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Trenton Times Newspaper Archive: April 8, 1890 - Page 1

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Publication: Trenton Times

Location: Trenton, New Jersey

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   Trenton Times, The (Newspaper) - April 8, 1890, Trenton, New Jersey                               VITI. NO. RUINED BYADEFAULlER A Sensational Failure in New York City. NF.AKLY HALF A MILLION GONE. O. K Slitare'i Soni State That Tholi Partner, Ddpglu ot Phila- delphia, C.nted Their Failure Firm MmiUrljr Crippled Once Before, YORK, April Wall street was treated to a sensation yesterday aftei uoon by the announcement In the Stock Exchange of the failure ot George K Sfctore's Sous, bankers and brokers of 16 Broad street II was stated that the cause of the suspension was due to the discovery of a defalcation by the ttrm'a late partner in Philadelphia. The firm done very little In Ititaj securities of late, 1U being in city bonds and spenfalties. It him evi- dently boon a bear on the as 100 St. Faul, 100 Pacific Mail, 300 Lead Trust, 400 Cotton Sood Oil, 200 Atchison and Texas and Pacific second mortgage bonds were bought in under the rule for Its ac- count. The Amonnt of the Defalcation. No statement of the affairs of the Him, the amount of defalcation or the method ol embezzlement could be bad at its office, but a statement is promised today The amount of the defalcation was vari- ously estimated at from to ThA Srm has a branch office at 121 South Third street, Philadelphia, until recently matuged by a resident partner, the late DouglM Hilger Hilger became ill about two weeks ago, and the head of the firm, W. H M Uistare, took charge of the office Mr. Bistare now claims that in going over tho accounts he discovered a large deficiency and false entries. Hilger's condition was too precarious to admit of an explanation. He died Saturday last Since the discoveiy the firiu has endeavored to tide over the tiouble, but WHS impelled to suspend. An Unfortunate JTlrm. The firui to be pai Ucularly unfort- nnate in the selection of managers for ita out of branches. About two years ago Manager of its district branch, defaulted with The flrui fonnd( d in 1823 by George TT Sistare when the Stock Exchange was down in William street. Sistare d d very little business until Twood came into power The latter gave him all the city bonds to negotiate, and in this business he became moderately wealthy He died (n 18SIT and the firm was continued by his sons, W H M. and George IT Jr The latter retired Nov B, 1887, and was sue ccsded by Harold Clemens W H M Sis- tare, present head of the house, has been a member of the Stock Exchange since Oct S, It May Reacta night H S Bennett, counsel for the firm, stated that an assignee had been de- cided upon, but the name would not ba An nounced until today Mr Bennett also stated that the nrmnnt of the defalcation was over and possibly in the negh borhood of The News In Philadelphia. Pmi ThePbUndelphln branch of George K" Sistare's claim to know nothing of the failure of the fact that there has been one It is known that Mr. Hilger had contracted numerous debts before his death, but his friends tbnt they were personal ones At that time it was said the amount was T4ter Investigation would to iridieate that the amount is laiger and that this is the cause of the failure Hilger's friends indig- nantly deny that be committed suicide, but died of typhoid fever Persona having any know >dge i re very reticent and will not talk o i thj subj >ct The Klght May Prove FataL AVATtRBUBT, Conn, April Thomn, Peters and Lewis Carrquorreled in Harvey's jwoi rouuii Fi iday night and adjourned their fight to the aterbury ball grounJn to settle ou o d (51 adge Both were terribly pounded daring the mill, and Peters so badly that he hod to be parried home by companions, and emcj then he has insensible The mat- ter was concealed by ha frlenrte to avoid prosecution. Physicians hare found that a portion of skull Tmd boon driven against liis and yesterday afternoon ordered the arrest of Peters' assailant all the spectators. Lewis Carr is in Custody and the police are looking fur Dan Carr, hit brother, who. It is said, kicked Peters in the head. The doctors Peters' skull, but tiiink he cannot live. Fetera hails from W anted. Both Carrs bore bid r "Snapper" Garrison's Sold. NKWYOKK, April 8 raoe hones, the property of William McMahon and Edward Garrison, the jockey, were fold at auction at the Boulevard Riding noademy. The fiVrt twelre sold for f 175, an average of Eollan btunght Speedwell, Falcon. Uairlgon, Vera, imd John At- wuod, brought Riwuit of A Criticism from Stanley. LONUOK, April 8, The oi The limes at that Stanley condemns the British East Africa oompanj for allowing Airwricnn and men tt> exhaust for mere ptawure the sources of their territory It would be fat better to allow Germany to control the dlt- tried. would at least prevent buc- caneering. Kfonnn Remained In Canada. Nnw April Business other 4n prevented ex-Alder- man John Keenan from being present in the -upreoje -court when argument iral begun Jin his suit aqueduct contract ore O'Bilen ft Clark in profits. Hill on, rapt Rowland Remembered. New BpnroRD, April 8 CaptJ Howland, of the whaling bark Canton, ot this port, who rescued the of the ish >hlp British Monarch December Cape of Good Hope, received a hand. some gold medal from the T.I vw pool Hn mane society. Ball Games. Nun YORK, April 8 -At Philadelphia Phllad.lphin, 24, Athletic, 6. At Syracuse Stars, 7, Pittsburg, 4. Al Cincinnati-Cincinnati, 9, St. Louis, 4 At B-ltimorji Biltimore.30, Yale, 7, At Dot Holnea Dei Molnes, 8, Indianapolis, 5. All gumot, Not glloott but Sllcol PORTLAND, Ore, April Nothing is known here of the arrest of ex Cftihler Sil cott as rt ported Tho nnmi Is probably OonflH'd with thnt of Fred Hilcox, tho bank clerk ivlio fii dn and has 1ust retnrno 1_ Bj lOMonlnr r k M o biMOthlniciir u liiTi ft ii Hires Otto (riff Fpuecl'g tttt imtk TRKNTON. IUR3DAY AirrtfKNOON. ATHIL 8. 