The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-18
BUSINESS TROUBLES.
Cabinet Makers. Glove Manufacturers
and Other Firms Assign.

MILWAUKEE, Wis, Jan. 1.-THE Con-
way Cabinet Company, of this city, made a
voluntary assignment to-day to John M. w.
Pratt, of the Milwaukee Trust Company
who furnished bond for $4,000. The failure
was caused through inability of the COM
pany to meet payments of notes given to
creditors three years ago. At that time it
made assignment and was enabled to
resume by getting extensions. William Con-
way, the president, says the suspension will
only be temporary
NEW YORK. Jan. 17-Maurice Werth-
elmer, Herman Steinberger and Jacob Stein
berger, doing business under the name of
Wertheimer Glove Manufacturing Company
at Youngstown, n. Y, have assigned to
Bruno Richter without preferences The
liabilities are reported to be about $500, 600
and the assets about the same amount. The
firm has been in business twenty-three
years
wear manufacturing firm of H. Richter's
Sons, and Mr.. HorwitZ, of Horwitz &
Hershfield, are responsible for the state
ment that the increased rate OF import duty
on the common grade of kid gloves is the
principal cause of the failure.
CANTON, N. Y, Jan. II. The Lehigh
Valley Construction Company, of South
renee COUNTY CLERK Once deed d sne Of general
assignment to julius Workum, of New
York. The company had subcontract
pany to do the work on the Massena On. W
canal for the St. Lawrence Power Com
pany, which is capitalized 1T S. 600 The
Lehigh contract was wa sale &C. be a two-mil-
struction Company has filed a mechanics
lien against the power company for $4,000,
claiming to have done $7S,OO0 worth of work
during the past summer, for which they had
received but $4,000.
OTTAWA, ILL.,, Jan. 17.-Ex-Mayor L. w.
Hess has been appointed receiver for the
Ottawa Electric Street-car Company, of
which W. f. Ellis, of Boston, is president.
The company organized last year with
a capital of 100000 Extensions were built
at large expense, to which Eastern cap
italists, it is said have failed to contribute.
Several small judgments obtained during
the past few days precipitated the action
of this evening. The line will be operated
by the receiver.
NEW YORK, Jan. 1.-THE firm of Macy
& Pendleton, bankers and brokers. of this
city, made assignment to-day to Harold
G. CortIs. The firm has three offices in
this city and membership i'll the New York
Produce Cotton and Coffee exchanges. The
firm is composed of Charles c. Macy and
William f. Pendleton. The assignee of tht
neghborhood of 100000 and that the assets
would not equal that amount.
MILWAUKEE, Wis. Jan. 1.-THE Mil
waukee Manufacturing Company corpora
at North Milwaukee made a voluntary as
Signment to-day TO Jesse 3. Whitnall His
bond was fixed at $4,000.
DELAWARE, o., Jan. 17.-Hon. ]. d.
Nandeinan was tonight appointed receiver
for the electric street-railway company of
this city and at once gave bond in the sum
of $4,000. The road will be appraised at once
and offered for SALE
vice president of the FIRST National Bank.
of this city, assigned to-day to d. l.. Bell,
of Toledo. The assignment does not affect
the bank. Gormley's assets and liabilities
are not known.