davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
Foreign Improvement.

rho London Staust' is optimistic on
tho financial outlook and believes that i'm
provement IL TO he noted In affairs
abroad. As instanced I'm the following
paragraph:
The most important events making Tor
a general and permanent amelioratlon OF
conditions are. first the action OF Great
Britain through It's Foreign Minister In
bringing the allies 10 their senses and in
ducing them to make peace with Turkey;
and. second. the action OF the Car or
Russia I'm the current week I'm making
forcible representations To Bulgaria and
to Servia and In causing them TO submit
their differences to his arbitration and
mediation. Every one IL aware that the
present situation has been brought about
bv the recent war In the Balkans, which
disturbed confidence throughout the Con-
tinent. Not only did the war cause the
destruction OF great amount OF wealth
which otherwise would have been avail
able for productive purposes, but II In
duced investors on the Continent TO hoard
their money. They not only refrained
from placing their savings in new Sc
curlties, but they actually withdrew large
amounts of cash from their bankers
The conclusion OF peace and tho agree
mont Of the allies TO submit their differ
ences 10 mediation should go long way
10 restore the confidence OF Continental
investors and 10 induce them TO provide
their usual quota Of the capital needed
10 carry on the worlds industries and the
worlds commerce"
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
MONEY AND EXCHANGE.

THE MONEY CALL.-Call money was
easy. Rates: Opening, . per cent; high
est per cent and closing, 2 per cent.
Time money was easier. Rates, 3i5 per
cent for sixty days. 3Aq4 per cent for
ninety days Az per cent for four months.
5G5L per cent for five months and 6i4aois
per cent for six months. Mercantile pa
per was dull Rates. 5iya6 per cent for
sixty To ninety days Endorsed bills and
choice four TO six months single names.
FOREIGN ENCHANCE.-Forei eX-
change closed firm. Yesterdays quota
tIons. Demand sterling iSS5q4 $500; ca
blcs. 4S35dLS7iO; siXty-day bills. AS;
short francs, 5.1Sls less 3-64; short reichs-
marks. 95l4 less Lea
DOMESTIC EXCHANGE.-Bost par:
Savannah. buying 3-l6c discount, selling
par: San Francisco. sight Sc premium:
Geographic &c premium: Charleston. buy
ing par selling Lice premium: Chicago,
par. New Orleans. commercial 75c dis
count bank 81 premium.
SILVER MARKET.--Ba silver in Lon
don was easy at 26S4d.
SUB-TREASURY.--Th United States
Sub-Treasury was creditor at the Clear
ing House yesterday to the extent Of
81, 100. iSs
BANK CLEARINGS.-New York, ex-
changes 1921 .021373. balances Sl3.06S lbs:
Boston. exchanges S6.977.764 balances $685.
195: Philadelphia exchanges SO, ISL $50. bal
ances s2,cl, 49, Pittsburgh. exchanges
sl0.527 40: Baltimore, exchanges 81. 764, 362
balances s6S6.9ll; Chicago, exchanges <S1-
0So, i99, balances 2,5l7,HJ.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
FRISCO BONDS MELTED rs
Last Issue Before Receivership
Was Sold in France.

Official confirmation was given to state
ments made in Wall Street yesterday that
the 100000 general lien per cent bonds
of the ST. Louis & San Francisco Rail
way sold in Paris shortly before the re-
ownership, netted the company Is. Speyer
&, Co charged a commission of q Of per
cent in reselling the bonds to the French
bankers at 1854. who in their official cir
cular, offered them at So, or at an appar-
ent profit OF 94 points.
owing to the heavy expenses Of bring
ing out securities i'm the French market,
Il seems that this apparent profit was not
all real. There is not only high govern
ment tax, but also fees for the of1icial
listing on the Bourse. which together
total between and per cent, so that
the actual profit OF the French bankers
could not have been I'm excess or ! pei
cert Consideration must also be gwen W
the fact that banking COMMISSIONS
abroad are invariably larger than In TINS
country, where bankers must content
themselves ordinarily with per cent OF
less.
1t is hoped that the bond interest on
the Frisco general lien As. due November
next, will be paid because OF IT'S divorces
from the Chicago & Eastern ILLINOIS py
the appointment of separate receivers
The probability of good crops is aiso
considered favorable
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
NEW YORK CURB.

