The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-12-10
MANY FIRMS GO down.
Crash of Mercantile Houses all
Over the East.
ONE FALL INVOLVES OTHERS,
Bank of England Hastens to the Res
cue of New York Financier
ONE FALL INVOLVES OTHERS.
Fraud In the Deiamater Bank-One of
Whsrton Barker's Railroads Assigns
Merchants Who Are in Debt Unable
to Get Extensions.

FAN Francisco. De-. 9.-Eastland, Fowler &
Co.. wholesale crock ~ rnd glassware d III r.,
fai today; ii b ties sl92, 900. assets $5S,6 500
ARKANSAS CITY Kan, bee. 9-A sp cial
from Arkansas CITY, states that tn American
Nat onal rank mas fai "a Tn stringency in
money and nabili y TO collect caused The sus-
pension. The assets and liabilit es are ua-
known Itiscaim taat the bank viii. be able
g. resume In q few days l. un erstood the
failur was caused by the withdrawal OF iunds
OF cattiemen who had TO vac tie the Cherokee
strip. No stat ment mas yet been made.
MONTREAL. Dec. s-Lanaleo Bros. whole
sale fan, GOO q De al rs, assigned to ~, with
hahili les OF $4,000.
New YORK. Dec. s.-The sh II has closed
the factory oil the standard White Lead Manu-
fa turing Company on .xe utiouS The com.
pany WAS formed in 1889, with an authorized
capi al stock OF $20o0Jo.
rchali & II dse-, builders. assigned today.
with ilab.lui-s o. s100,000
The failure OF Coipron, Chsu1cey & Co. was
announced on the stock excha ,ge this NOR =
ing. Tue suspension n4d no ef CT on the stock
market. Inc firms cspi'a' was $50 0t0 To $75. .000
ghtingale bros. & Kuisht, Il k manufae-
turers. of Pa tersou. n. j.. have asslgned. The
Liabilities are not less than $40 1000. and the
assets arr beiieved to BE- only about half that
amount. Tie firm has been In fiancial diff
cul some time, and for week or two pss' mas
been trying to effect compromise with
creditors, but the later insist "a on an assign
ment. The firm has been lab ring under
oifticnitses for s. ven or eight ars, and the
fai urs OF their chi 4 support, J. T. Wa x r,
5 n Co., last mouth, pr cipitatei the crash.
sche es In the asslgnm mt oil the backing
firm of p. W. Galiaudet show ahili OF $685.
600, contingent liabilities s.17000. nomiua
assets $175J,0j actual assets &5i3 00 and assets
~ bAi ks as collateral $40,0
The board Of directors the National Bank
OF Com nerce this mornius took a ii u, as the
resolution reads, "w tn view to relieving the
present hnancIa d pcession and keeping the
mmercial machinery in b al by sctivitv,"
antnorza the purchase OF Q large amount of
sterling exa aage and making out such clear
ing 4 o ise Certificates as may bs nec< ssary t.
carry the ryso. utiou into effect
MEADviLLg, Pa, De-. 9-The stat m ,nt of
tie ass gded Delam ter bank is not satisfactory
and gave no great degree of hope to the depos.
itors II 10 said = warrant has bsen issued for
ths arrest oi Victor N. d 4, mater, cashi of the
bank, he bang char ed with accepting the
MONEY OF dep,s,tsrs after banking hoars and
with uii knowledse that an assignmeat was to
be announced in less than tive ,tv-fouP hours
KNOXVILLE, Tenn, Dec 9.-Tne Charleston,
Cinclnna d. Chicago railroad known a. the
three C's, TO run from here 10 Minneapolis
Va, In course Of cjps ructi0n, has been placed
III the Danus 1 receiver. IN. abilities are
said to be sS00.0J0 The Massachusetts, aud
southern Co astructon Company, bulldiag the
road, also es Into the Bands of q receiver.
McDouald, Snea d Co. contractors, are CT ditors
TO the extent OF s50o.000 The 70 I'd is one Of the
lines Ill which Bark r Br g.. OF Pniladelpnia
We're largely interested, and the fai ure of tn at
firm ut of the main supply OIL ia IDS.
BosroN. Dec Sc. W. Iugalls, shoe dealer.
has failed; Liabilities, $200.oU0 Ingalls, is unable
to state the amount of mis- assets yet. He thinks
taey may equal or exceed the Liabilities. The
dir, CT Cause If the failure was the stringency of
the money market anu insbl ty To secure ac-
commodation from banks. The firm has twenty
small stores In New Eug and aud New York.
Wh.ten q Young, wholesale clio rs have
assigned; Liabilities, $4,000 Mr.. Whitten says
the iaiiurr wil not afe i The Clothing trade in
gen, ra. 1t was Caused partially by the failure
OF Potter, Luvel, Il Co. and Gardner, Chase &
Co. AID the tignt money marx T. He could not
CIV definite atement TAe firm is rated by
Bradstreet st ,75O.oo0 10 $40 600 One gentle
man, behaved to be we'll in .ormei !, says he
thinks the liabilities will be over a mil ION, but
there is no verifcatlon If this atement The
nrin has been in business IN rty years