The herald., 1897-12-28
OVERMAN GOES UNDER
THE VICTOR BICYCLE SHOPS ARE
CLOSED
English Champion Chase Wants An
other Race With Jimmy Michael,
and He May Get It

| and He May Get It
| SPRINGFIELD, Mass, Dec. 27.-The
Overman Wheel company, of Chicopee
Falls, with agencies in all the principal
cities of the country, made an assign
ment today to President H. H Bowman.
of the Springfield National bank. Liza
bilities, $539,0O0; assets, s1,s1S,O00. The
shops were closed tonight, throwing sew
eral hundred employees out of work.
Albert H. Overman, president of the
company and principal owner, gave out
la statement tonight showing that on
November 10 last the assets were s1,31S,-
900, and the liabilities s539,O00. The liza
bilities are largely notes, held principally
in Boston.
Mr.. Overman furnished $4,000 to pay
off the employees, and the factory was
closed. One weeks pay is still due to
the employees
A meeting of the creditors will be held
on Friday, and an attempt will be made
to reorganize and continue the business.
The company has already advance or
ders amounting to $250,000.
The Overman company has been in
business in Chicopee Falls for over ten
years, and is one of the largest manufac-
turers of bicycles in the country. When
running full time 1900 men are employed,
and as skilled labor is required, the
wages paid are high. About three years
ago the manufacture of general sporting
goods was added. The company is or
ganized under the laws of the state of
Connecticut, and the capital stock is
$25O, 900.
WANTS ANOTHER RACE
NEW YORK, Dec. 27.-Arthur A.
Chase, defeated by Jimmy Michael in
the thirty mile race in Madison Square
Garden Saturday night, is anxious to
race again. His manager, w. F. Welton,
is negotiating for another trial. Chase
has no complaint to make about his de-
feat except to say that he was dissatis-
fed with his pacing. In this complaint
all the bicycle experts agree with Chase.
"My pacing teams were made up of
good men," said Chase, but they were
too irregular and did not work together.
They rode fast enough, but they made
pickups badly, and at no time did they
work together with regularity and
smoothness that such race as I was
riding demanded. On the contrary.
Michaels men worked together with
the precision of machines. and he was
helped along at the same points that
1 lost time and ground
David Schaefer, manager of Michael.
has given a decided answer to Chase's
proposal for new match, saying that
Michael is to go out of training after this
week. If the match can be made within
that time Michael will go against Chase
again.
Schaefer is determined to give Michael
a long needed rest and no persuasion can
alter his plans. Michael, too, wants to
stop hard work for a time. The little
Welshman says he has earned a rest
and means to have it.
TAYLORE TRAINING
NEW YORK, Dec. 27.-Jimmy Michael
appeared in Madison Square garden to-
day with his retinue of pacemakers and
reeled off mile after mile in his work for
New Years night race against Taylora
Taylore, the young Frenchman, came
out on the track without a pacemaker
soon after Michael had started. Tay-
lore lost no time in tacking on to Mich
aers rear wheel. Michael's pacemakers
were sent out, team after team, to re-
lieve one another as in a race, and ev-
cry device that is known to a racing man
was tried to shake the Frenchman off
The pace was slowed, quickened and
jumped at intervals, but for ten miles
Taylore stuck to the rear wheel of
Michael's machine.
After the men had dressed, Taylore
was asked for an explanation. He re-
piled that he did not understand Eng
lish, and he thought the track was free
to anybody who cared to train for next
Saturdays race, and he did not see in
what way he had bothered Michael by
following him. Taylore appeared later
in the day with his own pacemakers
and rode ten miles in trifle less than
twenty minutes. Michael and his man
ager, Dave Schaefer, have refused a
$4,000 guarantee and expenses offered by
the managers of a St. Louis track to
ride one race any distance he wishes
to name and against any man he would
pick.