Maris & Smith (Philadelphia, PA)

Episode Information

Episode UID
4191288191092
Episode Type
Suspension โ†’ Closure
Bank Type
private
Bank ID
419128819 hash
Start Date
December 15, 1890
Location
Philadelphia, Pennsylvania (39.952, -75.164)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
ab9a13ca3446a8c2

Response Measures

None

Events (2)

1. December 15, 1890 Receivership
Newspaper Excerpt
made an assignment ... to Samuel B. Huey. The assignee said tonight that the liabilities would probably exceed $300,000; assets unknown.
Source
newspapers
2. December 15, 1890 Suspension
Cause
Voluntary Liquidation
Cause Details
Assignment for benefit of creditors following judgment and general shrinkage in values; firm assigned assets to an assignee.
Newspaper Excerpt
Maris & Smith, bankers and brokers, of No. 20 South 3d street, Philadelphia, made an assignment yesterday afternoon for the benefit of his creditors to Samuel B. Huey.
Source
newspapers

Newspaper Articles (8)

Article from Daily Kennebec Journal, December 16, 1890

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Article Text

Philadelphia Brokers Assign With $300 000 Liabilities. PHILADELPHIA, Peen , Dec. 15 - -Maris & Smigh, bankers and brokers, 20 Sout Third street, assigned this afternoon. The assignee said tonight that the liabilities would probably exceed $300,000; asset. unknown. W. H Smith, the junior part ner, said today that he thought matter would be arranged for the firm to continue. [ is stated that the failure is due to th general shrinkage in values.


Article from The Portland Daily Press, December 16, 1890

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Article Text

Business Troubles. Maris & Smith, bankers and brokers, Philadelphia, have assigned. Liabilities $300 000; assets unknown. The Lorillard Brick Works Company, New York, is in the ands of a receiver. Liabilities $1,000,000; assets $1,500,000. Shortness of ready cash caused the trouble. The Morrison Adams and Allen Manufacturing Company of Chicago has assigned. Liabilities, $58,000; assets, $50,000.


Article from Evening Star, December 16, 1890

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BANKERS ASSIGN. Maris & Smith of Philadelphia Temporarily Embarrassed-Other Suspensions. Maris & Smith, bankers and brokers, of No. 20 South 3d street, Philadelphia, made an assignment yesterday afternoon for the benefit of his creditors to Samuel B. Huey. The assignment followed the entering of a judgment against the firm on a note for $15,000 in favor of John M. Maris, father of William Maris, the senior member of the firm. They managed to meet all of their engagements at the Stock Exchange up to the closing hour. and the assigntmen was not announced until after the closing hour. W. H. Smith, the junior partner, said that he thought matters would be arranged for the firm to continue. He stated that the failure was due to the general shrinkage in values. The Morrison, Adams & Allen Co., manufacturers of paints and putties, Chicago, have made an assignment. The assets are $50,000 and the liabilities $58,000. Dr. Charles L. Steel, real estate agent at Richmond, Va., has assigned. Liabilities, $45,000; assets, estimated, $25,000. Charles A. Hinedall's clothing house in Seranton was closed by the sheriff on an execution of $12,240 obtained by Clarence Kenyon of New York. The failure was due to the tightness of money. A receiver has been appointed for the Lorillard Brick Works Company of New York and Keyport, N. J. The assets are estimated at $1,500,000 and the liabilities at over $1,000,000. The Henderson Steel Company of Birmingham, Ala., is in the hands of a receiver. Liabilities, $23,000; assets, $85,000.


