Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-11-30
STATE MONEY HELD
BY the Firm of Jamis0n & Co. Secured
by Bonds of 100000
WHICH TREASURER BOYER HOLDS.
Liabilities of the Broken Banking House
Amount to $1,O00,OOO.
MOSTLY DEPOSITS OF STATE BANKS

ESPECIAL TELEGRAM TO THE DIseArcH.i
PHILADELPHIA, November 29.-The
liabilities of the banking. house of B. X.
Jamison & Co. have been approximately
estimated. They will amount to 81, 100000.
Samuel Gustine Thompson says the de-
posits of the various State banks and
individuals will constitute the bulk
of the liabilities, and will reach
about $s00,O00. 1t is estimated
that liabilities in other directions will run
up to like figure. There is no estimate OF
what will be the amount of the assets. The
street is utterly unable to arrive ab any
opinion of this end of the assignment.
While this is true, the prevailing impress
sion is that B. X. Jamison & Co. have suf-
fered heavy failure, and that only by care
full moving of the securities can the firm be
able to come out whole.
ARE NOT BEING PUSHED.
The house. through Mr.. Jamison, ex-
pressed itself as being we'll pleased with
the treatment received from all the creditors.
They have not pressed their claims to secure
immediate payment, and the firm is satisfied
that they will not. Mr.. Jamison asserts
that if this good will continues to be shown 10
the house the creditors will receive all that
is due them, ard they will probably be able
to resume business in a very short time.
1t is definitely known that the failure of
the banking house will not ipple or cause
a collapse of any local institution. There
are many creditors in the city, but they are
mostly private individuals. But there is
every uncertainty as to what will be the
outcome OF the insolvent firms connection
with so or 100 banks throughout the State.
Fears are unwillingly entertained that the
Jamison failure may possibly lead to dis
ruption of some of these.
1t has been found impossible to learn from
B. X. Jamison & Co. what they owe to
these country banks. The firm says it is
not in a position to give out the amount of
the accounts with any one or all of these
institutions.
Mr.. Jamison and his colleagues, however,
hold the opinion that the accounts are not
large enough to produce any serious results,
and that there is no reason why run should
be made on the country banks.
HELD $4,000 OF STATE MONEY.
The news that B. K. Jamison & Co. held
S25, 900 of the States money caused consid-
erable interest on the street during the day.
There mad been rumors that the firm had
some of the Commonwealth funds, but not
much credence was placed in them. When
State Treasurer Boyer heard of B. K.
Jamison & Co.'S failure on
Friday, ne Immediately FASTENED from
Harrisburg to this city. The
State Treasurer held consultation with
Mr.. Jamison and Assignee Thompson.
Through his private counsel, j. Quincy
Hunsicker. the State Treasurer entered a
record in Court of Common Pleas No. 4 of
the two bonds given to him to secure his de-
posit of State moneys with the insolvent
firm.
Each of the bonds was for 500, 900. One
was signed by the members of the firm in
the name OF B. X. Jamison & Co. The
other was signed by the members of the firm
in their individual capacity.