The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-07-18
OUR PRosPERITYN COLUMN.

OUR PROsPERITYN COLUMN.
"They Say" the Financial Situation is
Better, but the Banks and Business
Men Continue to Go Under
A Few of the Largest are
Reported Below.
Mr.. D. D. Schouler, a large merchant
at Winston, N. c., failed on the 10Th.
Hodgin 6 Lunn, tobacco manufac-
turers, Winston, have made an assign
ment. Liabilities over $50, 900.
LONDON, July 1.-Two small failures
are announced this morning. Both
are brokers on change, with small
liabilities.
SHELBYVILLE, Ill, July 11.-Th0rn-
ton q Co, private bankers. with de-
posits of a quarter of a million, have
failed for $500, 600. In consequence of
the bank failure the Star Flour Mills
were forced to assign, with liabilities
Of SIS. 1000.
Ex-Sherif Lakey, of Yadkin county,
is short So, 600 in his accounts and the
county commissioners have taken
from him the tax books, upon which
there r some 81, 900 of back taxes due
and uncOllected.
CLEVELAND, O., July S.-The business
Of Carrigan, Tres & Co, dealers in iron
ores, is in the hands of a receiver. The
liabilities r heavy.
OGDEN, Utah, July lot has been
discovered that Oscar Hill, cashier Of
the Commercial National Bank, is a
defaulter to the amount of $65, 900. The
bank will go into voluntary liquida-
ton.
l. nvD,uo, Touo T- TIL
North Galveston Land and Improve
ment Association went into the hands
of a receiver yesterday. The liabili-
ties are estimated at $500, 900, of which
$3.50, 600 are due contractors and various
other parties in the city.
CHICAGO, July 1.-THE Hercules
Iron Works Company, owner of the
cod storage warehouse at the fair
grounds, made an assignment for the
benefit of their creditors this morning.
The Chicago Title and Trust Company
is named as the assignee. The'a5sets
are estimated at $4OO, 900. The liabiIi-
ties are estimated at $500, 900.
LONDON, July 1O.-The New Zealand
Loanand Mercantile Agency Company,
limited, the offices of which are at the
Portland house, failed to day in n
quence Of the reflex action of crashes
| that have lately occurred in the Aus.
| tralian financial world. The concern
was of the most important engaged
in Australian financial affairs. The
manager Of the company is Henry NJ.
Paul. Among the directors are Sir
| James Ferguson, Postmaster General
in Lord Salisbury recent Ministry ;
Sir JnO. GOrst, Financial Secretary to
the treasury under the same admins
tration and Sir Geo. Russell. All the
others are members of the present Par
lament. The capital of the company
was 81, 500, 600, Of which $500, 600 had
been called up. Three-quarters of the
loss will fall on peoplein Great Britain.
| stationer and book seller, as 1igned to-
day. Assets $175, 900. Liabilities $113,
900. Confession of Judgment entered
last night in the Superior Court for
/ $75, 600 caused the suspention.
MILWAUKEE, Wis July 12-An the
directors of the Blakington Bank have
been indicted under the law of the
State defining the responsibility of
bank directors. Judge James G.. Jen-
kins, VIM. Blakington and Eugene
Elliott have appeared in court and pre-
sumably will give bail.
LONDON, July 12.-The failure of
William Baker Moore, stock broker,
No. 9 Diapers Gardens, was announced
at the exchange this afternoon. ,
Abraham Levy, wholesale dealer in
boots and shoes, New York, assigned
on the 10th. Liabilities about $35, 600.
Theodore Tietz, silk manufacturer,
Marlborough Mills, Conn, has assigned.
Liabilities heavy.
L. Simon &Son, Trenton, N. j., have
assigned. Wholesale dealers in wool
and hides.
The New Manufacturing Company,
New York, have assigned. Liabilities
1872, 900.
David 9. Robinson, New York, as
signed on the 10th.
J. S. Conover & Co., n. Y, assigned
on the 18th.
The BRITANNICA Publishing Company,
New York, assigned or the 18th.
+. f. Morton, New York, assigned
on the 18th.
F. J. Amweg, Philadelphia, assigned
on the 18th. Liabilities $500, 600.
E. f. Knapp, large contractor,
Brookline, Mass, assigned on the 18th
SPRINGFIELD, Mo-, July 12.-The
Bank of Commerce, with a capital
stock of $50, 900, deposits Of $17, 600,
according to the last statement, closed
its doors yesterday.
DENVER, Col, July 1O.-One of the
heaviest failures in the West was an
nounced today when the Chamberlain
Investment Company closed it's doors.
This concern is one of the largest real
estate investment companies in the
United States.
PHILADELPHIA, July 1O.-The failure
of A. Y. Davidson, stock broker, trad
ing as A. Y. Davidson 6 Co, was an
nounced on the Stock Exchange this
afternoon.
The Kennard House, of the lead
ing hotels of Cleveland, Ohio, was
placed in charge Of an assignee this
morning It was reftted and newly
o-ono1 %I-oo ronnthC oCn hy1t tho