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Later on, Darling and Allen S. Weeks became members of the firm and are still connected with it. The house has built up an extensive and very profitable business and become well known throughout the country, chiefly in connection with the Mutual Union. Judge Colburn granted an injunction to prevent the negotiation of notes amounting to $58,500 given Shaw Bros., who failed, by John Woolridge, of Lynn, solely as an accommodation to C. H. Ward and Shaw Bros. The judge granted the injunction solely to prevent negotiation, but not to prevent the collection of the notes in the ordinary way. BOSTON, Aug. 14.-The Transcript says of the failure of George William Ballou & Co. that it came like a thunderbolt upon the community here. It will now be seen that Ballou has acted manfully and stood by his friends, and if the house goes down, it goes down having made the heaviest subscriptions and largest outlays of labor and money to push through the enterprises identified with his name. One of the leading Boston bank presidents said to-day: "I never had any dealings with Ballou or his house, and never made or lost money in his enterprises, but I can say if all the Delphos people had done as much as Ballou to sustain that enterprise it would not now be in the hands of a receiver. The Boston house was carrying the Toledo enterprise, while the New York house was engaged more largely in the stock markets, mostly, it is believed upon the commission business. The buying and selling of 16,000 shares to-day under the rule for Ballou's account ehowed, either for himself or his customers, that he was astride of the market, long on Oregon Transcontinental and Lackawanna and short on Northern Pacific stocks. Thisis the present dilemma of the average stock operator. A month ago this New York house was long by 15,000 shares of stock and accounted a firm believer in higher prices. It was also stated that with the Zeney and Brice party they were "bulling the market." The short sales were probably of recent origin. No estimate can be made of the liabilities, but it is generally assumed that they can not be extensive and that the ultimate losses must be comparatively small. The Boston house which was carrying the Delphos securities had about $200,000 or $300,000 on this account, $119,000 of which was Cincinnati Northern, $16,000 Dayton bonds, $70,000 on the account of the Southern Ohio Coal company, and $14,000 on the account of the Delphos Trust. BOSTON, Aug. 14.-D. H. Darling, second member of the firm of Geo. Wm, Ballou & Co., and the head of the Boston house, left for New York this evening. A. S. Weeks, the last member of the firm, is ill at Brookline, and knew nothing of the failure until told by a friend. The Boston business is said to be thoroughly sound, with no danger of collapse, and it is not believed here that any other houses will be affected by the suspension.
