The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-01-22
BUSTED"
THE GOLD STANDARD AT WORK.

| MeTCdHllIC OlOdh NOIuPnhyS ASSW AO1 n,
| failed for $125.O0O. Too many cloaks and
| too little money.
Western Building and Loan Associa-
| ton, of ST. Louis, assigned. Liabilities
| way up there. People don't want any
| homes-want nothing but money.
| Big lumber firm in Ontario assigned for
| want of stuff Plenty of lumber. hut law
| does not compel men to have lum Der, put
money. Too little money to go round.
| Farmers bank at Blackwell, Okla,
went down last week with you IN Inc
| vault Lots Of notes and mortgages, put
| deman who has de mon Is de boss. Too
| little money and too many notes.
| The prosperity Of the country continues
| with great eagernesS The First Natlona!
| bank of wellington, Kansas, has joined
the angels with asbestos wings in the
| next world. The bank at Ashgrove, Mo-
has yielded to the grim monster OF con-
| traction. The State bank at Gothehbl1rg,
Neb., flew up the flue. The state bank at
| Washburn. Wis, has vanished with much
| cash. Judge Woods has granted CONN,
| the wrecker of a great bank Of Indian
| apolis a. new trial. Business houses all
| over the country are tumbling like 9
| row of bricks. and the concentration OF
wealth into fewer and fewer hands II
| accelerated. Whoop 'em up. Glorioua
| system to vote for.
| Sultzbach, great clothier of Phtladel.
phia, is out in the cold because he tried
| to make clothing for the people People
| don I want any ClOlnIHS--WdHt OLIy HiIby
| lucre Nakedness and money Is what
| they want-but money at any rate. Don't
| know enough to supply the demand.
These people didn't have the mum ia
| pay the officers or judges:
| ''Evictions of settlers on the Omaha
| reservation in Nebraska occur daily.
| Yesterday four families whose arms were
| badly lacerated by a rope employed to
| hasten their departure from their homes
and who were otherwise severly treated,
R@~ 11n nSf NJ
| VIM and Sam Ashford. leaders, OF the
| evicting parties Of Indian police.
! Leo Mayer, big merchant Of GAINESVILLE,
Wis. failed because of his inability to
make collections" So much money In the
banks the people haven't any, see?
Washburn, Wis, bank failed and lot
of bowling dervishes who believe in put
ting their money in the hands OF bankers
are wailing their loss Never put in bank
more than you can afford to lose.
NJ Rosenberg & Co., wholesale hosiery,
New York, failed. Liabilities many thous-
ands.
M. Bixby & Co., Of New York, manu-
| facturers of backing, harness OIL, etc.,
have succumbed to the returning pros
perity. Liabilities, $240,028; actual as
setts, $s1.74s.
HERE'S ANOTHER BATCH.
Fort Scott, Kan, JAM 1S.-The plant Of
| the Fort Scott Paper Company, valued
| at $50, 900 was today placed In the hands
of w. T. Seagrave, an receiver, by Judge
| Simons, Of the District Court. The APP
| plication was made by the Bank Of Fort
Scott, which holds a mortgage on the
| factory. A few days ago tho plant was
! closed down and the employees sued and
got Judgment for 81, 300 back wages The
factory was built as an experiment to
make paper out of bagasse, from the
sugar mill. The experiment proved sue
cess, but the company did not have
money enough to carry on the business
The Receiver expects to resume opera
tons soon.
Philadelphia, Pa. Jan. 1s-The fifth
failure has been reported consequent on
the failure Of Keene, Sutterlee & CO., the
leather dealers. Charles w. Fink and
Charles H. Heilgman trading as Hartly,
Fink & Co., morocco manufacturers,
| made an assignment. Liabilities are
| said to be at least $4,000. Several judg-
ments were entered and a Sheriffs' sale
realized between $1,000 and $4,000 on the
firms assets.
Little Rock, Ark, Jan. 18.-Dave w.
Pollock, clothing and furnishing goods
dealer, was attached by the German Ma
tional Bank and other local creditors to-
night. Liabilities, $500; nominal assets
the same.
Duluth Mimi, Jan. 1S.-The Duluth
Provision and Dry Goods Company, oper-
ating a large department store in this
city assigned today to Joseph c. Helm.
Some of the creditors have applied for
the appointment of a Receiver. The
company was organized about two years
ago, with a capital stock Of $4,000
GlOversville, N. Y, JAN 1S.-Daniel B.
Judson, manufacturer of gloves, has as
signed to his son, John b. Judson, OF
this city. and J. P. Argensinger, OF Johns
town. Liabilities, $65, 600. Judson failed
two years ago.
Lexington, KY, Jan. 1S.-Frederiok
Halderman made an assignment here to-
day to Leonard N. Deall. Assets, $500;
liabilities, $4,000. Halderman Is diary
man.
HERE'S THE RECORD OF ONE DAY.
Philadelphia, Jan. 1.-THE leather
trade of this city was thrown into
state of CONSERVATION today by the an
nouncement that the liabilities Of Keen.
Sutterlee & Co., leather dealers and Inn
pOrters, who failed Saturday, will reach,
if they do not exceed, $4,000, 900. Leather
was only one of the commodities handled
by the firm. They were heavy importers
Of goat skins, chemicals, coffees, wool and
hides most of which came from South
American ports. Four other leather
houses have since gone down in the crash
which wrought the ruin Of the larger
firm These are: John M. Fenlin, liabili-
ties nearly 100000; Charles w. Landell,
$4,000; Charles Illingsworth, trading as
the Eagle Glazed Kid Company, and
John A. Duncan. The liabilities of the
latter two houses are not yet known.
not been seen since last Thursday. Mr..
Sutterlee and Mr.. Fenlin were intimates
in their business life, we'll as socially,
and their absence has led many to sup
pose that they have gone together, al
though Mr.. Sutterlee announced his de-
parture in search of his health From
whisperings in the trade it would be sup
posed that many of the men who best
knew the concern and its methods are in
clined to believe that the failure hinges
considerably more upon the disappear
ance of these two men than Is commonly
supposed. Their remarks would also sug-
gest that the affairs of the concern can
never be satisfactorily adjusted until Mr..
Sutterlee returns and explains matters Of
moment. The general feeling is that the
leather industry will soon reach a better
basis than it had before the failure.
Minneapolis, Mimi, Jan. 15-The City
Bank, one of the smaller state banking
institutions of this city, suspended pay
ment this morning pending an investiga-
ton by the state bank examiner T. j.
Buxton is president and Fred Smith
cashier The capital is $500, 900. The de-
posts at the last statement, Dec. 49, were
1923 604; loans and discounts, $7S, 1877; cash
on hand and due from banks, $146393
A. H. Linton, vice president of the bank
declares that it is perfectly solvent and
that the depositors will be paid in full.
Difficulty in realizing promptly on re-
sources caused the suspension. Other
bankers confirm this view and anticipate
r he winding III IF ho II Wit