Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-08-08
Pacific Coast Failures.

SAN FRANCISCO August 7th.-The Bradstreet
Mercantile agency reports ninety failures in
the Pacific coast States and Territories for the
month OF July, 1890, with assets s2s6, ,626, and
liabilities s503 ,60S as compared with sixty-fve
for the previous month, with assets Sl49 $50,
and liabilities SlS7.So5; also sixty-nine for the
corresponding month of 1889, with assets S133,-
500, and liabilities 1902, ,4G6.
The failures for the past month are divided
among the States and TerIitories ss as as follows
ties, s357,326. Oregon : Failures: 10; assets
sSs, ,750 liabilities, s5S.477. Washington-Fail-
ures. l6; assets, s59525; liabilities, So 400. Ari
zonaFailures, assets sS0l; liabilities. s., 500
Nevada = Failures, 1; ass.ts, $500; liabilities
$500.
The following are the causes assigned for the
failures, viz: Incompetence, 81; inexperience
10; inadequate capital for the extent of the
business undertaken, 81; injudicous creditiDg,
9; personal extravaganza, neglect of busl-
ness and bad habits, s; excessive competition
8; unfavorable circumstances, 9; fraud, 4.
lone Races.
lone, August 7th.-Third days races. Three
quarters of mile dash, Duke of Milpitas first,
Altus second. Time. lis.
Mile and repeat Tycoon won in two straight
heats, Dave Douglas second: Best time. l:46%.
Three-eighths of mile and repeat Hawthorne
won both heats, Inkerman second. Best time.
0:36l1.
The fourth race was special trotting race.
lone Maid won, Jack the Ripper second. Time,
S:1214
TUCSON "a. T.). August 7th.-The order of the
Secretary of War reducing the cavalry and in
fantry regiments from ten TO eight companies,
is being put in force in Arizona, and the two
companies of each regiment are being dis
trlbnted among the other eight companies.
Army officers declare that Congress is the only
power which can decrease the number of COM
panies III regiments. There is much feeling in
army circles over the action OF the Secretary.
Los Angeles Races.
Los ANGELES. August 7th.-The races were
largely attended to-day. Peri won the Hollen-
beck Hotel stake fve-eighths of mile, with
Midnight second. Time. 10SA
The Southern California handicap, for 81 ,0C0.
three.fourths of mile. Carmen won, Dan Muir
ply second Time, I.l415.
Glentine won the two-twenty- seven trot. Best
time, 2:23E.
Charged With Forgery.
SAN DIEGO, August 7th.-N. A. Meeks who
was bound over to the Superior Court
and afterwards released on writ of
hapeas corpus, was to-day again bound
over on two charges of forgery. Meeks is ac-
cused of forging the signature on two drafts.
one for $500 being cashed by the Consolidated
Bank of this city.
Justifiable Homicide.
SAN FRANCISCO. August 7th.-An inquest was
| held this afternoon in The case of Henry A.
Sebert. the molder killed by Walter R;deout.
the apprentice on August I'd. The evidence
shooting. The jury was ont about fifteen min
| utes. when it returned verdict of justifable
homicide.
Surveying "a New Road.
MARTINEZ, August 7th.-Surveyors are at
work on the new road of the Southern Pacific
| Company from this place to LiveTmore.
| There are about fifteen men working st present.