New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-06-01
BIG COTTON FIRM FAILS.
HEAD CLERK DISAPPEARS.
Announcement of S. Munn, Son s
CO.-Resumption Expected.

The suspension OF the old and we'll known
house of 5. Mum, Son s co. was announced
yesterday the Cotton Exchange. the reason
for the step being explained in the following
formal notice from the firm, read from the ros-
trum of the exchange by Superintendent King:
We hereby announce TO the members Of the Cot
sence OF our head and trusted clerk. who has left
his books in an involved condition; we are Obliged
temporary. we would request all members of the
nresant the same to us with accounts at once.
We further state that we have very few open con,
tracts on the New-f York Cotton Exchange ana
that these balance each other.
Inqulrers at the offices Of s. Num- Son & Co.
in the DeImonico Building No. So Beaver-st..
We're referred for further details to the firms
attorney, Augustus II. Skillin, of No "a Pine-st.
MI Skinn said:
The missing employe IS Clarence +. Cameron,
whose home has been in Brooklyn He has not
Ills father came to the office this mornins lie
said that he had not seen him or hefd M IRON ,,ii
bis son starting to 60 as usual 20 the ONCE OF
arm on that day that his child sick, and that
be would not be down until the next day ~
ON looking over the books they WeIe louiIu 10 - ue
in an involved condition, and IN At least one case
where The hrm thought money %i$ & que, cd Jhr 6 Tu
Instead. The hrm was seriously aneGtga ,!r bg lre
they are creditors to a c9ilsios air1r nas
lowing soon after the SIag I%nutS t vtbing M
that the iirm should suspend. ,--,...... .,
All we know now is that the books reEltiimB 10 10
tie business of the firm III stocks ana gram are
tSpsytHrNE hniIt cGarcc of these books An
Cher man however had charge of the books re-
lstng 10 the cotton end of the business Ike chicl
5n%tafs 5i1g0e; 10 10 iF be- in 4 the grain accounts
The books We're gon" over 10y the once % IIiG9 81 .'
week. but many complications were i2nnq % IL tnT Th
advised that expert ACCOUNTANTS pe GStleu IN ~, ne
experts began work this morning ~ lS % 'i irdrs at
resent viii not exceed $l5GD In the assres$'les
these oItcn GTedIS Sas The firm has two cotton
Exchange meJnber5hPs Wifd %%+tn fy|f9ngs V worth
about 600 and Chicago Board OF Trade ine"-
II uIi take week at least 80 over the books
At the same time it is my opinion nat the aiiIns ~
a something like 100000 is involved are n3t oi'lE
the iiTm Exp expect be able TO straghen everything
dIt and 10 resume business shorty
The bouse of S Mum. Son & Co was estab-
shed in 1874 by Samuel Mum, grandfather oil
the present senior partner, and is one Oh 'he
most conservative and respected III the cotton
business The firm is at present composer VI
Samuel g. Mum and II. Tileston MUM ana the
estate of H. Goodwin Mum. jr II has recently
bea, doing a rather quiet and moderate busi-
ness The announcement of the suspension hau
little effect on the cotton Harhet'
ON March 10 S Mum. Son X Co OBTAINED an
j., ,,,r,otio,, restraining the Corn Exchange Bank
from releasing TO Danlel d '7uh' ~ -
Of $40 600. "a margin anticipate" This was the
only legal proceeding taken on that uay against
fhe SuIlv firm. which had suspended on the
preceding day; and as soon as the attorneys Tor
DanieI + Sully & Co. learned of the move they
6Ied assignment papers before the injunction
could he served.
Clarence F. Cameron is about thfty-th-e7
Years old and has been married FOR ten or
eleven vears He had been in the employ OF the
firm for sixteen years. For the last six years
he has lived modestly with his wife and little
girl who is now five years old. in fiat at No
AL Second-st Brooklyn. John cameron MS
father lives at No. liz Pacihc-st brooklyn
Mrs Cameron wife of the missing man, IS so
nrostrated that she is unable to see callers.
Mrs. John Cameron. speaking to a Tribune re-
porter yesterday, sald; c,,. -, L.,
1--WE canrot believe that Clarence mas done
anvthinq wrong He was a model young man
In every way He was not in the habit or gong
TO the races belonged to no CLUBS or ofsanlza-
tions, and had no extraVasaht n1 Ha1tS %, VI any
kind He was a man Who ueFU'n " 49, stI an Ui ms
time away from his business TO MS ramlly
.rThe Nunns have assured us that there is
nothing to show that Clarence ala anything d4s-
honest and we do not know or any way il
which he could have spent large amount OF
money.
1--WE have not heard from Clarence since Mon
iav morning Nav %, when he LETT the house
supposedly to go to the oifice Aithough ne had
not been in the best OF health, ne ana not ap-
pear nervous and we had not the slightest inti-
ma tion that he would not return We have no
dea where he is but shall exert every effort TO
ind him."
RUTLAND r. r. FOR MONTREAL
brandon r,url;nqton Across the Islands of Lake
OttaWa Quebec, four trains. Illustrated
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