The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-12-29
FAILURES INCREASING,
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B. Cuthbert & Co. bankers and brokers
at New York. who assigned Aug. 81 show
liabilities. $500. 1856: nominal assets. $426, TIA
actual assets. $3.50, 400 The largest creditors
are E. E. James. S134,CO6; Mrs. o. J. Cuth-
bert. $47.14S: and w. c. Cuthbert, SIG. 5O7
w. D. BlOodgood has been appointed tenn
porary receiver for the Coronado Rubber
company Of New York on application Of
It's directors for voluntary dissolution
of the corporation. Liabilities So, 455; as
SETS $163S9. The company manufactures
mackntoshes.
Lewis J. Phillips. assignee of Oscar Ham
merstein at New York, has been granted
leave to file a provisional bond Of $40. 900
until the schedules are filed, when the
amount of the bond will be fixed by the
court.
George F. Bentley has been appointed
receiver in supplementary proceedings for
George H. Pell, promoter and broker at
New York.
CHICAGO, Dec. u.-Judge Seamon Of
the United States circuit court has en-
tered a decree of foreclosure against the
United States Car company for $2,O1S, 7O8. 80,
the amount of the first mortgage bonds
and interest. In the failure Of the COM
pany to pay the amount within ten days
the property of the company at HegewiSch
is to be advertised for sale. The deed Of
tract for the bond issue was made to the
Central Trust company of New York May
l, 1894 to secure payment of issue of
bonds to the amount of 81, $50 900, payable
July l. 1892 with five per cent interest.
The plant Of the United States Rolling
Stock company was sold to Thomas f.
Parker at masters sale May g. 1898. The
United States Car company has defaulted
in the payment Of several installments Of
interest upon the first mortgage bonds and
has received notice by the court declaring
the DriOCfDal of the bonds due The hold
ers of a majority of the outstanding bonds
have requested the Central Trust company
to proceed with the enforcement of it's
rights as trustee.
Then we have the immense failure Of
a great bank (The Chestnut Street Ma
tional Bank), Philadelphia, of which
Mr.. Singerly. proprietor of the Phila-
delphia Record" "a paper that yields
revenue Of 100000 a year,, was
president. This failure was for mil
lions and has involved a number of
other enterprises in it's ruin-notably
the Chestnut Street Trust & Savings
Fund company.
Then we have in the same connec-
ton, as an illustration, record on one
day of five suicides in the city of New
York. Here is the list:
NEW YORK. Dec. 11.-Levne c. Dill
lon. 40 years old. an eccentric inventor.
shot himself today in the workshop and
died soon afterwards. Financial troubles
are thought to have led to the suicide.
Mary Obert. 81 years old, committed sud
eide tonight at New Brunswick, N. j.. by
jumping from second story Of her home.
Her mind had been affected for year.
William E. Romach. Al years old, sexton
Of DR.. Cox's Methodist Episcopal church,
shot and killed himself today.
Mrs. Dora Schmeickpeper, widow
As years DID, committed suicide by hanging
today.
A starving. shabbily-dressed man, about As
years Old shot and killed himself ON the
street tonight
The asylums are filling up with the
insane, until the burden is being dis
cussed in all the daily papers; 100000
unemployed workmen are hungry in
New York city alone, the catalogue Of
murders and other crimes is steadily
increasing; men are being ''held up
by highwaymen in broad daylight on
the principal streets of Minneapolis
and St. Paul. And this is gold bug
prosperity. l. D.