Article from Perrysburg Journal, December 20, 1890

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Bills of indictment have been returned by the Chicago grand jury against Banker Prettyman, whose bank went to the wall a short time ago, and against his cashier, C. S. Johnson, on charges of The inis the money dictment embezzlement. receipt of basis of of the the bank from depositors after insolvency was apparent. Delamater & Co., the Meadville, (Pa.) bankers who recently made an assignhave proposed to their creditors that be allowed to by ment, they the compromise dollar. paying fifty cents on The Baltimore & Ohio railroad strike has apparently ended at Pittsburgh. Fullday and night crows are at work in the Glenwood yards. Mrs. Catherine Quaid, aged sixty-nine, died on the 14th in a pew while attendin the church Thomas in N. ing Aquinas, service Brooklyn, Y. of St. Mrs. Quaid F. was the mother-in-law of Thomas Nevins, chief engineer of the Brooklyn fire department. The Dorrance building, one of the finest business blocks in Providence, R. I., occupied by the J. B. Barnaby Clothing Company, was destroyed by fire on the a loss of one hundred 000. 13th, The causing employes nearly in $500,- with the building had barely time to escape their lives. Two firemen were seriously injured by falling walls. Hon. John A. Hiestand died at Lancaster, Pa., on the 13th, aged sixty For over thirty years was years. the Lancaster he and editor of He served the repreproprietor Examiner. Pennsylvania Legislature, several terms in sented his district two terms in Congress and was naval officer at the port of Philadelphia eight years under President Grant's administration. A fire at Pottstown, Pa., on the 13th burned out half a dozen business firms and their buildings, entailing a loss of $150,000. The heaviest losers are R. M. Root, L. & W. C. Beecher, John R. Shaner, H. Leopold, A. Evans, W. H. Smith and assignees of D. K. Hatfield. time at of The the working Reading Company all in the the collieries region of Shamokin, Pa., has been increased three hours per day, affecting 4,000 miners. Emil F. Wolff. bookkeeper of Gross & Co., Milwaukee, Wis. who was found to be a defaulter, committed suicide on the 14th by shooting himself. His shortage is stated to be $1,200. On the 13th the jury in the case of John Petilliot, on trial at Columbus, Ind., for murdering his wife last July, brought in a verdict of guilty and fixed his punishment at ninety-nine years in the Jeffersonville penitentiary. On the 15th Colonel C. B. Stoughton, well known in New York society circles, was arraigned in court and held in $2,000 bail on the charge of swindling the widow of an old soldier out of $1,000 pension money. A civil suit has been brought at Boston by Mrs Annie Everett, for Jonathan Bourne, of New Bedford, Mass., to recover $48,000 from John Stetson, money alleged to have been lost by Bourne in gambling at the game of roulette in rooms the Boston occupied January by Carlton last. Stetson associates at in is president of the assaciates. Miss Gertrude Neill was on the 15th a verdict of the in given Boston (Mass.) Gaslight $9,000 Company against her suit for damages for personal injuries received by falling through a trap-door left open by the company's employes. The engine room and machine shop of the Barber asphalt works in Buffalo, N. Y., were destroyed by fire on the 15th caused by an oil explosion. Neil Campbell the watchman was so seriously burned that he died at the hospital soon after. Maris & Smith, bankers and brokers of Philadelphia, have assigned, with liabilities exceeding $800,000. Nothing can be learned as to the assets. Joseph H. Gough, secretary of the New Jersey Grand Lodge of Masons, died at Trenton on the 15th, aged seventy-five years. He was the oldest Masonic officer in the United States, having been Grand Secretary for fortyeight years.


Article from The Iowa Plain Dealer, December 25, 1890

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THE EAST. AwPhiladelphia Maris & Smith, bankers and brokers, failed for $300,000. A RECEIVER was named for the Lorillard Brick-Works Company of New York. The liabilities were $1,000,000 and assets $1,500,000. THE death of the wife and daughter of the late ex-Governor B. G. Noble, of Wisconsin, occurred suddenly at their home in Brooklyn, N. Y., within a few hours of each other of pneumonia. Mr. Noble died six weeks ago. IN Philadelphia Mrs. Seneca Fell, aged 65 years, and her grandchild, Olive Torrence, aged 11 years, were suffocated by coal gas. THE failure of the Clearfield County Bank at Clearfield, Pa., was announced, with liabilities at $350,000 and assets at $650,000. THE death of Major-General Alfred H. Terry, of the United States army, occurred at New Haven, Conn., age 63 years. IN the mines near Hazelton, Pa., four Hungarians were killed by a fall of coal. AT Pittsburgh, Pa., nearly two fect of snow fell on the 17th, and much damage was wrought along the Atlantic coast. AT Parsons, Pa., a big cave-in of a surface coal mine occurred, and eleven houses partially fell down the mine. On the 17th John Greenleaf Whittier, the poet, celebrated his 83d birthday at his home. Oak Knoll, in Danvers, Mass. OWEN BROS., agents at Providence, R. I., of the Atlantic mills, failed for about $1,000,000.


