Mower County transcript., 1890-12-10
8 COSTLY CAMPAIGN.

a COSTLY CAMPAIGN.
one Result Of Ds,smstsr's Dstsss .
i Psnnsyiysnis-als Hank ut Nssdvn'e
b. ..rced to Close Its DooFs-Liabllssies 81
ol0O. .OOO-A New Orleans Cotton Flfm
rails for Betwssn 02.Oo0.o 900 and o9,-
OO0, zoo.
MEADyIL1.K. Pa, Dec. 6.-Delamater
q Co, bankers Of this city, made IN 49,
signmont Friday morning for the bene.
1T OF creditors Messrs. Hotchkiss 4
McClintock, assignees, took immediate
possession. The Delamaters have hero
tofore enjoyed the entire confidence Of
the business community, and recent ru-
mors concerning them have been treat
cd as emanating from political rivals
George w. Delamater, late Republican
candidate for Governor, Is president OF
the institution. @-~ 49,
Politics is supposed to be the Cause
ter sunk large amount Of money In
the campign. The canvass for the
nomination lasted six months and cost
enormously, while after the convention
Mr.. Delamater's expenses were large
ly increased. He spent much
money upon marching clubs and
in aid OF all manner OF organ
izations, charitable and otherwise, paid
q liberal sum to the State committee,
and frequently answered the call for
funds where they were most needed to
affect the election. Some politicians
estimate that the fight cost the Senator
$3.50, 200. but that is perhaps too high.
1t cost Quay personally $4,000.
The first sign OF trouble at Delamater
& Co.'S bank came Immediately after
the Senator's defeat for Governor.
T1mid depositors got the idea that
Mr.. Delamater had drawn heavily
upon the bank for campaign
funds; many who had dealings
with the firm withdrew their
deposits, and when the financial
stringency OF three weeks ago came the
bank was not in good trim to sail
through the storm. Mr.. Della
mater. who took his defeat for Governor
philosophically. feels his financial fail
ure keenly. but hopes to come out all
right eventually.
his brother-in-law, who pressed his
claim of $4,000. The liabilities are
about $40 1000 and assets said to be
about the same.
New ORLEANS, Dec. 6-The cotton
house of v. & A. Meyer has suspended
with liabilities aggregating 81, 100000
and assets $3. 0O.O 900. This is the third
largest cotton house in the country
and supposed to be one Of the 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. vice-pres,dent 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 plan tations in the State.
CHICAGO, Dec 6.-As an immediate
result OF the mysterious disappearance
Of benjamin H. 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
5000 900 and assets Of ST0O, 600. NJ.
Campbell was president Of the COM
pany, and. according to intimate friends,
sunk great deal Of money in attempt
ing to place the house upon paying
basis His failure to do so is believed by
his friends to have unsettled his reason,
and rather than tace failure he ended
his troubles by taking his own life.
DULUTH, Minn., Dec. 6-The as
signee of the suspended Bell & Eyster
Bank and of H. b Bell. its
proprietor, has completed state
ment of the assets and liabilities.
The former amount to 81, lS9 826 and
the latter to s7eo. 800, or surplus OF
assets over liabilities Of Ss9s. .9s6 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-