St. Paul daily globe., 1890-12-13
FINANCIAL FLURRIES.
Various Parts of the Country Re-
port Embarrassments.

NEW YORK, Dec. 12.-Pcck Martin & Co.
dealers in brick, with yards at the foot of
West Thirteenth street, made an assignment
to-day to George :. Hamlin, with preference
to the executors of William j. peek for Si3
UO'. The liabilities of the firm are about
S3 O,OuO and the assets about S40u,UOO.
The failure was caused by the firm being un-
able to realize OH debts due them for mate
rial furnlfhed. There are also individual
assets amounting to Sl0O,0OO above the in
dividual liabilities The $3O,D,OOJ liabilities
are secured by collateral of various kind-all
good. but which cannot be Immediately
realized on. The r. cent labor troubles that
the firm has had. il was stated, had nothing
to do with the failure.
East Tawas. Mich, Dec. 1.-THE doors of
J. W. Schmeck's bank closed at noon yester-
day. A sign hung out: "Closed-suspend-
ed" Schnack is away, and no particulars of
the failure are obtainable. The supposed
cause of the suspension is the Potts failure
Banker j. III. schmeck telegraphs from Ton
awanda: Il will not consent to q suspen-
sion. Will return and fix matters all right
Mr.. Smith, Schmeck's partner, refused to re-
eeiye over ST. 90 on deposit yesterday
CHICAGO, Dec. 1".-P. McGurn II Co. COM
mission merchants, located at lO4 Traders
building, filed articles of assignment in the
county court this morning, with Edward
Maher, the attorney, as assignee. The assets
are placed at S25,OOO, and liabilities at
S22,0OO.
BIRMINGHAM. Ala, Dec. 12-A receiver
ySotcludS tOOh VI Tile DuSllleSS Oh tDS
Bessemer Rolling Mill company, of besse-
mer, Ala. No statements of liabilities and
assets has been filed. The company en-
ployed 600 men.
PHILADELPHIA, Dec. 12-The firm of Narr
d. Freund. which failed some two weeks ago,
have settled with their creditors with notes
payable in six, twelve and eighteen months
KEokUK, TO-. Dec. 12.-The failure of the
wholesale grocery house of Collier Robert
son & Hambleton, of this place, is an
nounced. The firm filed two mortgages to j.
+. Smith, as trustee. in favor of large num-
Der or creditors, both mortgages aggregating
about 5000. 1t is said that the liabilities
will amount to 100000.
BALTIMORE, Dec. 12.-The Druid Mills
Manufacturing company, F. Gambrill,
president, has made deed of assignment
for the benefit of creditors to Skipwith Will
mer, trustee. The bond filed is S6uO.OUO.
The concern is one of the largest cotton duck
mills have been in operation since 1865.
when the first mill was completed and put in
operation. In 1872 q second mill building
was put in operation as the largest cotton
duck mill in the Unired States, which rank
Ii has since held. The two mills operated
total of 16GU0 spindles. They used about
forty bales of cotton daily.
HELENA. Ark, Dec. Attachments were
run to-day on Avery & Semmes, doing
business at Osceola Blitheville and French
mans Bayou, Arkansas. as follows: Rice
Silk & Co., S14.uO0; A. b. Treadwell,
$1,000; w. G. Gage & Co., Memphis, ss,UO0;
Schwab Clothing Co.. st. Louis, S4,0UO.
Avery and Company had previously made an
assignment, but these creditors now claim
that the assignment was fraudulent.