Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-12-20
-Four Indian su,dersrs Hanged in Mon.
tana.
GEN. MILES AFTER THE HOsTILEs.
The Owen Brothers Failure-Gen.
eral Terry's Remains
Buried.
ESPECIAL DISPATCHES TO THE REcoED-us1os. ]
FINANCIAL.
Extensive Business Formerly Carried on
by Owen Bros.

Extensive Business Formerly Carried on
by Owen Bros.
PROVIDENCE, December 19,h.-The Owen
Bros, who assigned yesterday, operated the
| Atlantic Mills. The failure involves a
| million or two, and was forced from a
| tight money market and failure to sell
goods. The Atlantic Mills, which the Owen
Bros. operated, are situated in OlneyyiIle
| factory district, and are the largest cotton
| mills in that section and employ 10000
| hands. The capital of the st. Croix Mills
| is $500, ,0G0 and $250,000 indebtedness. The
finn consists OF George and the heirs of
| Smith Owen. They did a business outside
OF general investment in milling enter
prises as indorsers, aud they were on a
large amount of paper. The st. Croix Mill
| il New Brunswick fell into their hands
five years ago es indorsers On half mill
ion of paper. They had paid off half of
this amount. and the balance of the ex-
ersion notes for S25OO0O remained for
them to discharge December 1st The
| members of the concern have, always
been considered wealthy men, and they
live in great style here. Charles D. Owen
was halloween of the famous yacht Sa-
chem when she won SO many laurels in the
great club races.
KEAN & co.
CHICAGO, December 19th.-S. A. Kean,
the banker who assigned Yesterday and
was arrested later on charge of accepting
deposit when he knew the bank was in-
solvent, made statement in Court this
morning. He said he had the statement
drawn up three days before the assignment
which placed the liabilities at S52S ,OO0 and
the assets at 1904, 600. This statement was
about 81 100000 less than that made by
Assignee Jacobs yesterday. He thought it
might not be exactly reliable. Kean said
there was large amount of personal real
estate in the hands of the assignee which
did not appear in his statement. In sum-
ming up kean's statement the counsel for
the depositors said it did not look as
though the depositors would realize over
25 cents on the dollar.
Officers of the National Women's Chris
tian Temperance Union state the losses of
that organization and its publication house,
through the failure of Kean & Co., are
misleading and they had not enough on
deposit to injure them, beyond temporary
inconvenience.
Among the petitions filed in Court to-
day was one by the Treasurer of the Ma
tional w. G. I. o., who says Kean received
from her on December 9th a note for So 900,
and smaller amounts On December 18th
and December 17th, while aware that the
bank was insolvent. A petition was also
flied by the W. G. T. U. Publishing Asso-
citation to recover the amounts deposited.
John Farson, of the banking firm of
Farson, Leach e. Co., made some interest
ing statements in Court. He was formerly
connected with Kean's house. but with
drew in 1889. When asked why, he said
he was dissatisfied with Kean's manage
ment. Ia the course of the examination
it was learned that Wilson Waddinpham a
wealthy cattleman, last July thought of
going into partnership with Kean. He got
statement of the bank affairs from Kesn,
and consulted Farson
What was the result ?" said the attor.
ney.
We'll, Waddingham didn't go in," re-
piled Farson.