The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-01-05

to provide for necessary improvements,
proposes to issue s.. 500, 900 in one-year notes.
bearing per cent. interest The note issue
will be financed by the Old Colony Trust
Company, of Boston, on behalf OF bank
ers' syndicate.
The schedule of the indebtedness of the
late Stock Exchange firm of Hatch & Foore
was filed yesterday in the United States
are placed at s651. 90. of which the unse-
cured claims amount to SIS, $40. The NOM
NAL assets amount to $SS673. The principal
asset is a seat in the Stock Exchange, the
value of which is placed at $4,000.
The Glasgow Manufacturing Company,
cotton mill operators, of South Hadley.
Mass, is in the hands of receivers. bill
or equity. filed in the United States Circuit
Court at Boston yesterday, by j. c. Atwatcr,
or New York. and other creditors, alleges
that the company owes about 100000 and
mat its assets were wasting. Counsel for
the company admitted the debt and assent
ed to the appointment of receivers.
A meeting of the stockholders of the
National Roofing and Corrugating Com
pany, controlling number of plants in
West Virginia. Ohio and other States. was
held in Wheeling. w. Va, yesterday. The
following directors were elected: G.. f.
Needham, of Cleveland; r. Il. Scott, of
Cambridge, o.; +. ]. Hyndman, of Cincin-
natl; +. c. Robbins, of Niles, o.; c. F.
Clark. of Canton, o.; +. c. Caldwell, of
Wheeling, w. Va.
tinues TO publish instances of English and
other European contracts for iron works
and the like going to the United States.
American syndicate will provide a summer
service on the Thames. This American in
ySasion," it says, lis much more serious serious
but 1T serves the Britishers right for their
disbursement of inventors and their neg
lect of the opponents of progress
Bankruptcy proceedings were begun yes
do in he Trrlirs III ~ ut Cro n
Rapids, Mich, by Kavaney & Co, of New
York Maynard l. Reed, of Grand Rapids,
and the Bortree Corset Company, of Jack
son, Mich, against Frederick w. Wurzburg,
Grand Rapids, who last week filed blan-
ket mortgage to protect his creditors.
WurZburg's liabilities, it is alleged, will
aggregate $685. 900. The assets are unknown.
The United States Rubber Company has
cut the price of it's products per cent. and
the company will rebate to its jobbers )
per cent. on all goods now on hand. Nego-
tiations which have been pending with the
fourteen independent companies have been
declared off, and no further effort will be
made TO combine the outside interests, IT
is said. The present cut in prices is ac-
ccmpanied by the announcement that an
other and more severe cut will be made in
April. April / is considered the opening
OF a rubber trade war.
The Dingley Wooden Mills Company, an
extensive manufacturing concern of Phila-
delphia, has gone into the hands of a re-
ceiver. The affairs of the company were
involved with those of George Campbell,
who failed recently, and it was found
necessary to ask for the appointment of a
receiver, and James Pollock was named.
He is also the receiver of Mr.. Campbell.
Owing to the failure of the mills a bid
which had been made for a contract for
Government blankets, amounting to about
$4,000, will be withdrawn.
The case of the Honduras Company a
Georgia corporation, against the Honduras
laws of New Jersey, had hearing at New
ark, n. j., yesterday. One witness was
examined and the case adjourned to Jan. IS.
The plaintiff claims that the Honduras
Syndicate secured an immensely valuable
contract with the government of Honduras
by deliberate fraud and in violation of the
complainants rights, and that the syndi-
an equitable trustee of the complainant.