The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1897-01-16

tim0re Evening News, ana AsSoelateu FTess Dis-
patches.
Mr. William J. o. Brien, .Jr. who re-
turned last week from business trip to
the Northwest, says that the recent bank
failures in st. Paul and Minneapolis and
other cities have seriously crippled business.
Solvent banks are withdrawing their ac-
commodations and in every way making it
less likely that they will be affected by the
embarrassment of unstable firms. This is
causing much trouble to legitimate firms
who have temporary need of credit.
NEW York, Jan. S.-R G. Dun &
Co. 5 weekly review Of trade tomorrow will
say OF the Is, $50 commercial and
banking failures in 1896, with liabilities
Of s276, S45, 749, large share represent
ed Gripping losses in previous years, or the
violence of speculative storms in 1895 or
the first half of 1896, while thousands
more resulted from the fury of the politi-
cal tornado last fall Banking failures
amounting to $50,71S.9l5 during the
year averaged 1856, 1856 each, and were
I45 per cent. larger than in 1895.
Commercial failures amounted to S226,
a96. 1874. a little over 81, 900, 900 having
been added by the last day Of the year.
but the average of liabilities, Sl4, 992,
was smaller than in some years of great
prosperity. The failures of brokerage and
other commercial concerns averaged
S5S. 4lS each increasing 1873 per cent.
over 1895, while manufacturing failures
averaged s2S, 500 each and increased 81
per cent, and trading failures increased
not Is per cent. and averaged only ~, 600
each. Over four-fifths of the increase IN
manufacturing and trading failures was in
lumber manufacturing, 40 per cent. dry
goods. 80 per cent WOODEN manutactur-
inc. l61; clothing trade, 20; shoe trade,
81; leather and shoe manufactures, l6I;
grocery trade, 80; machinery, 70i milling,
III: furniture, 90, and printing, 90 per
cent. In ten other branches the increase
was moderate in amount, and IN five, with
the unclassifed manufacturing and trading
failures, the liabilities were smaller than
in 1895.
Bradstreet tomorrow will say With
the exception of reports from dozen South
Atlantic Coast and Gulf State cities job
bers at nearly all distributing centres say
business is dull and without new features.
At most centres statesmen are just starting
out. Collections are reported unsatlstac-
tory. but in many instances merchants ex-
press themselves as hopeful of good spring
business.
J. w. S. Lindley, treasurer of Hum
boldt county, Iowa, has been arrested
charged with being $40, 600 short in his
accounts.
Fall River mill owners are considering
AN agreement to curtail production two
DAYS week, and also plan to export one
million pieces of the present stock OF cloth
On Sunday Mrs Oscar Adams was
found starved to death in an upper room
of Fourth street tenement house at Al
toona, Pa. Her husband was found by
her side half erazed, and in critical con-
dition for want Of food The coroner says
he will make a thorough investigation of
the case. The Board of Health reports
IS families, 300 persons in all, utterly
destitute.
Marshal Frey, of Baltimore, Md, says
that there has been more distress and rob
berry in that city than for long period.
Jones & Laughlin, manufacturers of
architectural iron, of Pittsburg, Pa,
brought suit in the United States Court,
at Columbus, Ohio, on Saturday, for a
receiver for the Southern Hotel Company
The company has capital stock of $500,
900.
The Central Trust Company, OF New
York, has fled suit in the United States
Court. at Columbus, Ohio, against the
Columbus and Hooking Coal and Iron
Company, to foreclose mortgage securing
1910, 600 of the company bonds held by
the Trust Company.
The Walker White Lead Company, of
Cincinnati, which has capital OF 5000,
600. is reported in financial difficulties.
An application having previously been
made at Ashland, Wisconsin, for the APP
pointment of receiver for the Shores
Lumber Company, E. A. Shores and his
son, Il. A. Shores, Jr., made personal
assignment on Saturday morning to ex-
Governor Upham, who filed bond in the
sum of $500, 600
The Builders and Traders Exchange
Company, of Milwaukee, Wisconsin, has
assigned. The assets are about $120, 600.
The First National Bank of Alma, Ne
braska, closed its doors on Saturday. Liza
bilities about $134, 600, and assets Sl6O,
900.
A receiver was appointed on Saturday
for the Bank of North st. Paul, Mime
sofa.
Noble H. Creager. J. Reese Pitcher
and Harry s. Rayner, co-partners, trading
as Pitcher & Creager, and also individual
". made an assignment for the benefit of
their creditors on Monday They are one
of the largest brick manufacturers in Balti
more, Nd
Paralyzed the Old Man.