Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-06-15
ATTACHMENTS ISSUED
Against Money Belonging to Joseph Letter
and Held in New York Banks.

and Held in New York Banks.
New York, June 14.-Justice Daily,
Of the Supreme Court, has issued an
attachment against the property OF JOS
eph Letter, the WGeat spectator OF CHI
cago, for $793, 1926, in favor Of Otto =.
Lohrke, William P. Callaghan and
William knight, grain dealers, for mon
ey advanced.
The attachment was levied upon
funds belonging to Letter aud deposited
in the Chase National Bank, the Han
over bank and other financial concerns
in this city. The plaintiffs who COM
prise the firm Of Otto E. Lohrke & Co.,
assert that they advanced, at the special
instance and request of Letter, in yarl-
Gus sums, $793,925 since February l,
1898, which he promised to pay on de-
mand They allege that he has refused
to pay the amounts SO advanced to him.
The attachment was issued on the
ground that Letter is a nonresident.
Mr. Aarons. counsel for the paintiffs,
said that O. E. Lohrke, one OF the COM
claimants, was the shipping agent IN
this city for Letter and had handled
for him many millions of bushels of
wheat. Mr. Aarons said his clients
were not antagonistic to Letter and Sc
cured the attachment because of the
number of interests they have to pro-
tect. The attachment, Mr.. Aarons said,
would probably be satisfied before the
close of the day.
Chicago, June 14.-It was stated by
friends of Mr.. Joseph Letter that an
attachment issued against him in New
York will not affect the situation-that
it will not force an assignment. The
appeal to the court in New York was
evidently anticipated, as a represen-
tative of the creditor was here and
told Mr.. Letter that he was going to
do something Mr. Letter told him
to go ahead and do it.
The traditional irony Of fate was
commented upon among traders to-day
when it was learned that Mr.. Armour,
who was at one time Letters most for
midable competitor, now comes to the
rescue How much Armour paid Lei
ter for the immense holding of cash
wheat in the northwest has not been
made public.
P. d. Armour to-day bought all the
Joseph Letter cash wheat in the north
west, amounting to 100000 or 5,000,
900 bushels. Semi-authoritative in
formation is also obtained that Armour
will take up all of Letters wheat.
1t is greatly admitted that the sale
to Armour clears the atmosphere to a
considerable extent, and if trustees
are necessary to liquidate the rest of
Letters cash wheat in this city, New
York, afioat and in European store
houses, it will not require much time
to dispose of the remaining three mil
lion buShers or more. There will ap-
parently be little difficulty in winding
up the deal, inasmuch as it is authori-
tatively stated that bids have been
received for all cash wheat that Letter
has.
There is fair prospect that Letters
creditors will lose nothing and that
the wheat will bring in sufficient with
recovering markets to pay all claims.
THE EFFECT IN ENGLAND.
London, June 1.-THE collapse of
the Letter wheat corner has caused a
panic in the Liverpool market. In
London the news of the collapse was
received with equanimity. The con-
sensus Of opinion of a 1umber Of OPP
orators on Mark Lane is that the Eng
lish markets will gain steadlness now
that "the plunger operating without
regard to market precedence is shaken
out"
1t is asserted on Mark Lane that
the collapse was due to Messrs Armour
and Pillsbury. The newspapers, gem
orally rejoice at the break of the Letter
plans and point to it as moral
The Star says: eff the prime mover
in this war against mankind is beg
CARED by his greed the retribution is
well merited. Nothing can atone for
the awful suffering Letter and his ac-
nj, M hn1