The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1896-12-18
|fHE Big FAILURE
is Followed by Two More Emhar-
raSs mantS.
G9sas GRAY And l. !. l.....y.
Their Liabilities Amount to
$4,000 The Western
Mining Company
Did 1t.

n Tho failure of the wholesale grocery
arm OF Quigley and Mullen for $4,000
y yesterday, subsequently caused the en-.
4 barrasslnent OF George w. Gray for $500
n 4nd b. Quigley for $40, 900 Suit against
Mr.. Gray is brought by the Farmers Bank
N nd against Mr., Quigloy by the First
kSNatlonaf Bank. The three failures hero
4 I'VE caused a profound sensation in bust.
ness circles.
- The failure of Quigley and Mullen was
\ preoipitated by the firm conressing iudg
) 5nent to the Security Trust aud Safe D5-
g postt Company for slOSip This included
trust funds entrusted to the care OF Win
Held 5. Quigley, senior member of the
nrn. which belongs to Mrs. Churchman,
the latter's sister. Then followed the
y enterlng Of other Judgments in heir
order: Frederick Stone, $1,000; Farmers
6ank SIS $50; First National Bank. Sl2750;
CHARLES Warner Company Si2jO; Newport
National Bank, $500; City Tax Collect.
or Mitchell, III, so; Farmers Bank. 81 30;
Alfred ID. Warner, S., 900; Farmers Bank,
4 esoO; First National Bank $40, 0O0; Girard
4 National Bank OF Philadelphia, Sl00O
IL AS soon as 1t was known that Quiglcy
and Mullen had succumbed tho First
Aational Bank entered Il Judgment bond
4 against l. Trllnble Quigley for $4,000
Nhe latter was Endorsed for Qulgiey and
A Mullen, and the action was taken for pro-
4 faction Both the Farmers and First
National Banks are secure, it is under
Z stood.
" As result of the Quigley ana Mullen
Milure, these judgments were quickly on
n tered by the Farmers Bank against Geo.
". Gray: Farmers Bank, Si7,36G; VII.
lard L. Whiteman, $50; G. II. Salmon,
$500; Joseph Davidson Sl,3Gi.75 Judg-
ment WAS also entered by the Charles
h Warner Company, assignee, Of Quigley Il
Mullen, against Charles L. Simmons, an
other leading grocer, for $500
Ever since tho bankruptcy Of the Col den
Y Sceptrt Mining Company of Quigley,
Montana, six weeks ago, there have been
xumors assaillng Quigley aud Mullens
credit. The mining company began opera.
ti0ns in March with u capital Of Sl25 O0o,
which was afterward increased to nearly
Amillion Tho president was Harry EN-
mons, while E. &. Cook WAS secretary.
Winetlld S.Quigley, was the general mana.
ger, while William d. Mullen was the
ereasurer. The enterprise was largely
supported by Delaware capital. Tx United
states Senator Anthony Higgins was II
atockholder, and the fact that these mon
took hold Of 1t served to get number of
other prominent Wilmington people in
the scheme.
The mining company built railway
from Quigley Mont, to the mine u dis.
lance Of three miles, but before it was
L u
: Chicago, entered lien against the pro.
perty for 100000. Tho mining company
Eai forced to suspend operations and Mr.
Quigley came home. Tho Wilmington
hanks and Others called upon the grocery
hrm for II statement then, but failed to
Bet satisfactory intorm,tion. The banks
were compelled to carry their paper and
1t was only question of time when the
crash would come. Both Mullen and
4 Quigley lost heavily in the mine specuIa-
Non and the falur are said to DO brought
about by the bursting OF tho golden bubble
Up Montana One Of the Stockholders in
the mining company, who told friend
Pc had lost Ill his savings, committed
suicide few weeks ago, 1t i, stated
farther that one Of the oldest Delaware
families Is bankrupt rs result of the
transaction i'll tho Montana mine More
sensational disclosures are expected.
4, Neither Winfield 5. Quigley for Mr..
Mullen will say anything OF the failure,
but one is quoted rs saying that the assets
will amount TO $4,000. These consist
0f bills receivable and u stock of groceries,
such as colfees, teas, sugar and supplies.
A year ago when a statement Of the firms
assets was asked for it was claimed at the
Hme that the stock alone was worth about
H125, 900, and the failures Of eight large
grocery firms were cited to show how
valuable were the assets OF the business.
1t was largely upon thli statement and
the undspu,ed proof of financial stability
ht that time that the banks concluded to
bandlG their paper
+, 1t is said that the firm has done as high
rs, $4,000 worth Of business in "A yenl
Tile firm was ono Of the largest in the
State. The Market street building is in.
clnded in the assets Of the lrm, but it is
understood that this property IS not
mortg aged.