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MADE AN ASSIGNMENT. New York. Dec. 5.-William Clarke & Sons. bankers. today assigned for the benefit of creditors to the Von Norden Trust company. The firm is composed of James and Hudson Clarke, and had a mercantile rating of from $75,000 to $125,000.
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BANKERS ASSIGN. New York, Dec. 5-William Clarke & Sons, bankers, have assigned for the benefit of their creditors.
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TRADE, LABOR, INDUSTRY. The board of directors of the Westinghouse Airbrake Company yesterday declared the regular quarterly dividend of 2½ per cent. and an extra dividend of 3½ per cent. payable to stockholders of record Jan. 11, 1904. Acting on the orders of the United States Steel Corporation retrenchment is making in all departments of the Bessemer & Lake Erie Railroad. Operators, trainmen and employes of all classes to the number of several hundred have been discharged. Elisha W. Bucklin and Felton M. Lyttle, stock brokers of Boston, doing business as E. W. Bucklin & Co., filed a voluntary petition in bankruptcy yesterday. James D. Lowell, of Boston, was appointed receiver. Liabilities are placed at $63,870, all unsecured. It has been decided to amalgamate the Algemeine and Union Elektricitaets companies of Germany, which had already formed a working agreement. The Union Company's 24,000,000 shares will be transformed into 16,000,000 shares of the Algemeine shares, making the capital of the latter $19,000,000. Twenty-seven men who arrived at Coal Creek, Tenn., Friday from St. Louis to work in the mines were escorted out of the town during the night by a body of 500 striking miners. It is understood the St. Louis miners came from Colorado. They said they did not know the miners were on strike. The controller of the currency has authorized the First National Bank of Allegheny, Pa., to resume business Monday next. Charles E. Speer, president of the First National Bank of Pittsburg, has been elected president and a reorganization of the board of directors has been effected. The bank was found to be entirely solvent and will resume with unimpaired capital. Judge Thayer, acting as special judge of the United States Circuit Court at St. Louis, granted an injunction yesterday restraining seventy-five members of the St. Louis Typefounders' Union No. 5 and other former employes of the St. Louis branch of the American Typefounders' Company from interfering with the business or the present employes of the company. Headquarters of the Brotherhood of Railroad Freight and Baggagemen of America at Lancaster, Pa., was closed yesterday at the request of President Robert F. Neill. General Secretary John Rupeley, it is said, was directed to attend the biennial convention of the brotherhood, now in session in Baltimore. On Rupeley's failure to appear to answer charges that certain of his actions were detrimental to the brotherhood the officers decided to close the office until a thorough investigation be made. William Clarke & Sons, bankers at New York, yesterday assigned for the benefit of creditors to the Van Norden Trust Company. The firm is composed of James and Hudson Clarke and had a mercantile rating of from $75,000 to $125,000. The failure is said to be intended for a clearing-up business rather than because of any great deficiency in accounts. Attorneys for the firm announced that "it is merely a formal assignment." The firm expects to pay dollar for dollar and then have a balance to spare. Cotton manufacturers at Fall River have received circulars from manufacturers in North Carolina inviting them to attend a meeting to be held in Charlotte, N. C., on Tuesday to consider some plan for a united curtailment to meet the cotton crop conditions. Two of the Fall River mill owners have gone to North Carolina in an unofficial capacity, but it is said that if they report any strength of the movement in the South it is possible that an effort will be made to bring about favorable action on a curtailment proposition. The Austrian cotton manufacturers are seriously affected by the advance in the American cotton market. A majority of the manufacturers were entirely unprepared for the rise, carrying very small stocks, and consequently they will be obliged to restrict their output to the lowest amount. Some factories are expected to shut down temporarily. Experts say that the entire continental cotton industry must be readjusted to meet the new conditions and some profess to see consolation in the probability that the general curtailment of manufactured goods will tend to a healthier condition in the cotton industry of Europe.
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BANKERS ASSIGN. New York, Dec. 5.-William Clarke & Sons, bankers, today assigned for the benefit of creditors to the Van Norden Trust company. The firm is composed of James and Hudson Clarke and had a mercantile rating of from $75,000 to $125,000.
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MAKE AN ASSIGNMENT. NEW YORK, Dec. 5.-James and Hudson Clarke, who compose the firm of William Clarke & Sons, bankers, at 158 Nassau Street, have assigned for the benefit of creditors to the Van Norden Trust Company.
