Click image to open full size in new tab
Article Text
erty.) But he couldn't real ze on the assets, even in New York, where they say money goes begging for borrowers, which, of course, is false. The Castle Braid Company, Brooklyn, N. Y, is in the hands of a receiver. It was a "sound money" concern, of course. The Oregon Railway and Navigation Company, Portland, Oregon, has been put in receivers' hands owing to "good gold standard times." The German National Bank, of Denver, has been in the hands of a receiver two years and has paid but 10 per cent. of its indebtedness. The Commercial National Bank, same city, has been in a receiver's hands for three years and has paid but 35 per cent. That is the result of the "best financial system in the world." Where is old returning prosperity I The Bank of Fairfield, Ill, has closed its doors on account of too much returning prosperity. The Northern Manufacturing Company, Oswego, N Y, is in the hands of a receiver. Not enough sound money is the trouble. E Kleinanan & Co., New York, clothiers, have assigned. Liabilities are all "sound." McIver Bros., the largest mercantile firm at Sanford, N C., assigned on the 5th. Liabilities $50,000 (sound ) They probably have enough of the gold standard business to last awhile. T. R Grabam, a Philadelphia sound money man, has disappeared owing large amounts of money. It is "gude in Yurrip." H. C & D. D. Beatie, one of the oldest firms in Richmond, Va, assigned last Tuesday. This is another star in the crown of the "sound money" Times and the Dispatch. The Foster Woolen Company. Kansas City, Mo, has assigne d Assets, $25,000. Liabilities unknown. The German-American Title Com pany, Louisville, Ky., has assigned. Liabilities, $209,000; assets, $250,000. The liabilities are supposed to be "sound J. L Hudson & Co., clothing, Buf falo, N. Y., have failed. Wayland Trask & Co., the most prominent brokers on Wall street, have failed. They robbed their victims until nothing was left but the single standard. The Investment Trust Co, Topeka, Kansas, largely controlled by Boston capitalists, has failed for a good many dollars' worth of sound liabilities. W. Gregory, lumber dealer, Richmond, Va, assigned on the 7th. Lia bilities, $4 900, (sound.) The First National Bank and Lib erty Savings' Bank, both of Bedford City, Va., have succumbed to the inevitable. But Rothschilds has got his bonds all the same. J. H. Louis, of New York, is charged with stealing from Schloss & Co., clothing dealers, for which firm he was manager. He is a sound money man G. L Schro'eder, a member of the New York Cotton Exchange, has failed for a large number of sound dollars The London Universal Bank, London, England, has failed for a large sum, which they claim to be able to pay in full. Why didn't they pay it then? It Was established in 1857 W. H. McGee, one of the wealthiest men in Bedford City, Va., has made an assignment because he couldn't pay a debt of 10,500 sound dollars-"gude in yurrip." A shovel trust has been formed in Boston. They propose to reduce the output and raise the price 20 per cent. That is one of the ways to go through single standard times. But what a clamor would be raised if the farmers decide to sit down and reduce the production of all cereals and raise prices. They would be called all sorts of names. But trusts are formed and the promo tors are called smart. A dispatch brings the information that Ex Gov. Bob Taylor was nomi nated for Governor by the Tennessee State D. pcratic Convention Friday. Telegram says: "The administration of Cleveland was only referred to by
