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on TO NOSTAH kers, of Tueson and Tomb. stone, Fail. of a little interest was excited ur our streets on Saturday aftern by the report that Hudson & le, bankers, of Tueson, had failand information concerning the ter was eagerly sought through graph and otherwise. To day we able to lay before our citizens plete account which we clip n the columns of the Citizen: There was considerable excite t in business circles last evening it SIX o'clo k, over the aumeement that Hudson & Co., kers, had closed their doors and made an assignment to Mr. . Stiles. The firm was consida solid one and the members compose it, Mr, Charles Hudnd Col. J. H. Toole, are still rded as perfectly good for all ands against them. HS morning the reporter called 1 Mr. Stiles in the office of the : and he stated that they were T adjusting matters and that he think that any of the cred3 would lose anything. At that no figures could begiven, but affairs of the bank were rapidly shape. a! and 7 e reporter then visited Col. le at his residence on Stone the, and found that gentleman a somewhat agitated state of d. He said he feit the blow bly, both financial y and mens . He had spent the best years is life here and this blow was felt to be the severest of all that ever been given him by the 3. He says they have S0 curities sufficient to more than pay the gations of the firm, and that will at once be settled up by receiver. He attributed the e of the failure to the fact that firm had been too liberal in 8 on real estate and to mining panies. The principal trouble t in the branch bank at Tomb, where the firm had large si with mining companies. The ing down of some of the princimines there had placed them in unpleasant predicament they how in and had been the direct e of the disaster. The Colonel d that he had lost $75,000 in bank and that he had positively ni no action to save himself. He 1 family consisting of a wife four children and nothing left, r as known, but his home. He e, however, to have the matter ghtened out and place himself solid footing financially. He not propose to shirk any oblion and will remain in the city. e reporter then called upon Hudson at his residence on 1 street, who has been considthe head of the firm. He was iderably agitated, but admitted porter readily and made about same statement made by Mr. 9. The trouble was that the ng companies at Tombstone not expected by them to shut r before the first of June, and expectation placed them in a ion that caused them to close doors when the mines shut , Mr. Hudson stated that er of the partners in their firm a ken any steps to defraud their tois, and that while they might held their real and personal erty by transfers, they had not it, but had placed all their the in
