The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1890-12-14
DISASTERS In THE
FINANCIAL WORLD.
Business Firms Embarrassed by the Money
Strinsency.
Relief Measures Discussed by Bankers and
Government 0flCialS-PrOpOSed
Cabinet Meeting.
Special to THE MORNING CALI.

PHILADELPHIA. Dec. 13.-Frank WEIGH,
of WEIGH & Lea, manufacturing machinists
against whom an execution was yesterday
entered upon a judgment note for $4,000
made an assignment to-day. There is no
statement of assets or liabilities. They
claim capital of 100000 in business and
exp orted hardware, hard wood, wooden
ware and machinery to all points of the
world.
Louis E. Pfeiffer, President of the Bank of
can Life Insurance Company, against whom
a warrant was issued yesterday, charging
him with conspiracy with George F. Work
and others to defraud depostors and others
interested in the bank and insurance CON-
pany. was arrested in this city this morn
ing. The cashier has not been arrested
yet.
Boston, Dec. 15.-The creditors of the
defunct wooden firm of William Bloom &
Co. have appointed w. NJ. Bowen assignee.
At meeting of the creditors of Written,
Burdett & Young to-day the assignee made q
statement showing liabilities of SLOT. 900,
with contingent liabilities of $4,000 and as
sets of S1,092. 900.
BALTIMORE. Dec. 13-At a meeting to-
day of the creditors of the Gambrill Manu-
featuring Company, which failed yester day
for 100000, it was shown that even if forced
to sell at 80 cents on the dollar the amount
realized will pay every dollar of indebted
ness.
l'rrrY e. lanpe
Paint Company has been closed by the Sher-
if on confessions of Judgment aggregating
over $4,000. The liabilities are placed at
$4,000 and the assets are in excess Of that
amount
PITTsBURG, Dec 13-An execution for
$4,000 was to-day issued against the Pitts
burg Lumber Company. The trouble grew
out of a dispute among the partners and the
application for the appointment of re-
ceiver.
CREsToN Qowa), Dec. 13.-The failure of
the bank at Fontanelle. Iowa, yesterday,
caused great excitement many merchants
and farmers being depositOrs. The liabili-
ties are reported at 100000, assets 1000.
GAINESVILLE TENN Dec. 13.-Peacher's
Mills have failed, with liabilities at SS5, 600,
assets about the same.
CINCINNATI, Dec. 1S.-Application was
made this afternoon for the appointment of
receiver for the large dry goods house of
Bell, Miller & Co. and for the dissolution
the firm is insolvent and estimates the liza
bilties at S265, 900 and assets at $3.50, 900.
MINNEAPOLIS, Dec. ia dispatch from
Luverne, Mimi, to the Tribune, says: The
Iowa, Minnesota and Dakota Elevator Com
pany. operating warehouses on the Burling
ton. Cedar Rapids and Northern Railway,
has assigned with liabilities at $4,000 and
assets unknown. John Butler, banker of
Ellsworth. was manager of the company.
Two days ago special trains were run on
ri N md oil 10 rain l.
from the elevators to Chicago and disposed
OF. The Metropolitan and German-A meri-
can banks, of Minneapolis, are said 10 be
losers. The elevator company's accounts in
the county bank a. Luverne are all right.
A few Luyerne merchants are Involved for
small amounts.
NEW YORK, Dec 1S.-It was reported in
financial circles to-day that the Trow Print
ing and Publishing Company had asked an
extension OF fouI months on some of its
paper bearing the Endorsement of ii. K.
Thurber, which had been readily granted
by the banks holding it. The amount could
not be definitely learned, but is supposed to
be over S125,000. The President of one of
the banks SAID he was sorry the matter had
become public. for he considered the COM
pany perfectly solvent. All the notes dis
counted, be said, have Thurber's indorse-
ment, and the bank was not worried,
because Thurber's statement of the assets
toots up between three and four millions.
The officers of the Trow Company could
not be seen this evening. but from other
sources 1t was learned that the company
does a very extensive business. The total
assets are considerably over million,
which greatly exceeds the liabilities. and
the opinion is expressed that there will be
no trouble after the first of the year col
lections. Mr.. Thurber declined to talk on
the matter.
LONDON. Dec. 1s.-Edward Elliott, Stock
Exchange broker, failed to-day. Several
lObbers in the American Department Mar
ket are reported to be involved. 1t is learned
that the failure is unimportant.
The Chronicles correspondence says:
The Portuguese Government owes the Bar
ings 9S00,c00, and has no means of paying
it, a breakdown there seems imminent.
Charles Coshlan, the actor, has been de-
clared bankrupt.
RELIEF MEASURES.
WASHINGTON, Dec. 13-At a meeting of
the Republican Senatorial Caucus Committee
to-day to devise scheme of financial relief,
after discussing the subject for an hour, the
committee referred it to a subcommittee
composed of Senators Sherman, Allison,
Aldrich, Plumb and Teller. This is done in
tie hope that it could agree upon some def
mite project.
The Cabinet meeting yesterday considered
the financial condition of the country, and
as result, the President. it Is understood,
will send message to Congress next week
suggesting as a measure OF relief the enact
mcut VI ltRlSldllOu iOI tuc lSSut Ot duul-
tional currency based ON increased silver
purchases.
NEW YORK, Dee. 13.-Secretary Window,
who arrived in New York this morning,
held conference with plumber of bankers
on the financial situation. Full expressions
of views OF financers on the situation, the
effect Of additional legislation and other
matters were obtained. The only statement
Secretary Window made was that he was
gratified at the news OF a movement of gold
from Europe, and that the Government
would do all in its power to give relief to
the financial and mercantile communities.
He refused absolutely to be interviewed,
but parties close 10 him state that he will
not take any immediate action as the result
of the conference.
BANK STATEMENT.
New YORK, Dec. 13.-The weekly bank
statement shows the reserve has increased
So. 037. 900. The banks now held S607, 600 in
excess OF the legal requirements.
Tine exports of specie for the past week
amounted to 1927 900. The imports amOunt-