The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-10-16
THAT WONDERFUL PROSPERITY.
ANCIENT FIRM FAILS.

New York. Oct III. b. Brewster u
Co., incorporated manufacturers of car
riages. made an assignment today for the
benefit of creditors to John A. Carver
The officers of the company are Joseph c.
Smith, president; r. Schuyler Tucker,
treasurer and secretary. Assignee Gar
yer says it is yet too soon to give even an
approximate estimate OF the firms assets
and liabilities. Mr.. Carver is certain,
however, that the liabilities will be some
what in excess of the companys capital
stock of S135, 900. To offset this, he says
the firm held pledged bills to the amount
of $3.50. 600 The firm of ]. B. Brewster &
Co. was instituted over 100 years ago, by
the father of the present head of the firm,
who took his sons, James B. and Henry,
in partnership.
The Farnham Marble and Mantel COM
pany, of Minneapolis, has made volun-
tary assignment for the benefit of its
creditors to Winslow n. Bracket. A. T.
Ankeny is the attorney for the assignee,
and filed the assignment. He states that
the liabilities are about S2o ,000 and the
assets probably much more. The assign
ment was brought about by the action of
an Eastern marble company to collect
$4,000 for marble furnished for the new
court house In this action payment COM
ing to the company from the court house
and city hall commission was garnished,
and this precipitated the assignment. 1t
is the opinion of Mr.. Ankeny that the
garniShment.Was not valid one, but new
ertheless tiled up the money for some
time, and the action had to be taken.
West Superior, Oct. 9.-Judge Vinje, of
the circuit court, tonight heard applica
ton on the part Of the Central Trust
companytof New York for the appoint
ment of asreceiver in their interest for
the plant of the West Superior Iron and
Steel company. Should the judge decide
to grant the petition 1t will make the
third receiver to be appointed, one hav-
ing been appointed by Judge Ludwig, of
Milwaukee and one by Judge Smith, OF
the superior court of this city. At pres
emf Judge Ludwig's receiver. Robert
Kelly, is inzposseSSiOn, but 1t is claimed
that by stipulation Of the creditors of the
concern he will abdicate to allow the
Central Trust company to go ahead and
forecloso a trust deed they have on the
property in 1888, 900 In addition to
which is now $500 900 more in accrued in
terest and costs Frank Rockefeller is
interested in the mortgage to the extent
of 100000, and will operate the plant ii
he can secure the control. The judge will
rule on the motion Oct. %.
Chicago. Oct 9.-The Industrial World
tomorrow will say: Iron and steel, with
few exceptions, have been very quiet for
the week and in some lines less active
than they have been for months. Pig
iron is very dull just now, as most of the
heavy consumers have their require
ments well covered to the end of the sea-
son, but Furnaces are we'll sold and are
not pushing for new business. Practi-
cally the same conditions prevail for fin
ish material, nearly all mills have their
products engaged to the end OF the year,
and what new orders come in are for
current consumption. The soft steel
market for billets, rods and rails is
strong, but no large transactions are re-
ceived.
A few more federal courts engaged up
on the Northern Pacific would more than
one-half endorse Donnelly.-St. Cloud
Dispatch.
Philadelphia Oct. 9.-The Patton
Trading company, dealers in shoddy and
waste manufacturers of cloth, recorded
an assignment for the benefit of their
creditors. The liabilities will amount to
about $35 600 and the assets will exceed
this sum.
Madison, Wis, Oct. Sin the United
States court today Judge Bum entered
a decree of foreclosure and sale of the
Portage City water works, the plaintiff
being the Farmers Loan and Trust COM
pany of New York which holds two mort
cages on the property, the first for $125,
600 and the second for S13 900. There is
now due and unpaid SIS ,922.6S. The mar
shall of the court is directed to sell the
property within year and apply the pro-
ceeds on the mortgages.
New York. Oct 10-The Congrega-
tional Home Missionary society is in unu-
sual straits financially. 1t is in debt to
the banks S179, 600; its treasury is empty,
and inasmush as only 100000 of the in
debtedness is secured by collateral, the
banks have refused further unsecured
loans. The salaries of the home mission
aries were due Oct. 1. Failure to receive
them means, in many cases, borrowing Of
local banks at high rates of interest. The
severity of the crisis is great but tenn
porary.
The famous Dickinson Department
Store Company, Minneapolis, made a vol
untary assignment for the benefit of its
creditors yesterday in the district court.
The deed runs to Victor J. WEIGH, and an
affidavit of valuation places the probable
value of the assets at $4,000. The bond
of the assignee is placed at S15O,OOO.
Winona, Mimi, Oct. an. J. Stein
bauer, boots and shoes, of this CITY, has
made an assignment to e. W. Rabstock
The assets do not exceed $4,000, and the
liabilities are probably in excess of the
assets.
A GOLD AND SILVER CLUB ORGAN
lied.
The undersigned regardless of former
party affiliations and fully impressed
with the Importance of a return to the
financial system which prevailed in the
United tates from 1892 to 1878, are in
favor of the free and unlimited coinage Of
silver Is to 1; and it's reinstatement of
full legal tender quality.
We hereby form a gold and silver club
at Mound City, Minnesota, to aid in the
work. Its officers to be president, vice
president and secretary.
No Initiation fee or monthly dues. Ex-
penses paid by voluntary contributions.
Meeting to be held at call Of president
in his absence by the vice president Sig