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Show GENERAL. LAKGE FAILVRU. J. Friedlander, One ol Sun Francisco's Wcultliiest ffleu, Dues Under. San Francisco, 4, Tho failure of J. Friedlander, a prominent grain operator, oper-ator, was announced to-day. Mr. Friedlander states that in case he can collect the amounts due him, his incurred indebtedness will bo about 1000,000, as nearly as he can judge from the present condition of atlairs. The indebtedness is entirely local and aflecta but few persons or firms, all of whom can stand it, with perhaps the exception of one or two in the interior. in-terior. He attributes the failure to some extent to losses on charters, .having early in the season chartered I vessels at comparatively high figures, which he was subsequently compelled to recharter at much lower rales; but the greatest weight under which he i labored was tho condition of aftsirs in ' Han Joaquin valley, where he had ' purchased large tracts of land and ' subsequently sold them to a farmer, ' who paid down a small portion of the purchase money, but crops preventing prevent-ing the continuance of the payments, Mr. Friedlander aided the purchaser, for a time, but the gloomy prospects ot the present year forced him to call a moeling of his creditors, which will be held on Saturday or Monday next. It 13 reported that the principal creditor is the Nevada bank. It is known that after the failure of the Bank of California Mr. Friedlander transferred his accounts for some two months to the London and San Francisco Fran-cisco bank, from which they were carried to the Nevada bank. The otficerB of that bank decline to make any statement, but it is reported that Mr. Friedlander owes them upwards of one million dollars, secured on real estate. There is also a reported indebtedness in-debtedness to the Bank of California, contrasted prior to the failure of that institution, of several hundred thou-sand thou-sand dollars, and also secured on roal estate, jbaikner, Bell & Co., are reported re-ported to hold his notes for some $200,000, and Balfour, Guthrie & Co. tor about half that amount. Toere seem to be good grounds for the belief that arrangements will be made by the creditors to enable Mr. Friedlander Fried-lander to resume at au early date. He states personally that the failure oi the Bank of California placed him in a very cramped position for available avail-able funds, from which he has not since been able to extricate himself. On being advised of the failure of Friedlander, interior banks holding bis notes to the amount of $100,000 at once offered to carry them three or six months without interest. This ofl'er waa declined, as the accommodation accommo-dation would still fall short of the necessities ne-cessities of the case. Mr. Friedlander states concerning the results of his tonnage operations for tho season, that charters which last June prorri-ised prorri-ised a profit of $2-50.000, has actually made a los ol $150,000. Ho denies owing either Balfour, Guthrie k Co., or Falkner, Bell &, Co. any amount whatever, and while still declining to name his unsecured creditors, say thoy are all in the interior of the state, and every dollar of indebtedness to city creditors is amply secured. The police authorities here say tho report telegraphed from New York to-day that correspondence had passed between the chiefs of police of Now York and S.m Francisco relative to Charley Ross supposed to be in this city, ia a canard. |