Click image to open full size in new tab
Article Text
TROUBLE IN THE BUSINESS WORLD. The Plaquemine Shingle and Lumber Company, of New York, has failed for a large amount. The Columbia Launch Company, operating boats to the World's Fair, has gone into the hands of a receiver. Sheridan & Byrne, builders, of No. 49 Cortlandt street, New York, are in a receiver's hands, with $225,000 liabilities. An attachment for $10,216 has been obtained against David Leon, merchant, at Caracas, Venezuela, by Cadenas & Co., of New York. Abraham Steers, lumber merchant and planing mill man, of New York, has asked for and obtained an extension. Liabilities about $380,000. As heavy indorsers for the Crane Lumber Company, Samuel W. Coffin & Sons, owners of the Cincinnati, O., dry docks Company, have assigned. By acknowledging the deed of the Supple estate to Colonel F. G. Hooton, of West Chester, the sheriff put the Colonel in shape to pay all his debts. The Howard bank, of Cartersville, Ga., the largest town between Atlanta and Chattanooga, suspended payment owing to the withdrawal of funds by depositors. The comptroller of the currency was informed of the failure of the First National Bank of San Bernardino, Cal., and of the Columbia National bank, of New Whatcom, Wash. George W. Kyper, proprietor of the St Cloud hotel, at Bellwood, Blair county, has failed. The liabilities will exceed $30,000, and his creditors will, it is believed, receive about fifty cents on the dollar. The Bank of Sumter, at Americus, Ga., declined to receive deposits or pay checks. Its to leged, correspondent refused in extend New York, the usual it is time alloans after promising, it is claimed, to do so. Isaac Weatherby, president of the Saxony Woolen Company, at Trenton, N. J., has applied for the appointment of a receiver, and Watson H. Linburg, of Philadelphia, was named to wind up the affairs of the concern. Philadelphia executions on judgment notes were issued as follows: William Alvin against Elizabeth Naegele, $2,500; Mrs. in against E. Naegele & Co., ate L. Marshall against the Mrs $1,JOU, same, $5,000. Inability to realize on gilt edged securities forced the Columbia National bank, of New Whateom. Wash., to close its doors The assets are $297,000 and the liabilities not over $100,000.