The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-12-31
CONFIDENCE GAME.
HOW 1T WORKS WHEN PUT TO
TIE TEST.
Many Failures in Business Because
the Promised Prosperity Does Not
Appear Above the Horizou-A
Few Samples In Business.


Few Samples In Business.
That prosperity wave, verltable
around swell" as Mr.. McKinley's local
admirers put It before the election is still
materiallzing in the way that was ex-
peoted by students of conditions, who
know that prosperity can never come
by increasing the taxes and giving
nothing in return. The very fellows who
bowled loudeat for the restoration Of
confidence" and tho preservation Of the
national honor" are the ones who are
first to reduce wages or to break up in
business. The whole thing Is found to
have been confidence game, manufac-
tured by money sharks, and fathered by
Labor Crusher Hanna. Here are some
more Of the evidences Of prosperity which
the advance agent should take time from
figuring on higher tariffs, to ponder over
New York-Solomon Sayles, wholesale
and retail dealer in meats and provisions,
has assiuged to Charles A. Hess without
preferences.
Wabash, Ind.--It is now known that
the Bank Of South whitley will pay
nothing to depositors. The concern had
$125, 900 in deposits when it closed. The
loss Of this money crippled the COM
munity so that much of the paper believed
to be good is now found uncnllectable,
and the receiver has been unable to ac-
cumulate enough to pay dividend.
Depositors have given up hope Of realiz-
ing anything from the wreck.
Chicago.-A bill for receiver for the
Flreman's s Insurance Company,a Chicago
concern which, it is claimed, withdrew
from active business January 1 was filed
in the Circuit court. The oomplainants
are the National Linseed Oil Company
the Grove Linseed OIL Company,
Thomas H. Homer and Edward lie
Boutillier, Judgment creditors for small
amounts, and william 9. Bennett.
Sandusky, Ohio.-The G. B. Hodg-
man Manufacturing Company plant
here Yves sold by the sheriff. 1t was ap-
PARSED at S95, 900, and was bought by
]. o. Moss, of this city, for two-thirds
it's appraised value.
Ssndusky, Ohio-Henry Neiken, a
clotbier failed. Liabilities about So 900 (;
assets, "a, 1000. Inability to make collsc
tions was the cause.
Toledo, uhio.-The failures of two
firms occurred here, Leland, Smith &
Co., prominent firm of wholesale
tobacconists, ana E. NJ. Haley, dealer in
hats and furnishings, J. G. Gould, vice
president of Leland, Smith 81 Co., disap-
peared last Wednesday morning and has
not been seen since. The assets of the
firm are about $780, 900, and liabilities
about $40, 900. The assets and liabilities
of f. NJ. Haley each sum up about
$40, 900.
Knoxville, Tenn.-A general creditors
bill was filed for the National Electric
Light Company and an injun ction was
granted by Chancellor Lindsay to prevent
the company from disposing of It's prop
erty or bonds The company is a small
one and has never got permission to run
It's wires over the streets of the city.
Wilmington, el.-The firm of Quigley
& Mullen, Wholesale grocers, has assigned.
The failure Is said to be due to the
financial difflulty which befell the Golden
Sceptre Mining Company, organized in
West Virginia, and in which the mem
bers Of the firm are interested. William
d. Mullen, Jr., is the treasurer of the
company, Winfield S. Quigley its general
manager. and among the directors are
ex-senator Higgins and DR.. r. S. Law,
Of San Francisco. The property of the
company Is situated in Granite county,
Montana.
New York-William j. Bagot and
Peter Bagot, who compose the firm of
Bagots Sons, dealers in dry goods, as.
signed to Ambrose o. Mccall without
preferences Liabilities, S14O, ,O0O assets,
$4,000. Dull trade and pressure Of
creditors are said to have caused the
failure
Cleveland, Ohio.-F B. Newton, an ex.
tensive lumber dealer made an assign,
ment to j. A. Smith. Assets are esti
mated at S125,OOO, and the llabilitie,
will not fall far shore of that amount II
at all, just before the assignment was
placed on record, ohattel mortgages were
filed with the county recorder preferring
creditors tn the amount of about $50, 900.
The assignee said there were unsecured
creditors having claims approxjmating
$4,000.
Akron, O.-Andrew jackson, promi-
nent business man of this city, assigned
Saturday. The action also precipitate
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 are placed at S65,0O0 with
assets probably exceeding that amount.
Columbus, O.-The failure of the
Columbus and Hooking Coal and Iron
Company, o: this city, which has passed
into the hands of Receiver ]. o. Moss,
of SAndusky, the application being made
by the receivers of the Baltimore and
Ohio Railroad Company, is heavy one
the company having capital Of
S5,OOO,00O, with outstanding bonds Of