Trading i'm the curb market yesterday
continued on "A limited scale. although the
tone was decidedly frmcr, with strength
in spots The industrial list was the
principal feature. United Cigar stores
improved about point. while the pre-
fcrred rose about points. Brtsh-Amcri-
can Tobacco moved up =. Tobacco Prod
ucts preferred was quoted cX-dividend.
The Standard Oil issues while quiet were
decidedly stronger. with far inquiry FOR
New Jersey The copper shares moved
within narrow limits on small purchases.
Activity In the Nevada group was con
fined almost entirely 10 Tonopah North
star From the opening transactions AZ
&c the issue moved up Ia tbc on Good
buying, finally easing OFF 10 95c Ionopah
Merger lacked support and was on 10
sales al 70 and o.. while Jim Butler came
ont al -sc. Rescue Eula improved 90 lhlzc
and 1Gi,c was paid FOR MHcNamara. Nm
ODD lot Of Halifax sold ~ Slss sales oil
West End were recorded at 81 OILS. and OF
MIzpah Extension AT sc TOnopah Min
inc was under pressure. selling az 90.
GoIdhcld Consolidated changed hands AZ
81. aLc Atlanta was taken 81 Joe. JUMBO
Extension dropped two points 10 .'r ana
Merger Mines came out al lsc.
Cd. H.. a. -rto.,,.., l. 70 "a
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
WILL REVISE STATE BANK LAWS

Of the State Savings Bank Association
and president of the Brooklyn Trust Com
pany; Herbert II. Lehman, a private
banker. of New York: John Harsen
Rhoadcs. trustee OF the Greenwich Saw
ings Bank Of New York Frank II. Pat
terson. OF New York, who has been en-
ploycd by Superintendent Van Tuyl in
the liquidation of failed institutions; Pro-
fessor Joseph +. Johnson. Of New York
University; George G. Boldt a New York
City business man; Leopold Stern. a di
rector of tho Market and Fulton Ma
tionaI Bank. New York; Charles l.. Bern
hcmcr. a New York City business man;
eX-JustiCe Randall j. Leboeuf. a director
of the Albany Trust Company; Frank T..
Howe, president of the Manufacturers
National Bank of Troy, and John II.
Gregory, vce-president of the Central
Bank Of Rochester
Counsel for the commission will bc
George W. Morgan and John DC witt
Warner. OF New York. George |. Skin
ncr. First Deputy Superintendent Of
Banks, will also be detailed TO assist the
commission in a legal capacity.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24

,,+,rbOrough Head Issues Cir
'''' nIIar About Banker.
TELLS OF BELMONT SUIT
.,l.t of 1876 Pages Sent to
'S stockholders, Bondholders
and Prospective Buyers.

