The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1896-01-11
OVERISSUE OF 100000
FORGED WAREHOUSE RECEIPTS
DISCOVERED At LOUISVILLE.
Affairs of hartley. johnson a Co. and
pany I'm Bad TaagIe-

LOUISVILLE. KY, Jan. lo-The failure
OF BARLEY, Johnson & Co. and the Belle
of Nelson DistiIlery Company is further
complicated by the news that forged ware
house receipts to the amount OF 100000 had
turned up There has been oversssue
of warehouse receipts which will amount
TO probably sl25.000 or more. which has been
made within the past eighteen months by
David BARLEY, one OF the members OF the
firm of BARLEY. johnson & Co, and secre-
tary of the Belle OF Nelson Distillery Com
pany. The revelations have been a sur
prise to his associates. and IL will be some
days before the assignee can make any
statement about the matter Mr.. Atila
Cox. president of the Columbia Finance
Company. the assignee. was asked this
morning for a statement. He declined 10
make any, but said that far the ex-
animation OF the affairs of the government
went there were certain facts which con-
firmed the belief that there had been an
overissue OF receipts and that on this ac-
count he was making every effort 10 get at
government accounts of entries in bond and
a comparison OF receipts with these en-
tries. When that comparison is furnished
it will be sible TO state exactly the
condition of these securities.
Information from other sources Is 10 the
effect that none OF these doubtful receipts
nave been placed with the tfdde, out uSeQ
only as collateral for loans, and that OF
this collateral $4,000 is held by Louisviilo
parties and $4,000 in New York and Chi
caso. The hope is still expressed by the
fri that the assets will be sufficient to
discharge all Liabilities. including these re-
ceipts, originals and duplicates. These rev.
Colonel Tilford, who for two years has
given much attention to his official du-
ties as the head OF the board OF public
da financial i''a affairs of his company save in
a general way, and the responsibility seems
TO rest solely with David BARLEY. who Is
now in New York, having left here three
days ago.
A Builder of Cheap Houses.
COLUMBUS, o., Jan. 10.-A. c. AGy, dwell
ing house builder. assigned to-day. Assets.
$554, 600: liabilities 100000. Benjamin Mon
EFT, assignee, has selected Frank A. Davis
and Heary vercoe as his attorneys. Ady
has 100 to 40 pieces of property He as
signed on account OF out-of-town creditors
coming in and taking judgments while his
own townspeople wanted to give him more
time.
Mr.. ADV has been a builde.' OF what was
called cheap houses. The houses had all
modern convenience. but were put togeth-
er with nails. looked well, had good ten
ants when not sold, ard his career as
builder was looked on as remarkable. He
kept corps of employees who were not
subject to call by walking delegates. and
hence never had cause TO fear strike
among his workmen. MIR. Ady was a useful
man in cheapening domiciles OF respec-
table-looking style. People all over tne
city are living in houses bought from Mr..
Ady which have not been fully paid Tor.
More local persons are interested IN , TINS
OF any other firm or individual IN the city:
Four creditors prior to noon nad nled
c rdfors IN bsd aforners at WorS on claims
Tie annual income OF the property Is $40
o99: interest on mortgage Indebtedness. sls.-
brance on property, $4,000; floating debt.
Sl2l5l5 There are without doubt many
preferred creditors. such as mortgage mold
ers E r. Sharp and Kathersn Mother are
among those making foreclosures on Ady.
Failure I'm the Wool Trade.
PHILADELPHIA, Jan. 1o.-Keene. Suffer-
lee & Co., of 421 North Third street. one of
the largest exporting and importing firms
of this city. failed to-day. 1t Is stated that
the liabilities will exceed $4,000. The
Equitable Trust Company was appointed
receiver by the court. Executions were is
sued against the firm on Judgment notes
by Mary G. Forepaugh. widow OF the show
man, for So, 100, and against Frederick w.
Sutterlee individually for similar amount.
The firm was probably the largest lmpofxer
trading stations throughout South America
and in Asia and Africa 1t also shipped
coffees and spices. Until year ago the
firm was Keene, Sutterlee Il Co. limited.
Ii was organized under the laws or New
York. MIR. Sutterlee, the manager, Is a
lieutenant colonel on Governor Hastings
by English capital, but five years ago the
foreign interests were bought out. john
facturer, was forced to the wall by the
failure. His liabilities are $4,000
hone. Disappears.
AUGUSTA. Ca. Jan. 1o.-An attachment
served by the sEerifr on the warehouse of
John p. Bones, cotton factor, startled
Augusta to-day. No failure In the history
Of this city has caused such a widespread
sensation. Mr.. Boness troubles came about
through speculations in futures The exact
amount of the liabilities are not known. but
it is believed they will approximate $4,000.
itors i'm the sum of $4,000, a relative $1,000
and a Western house $1,000 Many sensa-
tional rumors afioat. Bones left Au-
gusta on Dec 2s His whereabouts are I'M
known.
FnfIare of n Promoting Company.
BRUNSWICK, Ga. Jan. 10.-The Bruns-
wick Company, organized here in 1857, and
capitalized at $5.0oo.0o0. was yesterday
placed in the hands OF receiver by United
States Judge Speer, at Macon. on the appli-
cation OF the Knickerbocker Trust Com
pany, OF New York. holders OF 10000 hrst
mortgage bonds. j. ~. Talley, OF Macon.
was named receiver. The company's stock
was once listed on the New York Stock Ex-
change, and at one time was worth 81. but
has been without value in recent years.
The company organized to promote
various industrial enterprises.
other business Troubles.
NEW YORK. Jan. l0.-Spauding, Jen-
njngs & Co.. steel manufacturers at Jersey
City " j. to-day assigned to Charles T.
Hairland for the benefit OF creditors. The
firm is composed of Thomas III. Spaulding
and Robert T.. Jennings. Thomas II.
Spaulding, manufactures OF bicycle nttings
at Buffalo. y. y. and Jersey City. y. j.,
has assigned TO John X. Keim, without
preference
PEORIA. H., Jan. l0.-This evening Sin
ger q Wheeler, Incorporates wholesale deal
ers in drugs. assigned TO Charles r. Wheel
err The liabilities are: Capital stock Se50-
600: bills payable, $le6, 107. The assets: Stock
on hand s223. So: bills receivable. $i73, 776.
The principal creditor Is the Merchants