New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-01-08
HE4VY FAILURES IN THE VEST.
TWO CONCERNS GO down. AND DRAG MANY
OTHERS WITH THEM.

TWO CONCERNS 60 DoWN AM bi'N' 'N+'-''
OTHERS WITH THEN.
Toledo Ohio Jan. THE failure OF the hSh hrm
OF D. Y Howell & son Of this city, involves three
other fish frms-WckIam ~ son, Huron II. -
Post Sandusky and George +. st. John. Port Clinton
The trouble started several years ago, when Inc
Wckham5 began indorsing for the io"'ls. Later
Post indorscd for the Wichhams. and for the last
fur months St. John Endorsed the llo"el'' paper
In short the other three firms were carrying the
sinking fortune OF ID. Y. Howell son. Within the
last year they paid about $4,000 for the latter firm
ponor onountnc TO $4,000 has Just matured
which they could not meet. and the crash has come
Wckham a. Co.. filed mort cages amounting 10 Tl"''-
OOO 1t. John mortgages aegregating si7'1oo' H. u
Post mortgages for sos 900, and ID. y. Howell "
SON. mort cages amounting TO 10000 Ia secure various
creditors. The total assets Of the f0ar hrhlS AT Il
nominal figure or fair valuation are placed ut s'oo-
900. but under Il forced sale would not bring over
go per cent Of that figure. Inc haU'h'i'S ''""'0'
amount to over 100000.
sioux City, Iowa, Jan. THE Leeds Lana ana
Improvement Company, OF this cry. ialIcd y's~r
day with liabilities Ct 100000 and assets Of less than
II 900 600 mostly real estate OF when scarccy thc
omonnt OF the liabilities be realized. The com
pany was organized 10 aid the manufacturing suD"r"
NJ red, for speculative purposes. In dong 50 II
incurred large Indebtedness over and above us III
co,ne from the sale Of property. SOM holders Of
nrlor liens began b. push their claims, and John j.
BROOKS OF Boston, financial agent, was sent TO interest
Eastern stockholders In raising money 10 SATISFY theh
Following are names Of persons VINO nave n'ca a.
,,chments and the amounts OF each Sioux CITY cred
uorsA $ Garretso1 S41 600; ID. T. Hedges. s5e93
sioux CIV and Northern Railroad, $4,000; sioux Va
uonoI Bank "A s02 y. &. Kelly I,or5, Perkins
Erothers Company, $685. and f. {. Henderson,
@50 600: c. L. HYDE New York, $4,000; lIammctt,
Dnvds d CO.. Kansas City. T2oooo.
In addition to these claims there are at leas'
300 600 worth OF bonds held by sioux CITY banks
nc collateral aud from $500 900 TO 100000 IN bonds
hold bv Eastern capitalists and loan commrrs, So
urcd iv first rcal-c,thc mort cages. lr0bh ~ T-Oo
900 of ihc claims are not secured, wlle The Olh'r
200 900 are - fl, &. A.. ,.,oo,
security Company. the Leeds Annex Company ana the
Sioux CITY Land Company, whicl were interested VI
Leeds with thu, Leeds Land and Loan COMPANY. lh,'
total Capitalization OF the four companies l. ~ "oO,'tO
AZ thc outside ~ 100 500 would De all that would
he realized from tie land assets In easy money times
Evansville ind, Jan. THE dryg0OdS firm 0i y. i.
Indley a. Brother CLOSED ,y the First National
bank of this city yesterday. The heaviest local
creditor Is the First National Bank. holding paper
amounting TO s22 j67 - II Is understood that H. B
C,anin & Co. Of New York. Is creditor for *2O.oOo
Other Eastern creditors on The list II Is thought
that the liabilities will reach 100000.