80 p Shonts, president OF the
f's0oyg Rapid Transit Company,
.1ii'Va 2 circular over his name and
Is his company I'm which he' sets
lh ..rtain alleged facts regarding
'f' n Venner, OF c. II. Venner &
i'' l.oIers. of No p William street.
o. Mar which IS addressed ITO the
.H ...,aers bondholders and prospec-
s',- ..cbasers Of bonds Of the INTERIOR
% Fp.pjd Transit Company. and to the
.,,Isers and bondholders OF the In
80 -,ngb. Metropolitan Company &c
F~ ..,ss booklet OF 1855 pages, entitled
,p.torr Of the Libel Suit of Clarence
> r me- Against August Belmont.
ling 10 the statements OF Mr..
Wv. wv. contained In the pamphlet. Mr..
~ was responsible for the issuance
...,-ihution i'm the financial district
Mar entitled Warning attack
-. management Of the marlborough
"a Transit Company and the validity
I, h. recent bond issue.
o,.,b,rmore. Mr. Shonts says, Mr..
~, fs now repeating his practices
.sr,r,isements and circulars calling
non 10 litigauonS instituted 10y him
.s,,g the validity and security Of
j. bonds and advising investors not 10
g them , -,
-,lish in these alleged attacks. ac-
..,,,r 10 Mr.. Shontss statement, can
,.,,sd from the history of the libel
!, AGAINST August Belmont Mr.. Ven
81 the circular states, first became
lated with the marlborough COM
..v when he purchased, or caused one
NJ companies called the Continental
,,.,-,,lss Company. to purchase, 800
.,,,s NJ the stock Of the Interborough
.,,a Transit Company at the time
me exchange Of securities following
!, orranization Of the PETERBOROUGH
rsropolitsn Company.
n, history Of the litigation between
\, venner and August Belmont dates
I'm September TO- 1912, when Mr.. Ncnner
NED libel and asked $4,000 damages.
\, alleged Hbellous statement referred
\ Mr.. Venner as a man who has been
ssgnated by the courts as a practical
,,rkmaier." The case was ultimately
s,,0tnued at the request Of the plain
h according 20 the booklet.
Is Part Of his answer in the Nenner
gt Mr.. Belmont alleged that Mr.. Ven
made it a practice TO acquire few
s,rss Of stock in any large corporation
asmpsting plans which stakeholder
sN interfere with TO the embarrass-
r.rt Of those interested in the plans.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
PAYS IT'S RECORD DIVIDEND
Fifth Avenue Bank Declares $50 Per
Cent Extra on Capital.

The directors Of the Fifth Avenue Bank
yesterday declared an extra dividend OF
1870 per cent. In addition to the regular
quarterly disbursement OF % per cent on
the capital stock OF 10000.
This bank was organized in 1854. For
years It has paid an extra dividend ct
this quarter, but the present is the largest
on record. Last year 125 per cent extra
was declared. and since 1891 the regular
annual dividend has been 100 per cent.
The stock is now quoted AT about $3.50 a
share.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
BUSINESS REVERSES.

