New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-06-02
GRISWOLD & GILLETT FAIL.
HACKING A RAILROAD LANDS THEM IN
DIFFICULTIES.

MARKETING OF THE CENTRAIAA AND '''f-'
.ns SECURITIES STOPPED BY THE TRANS
MISSOURI DECIsIoN-HoPE OF AN
ADJUSTMENT HELD OUT
cr,sr,o,1 g. Gett OF No. 66 BROADWAY, ,ne a..
$3.50 Iife insurance Companys pW'u'e'
ha''"h IN .umro Yesterday They made an as
,on, without preferences to Whham -
T,,,.s q retired shipping merchant OF inc " an
arm, OF Tufts & Arkell. They were oeai' anor,s
,es,ment securities and acted as ms" -. ond
They also represented In the ChiIe' r,..u,ou
,,a.,oo On the sale of steel rails, Charles U"n.'
& Co. Limited of Sheffield Ens'a'o Cnoster Rail-
financial hackers of the Centraha q one wa Coal
ooa IN Illinois and of the Randolph Cohe an"
Company. an allied concern , n ,,yes at
.,,.' .or,ro,s wore Wayne Griswold, VINO lves az
A. ,Nftb Avenue Hotel and Jerome -. ",''o. os
lives Mt the Clarendon Hotel. lhe u,uor IN
started in 1870 and Mr. GhleN Deca'no - II
,sss The firm had branch ONCE III fo 80. ,.a
80 ,ormer,v nromincnt. but for some tiiiie nav
-. u,t,o business on account OF the senoiai "
rross,on Formerly the firms deaihes =" .
uore especially large Its customers ", IL ,r
,oraa throughout the country ana " SOU .,'.r on
large quantities until the nara u'"''
road building ., o,d us failure
considerably surprised Wall Street. WINE 'I'e so
Germ was known to have oeeh "i'''' ~',nosod
,,,,u, no business for some time, IL was SUPP
A.. ossoss resources sufficient TO carry IL Oh Io or
Indefinite perod Walter l.. McCorNie, Oh ' g.,
D,nd,ng No % Wall-st.. the counsel lot ''ie ~ i
ia. .'The failure OF the firm was cduseN ~ -,
connection with the Centralia ana Chcs'' -
road They advanced money on us ,o
honAs The decision OF the United S'a'eS l. A.
-, in the case of the TransMissourl freish' az
.oo,,,,on forbiddng traffic contracts ih'HV ~ -
possible for the firm TO place the Seeu'i. s o,most
Cn,,ralia and Chester, for this road depends am"
entirely ON traffic contracts with othei i0"N' -,
cord,pclv the firm was compeHed 70 sup .o,,s
tho roads that the Centraha ana Ohe9'e' Ian.orr
,r,., ore the Illinois Central. Chicago ana Has''
We louisville and Nashville. Baltimore anu
90, southwestern and Memphis and ONO i'e
,o,,raua and Chesters bonds were Pie"e'
loans obtained from banks ana ihsu w +, Nv
Mes in New-York and New-JerseE anu N. =, a
england Securities of the fNahuoip" 80, ,rs,,
&C, Con,panv were also placed with these ms.
tv,,ons ! am unable to say what inc
49,. o,d liabilities are They are Qulle loieN'
,cr,ar issued on January t. 1884, IN "i'ion ~
firm offered Centralia and chester 49, ~, IDS
oor,ed interest said that Sl,lWV" oi 'o ,.
had been disposed Of The bonus run ~ ,n.ar
80 from January l. 1896. bear per CENT M
-, orc navable in gold The Farmers Loan
- rr,st company of New-York is trustee Oh ,.c
,,or,gope under which they are lssuou' 1900 =
xY,s given to issue bonds at the raw ~ 80, Tho
mile and stock at the same rae Oh 'ie thn yeor
u.l 10
-, Iune 20 1896 This report SAID tha' S''-'V
e, ,o,, ond $500 900 ia bonds had been iss"eu' -
-, td that the rolling stock or Inc Toao VI.
is,ed Of FIVE locomotives, two passenger 90, 80
horcape cars two box cars and Hi l9 S- onerating
For 1he se1 % and net earnings SS',O E, ift a
SraS Maid in interest on bonds SSt'o'' "iO "
surplus road St Which is largely coal linz runs
evansville ILL., to o Gsn aSd has s four and onehs
AN Of sidings 1t includes the Sp ap1a roads
Genevieve and the CentTala anp IT'S president is
is sh Se. S1se G 1Ss v Tss
n fSSr Int IS supposed the naen nSs
e road to ono ono Ct tire atg and Girls
1eS Gett promoted other raiIreadR RIVER
n Mr Ta anS the assignee has for oc me
had desk room in Griswold q Giie ad last night
Tne at Of G S6nG ID the e cen
70 negotiate the balance Of the nonus 90 crosses
raa and, and Tn ines and they have been making de-
ter,nned efforts TO get c9htroi; t"nded 10 hold the
mafortv of the stock Owing 10 the 80 make
business and the sort they have experienced
some difficulty In floating =, thf EIDE over the present
cohiue' Tbev have been in business for seventeen
years and have an eXSefnts bair nhtIre ability TO
Weather the present storm, and come saieiS oO' u
this diifSH r yr,swoM and Mr. Gillct were out of
town last night
or,,rp FOCAL BUSINESS COMPLICATIONS
Charles F. F. Mccain has been appointed receiver
IN supplementary proceedings for Lawrence heIn!,
uouor-dealer of No. $50 Columbus-ave' Dy 'us,'oo
Iri,zs,mmons Of the City Court on the Application
~ Henry Wellbrock g. CO. The salooE is coNe'eI ny
y chattel mortgage to the brewer for $1,000. MI
Rev has been in the liquor business for ten years
SCION Derrick has been appointed receiver IN sup
Elementary proceedings for Henry Deeener, on 'iie
annlication of John Thomas. as administrator GI
I1Htpnenzo Ferraro Mr.. Degener owns property III
this city at Nos 929 and 9$l PaTk-aye,. NaIuea IN
$4,000 mortgaged for s5ooV0 ana soine "ou''' 40
George NJ Boynton has been aPpointeI receiver I'm III
ernnIementary proceedings for LOUIS hoenls, ioI-
merlv a dealer in musical Instruments Dy JHu ,r
Conlan of the City Court on the application oi refer
a.. deal hooks.