The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-07-17
King & Co, in the Atlantic
Building, Temporarily
C.oSe Doors.
HOPE TO RESUME SHORTLY
Stitt & &c. Loss eo,ooo-ETnest Hum
phIey & Co. S3,0oo-FOwler & Co.
s3,7oG-Stitt & Co. and Fowler &
Co. Pay Their Customers.

Eight local brokerage firms are in
volved in the suspension yesterday C.
Seymour Z &C.. the New York brozeras-
firm It is feared that some Of these con
Germs VIII be forced TO suspend and that
their customers VIII be heavy losers
unless something can e secured from
the New York concern, which does not.
at present. seem likely
The following local houses had Sev-
mour & Co fo- correspondents. [. d.
Fowler & Co.. Of 1921 F Street: Stitt &
Co. Of 1881 T; Charles Scott; Schroeder
& Co, 705 Seventh Street; I. NJ. Long
shaw, in the LeDroit Building and Cor
eoEan Building; Ernest Humphrey &
Co, 1928 F. and Simpson & jenkins.
The Sums lost by the varioIs houses
vary. but are said to average about
$1,000 each In a number of cases the
| concerns had no other connections in
New York except Seymour & Co. and
are now out of business, temporarily at
! least. with no wire connections and no
money. The more important Of the
firms, however, had other eorrespon-
dents. and have continued in business
with them
l. D. Fowler & Co state that their
loss is about 100 NJ. Fowler said II
a reporter OF The Times this afternoon
that he had personally settled the losses
II his firm with its customers, and that
here would be No suspension. ana no
loss TO customers. He expressed the
Eeilef that he weuId secure settlement
with Seymour Co. in some form. ana
wouI5 not lose by tie failure. Fowler
& Co have another correspondent in
New York
Another of the heaviest losers by the
failure was the firm of Ernest Humphrey
& Co. Mr.. John Humphrey a brother
Of the senior member of the nrri, stated
this afternon that his house had lost
about $4,000. Ernest Humphrey became
suspicious of the stability o. Seymour
& Co. last Saturday and went TO
New York where he has been since that
time looking after the interests Of his
firm
Last week. Nj. John Humphrey said.
Seymour & Co did not make
settlement one night. and we became
suspicious. We wired 10 the firm am
insisted on a remittance They sent
over $1,000, and for inc this quieted
our fears On Saturday. however. t!tcy
failed to make a remittance again. and
my brother went to New York. He n
nediately notified tha house that ne
would secure a warrant If cur balance
vas not forthcoming.
They gave him q check On Sunday
and it was presented at the opening OF
the bank the next morning 1t was pro
noaneed no gocd' Since then he has
oeen making every effort to secure q
settlement and he tells ne that ne ex-
peets TO secure settlement in full
Humphreys & Co. have another cor
Dresser Smith & Co. who
have otices in the 5taritime Building n
New York They have not suspeBde3
but those Of their customers who had
business en- the Seymour wire win have
20 wait fer few days Tor a settlement.
NJ Humphreys says.
King {. Co. we're perhaps the largest
uferers by the failure. The firm "a
omposed OF Capt. ". T. Il. King and
icnte Jacobs They had two Offices. one
Z the Atlantic Building. and sn3tber NJ
S59 r Street The Offices have each been
ioinE large business. and the loss
nile considerable. viii fail upon a large
-unoer or customers if a settlement is
iGt reached with Seymour &. Co.
CAPTAIN King has just returned from
SeW York He said 10 a Times reporter
his afternoon that he had enDIovad
awyers in New York to look after MS
interests
He has suspended temporarily OF ac-
cunt Of the Seymour affair but he is
onfdent that he viii be able 10 resume
usiness at an early day
Stitt & Co, who were reported to
ave lost Sle,0C0 really Cnly lost
Fitie over $500 Mr. David y Crock
II, the silent partner of the firm. paid
II his customers IL full today and the
rm IS still doing business. They TOO
ave the Dresser. Smith & Co. wire.
Scott 4 Co. did not lcse much. so it ia
aid They are still doing business to-
ay. Frank Barnard, who was the
Washington representative of Shredder
Co., located at 705 Seventh Street. is
mother loser by the failure The loss.
owever, viii not seriously eTnbarrass
hem. and the offices are still open 10
usiness.
l. NJ Lonssnaw, having Offices in the
eDroit Building and the Corslran
1iiding, is another sufferer. The total
'sses in Washington due TO the faiI-
re viii probably amount 30 s2e. 600
1ne OF this. il is believed, will be
The understanding is that
eymour Co. have some substan-
a assets that can be realized u3cn.
'hile the failure has been Widespread
cally, 1t has not been disastrous. Kinz
Co. vas the only firm TO suspsni bdll-
sss ~ntireIy.