MACKELVBY & co. INC schedules 81 81
Mackelyey CO. Inc msnuia ecu, sSroe ~
show liabilities Of S1f,2l6; assets Of $500
consisting Of stock Sl3.9ol; nacnlnes ar
fixtures 5000; accounts $500 cssn IN c 1a,iG'
S879, and Insurance, $50 Among the ctehI
tors are Golden & Coz Si,206; Joseph Never
n 90. si357. and vlctuna america E :SInI
Inc tornplnv owes the corporation SG.0i5.
DOLLY TRADING COMPANY Schedules
Of the Dolly Trading Comp@ny deaie' shoa'
Liabilities OF Slo6l6: assets. Si,266, consisting
of stock. S3.GSS. fixtures. NlSZl. accounts,
SLAB. cash. $40, and insurance. Sl2 q; among
j. g Strattou 8 60. 81 49,. -.
HARRY SAMUELS BROTHER. -Judss
Hand confirmed a composition % Harry sam
uels 4 Brothers. wholesale dealers in mil
inery At No. 704 Broadway. At . cents on
the dollar cash. Liabilities. S!59sL -.
DAIMLER IMPORT COMPANN.-Jud
Hand confirmed a composition ~ the Daimler
Import Company. automobiles. formerly at No.
15l Firm avenue Win creditors. MI me az
and a new arrangement is 10 be made, whereby
the Daimler Motor Gesellschaft promises crcdl
tors SO FOR each car or chassis imported si,d
II 1913 Arthur &. Blagden. Lawrence r.
Braine and Harold 4. Content are 20 be me
trustees for creditors. 10 distribute the dlvl-
deuds Liabilities. $67,26l, available assets
'PNTRrCK REDDY. Judge Hand confirmed
a composition ~ Patrick Reddy. contractor.
~ SO. IS West i2Oth street, AT % cents on inc
dollar PAYABLE boz notes AT six. twelve and
eighteen months. Liabilities, Sljl,-S
GEORGE g. STAFFORD a tO-Judge
Mayer. u the United states District Court,
granted three creditors of George ~ star
ford & CO.. cotton goods commission mer-
chants. ~ 40 - worth street. time 10 file
their claims before June ~ with the re-
ceiyers george WOlcott and James @. era
ham The advertised time 20 hlc claims
,Npircd on June 10 The creditors arc the
surft Manufacturing Company. Sl6.Il3
Hamburger cotton Mills. $5"32. and Mande-
vile Mills. $1,000.
AMOUNTS UNDER $1,000
A. STEIN & DANGD-Pctitlon fled against
Abraham stein and Gcdalie David. who com
urers of cioaks and suits a. No. 90 East
10th street creditors. Abraham cohen,
SIS. Jacob cohen. 1884,, and lsador Roson-
tnsl So. Liabilities are $1,000; assets
s. 900.
LOUIS BARTEl.-Louis Bartel salesman,
~ 40. sl6 Greenwich street. formerly
dealer in meats and provisions. hled petition,
with liabilities ~ S2.lSa; assets. S4907. con
sisting of accounts, S3.lj7 and chattel
mortgage Of SLIGO.
MILTON r. COHEN-Judge Mayer ap-
pointrd Matthew g. Henkel receiver FOR
Milton r. cohen. dealer iu groceries and
meal 40 No. 1858 columbus avenue, bond
$500 Assets are $500.
ABRAHAM ILNERMhN-Iudge Mayer
appointed Stanlev H. Mollison receiver for
Abraham Silycrman. dealer In leather goods
40 NO 4f4 sixth avenue. bond. 5000. La
bllitics are g.. 100. assets. $1,000.
ISAAC GOLDSTONE-Juds Mayer APP
pointed George r.. Han receiver for Isaac
Goldstone halter OF 40. 20Ti Third avenue;
hord $500 Assets are 81 600. n was st>-->l
that % city marshal levied on 1870 hats on
An execution f0r 5000
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
Superintendent Van Tuy
Appoints Commission of
Fnanciers and Bus
mess Men.

Albany, Juno 3-Supcrintendent Van
Tuyl of the State Banking Department
announced to-day the appointment of a
commission to revise the banking laws
OF the state. as authorized by the Legis-
lature. which appropriated $4,000 for the
expense.
The commissioners are John Claim.
president of the New York Chamber of
Commerce; Charles A. Miller, president
of the Savings Bank Of Utica; Henry
Morgenthau. of New York. a director of
the Columbia Bank OF New York; Elliott
G. McDousal. of Buffalo. president OF the
Bank of Buffalo and eX-president of the
New York State Bankers Association:
T.. L. Maynard Of Brooklyn. president
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
STOCKS IN OTHER CITIES.
CHICAGO STOCKS.

Chicago, June 23-Local securities ruled
for the most part higher to-day. Chicago
Railways, Series ! and 2. certificates lead
ing the gains i'm prices with advances OF
more than points each Union Carbide
was advanced couple OF points on small
trading and Sears Roebuck common
final prices OF last week Smaller adj
vances occurred In Commonwealth. Ed
son, Chicago Elevated Railways preferred
and American Can and United States
Steel common issues Moderate dealings
at steady prices included the shares Of
Diamond Match. quaker oats preferred
doth classes. American Shipbuilding and
Public Service
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
D.nyer Union Water Company

T, q letter sent 10 the Denver Union
Water Company by the water CoHii'.ia
sion of the city Of Denver II IL stateu
that the company must either sell i'9
liant 10 the city for 100000 or the cry
yin construct It's own water distriou'iiis
system. In the letter the commission DC
ened IT'S powers and purposes. ana au-
Used the company that $1,000" was tne
,.o,J prlce 1t was authorized to pay
The company asked $4,000 before the
re "e Supreme Court decision even
49, 49, the people at a recent election
49, as led 81 900 900 to buy the old plant OF
n" ' new one. II was stated that the
o ou,T and the commission would De
coilPa"' cree on a price and settle the
later question amicaoly'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
BOND DOTS.

