The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1900-11-19
FAILS FOX OVER A MILLION
r. ID. CARLEY, Il WELLKNOWN WALL
STREET BROKER.
His Assets Nothing-A List OF the Prin-
cipal CreditOrs-Carley's Financial
Career-He Blames Certain Wall Street
Men for Forcing Him to tho Wall and
Threatens an Expose.
Threatens an Expose.

New York, Nov. 1S.-Francis y. Car
ley, a well known Wall street broker,
who lives at orange, N. j., made an
nouncement to-day at Newark, where
he was visiting his attorney, that he
had filed in the United States district
court at Trenton a petition in bankrupt
cy. The petition declares the liabilities
to be more than million and the assets
nothing. A list of the principal credit
ors follows:
Mrs. f. d. Carley, borrowed money,
$509575; Inman Swan & Co., New York,
judgment, November IA, 1900, $235, 900; j.
Kennedy Tod & Co., New York, judg-
ment, January II, 1894, $3.50 900; Franz
Deutscher and Caesar Schlessinger,
London, judgment, August 6, 1899, $780,
900; Van Shaick & Co., New York, bal
ance on contract, 100000; E. M. Black,
New York, 100000; Clay City National
bank, judgment 1896, Endorsement notes
of Kentucky Union Railway company,
$4,000; German Security bank, Louis
VILE, Ky, guarantee note Kentucky
Union Railway company, $1,000; Ken
antee note Kentucky Union Railway
company, $16000 In addition there are
about a score of other creditors holding
claims amounting to from $50 to $4,000.
These claims against Mr. Carley he
says, are the result of a venture in the
south several years ago in which he lost
$l500000.
While Mr.. Carley was abroad recently
one of his clerks acquainted some of
the Judgment creditors with the fact
that about 900 had been placed with
certain brokers for investment Believ-
ing that to be Mr.. Carley's own money,
these creditors began to force payment
of the judgments, placed attachments
on the money, and as a result he con-
cluded to take advantage of the bank
ruptcy laws in the interest of all his
creditors.
Mr.. Carley is sixty-one years old and
an Ohioan by birth. He practiced law
in Chicago for a short time, but in 1865
moved to Louisville. Here his active
career as financier began when he be-
came affiliated with the Standard Oil
company as president of it's southern
branch and for many years he was an
important IdCGOT III lndu COIpOfdllUH
He was also president of the Citizens
Gas company at Louisville and presi-
dent of the board of trade.
In 1890 Mr.. Carley came to New York
and at once took prominent place in
the financial circles. He becam head of
the brokerage firm of Carley, Stokes e
Co. which has since become the firm of
F. D. Carley & Co. He originally in
vested about 100000 in the firm. In
1890 Mr. Carley began the building of
the Kentucky Union railroad. A large
portion of it had to be cut through
gravel and sand land, and there were
frequent cave-ins, which in time entail
ed losses of thousands of dollars. After
having dropped a fortune in the road
Mr.. Carley gave 1t up and returned to
New York
Mr.. Carley in an interview blames
certain Wall street men for forcing him
in financial matters and says he will
soon make an expose. His petition in
bankruptcy has been referred to Com |
missioner Frederick w. Leonard of |
Trenton,