Article from The Abbeville Press and Banner, December 31, 1890

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THE NEWS EPITOMIZED. Eastern and Middle States. EX-SENATOR FRANK B. ARNOLD committed suicide in his office at Undilla, N. Y., by shooting himself. Mr. Arnold, since his defeat last November for Congressman from that district, has been despondent and at times acted strangely. HENRY BLUE, a clerk employed by Thomas H. Perkins & Co., stock brokers of Boston, Mass., has been arrested charged with the embezzlement of $17,345 from his employers. IN New York City Henry Siebert, tobacco merchant, failed with liabilities of $250,000; Venable & Heyman, liquor dealers, assigned owing nearly $400,000; Tarlow & Hutshing, manufacturers of worsted knit goods, suspended for $200,000. PECK, MARTIN & Co., the largest firm in the building material business in New York City, have made an assignment. The liabilities are $300,000. and assets $400,000. THE tugboat Vandercook sank suddenly without known cause at a Jersey City (N. J.) dry dock and two of the crew were drowned in their bunks. THIRTY-SIX patients have received injections of Professor Koch's lymph at five different institutions in New York City. They are doing well. SECRETARY WINDOM went from Washington to New York City to discuss the financial situation with bank presidents. A DISASTROUS fire occurred. at Pottstown, Penn. A high wind prevailed and the flames, which originated from an overheated stove, spread with wonderful rapidity, and burned out half a dozen business firms *and their buildings. The loss will reach $150,000. MARIS & SMITH, bankers of Philadelphia, Penn., assigned, with liabilities of $300,000. THE Lorillard Brick Works Company, of New York City, passed into the hands of a r& ceiver. The liabilities are $1,500,000. EX-UNITED STATES SENATOR WILLIAM A. WALLACE'S bank at Clearfield, Penn., closed its door. The depositors are safe bv a mortgage on real estate for three times the amount of deposit. The liabilities are $350,000 and assets $650,000. WALTER POTTER, of the bankrupt firm of Potter, Lovell & Co., Boston, Mass., was ar. rested on a charge of embezzlement.