G. T.. Steinbaueh, County Auditor of
Bowling Green. Wood County. Ohio. will
receive proposals until / p. m. July T..
for $4,000 per cent coupon detention
home construction bonds denomination
$500, dated July Is, 1913 and due Septem-
Der I, 1918.
r. W. PrcsspriCh & Co., OF New York,
were the successful bidders on Juno Il
for $22l,iOO per cent registered bonds of
New Rochelle Wcstchcster County. y. Y.
According TO reports II. H. Day & Co,
OF Boston. were awarded on June Is the
temporary loan of $4,000 with Pttsheld,
Berkshire County. Mass, due October H.
1918.
j. a. Nash. clerk OF the Board Of SUI
pCryisors OF Redwood city. san Matco
County. Cal. Will receive proposals until
10 a m, June 50. for Si52.0 900 . per cent
highway bonds, denomination 5000. dated
July 1, 1918. and due July 1, 1872. Ac-
crued interest to be paid by the pur-
chaser
The new First National Bank. or Co
lumbus. Ohio. was awarded recently the
S220oo ~ per cent coupon flood cmcrgcn-
cy bonds OF Springfield. Clark County,
Ohio.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
IE 90. MUST PAY MILLION
utnS Concern Loses Suit Arising
from Fraud Charge.

'-I Lake City. June "a judgment
S0ns payment of s758.e53 damages,
costs. making the total more than a
-'a collars, by the Silver King COali-
Company 70 the Silver King Con-
.also Company was issued by the
"a States District Court to-day,
wing the refusal Of the United States
,,'sne Court 10 review the case.
Nner Senator Thomas Kearns is
~-apel owner OF the defendant com
~, winch operates mining property ad-
-x the plaintiffs AT Park City. Utah.
s.uon arose over the charge that
) s'sr King Coalition had defrauded
sASer King Consolidated. while the
.as working under a joint agree
prevent an apex dispute.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
CAN'T RAISE RATE ON IRON
Roads Must Abide by Old
Schedule. Rules Commission.

Washington. June q. - Proposed ed
vances OF the freight rates on pig iron
from producing points I'm Virginia to
Pennsylvania and New Jersey ranging
from 10 cents TO 45 cents a ton were
held to-day by the Interstate Commerce
Commission 60 be unreasonable.
The rate TO Philadelphia. which takes
the bulk Of the traffic. was increased -
cents ton under the proposed advance.
The commission ordered that the old
rates remain in effect
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
9'AER'S AUTO KILLS GIRL
"usnes with Her to Doctor s
!, Ofice After Accident.

snen' n. j.. June %. - Gertrude
h,n me four-year-old daughter of
:, Baker OF Metuchen. was run
"a" an automobile and killed here
y \. william f. Arnold. cashier Of the
h a. ohai Bank Of Plainheld, owner
he m ssr OF the car. was arrested
sgs sn,o was riding behind a milk
hs a n stepped into the road IN front
SFnr 81 Arnold. who says he was
Ok Is, no"ly. picked up the child and
y sss 70 The Office OF DIR. Frank Cook.
oead when he arrived there.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
II c. TREASURY FINANCES

u,..h,rs,on June 23.-The condi''o" u
~, ,..,,oG states Treasury at the beslnh'"s
OF business to-day was 'n'"e r..
ss7.77s.a79. in banks ana f"'',Pp' s,ao
urv. s55.9I7sl0; total Of genera au,u' AZ
OIL 953: receipts Saturday N'i"''''' q.
bursoments $2,s1I96i. The surplus '"'' -.
cal wear is $3.50 245. as against SUI '''
Of s4.715.525 last year. Tho hgureS ior
eeip,s. disbursements and surplus oNoiuu'
Panama Canal and public debt transac'io"s'
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
alaoAD CoNrERREEs NAMED
'"knolders Name Sub Committee to
Meet New Haven Directors.

