St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-06-29
IN FINANCIAL STRAITS.
Firms Which Go to the Wall Re-
cause Of the Stringency.

FIRMS winch 20 CO the Will NC.
cause ofthe Stringency.
New YORK, June %. The failure
j. B. McGcorge. stock broker at 70
Broad street. was announced on the
stock exchange this afternoon. He had
been member of the exchange since
March 81, 1887. Mr.. McGeorge had in
dorsed paper of the K. NJ. Silyerman
company. which was recently passed into
the hands of receiver. The 1ndi-
rect liabilities OH these Endorsements
exceed his assets, and he therefore made
the assignment in order to get the Dene-
fit of the same extension of time as the
receiver of the Siiverman company VIII
have. The Silverman cOmpany's assets
are, it is said, sufficient to pay of their
liabilities, and as soon as that is done
Mr.. McGeorge will be able 10 resume.
His own liabilities are less than $780,
600. The principal creditors are banks,
but they are secured.
PITTsBURG, June 2S.-Five judgments
were flied IN the parliamentary office
yesterday by Attorney Da hlgren, i'll be-
half of Ida Reinecke and her sister, Mrs.
s. l.. Miller, against their brother,
John Reinecke, wholesale dealer IN
plumbers supplies. The judgments
aggregate S14,0 900. Attachments and
executions were issued today, made re-
turnable at the July term Of court.
ST. LOUIS, June 2S.-It is announced
here that in the United States court OF
the Indian Territory James w. Throck-
morton and F. |. Guicu have been APP
pointed receivers for the ChoctaW Coal
and Railway company. They have been
qualified, and have assumed control OF
the operations of the company.
BUFFALO, N. Y, June 3d. The finan-
ciai situation here today shows de-
cided improvement. There is all entire
absence OF the feeling of nervousness
and anxiety that was abroad yesterday
among bankers and depositorS, ana
matters are again in their normal con-
dition. Mr.. Creed, the bank examiner.
says he sees no good reason why the
Queen City bank should not resume at
an early day.
SIOUX CITY, To-. June 2S.- James
Doughty has been appointed trustee for
the purpose of diScharglng the llablll-
ties of creditors and the stockholders OF
the Union Trust company. The conf
pany's liabilities are not large, and are
mainly secured. The stockholders will
incur little loss. The confounding OF
this concern with the Union Loan and
Trust company, which failed SO sensa-
tionally some time ago, is the principal
cause OF this failure.
LoCKHAVEN, Pa, June 2S.-The
doors OF the State Bank of Lockhayen
were not opened this morning. A
notice was posted Oh the door which
reads as follows: by order of the
board OF directors this bank has been
closed for the purpose OF going into
liquidation. DepOSitOrS will be paid i'll
full.'
BosToN, June 2s.--W. C. Jackson &
Co.. coal dealers, have assigned. Liza
bilitieS, $1,000
ST. LOUIS, June 2s..-A note for
$1,000 given by Post, Martin u Co., coal
dealers, to the Madison Car company,
by whom it was Endorsed and then sold,
has, 1t is learned here, been allowed to go
to protest. Beyond saying that the paper
will be cared for, the Madison Car com
pany refuses to discuss the matter.
BEDFORD, Ind, June 2S.--The Bed
ford Stone Quarries company.the largest
producers of ooiitc limestone IN the
world. have made all assignment to
William l.. Breyf0gle, one of the COM
pany's largest creditors. Inability to
realize in time to meet maturing obliga-
lions was given as the cause. After an
ADVERTISEMENT of the business, the quar-
ries will be continued and all contracts
filled.
EDwARDsvILLE, ILL.,, June 2s.-The
hardware firm of II. &. Seinmore & Co.,
OF Giant Fork, has failed. Liabilities,
s34, 900; assets, $4,000.
NEW YORK, June 2S.-The directors
or the Daily Mining company have re-
scinded the dividend declared payable
June 80.
CHICAGO, June 2s.-David M. Pollock
q Co., millinery goods, confessed judy
maut tOday for S4S 600