Evening journal., 1893-05-12
THE ROBINSON CRASH.
No Developments, But the
Business Public Feels Easier.

Il
Business Public Feels Easier.
KNIGHTS OF PYTHIAs CASH SAVED.
No More Judgments Entered and None
Confessed }. Norris Robinson VIII
Succeed His Father In the business as
Soon as Matters Are Stralghtened Out.
Debts So Scattered Tint other Failures
Arc Not Expected.
There is practically nothing new In the
failure Of Il. r. Robinson Co, the
banking firm at Fourth and Market
streets Careful examination and inal
disposition of the assets of the hrm may
show a much larger shortage than that
already announced, but that can only be
determined by time. IL will be several
weeks before the true value of the assets
can be learned with any degree Of GER
tainty but that much Of the paper in
cluded i'm them will be worthless seems
to be conceded.
Young Robinson win Succeed His Father.
The most important announcement
AtANAN NAAn AANAhAhk NtNa AhAN ~ AhNAAA"
Robinson, son Of the man who is now In
such financial distress, will continue
the business. The friends Of his father
realize that the wreck Is so complete
that Henry c. Robinson cannot be
placed upon his feet again with such
an excess of liabilities over assets
Therefore, they have determined to help
the father through the son, Young
Robinson, will, in the course
of few DAYS assume the
responsibilities of continuing the
business in his own name This means
that those creditors who do not get in on
the assets Of the old firm will be losers,
as young Robinson will hot begin bust
ness hampered by the liabilities OF his
father He has already begun to do some
business in his own name.
The Feeling Much Easier.
The feeling on the street TO day is
r much easier All day yesterday there
were rumors and counter rumors that
3 many large enterprises in this city would
r be pulled down. This was principally
due to the fact that Henry q. Robinson
was personally interested I'm, or
had large business dealings with
r them. It is authoritatively denied
o that the George w. Bush & Sons
q Company, Elliott Johnson & Co, Con
- sumers Ice and Coal Company, Dental
g Manufacturing Company, Walton &
Whann Company, Kartavert Manufac.
- turing Company aud others mentioned
on the street as liable 60 failure on Rob
o inson's account, will be affected
No More Judgments Entered.
d Inquiry at the Court House this morn.
!, ing ELECTED the fact that no more judg
n ments have been entered Sheriff Gould
e has not made levy and, in this quarter
B. there is nothing new
VI Colonel Samuel A. Macallister, counsel
10 for Mr. Robinson, was seen at his office OF
Seventh street by an EVENING JOURNAL
y reporter He said that the situatiof
l. was unchanged. No other Judgment,
B. had been entered TO the best Of his
II knowledge. He knew positively that
e beyond those confessed and published
y yesterday, none had been confessed.
D. The Mayor Feels Secure.
d One OF the rumors Of yesterday wa,
J, that the Supreme Lodge Of Knights Of
pythias had lost all its funds, amounting
F. TO $40, coo This rumor was incorrect
n although the inference was natural a,
Il Mr.. Robinson was the banker for Mayor
I'd Stansbury j. Wiley, supreme master
r of exchequer Of the order,
D, Mayor Wiley had $70,7 700 on deposit
with the firm Before the crash can't
N he secured himself and feels certain tha'
N he will not lose a dollar. Speaking o.
ie this matter this morning j. Norris Rob
ID inson said;
lu "The knights of Pyihias are secured
~ The money was put here on deposit
70 els there any truth in the ruinor tina
y the mayor put the money in your father
y, hands for purposes Of private speculs
m tiOnW I
III ono. Mayor Wiley never speculate
in his life, TO my knowledge.
y "Well, why did he put the money i
so your handsg'
ne "He simply deposited it here aud "
y" paid him interest on the deposit
"Has the money been refundedf
G, mo, It has not been paid over yet
but IL is secured"
ia "Do you think your fathers failuI
will pull down any other irmsg'
"No; l think not.
n, Mayor Wiley was called up b
I'D telephone,
all OWN the Knights Of Pythias los
Of anything by the Robinson failur
ID. mayor" asked the reporter.
all 'No, sir; they are more than covere
"a LOT every uolldi utpOnlleu Win uiuAs
lls "How was the money put therel'
"It was put there on deposit just I'll
es same as you would put money in an
ar- bank.
OF "Did you get interest on itg'
"No, did not but the order did. I'll
sn money was simply deposited there an
l. taken out by check to suit the requir
on ments of the order
lr Had No Interest In Them.
an A. S. Elliott, Of the firm Of Elliot
re. johnson q Company, denies tho rum
re- that the failure will effect them.
lil- answer to inquiries made this mornir
be said
1--WE had no interest In them in al
way whatever The fact Of the matt
iA sm is, we have no liabilities, we can't pi
~ ~ if anybody wanted them. And the
m ml.n you understand, we don't receive d
.T, posits."
NY "Do YOU think that the failure Of