The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-07-25
W. l.. STOW & CO.'S FAILURE.
Too Much Mexican Central. Some OF which
Mexican National Interests Get.

WI. Stow 4 Co, are among the best known
firms of tho Street on account OF their i'm
portant connection with the Mexie an Central
Railway On the door Of the FIRMS Offices
there was posted a notice which read
simply:
THE firm of ". l.. Stow & Co has this
day made a general assignment for the
benefit Of creditors to Daniel DeWolf Viewer
of 100 Broadway
w l.. Stow and Henry Coolidge are the
members of the firm, which was organized
in 1899. Both Mr.. Stow and Mr. Coolidge
are members of the Stock Exchange, the
former having joined in 1882 and the latter
in 1884
Mr.. Stow has been known in the Street
for great number Of years on account of
his former come sion with Addison Cam
mack, one of Wall Streets biggest oper-
ators. For Mr.. Cammack Mr.. Stow bought
control of the Mexican Central Railway
and the bulk of the Mexican Central stock
passed to Mrs. Cammack on her husbands
death. short time after this Mr. Stow
took steps to purchase great deal OF Next
can Central stock in Boston and elsewhere,
and it is generally understood that in seek
ing the control of the road this time he was
acting for H. Clay Pierce OF st. Louis, who,
with James Campbell and other st. Louis
men. now controls it. Mr. Stow is director
Of the road
There has been a steady decline in the
securities of tire Mexican Central Railway,
particularly in the common stock, which
carried the price down from 3l1S last year
to 1872 on Thursday. On Thursday Mr.
STOW is credited in Wall Street with having
sDpeared on the floor OF the EXch't nge INA
with having bought 10, 900 shares oil Mexican
Central common. The stock WIS bought
for delivery yesterday, and it Is understood
that when the sellers began to make de-
liveres at the office Of Stow Il Co. they
we're not able to I. ke and pay for it, ana the
notice of the firms failure followed very
quickly The price Of the stock tell
abruptly points on sales OF about $4,000
shares
Wall Street reports had IL that the firm
had tried very hard to arrange loi.ns to
take UP this stock. but was un .bIe to 90 so.
II was even sid that ii had offered as much
M per cent. for loans on Mexican Central,
and In some c..ses the offers were ma de to
the firms friends but with no result, A
feature of the connection OF Stow X Co.
with the road th~t HIS not been pointed
ont ia the fact that tho firm is interested
In n plan TO rearrange the fin. noes of the
Weyidan Central Mr.. Stow said some
time ago that negoti;.ti with the English
and Boston stockholders looking TO this
end had been practically completed. The
fntc Of the negotiations Is now, of course,
uncert in. The assignee of The firm. Daniel
DeWolf Viewer, is member Of the firm
of Marsh & Viewer at 100 Broadway. At
his Office late in the afternoon this state
n,ent was Issued:
At the Office OF Marsh 4 Viewer, 100 Broad
way. il was stated that MIR Viewer, the as
signee of W. l.. Stow Il Co., had not yet had
time to make a detailed examination OF the
affairs of the company. but from information
nj hand he believes that the assets will prove
more than sufficient TO pay all liabilities In
full.
Mr. Viewer was not inclined TO discuss
the failure. but attributed il largely TO the
extraordinary holdings Of Mexican Central