The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-28
THE BUSINESS SITUATE on.


MONTREAL. Dec. 27.--Lamimace Freres
have failed, with liabilities of ssS,ooo.
GREELEY, Col, Dec 27-The banking
nrm OF Hunter & West has made an assign
ment. The liabilities aggregate nearly
SlOo,o0O and the assets about S140, 600. They
expect to resume if extensions are granted.
LANCASTER, Pa, Dec. 27.--The Fishing
Greek Lumber Company assigned today.
The assets are believed to exceed the liza
bilities.
TACOMA, Dec. o7.-[Special. DIR. Charles
E. Case today assigned to j. E. Christie.
Assets, $l,9Ss: liabilities, 1886 The
property consists principally of accounts.
Phil Neis i Co. today hled an attach
ment of $500 on property and lands be-
longing to John Robinson, in Brooklyn.
Anna B. Keeble today began suit in the
superior court for dissolution of partner
ship with f. 4. Keeble in the Hamman
Turkish Bath Company, which was started
only few days ago. j. B. Bridges was
appointed receiver.
CHICAGO, Dec. 21.--According to charges
made in court today Stanley, Winston &
Co., a real estate corporation, has been
wrecked by the stock speculation of Presi-
dent P. E. Stanley. Bertram Winston,
ment of o receiver for the concern, and
that the affairs of the corporation be
wound up. Stanley is charged with mis-
appropriating $4,000. c. NJ. Walker
was appointed receiver. VIM
ston says he discovered q few
days ago that Stanley had misapplied $7o,-
600, and that most of it had gone in wild
and reckless speculation on the Chicago
stock exchange. The wrecked corporation
was organized last fall, succeeding the old
firm of p E. Stanley g. Co. Prior to the
organization of the new company Stanley
was engaged in confidential business with
certain customers, and n considerable por-
tion of his private business was never
merged into the business of the firm.
Among the transactions which the Win
stons claim were put through by
Stanley in his individual capacity were
deals with L. III. Mccormack and J. F.
Keeney, involving respectively, S45, 600 and
si25,000. After Stanley became convinced
of his liability to criminal prosecution he
give it out that the corporation was liable
TO Mccormack, Keeney and others for
moneys entrusted to and misappropriated
by him. Winston's bill said Mccormack
threatened to bring suit against the cor
ppration, and asked the court TO inioin
him and others from settling. The court
took no action on the point today, and
Mccormack filed suit against the company
for $4,000 damages. The assets, accord
ing to Winston, are sufficient to meet all
obligations, and the value of securities
held by the banks exceed the amount of
the Indebtedness by $4,000
SAN ANTONIO, Tex, Dec. 81. - The as
sets of the Maverick bank, which closed
yesterday, while more than double the
amount of the liabilities, consist largely of
real estate and other securities, which
cannot be realized on Immediately with
out sacrifice, and the policy of the assignee
will be to avoid sacrificing the interests
of creditors by hasty action. The suspen-
sion of this bank, the first in the history
of the city, has had a somewhat depress-
ing influence on local trade, but is regarded
as only temporary. Thus far there has
been no run on any other banks conse-
quent upon the Maverick suspension, and
none is anticipated.
SAN Francisco, Dec. 27.-BrGdstreet's
mercantile agency reports twenty-one fail
ures in the Pacific coast states and terri
tories for the week ending the 26th inst,
as compared with twenty-five for the pre-
vious week and seventeen for the CORE
spending week of 1889.
HELENA, Dec. 27.-lSpecial. The store
of Z. S. Whitehead, dealer in furniture
and household goods, was closed by the
sheriff today. The liabilities are about
$4,000, assets estimated at the about the
same amount