Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1891-11-09
FINANCIAL TROUBLE.
Another German Rank Coilapres aud
Creates q SENSATION IN rinau.
cial Circles.
rHt somnCsFsLps. rArHCR AND
SON, SUICIDE.
iNGERHAsY.
Financial Disaster suiclds..-A rita.
ate Iastt.

Financial Disaster -suicids-.-A rita.
aic Iasu.
BERLts, Nov. 7.-fCopvrlcht by
New York Associated Pres "A sun.
sntion was caused Ia financial circles
to-day by the collapse " tho banking
intiituilon Of Friedlaninr & SJmmrr-
field. The usual scenes OF eNcitsmcn.
among the creditors occurred around
the Uiiicrs, aud the effect may be- Iva.
imagined when II was announced that
the leading party Ia the concern, to-
gclhcf with his son, had committed
/ fuicidv.
The failure IL associated with tho
rccnut suspension Of Hirlcnfcld &
Woo. The fact that Friedlnuler q
Sommorfcld were financially cfnbar.
rassed ami would nnI difficulty Ia
meeting their obligations, vas known
| 10 some ofthC operators on tho Bouisu
here cnily In tie day. Large forced
sales were made, aud this action was
vasuely attributed 10 the local Imam.
clal troubles. These ralss canscl
general mud heavy fall In price,, hut
| tho businCrs OF the DAY was over be-.
/ fore the trsgic Incident " Sue closing
career Of the bankers became generally
known.
~ the facts In the Gaze developed, It
appeared that
FAIilEH AND son NEr
IN thrit office In the bank early this
morning and discussed the crlsis In
their aiaifs. Aitor talking over the
matter pro and con, they concluded
that, a. tncy were hppule-sly euibar.
gassed, they would die.
II IA Understood that this resolution
70 take their own lives wa Ia a great
measure due 10 the fact that their mr.
rest was impending, as Felix Sommer.
! field, tho son, hal become Involved Ia
srvculatlons which were more than
likely 20 lead to his arrest on criminal
charge Having arrived nj the deoi.
sion that death was preferable 10 atrest
and disgrace, both father aud son shot
Themselves Ia The head, using revolv.
ofB. When the clerks In the office,
alarmed at the reports Of the pistols, ran
10 tho private office, they found the
father and bon still alive. They were
conveyed 70 hospital In dying con.
dltlon.
The Arm has boon In existence long
time and held good positlon In tho
financial world. since the Hirschfeld
y W01r failure many of tho principal
clients OF Friedlauder & SOmmerlelJ,
becoming alarmed regarding thestabil.
ity Of private banking houses. made
heavy Withdrawals VI their debosit..
Herr Somm,ricll triOd 10 NEE, IA,
difficulty by attempting to realize on
Investments. These, however, were
locked up In industrial and other
stocks, which were not readily Market
aV..l - ~ nS ~ Nse 'uuhu lh'
l ossie ,o' wv ii"' w meet Nnolr en-
h"rtS' ,.,
pa,,, v.aa ,i. oih''n 1lothu,is oI tle
s't,''. ~ sn'y " no' oApeot tnst tue
.Hi'"'u w" f',u'l"a IcHou OF Seh-
,,,.s,,, a' $500, ..yvsn certain 10
$500 -. ,,o NV N'"''h h'houB lh-
''h''''n' o'n's's'
TINS EVENING 4 CROWD ASSEMBLED
Ia front uf the bank and Threatened IN
carry the building by storm 10 recover
their securities. rho police had great
onl'y "a Ie,,,talnlng me mob from
E.iy',i.s 49,, '''.s lno ,Aecuuoh'
.o svn'o, .nu surviving
L u baylhs NJ Mentone' a
tyes.am u.s. p,en sent summoning
MN 10 return TO berlin.
INJURY INC We Affairs OF Hirsch'
ieiu * WON naliLts thn wort antici'
PATTON. lho nin m, Teen IN business
nAy ,yu, yeNts anu hnu ~ itn chief
iieiu won VINO occupied several other
loeiiohs oI Trust no was pfoml.
s',.',,,s,i' ,,, "nu i,Ncl nv OF
os,eilsa'ious wealth., ms household OK
pehsss ,lhnIhH 70 1Du'o1l marks n /
Seh'. ~ ull uttlo IN tlle speculative
nho un,ll Ieoen' Year, When MS pfi.
shte oAltas,ganees anu losses AZ the
ganlng taoIe lei 70 ms embarrassment. /
re ,riou 10 'eeoup ms losses through !
u' '', " VIC Istls anu befhn
n5uisu. ~ matter OF ,Aet the hrm
~ usoh 'hsoINsh, SINCE lo'a,
~ huulpeI W yeAtp WON hRa
uvch nIihg " ttlHng anu pawning
wy. we nuI..los u, uspoilofs, working IN
,I.n. WIN nanker Joseph Leip'
a'fv 49, ~ " 1870, 'lnt WON win
W. '1e'' "e'''s ""o" a 70 ''eiI"6'h
fLOATkD A SPURIOUS DRAFT
through Laipsiger, aud pawnoI sur,. I
ties of deposltofs amounting In vaIne
10 $4,000 mafks. Lolpsirer finally
went 10 the wall, aud his failure bss.
tenet tho downfall OF Hinchield 4 |
WIN -.
-, AaionB ''u misepuiatio creditors OF |
~ h'''' az" ini,i nr, iienIy OF russia,
NM io.'s I'yluog maths, frlnce
~ ~ ~ , ~ Sea''s.' g.lols.olh' oroihcr