Article from Fisherman & Farmer, January 9, 1891

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LATER NEWS. MARIS & SMITH, bankers of Philadelphia, Penn., assigned, with liabilities of $300,000. THE Lorillard Brick Works Company, of New York City, passed into the hands of a receiver. The liabilities are $1,500,000. THE Baron de Cedarkrantz, of Sweden. who was recently appointed Chief Justice of Samoa, sailed from San Francisco, Cal., on the steamer Alameda for Apia to assume the duties of his office. WHILE Mr. and Mrs. Jacob Schafer, aged Germans, were crossing the railway track at South Bend, Ind., their wagon was struck by a train and both were instantly killed. A CALL for a third-party conference, to be held in Cincinnati, Ohio, on February 23, has been issued by members of the Farmers' Alliance and allied organizations. GEORGE Wesaw, a Shoshone Indian. shot and killed a boy of his own tribe in To-tevooks Lodge on Little Wild River, Wyoming. The boy was watching a gambling game in which Wesaw was engaged when the latter pulled his gun and shot him dead. SECRETARY TRACY has decided to send the Alert and the Marian to re-enforce the Asiatic squadron. THE Secretary of the Treasury submitted to Congress the draft of a bill proposing important amendments to the laws regulating shipping and navigation, in accordance with the recommendations of the International Marine Conference. THERE is a reaction in Berlin, Germany, against the Koch treatment, eight persons having died soon after the injection of the lymph. ON the Paramatta River, Sydney, New South Wales, a sculling match for $1500 a side and the championship of the world was rowed by Oarsmen Kemp and McLean. McLean wasthe winner. EX-UNITED STATES SENATOR WILLIAM A. WALLACE'S bank at Clearfield, Penn., closed its door. The depositors are safe by a mortgage on real estate for three times the amount of deposit. The liabilities are $350,000 and assets $650,000. WALTER POTTER, of the bankrupt firm of Potter, Lovell & Co., Boston, Mass., was arrested on a charge of embezzlement. A TENEMENT house at Monday's Mills, Texas, burned, in which Tom Webb and Bob Simonds, both colored, were burned to death. A BOX of giant powder exploded in the Sunday Lake Mine, Wakefield, Mich., killing George Sage and John Fogan and severely injuring W. B. Roberts. THE World's Fair directory voted to receive the $5,000,000 offered by the City Council of Chicago, III. THE wife of Peter St. George was found hanging in the woodshed of her house at Codalt, near Chippewa Falls, Wis. Her husband was suspected of killing her, and when about to be arrested he killed himself with a razor. THE bill to increase from $800 to $1200 a year the pension of the widow of General Custer, who lost his life in a gallant fight with the Sioux at the battle of Little Big Horn, was ordered to be favorable reported to the House by the Committee on Invalid Pensions. MEMBERS of the Board of Control of the Centennial Exposition appeared before the House Judiciary Committee and urged the favorable consideration of a bill to enable the financial affairs of the exposition of be closed up and the Board of Finance dissolved. THE Italian Minister of War has resigned. AN extrasession of the Argentine Legislature has been opened.


Article from The Abbeville Press and Banner, February 4, 1891

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THE NEWS EPITOMIZED. Eastern and Middle States. EX-SENATOR FRANK B. ARNOLD committed suicide in his office at Undilla, N. Y., by shooting himself. Mr. Arnold, since his defeat last November for Congressman from that district, has been despondent and at times acted strangely. HENRY BLUE, a clerk employed by Thomas H. Perkins & Co., stock brokers of Boston, Mass., has been arrested charged with the embezzlement of $17,345 from his employers. IN New York City Henry Siebert, tobacco merchant, failed with liabilities of $250,000; Venable & Heyman, liquor dealers, assigned owing nearly $400,000; Tarlow & Hutshing, manufacturers of worsted knit goods, suspended for $200,000. PECK, MARTIN & Co., the largest firm in the building material business in New York City, have made an assignment. The liabilities are $300,000, and assets $400,000. THE tugboat Vandercook sank suddenly without known cause at a Jersey City (N. J.) dry dock and two of the crew were drowned ite their bunks. THIRTY-SIX patients have received injections of Professor Koch's lymph at five different institutions in New York City. They are doing well. SECRETARY WINDOM went from Washington to New York City to discuss the financial situation with bank presidents. A DISASTROUS fire occurred at Pottstown, Penn. A high wind prevailed and the flames, which originated from an overheated stove, spread with wonderful rapidity, and burned out half a dozen business firms and their buildings. The loss will reach $150,000. MARIS & SMITH, bankers of Philadelphia, Penn., assigned, with liabilities of $300,000. THE Lorillard Brick Works Company, of New York City, passed into the hands of a r&ceiver. The liabilities are $1,500,000. EX-UNITED STATES SENATOR WILLIAM A. WALLACE'S bank at Clearfield, Penn., closed its door. The depositors are safe bv a mortgage on real estate for three times the amount of deposit. The liabilities are $350,000 and assets $650,000. WALTER POTTER, of the bankrupt firm of Potter, Lovell & Co., Boston, Mass., was arrested on a charge of embezzlement.