The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-27
BUSY SUNDAY IN THE STREET
CLEARING TINE BOOkS FOR
TODAY Nv MANY OFFICES.
All Hands al work ut kecne Firm's-As-
slgnce Says Things Look BETTER
Mr. keene Interviews Holders Of uHis
Collateral at His Hotel ut Might.

slgnee Says Things Look BETTER
MIR. keene Interviews Holders 0f His
Collateral at His Hotel at Might.
Wall Street seldom secs so lively a Sun
day as yesterday, From shortly after 8
o'clock in the morning until sunset many
of the Offices in the financial district had
practically full force OF clerks at work,
and hanson cabs and automobiles, with
bankers and brokers aboard. were flying
In and out of Pine. Cedar, Wall, Broad
and Nassau streets, Exchange place and
lower Broadway all day A stranger In the
district might have imagined that the Stock
Exchange had got mixed in its dates and
was open for business while the chimes Of
Old Trinity called to worship.
Messenger boys we're on the run and
through open Office doors accountants
stripped pretty well down to the buff, were
to be seen porting over books. At the
noon hour the few restaurants that we're
open downtown did a rushing business
A man who was at work in an office in Ex-
change place said:
"Oh, it's all because some folks tried tn
sell all the stock there was in the world
on Friday and Saturday. Other folks tried
to buy ii and we poor devils that have to
keep the books are made to pay the piper
I've been down here twenty-five years
and, not even in the days of the Northern
Pacific corner, were there so many trans
fers to make.
At the Office of Talbot j. Taylor 4 Co.
both the Taylors we're at their desks prac-
tically all day and it was said that Mr.,
Keene, who had arranged on Saturday
afternoon to spend the day at Cedarhurst,
stayed in town instead and did business at
the old stand in the northwest corner of the
Taylor Office suite.
He was at the Waldorf Astoria last even
ing and u man vino had been with him for
some time said that he Was ovcrrun with
callers. Said this man
Zone banker or broker no sooner leaves
than another is admitted and This thing
has been going on sine" early in the evening.
The old man is still pretty blue, but tonight
for the first time since the failure he seems
20 have got a grip on himself and he tnlks
like a cummander-in-chieH again. Many
OF his callers have been men who hold
Taylor Il CO. collateral or the representa-
tives Of institutions which hold II. To
some of these representatives the old man
has talked like Dutch uncle. He has tried TO
impress upon them that onlva fool holder Of
some of the Taylor collateral, like Baltimore
and Ohio preferred and North American,
would dump Il on such a market, az certain
trust company did on Saturday
He has reminded them that for con-
siderable number OF years a considerable
number of people have had notion that
he knew something about security values.
and he has remarked that he guesses he
I'm IN rot a2 AZ
On that assumption he has told some Of tho
firms creditors that IL they'd hold on TO
this collateral awhile they'd make money
for themselves and save something for the
Tasyylors. ,,,,
ago, heard rather good story. One OF
the creditors seemed to be obstinate. Mr..
Keene suspected him OF representing
concern that wouldn't mind pounding him.
When the man seemed to rather persist in
picking flaws in Keenes reasoning, the OLD
man is reported to have said:
Very good. l have said all have to
say. You go tell your friends that I'm
il they think they can pound any more
out Of me they are damnaby mistaken y
Philip J. Britt, assignee of Talbot j,
Taylor & Co, said last night that he didn't
think it would be- possible to get ready the
statement Of the FIRMS assets and liabilities
before lale IO-IlOTTOW hitcl Aoon vi ooWc
time on Wednesday
"The accountants have been working
all to-day" said Mr.. Britt, "and go have ].
| was at Taylor h Co.'S Office early this
morning and didn't leave there until after
o'clock. As a result Of the days work
/ have much clearer notion of the firms
affairs that had before, and am pleased
to be able to say the prospect for the future
for Talbot J. Taylor h Co. is much brighter
to night that it was twenty-four hours
ago. / can't go into details at this time,
but the situation Is getting better instead
of worse
How about Wall Streets estimate OF the
liabilities at 50 900 ,OOO?" Mr., Britt was asked.
Il think it's too high was the reply
THE heaviest creditors, with the exception
OF Mr. Keene are the banks and, as near "a
can get at it now, the firm owed to them
about s8,OOO,OOO These debts plus the
loan Of Mr., Keene would bring the liabili--
ties up to $780, 900 and don't believe all
the other liabilities will amount to more
than S5OO,OO0, If as much
Mr., Britt was reminded that Wall Street
had estimated that the firm owed Russell
Sage 81, POO, ono and London bankers not
far from 81 ,O0oOO0
II understand that the Sage loan is in
cluded in the so 0OO, 900 due TO banks, re-
piled Mr.. Britt. AS for foreign loans.
| don't think there are any. At least, |
haven't foun1 anV vet