St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-05-14
IN FINANCIAL STRAITS.
Weeks Liabilities Now Estimated
at More Than ST 100000.

New YORK, May BIT is now esti-
mated that the Indebtedness of Francis
II. Weeks, against whom suit was be-
gun yesterday for trust money alleged
to have been misappropriated by him.
will be more than 81 100000. William
Nelson Cromwell, of Sullivan & Crom-
we'll, attorney for the Superior Land
and improvement company, in which
Mr.. Weeks has held the office Of presi-
dent, secretary and treasurer, said that
company would lose nothing of the $780,
900 that Mr.. Weeks took without the
authority of the company. The attach
ment which Mr.. Cromwell placed on the
West Superior Steel company amply
secured the land improvement company,
as the plant is valued at $2,000,000. OF
the S550,000, Mr.. Cromwell declared, Mr..
Weeks had beyond question pocketed
S150000, and was an embeZZler to that
extent at least.
JACKSON. Ill, May 19.-Frederick
Einstman, grain merchant, made an
assignment today. His assets are NOM
inally S32, 900, and liabilities scheduled
at $4,000.
. PHILADELPHIA, May 12.-Maj. Luz
Their S. Bent, president and receiver of
the Pennsylvania Steel company, today
stated that the committee appointed to
prepare plan for financial relief
has completed its work. and the
details of the plan will be sub
mitted to a meeting of stockhold-
ers of both the Pennsylvania and
in about two months. The proposition
is to issue consolidated thirty-year 6 per
cent bonds for both companies to cover
the floating debt of 100000. Stock
holders will have the privilege of sub
scribing for the bonds at IS and can
have the same converted into per cent
preferred stock. The companies will
have the privilege of redeeming both
bonds and stock at the end of five years.
New YORK, May 13.-Erastus Wiman
will file general assignment for the
benefit Of his creditors on Monday or
Tuesday. The assignee will be David
Bennett King, the same attorney to
whom Mr.. Wiman transferred his real
estate on Staten island in the latter part
of March for the benefit of his creditors.
Mir. Wiman says that he cannot estimate
his assets or liabilities. If we'll man
aged. he was sure he could pay dollar
for dollar.
LINCOLN. Neb., May 13.-KendalI &
Smith, grain dealers, with numerous
elevators Throughout the state, have
failed, mortgages on their property ag-
gregating nearly 100000. Pressing
claims have come in which, it is al
legged, cannot be satisfied. among them
one from the president of the Columbia
National bank, of Chicago, for S25, 900.
local banks, it is stated, are heavy
creditors. An exact statement of
assets and liabilities cannot be given.
WARDNER, Idaho, May 10. = The
Small & Colby Lumber company failed
yesterday. Attachment suits and mort
gage liens which have been placed
against the concern will probably aggre-
gate. The assets are supposed to be of
of the nominal value of 500, 600. Liza
bilities will probably not exceed $4,000.
CHICAGO, May Is. Confessions of
judgment aggregating S41, 125 were en-
tered in the circuit court this aftefh DON
against L. l.. Ferris & Co., wholesale
boot and shoe dealers.
Fort WAYNE, Ind, May 13.-The Cit
izens' Bank of Monroeville, this county,
closed Its doors today. 1t was organized
ten years ago by Dwiggins & Starbuck,
but about year ago was reorganized
and large number of stockholders
were added.
NV YORK, May 1S.-Frederick T.
Sherman, as assignee of Thomas NJ.
Barr & Co.. the failed coffee Brokers,
today presented a. aMasyit showing
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