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FAILS FOR A MILLION.Ilrnkrr Firm of .1. II. Ulllnr.l A Co,jfHftrm to the Wall. *New York, Sept. 10.—James K. Willard, Elmer Dwigftns and Jay Dwig-gins, who compose the firm of J. It. Willard Co., bankers and brokers, with offices in this city, Buffalo, New York, Washington, D. C., Philadelphia and Montreal, have assigned to James L. Starbiick, with preferences for $20,-000 to William H. Osterhout. No statement of the condition of the firm is yet obtainable, but it is estimated that the liabilities will reach $1,000,000. Either and Jay D wiggins, who arc brothers, are nephews of Zimri Dwiggine, who founded a large system of country' banks in Illinois, Indiana and other western states, most of which failed in the panic of 1803. MThe cause of the failure.’* said ASvsignee Starbuck. *'!«simply that the firm has been upon the wrong side of the market. They hnvo been short on stocks and grain.’* The firm has clone a big business on the Consolidated exchange within 00 days, having run as high os 9,000 to 10,000 shares of stock daily.Three lenr* for Mnnnlnughlrr.Ma-eon, Ota., Sept. 10.—Charles R. Reid.who shot and killed L. W. Halstead flt;fr insulting his wife at a circus performance in this city several months ago, was found guilty of voluntary manslaughter by the jury and sentenced to three years in the penitentiary.1 hfOkrrR Stmpeiid.San Francisco, Sept. 10.—Wheelock lt;fc Co., brokers, with branch office* throughout the state, temporarily suspended Thursday. The cause assigned is inability to realize on securities. TLo liabilities are estimated at $50,000.
Newspaper Details
Delphi Semi Weekly Times
Delphi, Indiana, US
Wed, Sep 15, 1897
Page 3
Full Page
Clipped by
Anonymous
NA, NA 10 Jan 2021
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