Telegram-herald., 1890-12-11
FORCED TO CLOSE
A AHanber Of Disastrous Conner
eial Collapsss.
The Rsspensibiiis in ths MAJ Rests
uPoa the Contioosa Mare
tzrr Sringsaef.

b4F1sts 4 fo4ay. Wholesale esetassgs.
3 WlatkrOp sQazrs hass made An as
slxnnsnk 1nsAx liabilities are aboas
s1eo. ca CA4rles Il. Allsn. president
Of ths centF4i Nstloa4l B.as. aRa Joa-
sshaa A. Lane. Of Allsa. L4ns s Co.
are ths assix xnssA
Mr. Whlttsa said sAOaF failure IS
nothinS shzk slu Affect the ciothiBz
trade IN general IL really happened
ssoat thF~s meaths ago ~ tae uDe u
ths fallors sf Potter. Lowell & Co aRd
Oardasr Chase s. Co. sad a4s caused
partially b. those failures and by the
tight money marksL+
SIR. Nhittsn has been In business for
thirty years and his house has held
high raak IN The business eemmanitY.
The nrm is rated by Isradstreet AZ $780,
00c 70 81. 600, 600. At the tine OF tho
Potter lowell failure the liabilities are
said 10 have been sT0o 90 and assets
nearly o.. co.. 900
@. w. Ingalls, & Cos shoe house as
signed Tuesday; liabilities. 500. 0o0
They were probably the largest shoe
dealers throughought Massachusetts,
and operated thirty stores Mr.. Ingalls,
WAS unable 70 say What the firms
assets were. He thought very
likely they might equal or ex-
care 20 make that positive assertion
until he had Investigated further. Tho
direct cause OF the failure. said he. lis
the stringency OF the money market
and our consequent inability 10 secure
accommodation from the banks Our
firm is not on any outside paper, and
hence Endorsements OF paper have moth
ing to do with the failure" Mr.. In
gals constitutes the present firm. and
has twenty small stores scattered about
Boston. New England and New York.
Nrw YoEx. Dec. l0.-The firm OF
Nightingale Bros. & knight, the silk
manufacturers OF Paterson. n. j.. has
made an assignment to Judge Barka-
low, OF Paterson. Their liabilities. il is
said, are certainly not less than $500, 600,
and their assets. IL is believed. amount
90 only about half that sum. That, at
least Is the estimate OF the firm itself.
Roberts, Cushman & Co. hatters'
goods. assure their creditors that the
$500 COO and that there are enough
assets in tho business to pay all the cred
itors outside OF the partners private
property.
The suspension of Messrs. Colbron,
Chauncey & Co. announced Tuesday
on the Stock Exchange, had no effect
on the stock market, as the firms en-
barrassmsnts have been understood for
some weeks The s>pital OF the firm
was from $40. 900 to s7s,OoO
John A Burchell and John E.
Hodges, OF the firm of Burchell &
Hodges builders at 206 East Fifty-Sixth
street have assigned TO JohnJ. Burchell.
Debts about 500, 900.
New YoRK. Dec. 1o.-Charles II.
Hamilton aud William f. Bishop, COM
prising the frm of Hamilton 81 Bishop,
stock brokers and bankers, Of 90 Broad
way, have made an assignment
TO Herman Aaron, with the fol-
lowing preferences: Jane s.
Bishop. of Norwalk, Conn. s3l, 47O
for money and securities loaned, and
Jim Stevens, Rome. n Y, 81. 900, also
money loaned. The firm has been in
existence twelve years. and was former
ly quite prominent. but of late il has
fallen back. and the failure is consid-
cred unimpoetsnt
PHILADELPHIA, Dec 10.-The Times
says ID. w. Morey, who. until recent
ly. with Charles r Craig, carried on
the business OF paper agents at Sew
enth and Jayne streets. under the
81 Nv .
Co. has left the city. and the firm is
out OF business. Morey leaves debts be-
hind amounting TO Sos. 00l Some OF
his creditors declare that he has
swindled them. and his partner, who
has remained in the city, is under ar
rest
MEADvILLy. Pa. Dec. 10.-A warrant
has been issued for Victor NJ Delamatsr,
the cashier OF the collapsed bank on a
charge OF receiving deposits after the
bank was insolvent 1t is believed the
Delamaters can not pay over 10 cents on
the dollar. 1t is understood that unless
the failure Is proved TO have been with
out crooked work. a number Of criminal
actions win be begun AZ once.
MENrHIa Tenn. Dec 10.-N. l. Az
cry and Raphael Semmes, conducting
business under the firm name Of
n. l. Avery & Co, at 0sceola
Ark. Avery & SHINES at Blythe
vills. Ark, and ". L. Avery at
Frenchmsn's Esyou. Ark. made
an assignment Tuesday afternoon
a. osceols. Ark. They were the princi-
pal merchants OF that town. Liabili-
ties. 1900; due principally to Mem
phis and ST. Louis creditors. The fail
ure Is attributed 20 poor crops and
/ Inability 20 make collections.
ARKANSAS CRY. Kan, Dec 10.-The
American National Bank Of this city
has closed It's doors for a lack Of funds
to meet iss obligations The strin-
gsncy Of the tines and inability 20 col
lscs money that they have loaned are
/ assigned ss the csuse OF the failure.
MosrREsI- Can. Dec. 10 lo-Lannsiioo
Bros. Wholesale fancy dry-goods deal
ers. have msde an assignment The La
I abilities are SIS. 0oe, assets. SO. 600.
Nrw YORK. Dec f0-Over s.. 900. COZ
Z in gold will start from Europe this week
F for New York Nearly all this will come
F By the steamer Majestic. which has
Just sailed This gold viii tend very
+ strongly torelievs the money stringencY
/ in this conatrv. the extent q which was
shown Monday VIXEN the rates for
uonev advanced 70 i per cent and in
terest for no apuarent cause except fear
/ en- the part - capitalists
R.vsg-s - tRs aessian Ylv.
+ To-rua Eau De 10 -Rnuo~ts f~~-7