Salt Lake Tribune | 1901-06-16 | Page 3 | St. Louis House Fails

ST LOUIS HOUSE FAILS 1I I 1 Dwycv Brothers Mercantile Company Com-pany Makes Assignment St Louis I June 5Tl Dwyer Bros Mercantile company wholesale dealers in department stores supplies made an assignment for the benefit of creditors I today The Mercantile Trust company is the assignee 10 F Ryan was placed In charge of the business of the company today by the assignee 1 The assets of the assignor consisting consist-ing of merchandise and accounts amount to3iQOOO The liabilities I amount to 25OOQ Thin creditors Are principally New York banks who discounted dis-counted the companys paper and the New York manufacturers who supplied the companys stock Indications are that the creditors I will ho paid in full and that a substantial sub-stantial surplus will remain for the alockholdeis safd Valle licburn attorney at-torney for iho assignee The direct cause of the failure of the firm was Us inablllly to meet Its maturing obligations A wrong conception con-ception of the cost of doing business in Si Louis was one of the causes of the assignment I Time Dwyer Bros Mercantile company com-pany did a Jobbing business through lout I i the Southwest