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O'BRIEN *WAGON WORKS GONE UP. Receiver Appointed Yesterday at Lafayette, Where Hard Times Caused the Failure, Special to the Indianapolis Journal LAFAYETTE, Ind., Aug. 10.-This morning the O'Brien Wagon Works Company. of this city. went into the hands of Jacob Marks, receiver. At the beginning of the month the company notified their employes that there would be a reduction of 10 per cent. in wages. The men, or a portion of them, refused to accept the cut, and the company closed down the entire plant, throwing out 165 men. The firm was doing a good business and was making steady shipments of wagone, and, until the stringency in the money market came along, was able to promptly discount good paper. Collections among the wholesalers and retailers were poor, and the company reached a point where their paper, although firstclass, would not be cashed by the banks. They have a large amount of material and orders on hand, but concluded it was better not to make up the wagons and scatter them all over the country and wait for the money, 80 the receiver was appointed. A rough estimate of the obligations of the firm puts the figures at $90,000 or $100,000. They have a good plant, located on the line of the Beltrailway. Other Business Troubles. ST. PAUL, Aug. 10.-The Seven Corners Bank, which closed its doors Aug. 4, was not the victim of the financial stringency. The showing made by the official statement of the assignee was filed late this afternoon, and shows the institution was wrecked by its cashier. C. A. Hawks, who lossed from $25,000 to $50,000 of the bank's money to some people almost without security. HUTCHINSON, Kan., Aug. 10.-The Hutchinson & Southern railroad, with headquarters in this city, and operating letween Hatchinson and the Indian Territory, passed into the hands of a receiver to-day. Otto Miller, the superintendent of theroad, was appointed receiver by the United States District Court for the district of Kansas. KINGSTON, Mo., Aug. 10.-The Caldwell County Bank, of this place, and the Exchange Bank at Polo have closed their doors. Both banks were owned by John D. Cox. The Polo bank was the county depository and all of the county revenue 18 tied up. SEDALIA, Mo., Aug. 10.-The Evening Bazoo, having been published for nearly a quarter of a century without missing an issue, went to the wall last evening. The paper is owned by the J. West Goodwin Printing Company. LEROY, N. Y., Aug. 10.-Frank C. Lathrop's Bank has closed its doors. He has made an assignment to James Kinny. He claims all depositors will be paid in full, and ascribes the failure to the tightness of the money market. MARSHALLTOWN, Ia., Aug. 10.-The Hamilton County State Bank, of Webster City, closed its doors to-day. bnt the officers say it will only be temporary. The assets are reported at $145,000 and the liabilities at $130,000. EBENSBURG, Pa., Aug. 10.-Johnson, Buck & Co.'s bank, of this place, with branches at Carroltown and Hastings, closed its doors at noon to-day. Assets in excess of liabilities. CINCINNATI, O., Aug. 10.-The Central Forniture Association. a co-operative concern. was to-day placed in the hands of C. F. Spreen. receiver. Assets, $63,000; liabilities. 84,000. NEW ORLEANS, Aug. 10.-Thecommercial community uniformly approves the action of the clearing-house banks of this city in deciding to limit cash withdrawals to $50 per day. NEW YORK, Ang. 10.-Judge Ryan has appointed Miles M. O'Brien and Peter F. Meyer receivers of the Madison-square Bank. Their bond 18 placed at $200,000. BOSTON, Aug. 10.-Henry A. Hartley & Co., carpet dealers, doing business on the corner of Washington and Elm streets, made an assignment yesterday. CINCINNATI, Aug. 10.-Henry Brackman. dealer in gentlemen's furnishing goods, has assigned. Liabilities, $40,000; assets nominally the same.
