The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1893-04-25
BIG IDAHO FAILURE.
Cow McCOnnell's Firm Attached
FOR 100000.
THE RAILROAD STRIKES END.
Unaea Hael1e aAA Santa Re Ohepnsr
u IRon Trades Strike.

Moscow. Idaho, April 2A-The well
known corporation Of Mcconnell, Mcguire
q Co., the largest mercantile house in
Idaho. Of which Gov. Mcconnell il the
head. was closed today BY the sheriff.
Although there have been rumors of an
impending embarrassment, the failure has
caused great excitement. The First
National Bank Of Moscow issued IN attach
ment for 81, 900 and the sheriff closed the
doors. The Moscow National Bank inn
mediately followed with an attachment
for $25, 900. Attorneys for Murphy. Grant
d Co.. Of San Francisco. aud Lewis 4 Co.,
of Portland. also served attachments, run.
ming the figures up 70 about 500. 1000
More attachments are expected tomorrow.
which will materially increase the liabili.
ties. The assets amount to about $50, 900
In stock, large book accounts and the
firms business property, which II mort
gagged for 49, 900.
Gov. Mcconnell originated the firm sew
eral years ago. and two years ago it was
incorporated for 500, 200. The members
OF the firm are: Gov. Mcconnell. Frank
A. David, J. c. Haskell, w. n. Chambers
and J. H. MCGUIRE. A large brick block,
valued at $4,000, was built in which to
carry on business. On this Gilbert Bros,
of Salem. have mortgages Of $4,000 Two
branch houses were established at Pull
man, Wash. The firm made large pur-
chases OF wheat, and it was thought prof
tied largely thereby. The recent depress-
ion In the wheat market. however,
10 said to have caused heavy
loss and the firm was unable to
meet its obligations In order to
save themselves the Pullman business was
sold last week to R. 8. Browne and J. H.
Mcguire of this city and the money placed
in the Moscow house. It arrived too late.
however, and tho crash came today.
Friends deeply sympathize with Gov. Nc
Connell and other members of the concern,
all Of whom will lose heavily. It is
thought that, with careful management,
the firm may pay dollar for dollar. To-
night the firm made general assignment
for tho benefit of creditors. The First
National and Moscow National banks arc
not affected BY the failure.
COLUMBUS, O., April A.-Receivers were
appointed today for two coal companies,
l.. L. Rankin being appointed for the
Ohio Coal Exchange Company, Of Chi
cago, and F. 8. Knox for the Crescent
Coal Company. The liabilities of the
Ohio Coal Exchange Company alone are
given at $500. 900. OF this sum. $3.50, 900 is
indirect liability, caused ~ indors,ng and
shaving discounted notes received in pay
ment for the liability. L. r. Doty, of Chi
cago. is president of this company, which
has paid up capital stock of 500, 0O0
The company did not own mining prop
erty, but was . heavy coal broker for tho
Northwest.
The Crescent Coal Company owns the
lease Of fine mine at Jacksonville. This
company was thrown into receivership by
the Ohio Coal Exchange, at Columbus, be-
cause the property could not be found to
satisfy . claim, the owner Of the land
having seized tho mining machinery.
under the conditions of the lease. Doty is
also president of this company. The
assets and liabilities of the company were
not disclosed, but the secretary says it
will DO . complete failure.