Omaha daily bee., 1896-12-27
TroubIes'in the business world.

COLUMBUS, o.. Dec. 26.-J. o. Moss of
Sandusky was this evening appointed re
ceiver of the Columbus & Hooking Valley
Coal and Iron company, and his bond fixed
at $4,000. Mr.. Moss is president of the
company. The receivership was precipitated
by the receivers of the Baltimore & Ohio
taking Judgments aggregating $50. .4O5 against
the company for freight charges The re-
cever will continue the business of the com
pany. II is understood the receivership Is a
provisional arrangement, as the bondholders
and stockholders have appointed commit
tees TO effect a reorganization. The capital
stock Is $5,OOO,O00, mostly held by eastern
capitalists. Indebtedness $930,000. The
company owns about $4,000 acres Of valuable
cCal land. and five iron furnaces in the
Hooking valley. The outstanding debts are
estimated at 100000 in excess of the judg-
ments taken by the Baltimore & Ohio
CHICAGO, Dec. 26-Judge Nancy this
afternoon appointed the Chicago Title and
Trust company receiver for the firm of Nor
ton a Co., which operates the Lockport
Touring mills. one of the oldest concerns in
the vicinity of Chicago. The appointment of
the receiver was made upon bill filed by
John l.. Norton, one of the members of the
firm against his partner, Lemuel ID. Norton
to which the latter filed an answer agreeing
to the receivership. The partnership has
been in existence for nearly forty years
the present partnership having taken the
mill from their fathers. The failure is re-
Sarded as large one. the assets reaching
nearly $500 900 while the liabilities are said
to be considerably less. The failure is at
trlbuted to heavy speculations by one of the
partners on the Board of Trade some years
ago.
AKRON, o.. Dec 26.-Andrew Jackson.
prominent business man of this city as
signed today. The action also precipitated
the assignment of Jackson & Brodbeck
brick manufacturers, and the appointment
OF receiver for the firm of Jackson &
Lyman, lumber dealers, Andrew jackson
being heavily Interested in both concerns
The liabilities of Mr.. Jackson, including the
debts OF Jackson K Brodbeck, are placed at
$65OOO with assets probably exceeding thai
amount.
PHILADELPHIA, Dec 2G.-An execution
was issued today against Samuel Lees Sons
for 100000 The total liabilities will reach
nearly $lOO,OOO. Lees Sons were in the dry
goods business, having stores at SO and Al
North Eightieth street, 2, and North
Second street, and Eighth and Spring Gar
den streets. The execution was issued on a
judgment note.
DALLAS. Tex, Dec. 26-The Security
Mortgage Trust company passed into the
hands OF Harry f. Kahler az receiver to-
day. The appointment was made upon the
petition OF the company's directors. The
financial condition is set forth in the
petition: Liabilities, Sl,296 ,225; interest,
,O0O quit sale mortgages, $4,000; taxes,
Sl7 ,OOO Liabilities on stock, $500, 600; total
hahtlitie9, $24SS225. Assets: Notes and
mortgages. Sl.5OO,00O: in substitute COM
panies. $4,000; bonds In various corpora
tlons, $4,000; mortgages sold mot collected
S650,OOO total assets, S2,3l4,000, The sub
stitute companies are the Trust Company
Building association. the Texas Land ccm-
pany, the Security Investment company,
and the Cotton Mills Building association.
The Security Mortgage company was or
ganized in 1881. Hard times and poor col
lCCtions are given as causes for the failure
WALKERToN Ont. Dec. 26.-F V. Mess
ner. banker, has assigned. II is charged that
the money deposited In his bank was used
by him 20 pay premiums on his heavy life
insurance. The liabilities are believed to
be $4,000; assets. $40 900.