The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-06
One OF The LARGEST
A. b. Andrews, Furniture Manufac-
turer Of Chicago, Fails.
AN OLD. WELL KNOWN FIRM
The Recent Salt Lake Scandaious
Deal Did Much to Wreck the
Concern-A Great School
Supply House.


took possession of the store and fac
tory of A. II. Andrews q CO.. we'll
known furniture manufacturers of this
city. Judgment for s25. 700 was entered
by the Globe National bank. It Is un-
derstood the liabilities will reach $780,
900. and the assets are believed to be
sufficient to cover them. The judgment
was on two notes executed Nov. Is. one
for s16.50o. and the other for $s5.ooo
The house OF "A. III. Andrews & Co. was
one of the oldest and best known in
the United States. and has been doing
business with the Globe National bank
only three years. II know very little
about the matter" said James L. High.
attorney for the bank. to-day. THE
company's business has been regarded
very good until within the past few
days"
''Have you any idea as to the assets
or uabiiities?"
II have not been advised"
The sheriff took possession of the
place as soon as the execution was Is
sued and closed the doors. No one was
admitted except officers OF the bank
and company. This afternoon the COM
pany made an assignment In the coun-
ty court to Frederick A. Holbrook. Its
secretary. The assets were given be-
tween 100000 and 100000: liabilities.
$3.50. 900 to S400, 10000. The concern Is an
Incorporated company.
1t was the largest school supply
house In the world. The sheriff took
possession OF the company's downtown
factory and sales room and allowed no
one to enter but representatives of the
bank. After confeseing Judgment for
200 In favor of the Globe National
bank, 81 was thought best to make an
assignment. and the company made the
assignment to +. A. Holbrook, secre-
tary OF the company. OF the total in
debtedness of the corporation. s25. 900 is
owing to the Globe National bank: s40.-
900 to the Union National bank. and
the remainder is distributed among the
stociholders of the,company who have
loaned money to the corporation. and
various merchants in the lines OF busi-
ness with which the company was
called.
Frederick A. Holbrook the assignee.
said: This has come upon US like
lightning from a clear sky. Our busi-
ness was prosperous and at the present
busy season. Our only difficulty was
with reference TO immediate funds.
Circumstances so shaped themselves
that we were forced down under the
pressure just at a time when the way
seemed to be opening to a clear busi-
ness run and decidedly more pros
porous season"
"a. H. Andrews. assigned" exclaimed
the manager Of the Chicago Carpet
company when asked as TO the views of
furniture circles regarding the defunct
concern. "well. I know nothing about
that, although those on the inside have
expected such an occurrence for some
time. Ever since that crooked deal in
Salt Lake City. guess the company's
affairs have been In a bad condition.
You know their agent in that city made
a contract with the authorities to sup
ply a great amount of Office furniture
for the various city executive depart
ments. I think the furniture was
shipped and the company awaiting
payment. when II was discovered that
the agent had obtained the contract
through questionable means. and by
dividing a lot of Doodle among the
councilmen. The city authorities re-
fused to pay the bill and the firm has
not yet regained control of the furni-
ture. The thing produced a big scan
daL Then hard times also had some
thing to do with n.