The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-21
RECEIVERS APPOINTED.
Extensive Eastern Business Firms SuCCumb
to The Money StringenCy.

CHICAGO, Dec. GOV. D. Budd has been
appointed receiver for the property of
Brayton Bushee. real estate dealer and
builder of this city. Bushee's liabilities
are estimated at about 100000. He claims
that he will be able to pay in full and have
something left
CHATTANOOGA {Tenn.), Dec. 2o.-The
Helena Wood and Coal Company has made
application for the appointment of re-
ceiver for the South Tredegar Iron Com
pany Of this city, declaring it insolvent.
The Indebtedness of the iron company will
reach 100000, and if allowed to conclude
the sale Of its property it can pay up. The
Atlantic Trust Company holds deed of
trust of the property in question for 100000
to secure bonds.
, EAST TAwAs (Mich.l, Dec. 2o.-J. Il.
Schmeick ~ Co.'S bank here has made an
assignment. The institution is now in the
hands of Harting & Nesblt of TawaS City.
II is impossible to state now what the liabil-
tiles are.
PROVIDENCE Or. I), Dee. 2o.-Tne as
Signee of Owen Bros. has made state
ment showing the gross Indebtedness of
the firm to be about Sl,0O0.OO0 The value
OF the assets it is impossible to state.
NEW YORK, Dec. 20-The VerticaltGbe
Boiler Company is financially embarrassed
and turned over its business to Frank l..
Froment the largest creditor, who will con-
duct it.
S. V. White was interviewed on the caucus
Financial Bill He was averse to talking
about the effect of the bill, but believed that
some gold had been locked up, but only in
small amounts, and when the holders found
their expectations unrealized they would re-
lease it and invest in stocks.
The weekly bank statement shows the
reserve has increased S3,S92. 900. The banks
now hold 81, 1872 600 in excess of the legal re-
QuirementS.
CHICAGO, Dec. 20. "A dispatch from
Sioux City. Iowa, says the large commis-
sion and livestock firm of Strange Bros.
flied mortgages to-day aggregating $4,000.
1t is believed the liabilities will reach $780,
600. The assets are large, but the amount is
not definitely known.
BIRMINGHAM (Conn.). Dec. 90 - The
woolen firm of r. w. Lewis S Son at An
sonia assigned to-day. The liabilities are
$4,000. and assets small.
THE KEAN FAILURE.
CHICAGO, Dec. 2O.--The assets of S. A.
kean d Co., the suspended banking firm,
are growing sadly less as the proceedings
in court progress Cashier Warner testified
further to-day regarding the affairs of the
bank, nothing startling being adduced. w.
j. Mcdonald, at the head of the bond de-
partment, testified that the yearly profit on
the bonds was about $4,000. When the
bank closed, of about S36S, 900 worth of
bonds on hand all but 5000 were pledged
as collateral. A number of new cases were
filed to-day by persons claiming that they
were permitted to make deposits after the
bank was insolvent. Kean to-day delivered
articles Of agreement, made two years ago,
by which Mrs. E. M. Culver became an
special partner. This partnership was
subsequently dissolved. The articles con-
tanned this peculiar paragraph: 1.-THE busi-
ness of the firm Is to be conducted on
strictly Christian principles and according
to the teachings of the Bible.'
GOLD IN NEW YORK.
NEW YORK, Dec. 2O.-The steamer Lain
arrived this morning with gold amounting
to 94S0,000. The tOIal received by the
lahn and the Majestic is equal to S4,-
100000.