New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-07-24
OBSERVATION-DISCLOSURES
SUSPENSION OF A BIG REAL ESTATE AND
BANKING FIRM IN TEXAS.
STREET RAILWAY COMPANY IN TROUBLE
RUN ON BANK AT HOMESTEAD-O. w.
DEpAUw's ASSIGNMENT.

STREET RAILWAY COMPANY IN Ahoo"
RUN ON A BANK AT HoMEsTEAD-C. W.
DEpAUw's ASSIGNMENT.
! Dallas, Tex July o3.-Murphy BOland. inc n'~.
widely known and extensive real estate pg'nts anu
investment bankers in Texas. suspended yesterday
afternoon. Mr.. Murphy said to reporter '"e
firm OF Murphy Boand has suspended ana VIII W
wound up Its indebtedness will be paid on as soon
as the assets can be- realized The Murphy BONN"
Land Investment Company has been organ'zed III pi''.
Of the Murphy e. Boand Company. No statement OF
assets and liabilities Of the firm yet be obta'h'o
The concern had almost monOpoly Of the agency ana
rental business OF the town. Estates and indivouas
placed their property with II and It was ratrn mort
solid than any bank In the city. The hrm md p"'
chased upon It's own account great deal OF real es
tate. which has materially shrunk In value
salt Lake City, Utah, July 23.-The Burron-'aroner
Company. one OF the largest lumber firms ana wire
fence manufacturers doing business here. madc an
assignment yesterday. Liabilities. 100000 assets
about the same amount. The failure Is due TO slow
collections resulting from the raialyzed conditn o'
Western trade since the silver depression.
Homestead Penn, July GA run was madc on
tho First National Bank Of Homestead yesterday.
rumor that the bank would close alarmed the nun
r,rians employed at the Carnegie steel Works ana
other depositors Anticipating the demand The bahK
prepnrcd 10 pay all Claims and remained open ior tnis
purpose until a late hour last night The business
men of the town made large deposits. Instead OF WIN
drawing their money. About 100000 was paii out
Yesterday Additional funds to the amount OF S'o,o"o
we're received bv the bank last night. while leading
business men added large amounts to MAINTAIN COLI
fdence 1t Is said that there Is no further DANGER
Chicago July 23-F1fty creditors OF tue Armstrong
Company manufacturers OF uniforms and resaia, who
failed recently, held a meeting yesterday AT wmch
Il was decided TO reject the firms 0her OF 20 PCT
cent TO be paid in four, eight and twelve months'
Mr.. Armstrong present, and explained that the
assets OF the firm 1874 OOO shrinkage from me
supposed total and the liabilities. $685. an amount
greater than had been supposed. committee was
appointed to investigate the affairs OF the company
and to decide what the firm could pay.
indianapolis July 23.-Chares W. Dcpauw's assign
ment was unexpected here. In fact 1t was looked
for weeks ago. at the time OF the 81 OOOooo failure
OF the Premier steel Works This Is the largest
failure in Indiana for years. Mr. Depauw has S3oooo
stock in the Bank OF Commerce here but the cashier
said last night he did not expect trouble. Washing
ton G. Depauw's wealth was estimated nj ABOUT
s1OOOO.OOO. or this estate Charles W. received
one fourth interest, which il yet undivided The fall
ure will be blow TO the Methodist institutions
In Indiana. which were fostered by Washington Z.
Depauw. There has been decided TO the Union trust
valued 900 liabilities which are esti-
Toledo, Ohio July GA statement has been made
by the assignee Of the Fostoa Brass and Iron WORKS
OF eXsecrctary Fosters enterprises Wincn "ciil
under In the recent crush The statement places the
assets at si47 6o4 and the liabilities at S19l 400,
much better showing than expected.
Manchester y. H., July 23.-Lute saturday evening
Bank Commissioner james {. Lyf0rd served the
papers closing the doors OF the NewIIampshre Trust
Company OF this city This action was taken after
full consultation with the officers % the institution
and for OF It's depOsOre and creditors
The proceedings similar to those pursued In the
case the security Trust Company OF Nashua, with
the expectation that the suspension OF business VIII
be- only temporary In interview, Mr.. Lyford says:
There j. no occasion for alarm on account OF THIS
action taken by the Pank Commissioners either among
iepositors OF the New Hampshire Trust Company ana
the people holding It's securities, or among people
who are deposOrs Of the savings banks OF the state
II operates as Il stay, enabling the institution to realize
cash from It's assets without sacrificing them In a
falling market,