Cramp Mitchell & Co Finances Fail. Receivers Appointed
Philadelphia bank brokers Cramp Mitchell & Co suspend operations as liabilities reach 3,600,000 while assets stand at 3,100,000 with quick assets under 26,000. Judge Thompson appoints Charles S. W. Packard receiver. banks hold secured margins ahead of customers, leaving many creditors with little prospect of full recovery amid reported family heir issues in Cincinnati and White estate links.
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Philadelphia
Philadelphia Stock Exchange
Cramp, Mitchell & Co
Thompson
United States District Court
Charles S. W. Packard
Pennsylvania Company
Thomas Wilson Bayard
John G. Johnson
Concinnati
Crama
Alice White
Cincinnati
Eatalesims
Tre Fen
Oelon
New York
Fire in Valparaiso Chile Claims Over Fifty Lives
A major blaze in Valparaiso's commercial district on May 5 destroyed several buildings. The fire, aided by flimsy construction, hampered firefighter efforts and led to more than fifty deaths. The incident underscores the city’s urban fire risks.
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Valparaiso
Valparas
Chile
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Frederick
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Patrick St
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Xtragood
Lowenstein & Wertheimer
B. Rosenour & Sons
Market
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