracts on the ex-
change. His liabilities are considerable.
Over speculation in Belle Asbetos shares is
given as the cause of his embarrassment. Sew
seral jobbers in the American department OF
the market are reported to be involved.
NASHVILLE, Tenn. Dec. l3.-H. o. Ham
brough L. Co., of Peacher's mills, GAINESVILLE,
Tenn. have failed. Their liabilities are
about $50, 900, while the assets are estimated
at more than the liabilities.
CINCINNATI o., Dec. I3-An application
was made this afternoon by VIM. Bell for the
appointment of a receiver for the large dry
goods house of Bell, Miller & Co., of this
city. The petition alleges the firm to be in
solvent. The representatives of the prinei-
pal preferred creditors, Lowry jackson, for
natl, ana Leo Frank, for Clafin d Co., Of
New York, closed the store this afternoon
and are now in possession. Large chatlel
mortgages are out. Leo Frank estimated the
liabilities at S265, 900, assets at $3.50, O0J.
He thought that the firm would be able to re-
sumo business very soon and believed that
creditors were safe.
New York. Dec 13.-It was reported in
financial circles to-day that the Trow Print
ing and Publishing company had asked an
extension of four months on some of its
paper bearing the Endorsement of Fl. K.
Thurber, which has been readily granted by
TOUR Danks nololng IL. Inc amount OF the
paper was not definitely known, but 1t was
currently stated that the Importers and
Traders bank held $4,000 and that $50, 600
had been placed by brokers ana placed d.
rectly with the banks. President Perkins, of
the Importers and Traders bank, said to-
day that he was very sorry that the matter
had become public. for he considered the
company to be perfectly solvent. His BANK
held some of its notes. which were extended.
All the notes discounted by the bank for the
company bear the Endorsement Of FL. X.
Thurber, and the bank was not worried in
the least, for Mr.. Thurber's statement of his
assets foot up between SO, 900 and 81
00U,0Ot'. Mr.. Per kins said he understood
the company only wanted time until collec-
Gaps after Ian would ba9in to coma in.