The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-08-11
COL. THOMPSON
COMES TO AID
OF s. H. P. PELL
Noted Financier to Guaran-
tee Firms Debts From
Personal Fortune.
COTTON HOUSE SAVED
AND WILL REOPEN
Is Father-in-Law of Mr.. Pell
and Special Painter
in Company.

Col Robert VI Thompson. hnancier and
sportsman, will supply enough money out
OF his personal fortune TO meet the un
secured Indebtedness OF the firm OF
g. IT, p. Pell & Co. which failed and in
which he is a special partner That Col.
Thompson will make this sacrifice was
learned last night from AN unquestioned
source. His readiness TO assist the Arm,
It Is said. will put it on It's feet within
. short time, AT least before the Cotton
Exchange opens again
Two reasons were assigned for Col.
Thonpson's decision TO pay w the debts
OF tho Arm. one is the responsibility he
feels as special partner and the other the
fact that 5. IL. +. Pell. the senior mem
Der of the firm. is his son-ln-law.
When the company failed on July 81,
following a drop OF 200 points In the cot
ton market necessitating the closing of
the Cotton Exchange, or n drop OF $50
points from the high level of tho bull
market In June, 70 was said that its total
Indebtedness was between 10000 600 and
sil,0o0,O00. when petition asking for
the appointment OF receivers was filed in
the United States Court on August the
liabilities were said to be about $500
600 What the assets are was not set
forth in the petition. but they are said to
probably more than $4,000. 600.
1t has been expected all along that Col.
Thompson would put the firm on its fee,
again. but none OF his friends or legal
representatives would confirm the rumor.
The receivers OF the firm are Theodore RI.
Price. Arthur r. Marsh and Joseph VI.
Hartneld
The firm was organized in July. 1903.
with the following members $. IL. L.
Pell. G. 4. Kittie, Rowland Haggerty Pell
and Col Robert NJ. Thompson a "a spe-
Cal partner The capital is $3.50. 1000.
Following the failure the members of the
firm made assignments TO Theodore II.
Price. who himself had a romantic career
IN cotton and sensational failure, and
j Edwards Wyckoff. lawyer.
A committee of Cotton Exchange credit
tors met the receivers yesterday with the
view TO fixing a price for the settlement
Of the Enclosed cotton transactions. No
decision was reached, but II Is expected
that something may he decided upon at
q second meeting to-day.
Col. Thompson has been prominent
figure In Wall Street for years. tie has
been successful operator In the cotton
market. He was graduated from the Naval
Academy at Annapolis, served In the navy,
but resigned to study law. Having OBJ
tanned a degree In law he engaged in
various enterprises, in all Of which he
was uniformly successful. He has pro-
NOTED many large enterprises.
Although a shrewd man of business, he
has plenty Of time for recreation. He
is an enthusiastic yachtsman and loves
10 entertain his friends on the sea. Sew
cral years ago he chartered a yacht to
take his friends on a trip around tine
world He has been keenly interested in
amateur athletics.
He has served AS president OF the New
York Athletic Cluh. His fondnrss for
athletic sports was So great that he con-
tributed 100000 20 help the American
team 60 to the Olympic games I'm Stock
holm in 1912. He served az president
Of the American committee.
Col. Thompson has been an lndcfatl ga BILE
traveller. and in his travels has assoc
'ieted with the distinguished men IN the
various countries visited In 1910 he re-
Ceived from the Emperor OF Japan two
beautiful silver vases as a token ~ the
Emperor's appreciation Of the manner in
which the Colonel entertained Prince and
Princess Kunl Yoshi kun during the
Hudson Fulton celebration.