1890, biMOthlni Ott ge kr-uMfnl randc TO OFFSET WELLAND CANAL A Proposed >hlp Canal for Uncle Aronn I Nlaxaru FalU WASHINGTON April 8 house com mltteo on railways and canals has acted fa- vorably on a bill introduced by live of New York, directing United States to make a ship canal arouni Niagara Palls from a point on Lake Onta- rio to a point nn Erie. The bill pro vides that the canal shall be constructed along one of the routes for such a projec heretofore surveyed The route favored Is twenty one miles long It is provided tha the canal shall be located by a board, com liGuod of five persons, to be appointed by th president The board it directed to mak examinations of the existing surveys and tc aiiAnge all preliminary details for carrymi out the project For this work ii appropriated. For beginning the projec Is appropriated by the bill The canal is intended as an olTnet to th ffelland canul, oh the side of th fulls. Under treaty provisions the Unitec States is allowed to keep but one gunboat in the great Mras, because of this it be utterly Impossible to concentrate a squadron quickly and effectively in th event of war It is also intended to protec American vessels against what is claimed to be unjust discrimination in violation of th treaty stipulations by tbe Canadian govern in the elland canal. The treaty witl Canada provides that no discrimination shall be shown in the ivtnal, but Canada allows a drawback of 20 per cent On duties foreveiy cargo landed in Canada This IB claimed to be an injustice to American ves sets. The proposed canal is to be 20 fee deep, 100 feet wide at t IB bottom and its es- timated cost is about ANOTHER CYCLONE REPORTED Prophetitown, III Swept Away Many People Killed. la April is reported hare that Prophetstown, 111, was blowu away last night by a cyclona The wires are down and no particulars ron yet be learned It is said that twenty freight car were blown to atoms and that the whole town has been wiped from the face of the earth, and that many people have been killed. Prophetstown it a post village in the town ship of the same name, Whiteside county Ills. It is d on the south bank o Rock river nnd 01 the Mendota and Clinton railroad, tn enty-cne miles southeast of Clm ton, In The village had a population of about 900 and among its institutions were a nationa btnlt, a newspaper, a church and a grarte( school Monday at the White House WASHINGTON, April 8 thousand jolly, rollicking, tumbling children and eggs, the children, like the eggs variegated in color and as different in rolling over each other in bewildering con- fusion was the scene presented in the White House grounds on Easter Monday, and Baby McKee was one of the jolliest of the num- ber No such sight is elsewhere to be wit- nenod. It has long been observed here, am Easter Monday is looked forward to by the children ot Washington with almost as much interest as Christmas All the avenues of approach to the White House were early with children and nursco and parents. The Inevitable basket with colored eggs was an invariable companion. Once upon the ground without concert of action, the little ones rolled their down the sloping hills anil tumbled after theOi themselves. The music of the Marine band enlivened scene At a o'clock President Harrison, his wife and the McKee baby appeared on the Wnite House balcony, and was cheered by the crowd of prattling, merry children. Milk Producers Boycott Creameries. NEWBUKO, N Y April 8 milk pro- ducers have at last determined to a stand, and a boycott of all the creameries in this vicinity has been declared. The cause of the trouble is the determination ol the farmers to sell milk at living prices. to.it month tbe producers1 union flTed.the price of milk for the summer at 2% Mr Brakes, a leading membei of the Milk to recognize the union at all, while Pierson will only con- tract foi fifteen days at union ratos. The milk producers met here and passed rooolu- tiona recommending that all the sections withhold tbe milk Instead of sending to tbe In addition to tha poliuy of holding back ml k, tbe secretaries of the Motions are authorized to call meetings for the purpose of se ecting an agent who is to be located in New York city to represent the producers there A Ballroad Deal. FINDT O April 8 Pittburg and Western railroad, which to Akron, O., has purchased tha Toledo and Delphos narrow gauge -road, which Is finished from Carey to Delphos. -The track will be made standard gauge and extended to Chicago. It is prupoaod to build from Plymouth to Fludlay, and then purchase the American MWand system now in operation between this city and Ottawa, which ia, graded, as far west as Fort Wayue. Then by building a short distance make a great trunk line between Pitteburg nnd Chicago fifty-two miles shorter than any route con- necting these two cities. This new line ii known as the "Carnegie road." The Amer- ican Midland is now in th? hands of a re- ceiver, and is soon to be sold. The Bodies Found at SIRACUMIC, N. Y, April 8 CnarlM p, Kyers, of this city, and cousfn, George Euton, of Bridgeport, went lake on Christmas morning Their boat was Found overtui ned and men were min- ing A diligent search was Instituted, but the men could not be fonnd, and It bought that they had boon drowned. icrd iy the body of Myers found ou the afce shore In eight feet of water, and Baton's body was recovered muru- ng near Sylvan beach, it having floated fifteen miles The American Con.bl Bobbed. April The hotel room, of the American consul at Plauen was entered night or two ago by burglars, and a jeitel ket valued at was stolen. The hug since been found, but the con- hud burn abstracted. There Ii no clew to the thieves. New York's Fair Fnnd. YORK, April 8.-The World's fair oommittoo has about left on hand, aud a meeting has beencwtled for T when the manner of returning funds to the donors will be decided on. A State Firm Assigns. oHiiNODON, Pa, April ft Ebstetter, proprietors of the M'pleton ng and Band manufactory, assignment. LiabilitiM, 
                            

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