Show DRY GOODS FIRM AILS Tho Large House of James H Walker Co Chicago Go Down CHICAGO Aug 4James H Walker 8 Company dealers in dry goods one of the largest firms in the city confessed judgment today on a note for 5495 A receiver has been asked for The amount involved is 2OJO000 The firm succeeded eOJOOOO ceeded the Chicago business of A F Stewart Company of New York and did a big wholesale and retail business The action taken today was not unexpected unex-pected and tho events leading up to it dated back for some time when rumors from the east that the firm was trying borrow which were denied money yesterday yes-terday The rumor was revived before the confession was made or an application for a receiver was filed It was heard on the street that a prominent commercial house was in diffinulrv rhf firms lia bilities are placed at 2400000 No statement state-ment of assets is made except that the firm hopes to pay dollar for dollar The bill of complaint submitted to the court sets forth that the execution on the judgment secured by notes was placed in the hands of the sheriff and that Walker < fc Co refused to deliver the property under un-der execution It is also stated that owing to the stringent conditions of the financial market the firm is unable to negotiate ne-gotiate further loans and that it was unable un-able to collect outstanding obligations insufficient in-sufficient sums to stay the encroachments of its indebtedness Mr Walker made the statement tonight that no one will lose a dollar |