Los Angeles herald., 1890-12-27
FINANCIAL MATTERS.
GEORGE WESTINGHOUSE TIDED
OVER A DIFFICULTY.
A Big Bank Failure in Texas and Another
in South Dakota-A Number of Mer-
camille Firms Embarrassed.

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bankers and business men OF this city,
who had loaned George Westinghouse
$4,000 lately, was held today. An ad-
visory board of five was elected to act
with Westinghouse in placing the half
million and in arranging the affairs OF
the companies requiring loan. In an
interview one of the subscribers to the
fund stated that Westinghouse was ne
gotiating half million loan in the east,
when his competitors in business pre-
vented it. The loan was merely being
made to tide over the present stringency.
SAN ANTONIO BANK CLOSED.
ST. LOUIS, Dec. Pa special to the
Republican from San Antonio, Texas,
says: The Maverick bank of this city
closed doors this morning, after heavy
run that lasted three weeks. Sam Ma
verick, the sole owner OF the bank,
made an assignment of all his property
real and personal, to Reagan Houston.
His liabilities amount to 1866, ,164, and
his assets are footed at $1,7S9,9l5.
THE COUNCIL BLUFFS FAILURE.
Council BLUFFS. Ia, Dec. 26.-Simon
Eiseman, of the firm Of Henry Eiseman
& Co., the dry goods merchants who
consigned yesterday, estimates the liza
$780, 900. The failure was great sur
prise, as the firm was the largest and
oldest retail dry goods house IN Iowa.
In addition to their house here, they
operate branch houses in Omaha and
in Missouri valley. These are included
in the assignment, as are also the entire
real and personal property OF the firm.
The failure is attributed to the strin-
gency of the money market and light
trade.
BANK FAILURE IN DAKOTA.
WooNsoCKET. s. d., Dec. 26.-The
Sandborne county bank, run by Leon L.
Stevens, closed this morning. The
county treasurer had $4,000 OF the
county's money in the bank, and num-
ber OF merchants were also caught.
There was no run ON the bank, and the
reasons given for the suspension are poor
business and slow collections. Stevens
is city treasurer and secretary of the Re-
publican county committee.
A DIAMOND DEALER ASSIGNS.
New YORK, Dec. 26.-William H.
Sandifer, dealer in diamonds and fine
jewelry, assigned today. Sandifer's as
sets are $25 900 or $40, 900; liabilities not
at present known.
ROBERTS, CUsHMAN & co.
New YORK, Dec. 26.-Roberts, Cush-
man & Co., the dealers in hatters' ma
terials, who assigned filed schedules to-
day, stating their liabilities at $456, 900 !;
nominal assets, $4,000, and the actual
assets, $437 900.
SALT LAKE CITY FAILURE.
SALT LAKE, Utah, Dec. 26.-Kellner,
a merchant of this city, assigned today.
Liabilities, $4s,0O0; assets about the
same.
AN INsoLyENT BROKER.
DEDHAM, Mass., Dec. 26.-Walter Pot
ter, broker and trader, of Boston, has
been declared insolvent.
LUMBER FIRM EMBARRASSED.
DETROIT, Dec. 26.-The stringency of
the money market has caused the tenn
porary embarrassment of Z. w. Leech
& Co., extensive lumber dealers. The
creditors do not appear to fear an an.
preaching assignment, one of them
stating that the firms affairs are in ex-
cellent condition.
ART DEALERS ASSIGN.
SEATTLE, WASH, Dec. 26.--Balke,
Cole & Co., art dealars, assigned today
for the benefit of their creditors. Liza
biities, $500; assets, $4,000. An at
tachment for $240O precipitated the as
signment.
A LUMBER COMPANY ASSIGNS.
CHATTANOOGA, Tenn, Dec, 26.--The
Hughes Lumber company has assigned,
with liabilities $174,000, and assets
1920, 900. D. w. Hughes, president of
the company, also made personal as.
signment, with liabilities $67 900, and
assets $47 800.