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AN OLD FIRM ASSIGNS. W. Clarke & Sons, Bankers, Expect to Pay in Full. James and Hudson Clarke, composing the firm of William Clarke & Sons, bankers, at No. 154 Nassau-st., yesterday made an assignment for the benefit of creditors to the Van Norden Trust Company. Johnston & Johnston, of No. 8 Centre-st., are the attorneys for the assignee. The work of examining the books of the failed firm will be begun to-morrow by the assignee's accountants. No estimate of the assets and liabilities could be obtained yesterday, but it is understood that the firm believes it will be able to pay one hundred cents on the dollar, and then have a balance to spare. One of the members of the firm of Johnston & Johnston sald yesterday afternoon: William Clarke & Sons have never been clients of ours, so when they came to us with their trouble last night we thought it wisest to turn them over to the Van Norden Trust Company, who employ us. A trust company of that sort can handle assets more cheaply and quickly than a receiver. I have no head for figures: you'll have to go to the trust company for those, but from the statement the firm made last night they are well inside a safe margin. That firm is one of the oldest and most reliable in the city. They have been in business over fifty years; two generations to a certainty. We have been in this office for that length of time ourselves, and I remember my father saying often that he remembered William Clarke & Sons having an office around the corner when he first came down here as a very young man. The three generations are well known. The sons, James Clarke and Hudson Clarke, have the place now. William Clarke, their father. ran it before them. They have always done a most conservative general banking and brokerage business without hitch or flaw, and i see no trouble ahead now at the end. It was a god plan, this going to the trust company, and I am quite sure no one will be a loser by the settlement. We hope that they will be able to pay dollar for dollar, as I said, and then have a slight margin left.
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SUMMARY CULLED FROM DISPATCHES o THE ASSOCIATED PRESS. A Review of Happenings in Both Eastern and Western Hemispheres During the Past Week-National, I Historical, Political and Personal Events Tersely Told. e Congressman Burke died recently at his home in Philadelphia. Backed financially by the United States government, a salmon fisheries congress will be convened in Seattle February 23. 1904. Jack O'Brien knocked out Jack Williams in the third round of what was scheduled as a SIX round bout recently in Philadelphia. Kalman Foldessy, who was arrested in New York during President Roosevelt's recent visit for writing threatening letters, has been committed to the state hospital for the insane. a The Rappel, of Paris, publishes dispatch from St. Petersburg announcing the massacre by Boxers of a number of Christians in the Szechuan province of China. A cablegram from Tegucigalpa, Honduras, announces the death of Senora Guardiola, mother of the wife of President Palma of Cuba, and wife of former President Guardiola of Honduras. Henry Billings Brown, associate justice of the United States supreme court, will be totally blind within a week or two, according to information imparted to him by his physician. The rise in the Tiber has flooded the country so near Rome that it is impossible to get to St. Paul's, two miles out of the city, as the district surrounding Rome is now covered by four feet of water. Five of the men charged by Lant K. Salsbury with accepting bribes for supporting the project to supply Grand Rapids with water from Lake Michigan. appeared in the superior court and pleaded guilty. The report of Health Officer Snow, in regard to the diphtheria epidemic at Stanford university, shows a total of 12 cases of diphtheria, eight of which have been removed to the newly purchased detention hospital. The declaration of martial law has paralyzed all business in Cripple Creek, Heavily armed pickets of the National Guard are stationed on all street corners and many residents of the city do not venture upon the streets. Handcuffed to a man he is alleged to have defrauded out of $800, Gabriel Hossza, the young foreign banker of Sharon, Pa., wanted for the embezzlement of nearly $15,000. made his escape from an Erie train at Binghamton, N. Y. Paris. Mo.-Enraged because Miss Anna Hartman, for whom he had secured a license to wed, would not marry him, Frank Dawson shot and fatally wounded his sweetheart and seriously wounded his successful rival, Obe Hughes. William Clarke & Sons. bankers of New York, have assigned for the benefit of creditors to the Van Norden Trust company. The firm is composed of James and Hudson Clarke and had a mercantile rating of from $75.000 to $125,000. M. Raume, the French astronomer, noted for his studies of volcanic phenomena, although a very old man. has taken up his residence on Mount Ve suvius in the hope that the researches he is about to undertake will result in important discovery. As a result of the coroner's inquest at Chicago over the body of John Quinn. the detective killed by Gustav Marx. one of the car barn robbers. while the officer was trying to arrest him recently, Marx was held to the grand jury on an additional charge of murder. Later. in the criminal court, Marx changed his plea in all the cases against him to not guilty. It is reported that Edward L. Wentz, the young Philadelphia millionaire who has been missing since October 14. has been found and that he is probably demented. It is said Wentz has been hiding in the mountains not far from Finney, a station on the Norfolk & Western railroad. The banks at Colfax, Ira. Baxter and Mingo, Iowa, owned by George D. Woods. who committed suicide at Colfax. have closed their doors temporarily, the crisis being precipitated by the filing of a mechanics' lien on the fixtures in one of the banks. Governor Peabody of Colorado has issued a proclamation declaring Cripple Creek under martial law and suspending the writ of habeas corpus. He declares that the gold camp is in a state of insurrection and rebellion and that the civil authorities are powerless. Frederick H. Rindge of Los Angeles word of a fire on his one of Cal. The a recently Ventura has Malabu received ranch, county, constructed, together the ranch largest with house. in number of smaller outbuildings, were destroyed. It is rumored that many cattle were destroyed by the flames. Estimates of loss run from $100,000 to $150,000. Delige at Manahae
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New York Bankers Assign. New York, Dec. 7.-William Clarke & Sons, bankers, Saturday assigned for the benefit of creditors to the Van Norden Trust company. The firm is composed of James and Hudson Clarke, and had a mercantile rating of from $75,000 to $125,000.
