Salt Lake Herald | 1890-12-19 | Page 1 | Owen Brothers, of Providence, R. L., Assign

Owen Brothers of Providence R I Assicn PROVIDENCE R I Dec 18Owen Brothers agents for the Atlantic mills have assigned The liab lilies are large The mills continue running under the management of Stephen O Mete lf The assignee of Owen Brothers refuse re-fuse ta give any figures The failure is a serious seri-ous one The cause is the stringency in the money market Five years ago the woolen mills at St Croix N B failed owing abut 700000 The concern con-cern had largely been backed by Owens Brothers and they have since been taking up note for the indebtedness The last of these fell due this moath but owing to the great stringency of the jnonay market Owens was unable un-able to obtain loans necessitated by this drain