Show FORCED TO ASSIGN The Driver Mercantile Companys Affairs toBe Wound Up The Driver Mercantile company collapsed col-lapsed yesterday and its effects are now in the hands of W H Remington the assignee as-signee The company was incorporated on June 1 1892 with a capital of 15000 the officers being H L Driver president Lewis Drake vicepresident E R Clute secretary treasurer and general manager mana-ger Mr Clute is the principal stockholder stock-holder and had charge of the companys affairs The direct cause of the failure was the demand made by Mr Remington yesterday yester-day for an immediate settlement of his individual claim amounting to f2225 and that of Remington Johnson Co for 7 These accounts were long past due said Mr Remington to a HERALD reporter re-porter yesterday afternoon and as I am compelled to be out of town a great deal of the time I felt uneasy about it and demanded my money today The company couldnt pay it so I forced the assignment The liabilities will amount to something like 10000 and Mr Cute states that the assets will be in the neighborhood of s70 Idont believe however that more than 4000 will be realized as the goods are considerably con-siderably broken I shall dispose of the assets to the best advantage as soon as possible of The creditors following Is given as a complete list PREFERRED CLASS W H Remington 52225 Remington Johnson Co 371 Christopherson 30 McCornick Co 1200 S T Pearson note 2500 R G Price 50 T J Clute Ripon Wis 985 Mrs M W Wheeler Motto California 600 T D Price 45 Total 83279 ONPEEFERKED CLASS CoWontz Pike Co O S1150 Hughes Fruit and Produce Co 233 Hanson Produde Co 211 Total 1593 NOT A COMPLETE LIST Late last night it was learned that the above schedule did not by any means include in-clude all of the creditors and the total will be swelled by perhaps 2000 It was also learned that the book accounts amounted to 5o all of which were good and in addition to this the insurance in-surance adjusters have allowed the company com-pany 51434 to cover the damage sustained sus-tained through the recent fire This money has not yet been paid over and attachments were served on Mr Windsor and other insurance agents last evening to restrain the payment of it payent I MR CLUTES STATEMENT Mr Clute stated to a HERALD man last night that if he had been allowed two weeks to settle with his creditors the trouble could have been tided over An Omaha house insisted on pressing a small claim however and it was decided to make an assignment to protect local creditors who might otherwise be shutout shut-out Mr Cute further stated that the failure meant ruin to him as every dollar he had on earth was invested in the concern con-cern He was unable to give approximately approxi-mately the amount of assets and liabilities liabili-ties and although it is evident that the affairs of the concern are somewhat involved in-volved the exact status can only be learned books from an examination of the |