St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-05-13
CRIPPLED FIRMS.
An Extensive Milwaukee Concern
in Financial Straits.

An Extensive Milwaukee Concern
in Financial Straits.
MILWAUKEE. Wis, May 12.-The big
house-furnishing houses of Frank A.
Lappen Il Co. and the Lappen Furni-
ture company are in financial straits.
Judgments were this morning entered
by the Wisconsin National bank for
S44. 900 and by A. Landauer u Co. fer
$4,000. The Plaukinton bank filed
an attachment for $4,000. The sheriff
is i'll possession. The creditors met this
afternoon to reOrganiZe.
WEST SUPERIOR, Wis, May 12.-The
attachment of the Frank A. Lappen
stock at Milwaukee will not affect the
Frank A Lappen Il Co., wholesale fur
nishing company at this point. The
stockholders of the company include
number of local capitalists, and is dis
tinct company from the Milwaukee
house. 1t was named after Mr.. Lappen,
as he vas heavy stakeholder. A. w.
James, treasurer of the company, says
the house has number of large con-
tracts for furnishings, and is doing
good business, and will not be affected.
INDIANAPOLIS, Ind. May 12.-COnti
dence in the ability of the suspended
Capital National bank to resume bust
ness has been increased by reports Of
resuming of the Chemical National, of
Chicago, which failed Monday. The
Capital bank directors have issued
statement showing that resumption will
be feasible. The directors claim that
there mas been no loss OH discounts, and
that not department has lost dollar.
The bank, they say, is more than
solvent. They will ask the examiner to
ton.
WILMINGTON. Del, May 12.-The liza
bilities of II. X. Robinson IL Co., the
suspended banking firm, are placed at
1926, 900 and the assets at S2O4, GOO. >.
j. Wiley, supreme master OF the eX-
cheQuer of the Knights of Pythias. says
that he had large amount of the or
der'S money in the bank, but that it is
fully covered by collateral. He does not
say what the amount is, but 1t is placed
as high as $4,000.
TRENTON, n. j.. May 12.-Col. A. X.
Kuser, principal stakeholder and cred
itor of the Hygeian Ice company, of
Trenton, applied for the appointment OF
receiver for that company today, and
John Murheid was named. The total
liabilities are said to be S15O,000 and the
assets about the same.
LOOlS Lilo, MAY L. liz WnOlCodlO
whisky firm of w. Ii. Thomas u Sons
suspended payment this morning. The
suspension at first caused some excite =
ment, which quickly subsidized when it
became known that this action was the
result of dizziness of the whisky trade
and the tight money market. The diff
ferent bankers with which the firm
have done business place the excess Of
assets over liabilities at from $50, 900 to
| S400. 600.
WLKEsBARRE, Pa, May 12.-As-
signee w. h. Stoddard, of the defunct
banking house OF +. V. Rockafella, has
filed his first partial account with the
court. Four per cent OF the 100000 re-
ported by the deposltors will be paid.
This is about the limit of the assets.
New YORK, May 12.-In the United
States circuit court today Judge Wal
lace issued an order Of replevin to Will
lam Deering d Co., of Chicago, TO re-
cover 1852, 0J0 worth of goods delivered
to the National COrdage company prior
to its failure. The goods were delivered
between February and April. and the
Chicago firm claims that they are still
In the possession of the receivers. Judge
Lacombe today appointed Charles II.
Pearson and James K. Stevens receivers
for the Standard Cordage company, the
Sewall 4 Day Cordage company, and
the Chelsea Cordage company, in Mas
sachusetts, all OF which are subsidiary
to the National Cordage company, and
involved in its trouble.
SALEM. Mass, May 12.-James Dugan,
one of the largest leather manufacturers
in Salem. today assigned for the benefit
of his creditors. The assignment covers
a tannery property aud real estate here
and large tracts of land on Canley' S,
Elk, Williams and Holly rivers.