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TELEGRAPH NEWS SUMMARY CULLED FROM DISPATCHES o THE ASSOCIATED PRESS. A Review of Happenings in Both Eastern and Western Hemispheres During the Past Week-National, Historical, Political and Personal Events Tersely Told. Congressman Burke died recently at his home in Philadelphia. Backed inancially by the United States government, a salmon fisheries congress will be convened in Seattle February 23. 1904. Jack O'Brien knocked out Jack Williams in the third round of what was scheduled as a SIX round bout recently in Philadelphia. Kalman Foldessy, who was arrested in New York during President Roosevelt's recent visit for writing threatoning letters, has been committed to the state hospital for the insane. The Rappel, of Paris, publishes a dispatch from St. Petersburg announcing the massacre by Boxers of a number of Christians in the Szechuan province of China. A cablegram from Tegucigalpa, Honduras, announces the death of Senora Guardiola, mother of the wife of President Palma of Cuba, and wife of former President Guardiola of Honduras. Henry Billings Brown, associate justice of the United States supreme court, will be totally blind within a week or two, according to information imparted to him by his physician. The rise in the Tiber has flooded the country SO near Rome that it is impossible to get to St. Paul's, two miles out of the city, as the district surrounding Rome is now covered by four feet of water. Five of the men charged by Lant K. Salsbury with accepting bribes for supporting the project to supply Grand Rapids with water from Lake Michigan, appeared in the superior court and pleaded guilty. The report of Health Officer Snow, in regard to the diphtheria epidemic at Stanford university, shows a total of 12 cases of diphtheria, eight of which have been removed to the newly purchased detention hospital. The declaration of martial law has paralyzed all business in Cripple Creek, Heavily armed pickets of the National Guard are stationed on all street corners and many residents of the city do not venture upon the streets. Handcuffed to a man he is alleged to have defrauded out of $800, Gabriel Hossza, the young foreign banker of Sharon, Pa., wanted for the embezzlement of nearly $15,000, made his escape from an Erie train at Binghamton, N. Y. Paris, Mo.-Enraged because Miss Anna Hartman, for whom he had secured a license to wed, would not marry him, Frank Dawson shot and fatally wounded his sweetheart and seriously wounded his successful rival, Obe Hughes. William Clarke & Sons, bankers of New York, have assigned for the benefit of creditors to the Van Norden Trust company. The firm is composed of James and Hudson Clarke and had a mercantile rating of from $75,000 to $125,000. M. Raume, the French astronomer, noted for his studies of volcanie phenomena, although a very old man, has taken up his residence on Mount Vesuvius in the hope that the researches he is about to undertake will result in important discovery. As a result of the coroner's inquest at Chicago over the body of John Quinn, the detective killed by Gustav Marx, one of the car barn robbers, while the officer was trying to arrest him recently, Marx was held to the grand jury on an additional charge of murder. Later, in the criminal court, Marx changed his plea in all the cases against him to not guilty. It is reported that Edward L. Wentz, the xoung Philad.
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New York Bankers Assign. New York, Dec. 7.-William Clarke & Sons, bankers, Saturday assigned for the benefit of creditors to the Van Norden Trust company. The firm is composed of James and Hudson Clarke, and had a mercantile rating of from $75,000 to $125,000.