Telegram-herald., 1890-12-07
IL WAS TOO COSTLY
Delamatsr's 0ampaign Ezpensss
Were T0o High.
This Is Sad - 5s Oas of tire Causes
ef RS F2liare- Ssssr2i CONNER
ca Coaaps~s Reported.
krsSxD 81 rot'nos

EItNED ~ F1LfttN&
NsADyiLLE. Pa. De-. q a-Dela@ster
L Co. BANKERS Of tkis clty, &~de "a as
sigamsaG Friday neEsiag Ter tas oens-
q ef creditors. Nsssrs heEcakies
hsCtiatock. ASslxRess. tesk Immediate
pssssssisa. Tas DeIamstegs have here
tofors ea eysd ths entire eeaadsaee 81
ths business community. ana reeent ~
mors eoaosrainx snsu lave besa treat
ed - sDaa4tiax trom political rivals
George W. DslAnstsr. lAts Eepabiiean
csnaidats FOR GoyeFaor. Is pEeslasat o.
the institution.
Politics Is supposed TO be the cause
Of the failure. Some say that belsna-
ter sunk large amount Of noasy In
the e&npign. The canvass for the
nomination lasted six months and cost
enormously. wAlle after the convention
Mr.. Delamaters expenses were large
ly increased lie spent mueh
money upon marching clubs and
in aid of all manner OF organ
iEations. charitable and otherwise. paid
a liberal sum 10 the State committee,
and frequently answered the call for
funds where thoy were most needed 70
affect the election. SpEne politicians
estimate that the light cost the Senator
$3.50. 600. hut that Is parhaps too high
IT cost Quay personally sTs, 600
The first sign OF trouble At Delamster
e. Co.'S bank came Immediately after
the Senator's defeat for Governor.
Tlmld depoSitors got the idea that
Mr.. Delamater bad drawn heavily
upon the bank for campaign
funds; many who had dealings
with the frm withdrew their
deposits and when the financial
stringency OF three weeks ago eame the
bank WAS not In good Trim TO sail
through the storm. A. hRal Rnd des-
perate resort Senator Delamater this
week went last TO secure as
siStance. His only hope had
been that Philadelphia bankers
would aid him, but ho found
money as tight there as at Mead
Vile, though he had what was ord dinarily
con.idered good collateral Mr.. Della
mater. who took his defeat for Governor
philosophically. feels his financial fail
nre keenly, but hopes 10 come out all
right eventually
The assignment was precipitated by
his brotherin-law. who pressed his
claim OF $4,000. The liabilities are
about S40o. coo and assets said TO be
about the same.
FAILED FOR MILLIONS.
NEw ORLEANS, Dec. &. 6.-The cotton
house OF V. n A. Meyer bas suspended
with liabilities aggregating 81. 500. 900
and assets IS. 000. 900. This is the third
largest cotton house in the country
and supposed to be one of tue wealth
lest. They will ask for an extension
and say they will pay dollar for
dollar. The recent financial panic, the
slowness of collections and the decline
in the price of cotton each had its share
in the result. The house is composed
OF Victor Meyer. vies-presIdent Of the
Union National Bank. Adolph Meyer, re-
Gently elected to Congress from the
First Louisiana district, and Cassius
Meyer, capitalist. The firm was in
terested in twenty-five or thirty cotton
plantations and owned half dozen OF
the best sugar plantations in the State.
X
mercial house may involve several other
firms here and else owhere.
FORCED TO ASSIGN.
CHICAGO, Dec. 6.-As an immediate
result of the mysterious disappearance
of benjamin II. Campbell the Chicago
Safe & Lock Company. one OF the most
extensive concerns of its kind in the
world, has been forced to as
sign, with stated liabilities of
$780, 600 AMI assets OF s7Oo, 600. Mr..
Campbell was president OF the COM
pany, and. according to intimate friends,
sunk great deal OF money in attempt
ing 10 place the honse upon paying
basis His failure TO do so is bc ieved By
his friends TO have unsettled his reason,
and rather than tace failure he ended
his trou bles by taking his own life.
DEPosIToEs WILL BE rAID IN FULL
DULUTH. Mimi, Dec. 6.-The as
signee OF the suspended Bell'& Eyster
Bank and OF II. B. Bell. its
proprietor, has completed state
ment of the assets and liabilities.
The former amount to si,1S9 626 and
the latter to $50. $50. or surplus OF
assets over liabilities OF s3es, 1856 A
feeling OF renewed confidence exists.
which Is increased by the excellent
showing made by the suspended Bank
of Commerce at Superior. Depositors
OF the institutions will be paid dollar
for dollar and both Will doubtless be re-
organized.
THE FAILURE RECORD.
NV York. Dec g. The business
failures occurring throughout the cour.
try during the last seven days bumb Der
cl2 as ompared. with $50 last week. Fcr