Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1914-06-30

W, NJ, Jarrett John ClRnn Rnt
Thomas v, laSard, The total not In,
come for lplS WAS sg,0sa,7sl dlvl
denda on preferred atOck helnf
Flha,hNA and on common Sllhi,aOO
with u hnal aurplna Of Sl1i,0NS, The
percentage earned on preferred stock
was lNak per cent, and on common
aioCk NAl per cent, The asseta In,
| Guided NN,l lal aharea capital stock oI
tho Associated Merchants Company
lho combined net tRnglhle assets al
llRhne " CO, and the stewart prA
Goods Company, the cash Of the oom-
hlhed companies the aecurltlea OF l,ord
\ TANlor aud oAah available for fur
lher investments
Petition In Bankruptcy
NlmOhl simultaneous with the hllng
nt the suit IN equity John Mulier Wll,
liam Worth aud Albert w. neraner all
ot this oltN, l,led an Involuntary pe-
lillun IN bankruptcy Ngnlnst the hrm
The COmpAnN owes Muller AOoOrding
To THIS petition, UNli Worth Ia u ored-
ltor for Sa,laL whllo NerAnor'a olaims
are nlRoed ~ SaN,a20,
The rooelyorahln caused u furry IN
he 0nhuelNl dialricL although rumOre
mat AOWelhlnR was impending were
rlCg all daN yeslordNN II was assorted
In henklna olroles that the many retall
auhsldlhrleH RlllllNted with the lnteresla
would ho taken caro- OF,
me appointment Of reoelVora Id
hhcrlhed to an oNereNtenalOu OF oredits
\ eull IN equity for th,eNO was RlaO
nled hhAlnal tho hefonder ManutRo-
lnrlns NompAnN, said to lac a suhsldiary
ot lhn IT, IT, CMlllN NompanM The
complainant h Wtlllam T., Ndell The
mWe receivers were RppOluted, with a
bond IN thiA action Of sac GOO each,
t'ullCd Not Affected
None of the proceedings, II was said,
would AFFECT the United nW Goods
COMPANIES Whlrh oontrols tho ARsov
elhlde Merchants COmpanN holding
tho majority or the stook OF II, H.
Nlnl)ln ComrNnN A notohOlders' com
MeNandor, nresldent of the National
HANK Of Commerce, Ra chairman,
Whloh Wlll endeANor to formulate some
man Tor roNdWhilng the NlRnln Come
ptnN'h llnAnolNl affairs,
Muller Rnd others who nstltuted
lhe Involuntary proooedmgs, RneHe
thht the NlNilln concern committed an
hol OF htnkrQploN In eonsentng TO the
rcoelNoNhip Ia the equity nTooeedngs
phoy allege further that Tho hTT conoern
NNH, transferred certain property 20
hFeIerred creditors, The equity pro-
eeodlnHa are friendly, the drat hema
lnhlltNled hN lOhn O. ERWes, who In a
NCev nrohldCnt OF the COmpRnN
hln Not ,.orrow ileANny
" " said that the oOmpRny dld not
borrow heavily on lta own pRper hut
endorsed notes mNde hN interior mer,
chants for GOODS sold,
Vhe lnNhllllN OF these interior houses
aud Of the II, w. Clanm COMPANY Ia
nay or the mAlured norton &C these
notes IN haoNhed tO general dull huslu
ness conditions, to depreReed aalea aud
to slow collections
" VI nnderatood that the ClRtlIn
COMPANY Oontrola about twentyvelgh
dW hoOds nrma throuahOut the United
slNleh dlhllnot and NpRu from those
hlhllAled WITH the llnited npy Goods
NomrNnles, lletween $500 and N,OOO
hRnkh hold pRper or these slopes,
FWonlNvhve or thirty of the lArge dis
count hanks IN this olty are oredltors
for large Hmounts,
Ths lmenllneao ot the nrm are estl,
mated oht SSN,OOO,OoO and the asse,s Rt
va ,00O, coo
4 stotewent glyoU out Ny the claNlp
comnAnN sNysl
"fhe Unprecedented shifting of trade
eentera Ia New Nork has oRused sweat
loHN Ia manN interestA In the case oI
the II, II, tlRhln cempany, the Un-
town movement of hualneBa has aeT
oUelN curlNlled our Wholesale proOts
and has cOmpelled vs. ia RELY mRmlV
on the pronle from 0nanolng retNll
stores throNAhout the oountry, Pheh
rAnldN eNpNndmH huslnesa has occA
Noned large cRnltRl requirement. 4
which we. have not heen ahle 10 meet,
WINE Associated Merchants COM,
many and the Unlted nW O0ods COM
nantes are not themselves horrowers et
mOneN,N