The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1899-01-21
Business Troubles.


4 dispatch from Lynchburg, Virginia,
January 10, says Seven petitions in
bankruptcy were fled at Lynchburs by
Roanoke parties, as follows John l..
Kelley, liabilities. S2,03S, and assets,
S1O5; Charles d. Keffer, liabilities, So,
457, and estimated assets, S1,710; WI.
Knighton, liabilities, S2l6, and assets
s142; Leon Thiery, liabilities, sl.7l6;
George w. Murray, liabilities, sl,5SS;
Robert \. Smith, liabilities, 81, OBS; Mrs.
Carrie p. Brown. of Salem, liabilities,
SIT, 057, contracted by Brown Brothers.
of which petitioner was member. Mer-
chants of Roanoke, Richmond, Baltimore.
Lynchburg, Danville and Petersburg are
the principal creditors.
Mrs. Haskell Pawling, who has con-
Quoted the Star knitting mill at Hagaman,
\. Y. since the death of her husband,
has filed petition in bankruptcy. La
bilities $40, 600, and the assets about
$3.50, 600. The failure was Preclpltated
principally by the illness of Mrs. Paving.
The mill, which employed l75 men, Is
closed Down.
BosToN. Jan. 1.-THE 34th annual
meeting of the National Wool Manutac-
turers Association was held here today.
Secretary North report was an exhaus-
tive review of the year. with all classes
of mills. he said. lit has been year OF
small business. of much anxiety and often
of hardship and embarrassment The
chief exceptions have been in mills where
large orders for army and navy have been
obtained. but the extraordinary demands
of the Government have failed to exert
any such influence upon the market a.
would ordinarily have followed them. The
number of failures and assignments IN the
wool manufacture have been larger. pro-
badly. than in any previous year since the
panic of 1851
Justice Truax of the Supreme Court has
appointed receivers for Hudnut Pharmacy
at 205 Broadway, New York city. Fred
erick F. Anness. President of the eom-
pany. which Is a New jersey corporation
with capital stock of 500. 000. The
company obtained an execution last July
George Hasting New York city has failed
Abraham W. and Frederick W. Legsett
a. W. a f. W Leegett, cheese COM
mission merchants at 80 Chamber, street,
have filed 4 petition in Bankruptcy with
liabilities SIS. 466 and nominal assets 81 Z
1875. Abraham ". Le.gett. the senior
par.ner. l. 50 Years old and ha> been IN
business more than fifty year,
William Strang proprietor of the Elmer
Clas, Works New jersey la, gone into
voluntary bankruptcy. The failure oi
William S,raus l. the biggest financial
crash that ever occurred in Elmer His
liabilities will doubtless exceed $40 900,
with assets which may net $50. 400 or
So. 900 Charles NJ Surrsu. a heavy
eudorser for Strang, has al>a made an a.
signment. Liabilities, $4,000. assets. 81 /
600 tie keeps livery stable aud deals
in calves, poultry and egg
Dams Review for the eth instant
saws Failures for the first week 81 the
wear we're 81 Col 500 in amount mann
featuring 1896. 452 and trading 81 los E.
23s. Failures for the week have h',rn
BIS IN the United State
The Tradesmcn Bank of New York
city Is to 20 out Of business At meet
ing Of the stockholders on the 18th inst
il was decided to 70 into liquidation. and
not attempt a reorganization. Stockhuld
srs will realize only - cents on the dot.
lar. Depositors ill be paid IN iuH Nr
Bates. of the I.iquidating Committee, said
that the two MacNaughtaR brother, hsd
% seriously crippled the bank thai ror-
gapizaiion was practically impossible EN
Congressman Adams, a counsel for the
bank. told the stockholders tia, mtllion
dollars had been lost somewhere. and that
Ia al his experience q law hs had never
heard Of a sureF ease Of criminal operations
than this Both he and Mr. Bates made
long aud detailed statements to the stock
holder, and from what they said there ],
reason 10 believe that the Tridcsmeu :
Bank failure may turn ont to be a. >eu>a-
tional a. that Of the Marine Bank in So
Colonel \. c. Woodruff. of Nsryyillr
Ohio, has filed petition in voluntary
bankruptcy, giving hi liabilities a~ over
$50. 000
Wm r. Marrhe Washington, y e..
bankruptcy liabilities 81. $40. ASSET, Slaj.
Harry T. Black, Baltimore Nd bank
ruptcy ;.abilitie- Sll.722, mo- asset,