The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-06-20
The a9aeita zay Eaye Tuesday gforuue gnue 20 ls93
EhIi ,iRES-

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WILMINGToN. n. J., June 19.-The Banl
of New Hanover suspended this morning
The assets are estimated at S1.2o0,0oO ant
the liabilities at $500, 900
New YORK, June 19-Justice Lawrenc
OF the supreme court has appointed Henr.
j. Braker receiver for the Cassell Publish
ing company, in al action brought by II
S. Archer, a director, and formerly vic
president, on the allegation that the com
papy has become insolvent. TIE com
| pany's financial condition IS attributed Il
President Oscar N. Dunham's floating
Sl6S, coo worth of notes for his own obliga
tions. Durham Is said to have disap
| peared.
The receiver qualified this afternoon il
| a bond of Sl60, 0O0 The outstanding note:
! OF Dunham are this evening estimated al
slS0,000 1t is stated that the assets OF the
| company are about equal to tbs liabilities
New YORK. June 10 HEIGHT Bros, I'M
| porters OF aud dealers in laces ant fancy
! goods, today confessed Judgment FOR $50, 0O-
| to Esther HEIGHT and for S2ll, 2S7 TO Schaf
| fer Bros, for money lent. Executions on
i the judgments haye been issued to the
| sheriff
| WASHINGTON, June 19-Tnrough legal
| proceedings, brought in behalf of the
stock holders, a receiver Is sought for the
| Fidelity Building, Loan and Investment
dissolve the association aud apportion the
assets among the stockholders. Fraud is
alleged in the plan and management. 1t
| is charged by the stockholders that $500,
900 has been collected by agents in differ
ent cities and that the association is in-
solvent. The charges are denied by the
officers.
PiTTsBURG, Pa, June 49, The Oil Well
Supply company, one Of the most extensive
corporations in PENNSYLVANIA, and the
largest concern OF the kind in the world,
today went into the hands OF a receiver
The corporation is capitalized at 81 800, 600
The assets are s., 100000 and the total in
debteduess is placed at 81, 100, ,GJ0. The
debt is pressing, aud, on account of the
depression in bushes, cannot be met. To
prevent the sacrifice OF The assets by forced
sales and the disintegratlon OF the numer-
Gus factories and works, and TO preserve
the whole plant rs Il unit, the appointment
OF a receiver was decided upon. The Drin-
cipal Offices OF the concern are III Pitts
burg. IL also has shops and Offices in Oil
City and Bradford. It has branches in
Connecticut and Ohio and owns property
ia New York, Indiana. Illinois and West
Virginia. The company employs over
800 clerks and operatives. Inability TO
meet its obligations caused the trou bic.
The company depended largely upon east
ern financial institutions. Until the last
iIOUlSui, says bLt SbdbEuenb, we GADecL-
ed 20 weather the storm, but were finally
forced to the conclusion that it would be
better TO stop and shape matters 10 pre-
vent waste. The assets are largely in
excess of the Liabilities, and we feel conf
dent in saying that we can pay all liabili-
ties and interest and have large properties
left"
NEW YORK, June 19-F,aton, Cole
Burnham Il Co., manufactUr S of brass
h,U srr,FA Gr.AfJ J,fr
that they are unable. properly to care for
their maturing obligation and must sus- |
pend. The EN- mDarrass sment Is charged to |
Inability TO realize on their commercial !
paper on account of the SJriugeucy in the !
money market. The balance sheet for |
January showed assets nearly sufficient to |
pay their entire Indebtedness, and the |
statement says that the same relative pro-
portions still exist. No figures are given. |
BOSTON, june l9.-Ihe Little kauawha |
Lumber company OF Maine, corporation |
with capital of $500, 600 with $3i7, ,00J |
actually paid in, is financially embarrass-
ed, and has been placed III the hands of a
receiver. The assets are $1,000, 900 and the |
liza bilities S7S5. 600 consisting OF negotiable |
paper. On account of the failure of the |
the firms of Andrew L. Leather
bee, William II. Leatherbee 81 Sons and |
the Taunton Lumber Company have also
assigned
ALBANY, Or, June 19.-The Lynn coun-
ty bank closed its doors this morning,
posting he following notice: Owing to
The stringency III the money market this
bank hereby suspends by order of the d-
rectors." The deposItors will be paid dol
lar for dollar. President Cowan says that
the deposits amount to about $3.50 600 and
hat the assets exceed the liabilities by
500, 600. A branch of the bank at Lebanon
,lso closed at noon. The Bank of Oregon
II this city closed its doors during the
afternoon. The deposits of both are
small The failures were caused by steady
'unS.
NEW YORK, June ia receiver has
been appointed for the Bqchdorf Novelty
company of Jersey City. They manufac-
ured musical novelties. No statement
vas made.
TOPEKA, Kan. June I9-Abe Steinburg,
clothing dealer failed today, owing
35, 600, of which So. 900 is preferred. The
ssets are not stated, but it is said that
hey will not pay the preferred creditors