The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-27
MORE CLAFLIN STORES
IN RECEIVERS HANDS
seven Additional Retail Firms
Go Under, Bringing To-
tai TO Fifteen.
ALL IN GOOD CONDITION
Local Managers File Voluntary
Petitions TO Save Assets
for Creditors.

IN addition 10 the two retail stores in
p-,ntIvn and the six out of town stores
,oportcd on Thursday, several other dry
= ,o1. stores that are owned by the H. II.
,t,aiu Company. or John Clafiln. it's pres
,5,,t were placed in the hands of re-
c.l,rrs Yesterday. There are twenty
seven such stores IN all. but some Of them
are reported To be in excellent condition.
Trrrr HATE. Ind, June 26.-The Root
Dry Goods Company. capitalized at $780,
O0o. was placed in charge of A. l.. Muller.
reccivcr, to-day. The receivership was
granted on the application of NJ l.. Will
ti-son. president of the company. II Is
sad that the company IL solvent
NASHVILLE. Tenn. June 26.--George l..
rastucr. who was named yesterday as
receiver for the Castner-Knott Dry Goods
rorpany one Of the Clatiin chain. said
to-day that the liabilities were $4,000,
a, which $1,000 is due the Claflin COM
rany. lie says the pranch IL III good
shape
MoNrGoNERY, Ala. June 26.-The Mont
rorsry Fair. the largest department
Store in the city, filed u voluntary petit
Ton In bankruptcy to-day. II Is one OF
the Clanin stores.
Tile local firm was in good financial
shape and prospecting, but would be unable
Immediately TO pay an ODIlSdlloll Oh SZOV,-
COO due the Clafin company and which
would naturally be asked following the
failure. The firm has zoo employees and
has been doing business Of approximately
5000. 900 yearly, the instrument states. II
las been very prosperous ans Is in n
tond condition except for the fact that
'ne obligation Of s25o.00O due the Clafin
company becomes due suddenly.
CLEVELAND. ohio. June 26.--The Higbee
- . si.tl At,
Compauy. WAS not affected by the Clafin
failure u New York Mr.. Clafin held
stock in the Higbee Company amounting
=, about 800. 900 In second preferred and
common stock. The Cleveland Company
e In good shape and Mr.. Claims interest
Iruhably will be bought by local bankers
TOLEDO. June 26.--The Lion Dry Goods
COMPANY. Clalin subsidiary. went into
me hands OF "A receiver to-day. John W
Lewis, Jr manager OF he company, was
appointed receiver; bond 100000. Tn,
company will continue in operation.
Cr~ctNNATt, June 26.--The George w
NcAlpiu Company and the Fair Com
yarv, both OF which are owned by the
Claflu interests. were placed in the hands
- receivers to-day through suits in equity
Poth companies are said to be solvent and
". II continue business.
The NcAlpln Company and and Fall
COMPANY conduct two OF the largest de
Iartinent stores in this city. Both deal
heavily with the II. +. Clafiin Company
which accepted their commercial paper.
The McAlpin Company has a capita
e,ocS Of sl5o,ooO and assets approx
mately 100000. the Fair Company,
,apital stock IS $4,000 and its asset:
about 100000
LOUISVILLE. Ky. June 26.-An involun
tary petition in bankruptcy was filed her
'o-day against j. Bacon x Sons. a Clafiii
a..
the Mver Bridge Company, the Quasi Sho
Manufacturing. the Carter Dry Good
Company and the Belknap Hardwar
Company. The company will continue Il
business.
ErAr-NG, Pa. June 26--Thomas T
Merritt. who was appointed receiver yes
iardiy Of Lord & Cages store, Clafli
concern. said to-day that the proceeding
were u a friendly nature. The asset;
Including merchandise. open accounts
cash stocks. fixtures, &c, are schedule
a. aggrcgating about s53l.s23.74. II
stated that the liabilities, including tn
Arm's capital stock Indebtedness. are az
proNimatciy ST67, 412.92.
GRASp RAPIDS, Mich. June 26.--John 4
Hengercr. manager of the Spring DR.
foods Company, was named as receive
FOR the company to-day in a suit filed
he Kent Circuit Court. The liabilitie
were placed at S2l4.000. Business Will
continued II Is said the suit is TO facil
tate reorganization and prevent raid b
tlafln creditors.
NORFOLK. Va. June 26.--It was ar
rounced to-day that Watt. Rettew & Cla
~ this city. owned by James McCreery
Co OF New York, would not be affected b
the failure OF the H. Il. Claflin Compan!
IL Watt store IS one Of the largest dr.
goods and notion stores in the South.
AUGUSTA, Ga. June 26.-J. Il, Whit
& Co. a Clafiin subsidiary. for which
receiver was appointed yesterday. opene
as usual this morning.
WAsHfNGToN, June 26.-The causes
the failure OF the II. b. Clafiin Compar
were discussed to-day at a Cabinet NEE
ing. II was agreed that on the surfat
l'a9, there was no reason to assign u
operations OF the tariff as one OF q
causes Of the failure.
II was decided that there was no o.
caslon for an official Federal invtstigi
ton. It Is expected. however, that Il
Department of Commerce Will investiga
'hc causes In an unofficial way In ord
"a SEE whether a remedy TO prevent Sin
liar happenings can be worked out.
REpFoRp SPRINGS. Pa, June 26.-Tl
Clahn failure In New York aroused di
cusslon to-day at the convention OF Il
Pennsylvania Bankers Association. Cynic
remarks were made concerning con
mercial paper as security for bank circ'
lauon
SPOKANE. Wash, June 26.-R. b. Ca
Of Seattle was appointed receiver tod
for TIA, White House Company, owned
The Claim interests, on the petition OF
J We.scr, local manager. The attorn
for the receiver declared the concern W
solvent, was doing an increasing busino
and owed only "A few small bills, WI
cash on hand. Weiser asked for receiv
10 protect the company and save the a
sets from being swallowed up by I
Claim company.
TACOMA, Wash, June 26.-R. r. Ga
has been appointed receiver OF the Pc
pies store Company, Tacoma, New Jf
scy corporation, ana McDougall Sout
wick Company Of Seattle. a Washingt
corpora on. lie is president of both co
Germs Business OF both stores continu
as usual Both have been mOneymakers