The Newtown bee., 1903-11-13
NEW MILFORD.
FAILURE OF SUFFER- BROTHERS.


 There is sincere regret on all sides in the reported failure of Sutter Broth were large buyers of Housatonic and Connecticut Valley tobacco. Vincen, Sterling, their representative. is well liked among the farmers for his fai
 treatment of them. MT Sterling has employed upward of 100 hands at hi warehouse, and if it remains closet this winter, it will be felt in the town Mondays Hartford Courant sad: A Chicago dispatch last night announced the failure of Sutter Brothers, the well known leaf tobacco dealers, with ex tensive establishments in Chicago. New York, St Louis and Havana. Or the assertion that the action was, taken to protect creditors, receiver was ap- pointed, the Chicago Title and Trust company being named. Liabilities ar' placed at $l,500,O00, with assets ex. ceeding that figure by S1,OOO, 900. It has been rumored in the tobacco trade for some months that the firm was in financial difficulties, although there was an impression that Lyman J. Gage, formerly secretary of the treasury, was in some way behind the Sutters It is said that Sutter Brothers have for some years been the largest leat tobacco dealers in the4eountry. The, are we'll known in this section, where they have been extensive growers and buyers of tobacco. They are interest ed in the International Tobacco Cul- ture Corporation, which has large tobacco plantation in Bloomfield fOI the growing of shade-grown Sumatra For some years the firm has had a warehouse on Burnside avenue in East Hartford and year ago big addition to the barn was built. The interests of the Sutter Brothers in this section formed only very small part Of their operations, and they were not the heaviest stockholders in the Inter national Tobacco Culture Corporation, Harry Reeder and other prominent Ohio tobacco men being associated in |, the enterprise. Sutter Brothers failed about 15 years ago, but the firm has been doing an apparently successful business since then, and on much more extensive scale than formerly A Chicago dispatch last night said E William c. Kiblack and Eugene C. Pearson were appointed receivers by | Judge Kohlsaat, who fixed their joint bond at:$1, ,Ooo, ,ooo, the largest ever fileo in local bankruptcy court. Accord ing to an inventory taken last week, , said Receiver Niblack Monday night
 "the liabilities of the firm amount tt l immediate reason for the bankruptcy il | that Sutter Brothers have been carry I ing an immense stock of tobacco ant
 have of late been unable to obtain
 money with which to support this | load. There is no truth in the repOr [ that there is diSSenSion among thu
 members of the firm" Edward A
 Sutter, one of the six brothers wht
 compose the firm, admitted that th'
 fight against the American Tobacco
 Co. had crippled the resources of tn firm. Another representative of Sut
 ter Brothers said that although tn . assets nominally exceeded the liabil
 ities, yet it was possible that creditor
 would uot receive full payments o their claims. Sutter Brothers wen through bankruptcy proceedings abou 20 years ago, but did not incorporat : the present company until 1898. To
 bacco growing on a large scale wa carried on by the company near Dela
 van, Wis.,, and drying houses wer 7 erected at Madison. The receivers too possessionof the property Monday nigh
 and proceeded to invoice it Tuesday g It is expected that it will take about . week to arrive at an exact statemen of the firms financial condition.
 GAYLORDSvILLE AND VICINITY. Fl The Epworth League will hold