s~h' June B.-The New Haven stock
committee appointed to-day a
~nmittee 10 confer with a similar
'ee which the directors Of The
iOTK New Haven & Hartford Rail-
nave been asked TO name. The sub
4"ee consists OF George Won i.
~ chairman; +. W. Matteson. Of
- Island; Ell W Whitney. OF Con
nv and Charles A. Stone and +. v.
Mayer of Boston.
MI pIent committee claims to hold
n Tor approximately 10000 shares
IN .he lsl5,eoO shares OF the common
|'ierred stock OF the road.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24

The Mass Consolidated Mining Com
many has resumed operations. 1t Is said
Win a force OF about one hundred men,
n, which number fully seventy-five are
oronloyed under ground. The normal work
ing force is around 20 men, The COM
pany. which was thrown into temporary
ldleness two months ago by labor
strike. resumed operations without CIV
ing recognition to the union or I'm any
usv meeting the demands of the strikers.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
,ttIok GOLD FROM ALASKA.

4, wash, June IA million dol
&n. solo' the first shipment from
Z, ~. N'asks' this year. was received by
|ars.aers Senator and Victoria, which
.,o. 'o their first round trip o: the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24

lhdnnati. June 23-The Cincinnati,
ASFsneeburg & Aurora Electric Rail
~ Company was placed in the hands
"a receiver to-day. The receivership
!" made necessary. IL is said, by food
SH Of 100000 The action was taken
mortgage on the road for $3.50, 900
uH TO the Union Savings Bank and
H'i Company The value Of the prop
" 4 estimated al s1.25O.OOO.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
Hamilton Gas and Electric Light Co.

Seventeen shareholders holding "V
sbsros Of stock Of the Hamilton Gas ana
Electric Light Company, for which they
had not paid any cash consideration nave
honr assessed 100 cents on the dollar by
~. referee in bankruptcy, who ordered
the fund Of $4,000 raised 10 pay w
debts Of the company. The hao'Il'ies ..
the Hamilton Gas and Electric LAeIlt
Company amount TO 100000 with assets 'la
~ xlg0ooo. 1t is capitalized at Siv"'V'o,
d,vided in 1000 shares at 500 each' az
s,,hecribod for. but not all paid.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
BRIEF NOTES Of FINANCE
Paragraphs of Current Interest
for the Investor.

If the course pursued by the admins
tration in framing its currency bill be
applicable to the various departments OF
business life, it affords proof conclusive
that It is dangerous to know too much
about your business. In the control Of
the currency Of the United States prac-
tically only one man with an expert
knowledge OF banking will be included In
the Federal Reserve Board. This kind of
policy has been pursued too generally in
the past i'm government affairs of the
United States, and has been responsible
for developing a government so thor
oughy unbusincsslike that il costs the
taxpayers of the United States countless
millions for cXtravagances due 10 the
lack of practical knowledge on the part
Of the peoples representatives in Con
gross
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
CURB ECHOES.
The Nevada Copper Company reports
production for May Of 5.933,275 pounds.

II is reported that the Davis-Daly has
cut the Hcsperus ore body l25 feet east
Of the old crosscut on the l.4o0-foot level
and developed ore "a feet wide assaylns
1 per cent copper. The ore body has now
been developed 325 feet I'm length.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-06-24
FLOODS CAUSE RECEIVERS
Lotion Against Ohio Car Works
and Trolley Line.

Isy.oh Ohio. June 23.-Receivers for
a Barney & Smith Car Company were
pointed in Common Pleas Court to-
II The chief petitioner was a Gin
matt concern which claimed there was
g.it the sum Of $1,000 on contracts.
Plaintiffs alleged that because Of
a'y losses IN the flood the defendant
.,en could not meet its debts Charles
harrison was appointed receiver and
j Estabrook. president Of the car
l1leny, co-Teceiver.
Z is stated that the company's liabili-
3 ere exceeded by the assets. which
asst Of $1,000 600 worth of contracts.
lSao,oo0 in raw materials. seventy fac
~ and Office buildings. Sfty-six acres
ground and much valuable machin-
81