The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-01-26
LUMBER SEIZED FOR A LOAN.
PROPERTY OF THE WHEEL
WRIGHT COMPANY LEVIED on.

An Attachment served at brunswick
at the Instance of the National
Bank of Brunswick-A strong
Probability That the Company
VIII BE Able TO straiEhten Out the
Matter-Large Interests in Several
Cities Involved.
Brunswick. Ca. Jan. 25.-The branch
house Of William D. Wheelwright & Co,
lumber exporters OF Brunswick, New
York. Fernandina. Pensacola and Jack
sonville. Fla, was closed to-day under
an attachment for the National Bank Of
Brunswick. the amount involved being be-
tween 5000 and $500. The levy covers all
the lumber on the docks. on cars, in yards
and in the Spanish bark Villa de Sites,
the British bark AuriEa and the American
schooner Josephine EllicOtte-
Later q second attachment was levied
nj the instance OF John L. duBignon for
wharfage. rents. etc, the amount involv-
ed being s.. 400. and later another was put
on by the Plant System railway.
The three attachments are believed TO
be the starting or troubles which II they
are not bridged over quickly by, Wheel
wright & Co, will effect many thousand
people besides involving a vast amount
OF caDital and several sums due banks IN
New York and Jacksonville, and possibly
Savannah.
Up to within two days Charles R. Hew-
Att the company in the concern, has been
here closely consulting the firms attor-
neys, Crovatt & Whitfield. Matters in
New York supposed to be Of great impor-
fance called him away, as he left sud
denly without having time TO announce
his departure to the bank people. Ihese
matters were laid before him by wire,
and his sudden departure was surprise
Manager Whiting Of the local office re-
signed this week and left for Pensacola.
Manager PadrOsa of the Spanish export
ing department also resigned this week
10 enter another firm. Alr. Hewitt left
Arthr Gregertsen in charge of the local
office and when Mr.. Gregertsen was
asked for information, the Morning News
correspondent was referred to their at
fprneys They would make no statement
beyond the fact that the bank levy had
President Reed Of the bank max
ang the levy. when questioned. SAID:
lumber on the docks, in the vessels at the
docks, on the cars in the yard, and IN the
yard belonging to MheeIwYri,gnft ,,f q 20,
tected. We were fully justified in taking
the step we did. 1t is probable that the
frm may be able to arrange matters In
President Reed refused to say anything
further but the Morning News CORE
spondent has IT from reliable authority
that had his bank not filed the attachment
there would have been others from an
other source
The firm OF Wheelwright & Co., has
ranked as one of the strongest in the
lumber trade Of this coast. They did an
immense business at the ports of New
York Brunswick. Fernandina, Jackson
VILE and Pensacola. Their shipments
from Brunswick alone were between g. 000,-
900 and 100000 feet each month.
The New York Office, at 81 Wall street
Is the head of the business, and from II
all matters pertaining to the financial part
of the concern are managed. owing to
this fact there is no means of learning the
exact amount involved, If the firm does
not bridge over.
gentleman who has been investigating
It's condition closely, says that the firm
has ample assets, have been making
money and is now making It. The causes
which have led 10 their embarrassment
can probably be attributed TO a call being
made by a Jacksonville bank for a loan,
although it is denied that this precipitated
the National Banks action.