St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-04-27
DRAGGED OTHERS Down.
Three More sioux City Con.
Germs Make AsSig nmeats.

SIOUX CITY, To-. April 26.-Three
more extensive failures occurred today,
directly resulting from the Union Loan
and Trust company assignment. The
Sioux City Dry Goods company, by e.
A. GarrettsOn, president. made a gem
eral assignment this afternoon. SEIZED
ules show assets of 1871, 1904, consist
aug of the stock OF wholesale dry
goods. credits. ETC., and 5000 on de-
poslt with the Union Loan and
Trust company. The liabilities
are 1882, 900, nearly all due to Eastern
and Chicago iobbers. The company did
all Its banking business through the
trust company. 1t assigned 10 w. f.
Thomas, and the business will continue
until the company can be reorganlZed.
The Sioux City Dressed Beet and Can
ming company, by its treasurer. Ed
Hank inson, made general assignment
ito IL. J. Taylor. The assets, consisting
of the packing plant, line of
refrigerator cars, etc. are S264. 1876;
liabilities are $2l5,000, of which
$4,000 is due to the Union
Loan and Trust company. The Inter
state Investment company decided away
about 100000 of property, mainly to Its
own stockholders. Its officers were
Loan and Trust company, which COM
PEELED the transfers. Mechanics liens
amounting to $55.575 were filed against
the new union depot, almost completed.
1t is owned by the Sioux City Terminal
Railway and Warehouse company. All
work on the depot was stopped today.
President Hedges, of the Union Stock
Yards company, which failed yesterday.
stated that the company would have to
be reorganiZed. Some time ago there
were negotiations between the now dis
rupted syndicate that owns the Sioux
City Northern and Pacific Short Line
railroads ana the terminal properties
and union depot here and President
James J. Hill, of the Great Northern
system, looking to a sale of the prop
erty to Mr.. HIPS road. There was
an agreement by which the Great
ties and make a large payment to the
Sioux City syndicate owning them. The
agreement was that the deal should be
closed about May Is. When it was
found a few days ago that crash was
imminent, Mr.. Hill was asked to take
the properties at once and make the
payment, with which it was hoped
10 tide over the calamity. Mr..
Hill agreed to do this ii he
could make the necessary arrange
ments in the East with his financial
agents. He left at once for the East on
this mission. He said that he could
not give an answer before today. and it
has been expected that something would
be heard from him before tomorrow. 1t
was impossible to wait, however, and
the failure came. 1t is expected that
the railroad deal will be made In some
form, though it may not be closed at
once.
The Sioux City Engine works today
sued the Sioux National bank for $l10,-
600. The engine company had $4,000
deposited with the Union Loan and
Trust company. 1t demanded the money,
and was given draft on the Cambria
National bank, Of Chicago, for the
amount. This was placed In the Sioux
National for collection, and the Cambria
refused to pay, claiming it had 10 funds
of the trust company's. The engine
company sues the Sioux National for
the money and for $4,000 damages to
its business and credit.
CHATTANOOGA, Tenn, April 3d.
Buchanan 4 Crabb, doing small bust
ness as the Rhae County bank, at Day
ton, Tenn, have been closed by attach
lug creditors. Their liabilities are be-
tween $4,000 and $4,000; assets said to
ha nominal