Salt Lake Herald-Republican | 1910-01-21 | Page 1 | Another Stock Exchange Firm on Financial Rocks

u STOCK EXCHANGE FIRM ON FINANCIAL ROCKS Roberts Hall Criss Fail With Liabilities Estimated at atI I New TaR Jan Hall Criss of New York and Cin Cincinnati Cincinnati were forced to suspend as members of the New York Stock ex cx exchange change today following the two failures yesterday brought about by the collapse of t the e Col Columbus Hocking Co Coal l Iron company pool Hugo F Criss was the board member of the tho firm and hati charge of the pool on oh the exchange lie He estimates the Ha of the finn at V but Is quoted as sayIng that he hoped to pay lOi cents on the dollar unless governors of the exchange penn permit it on the part of other members with whom I had contracts The reeling feeling among members lember oJ of the exchange Is that CrIss has been made to bear more than his share of the blame and that all the participants to be punished for Cor their part in the opt epI epIsode sode I Affairs of all three fIrms M 1 Isk Co and Lathrop Co which suspended yesterday as well as Roberts Hall now being In Investigated b I the committee on insolvency ncy of the but It Is not unlikely that the situation ma may got beyond the jurisdiction ot of the committee necessitatIng Ing the appointment of a special commIt committee tee tre with penar plenary power such as WM was In the Rock Island case caseIn caseIn In announcing the failure or of Roberts Hall hail Criss the president of the ex exchange change chanse said there them wara peculiar cir um stance ailing for fot rigid in no These circumstances as Cr Crist i declara declarations indicate bad faith on the pat part of members of the d A petition to remove the of the Co Ce Columbus lumbus and aDd Hocking Coal and Iron ron IJan from the list of the stock is 8 said to be under consideration