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Show NEW VOI BROKERS FAIL FOR ft MILLION Finn of Fisk & Robinson, Which Has Several Branches, Goes io Wall. NEW TOItK. Feb. 1. Flsk & Robinson, Robin-son, bond dcalsrs- and members of tfio w York Metal Exchange, failed for n million dollars today. An Involuntary petition In bankruptcy was filed by creditors in the United States district court, and Rrownson Wlnthrop was appointed ap-pointed receiver- Shrinkage In the value of Buffalo Jfc Susquehanna railway stocks and bonds held by the firm caused the failure. The failure is one or the largest since the panic of 1P0T, not so much as liabilities liabili-ties arc concerned, but In view of tho Importance of the mm. which has branches In Chicago, Boston and Worcester. Wor-cester. The firm was founded In 1S0S by Harvey. Har-vey. Edward Fisk. oldest ?on of Harvey Fink, a banker, and by George Robinson, Robin-son, who hud been In the. employ ,of the banking firm of Harvey Flsl: & Soiis. With Consent of Firm. Mr. Robinson Is a member of the stock exchange, but the business of Hie llrm was principally bunking and the floating float-ing of bonds. The petition in bankruptcy bank-ruptcy was tiled with the full consent of the firm. Its members having concludod that this was the only iny to avoid further fur-ther losses for Itself and Its creditors. A statement Issued by the receiver tonight to-night savs tho linn's secured obligations will approximate 5&.000.000. and that the unsecured debts will exceed 51.000.000. Little surprise at the failure was manifested mani-fested In banking circles, where It' was eald the Aim hnd received several extensions exten-sions of credit In the past year. Tn addition ad-dition to the. securities mentioned, the tlrm also was Identllb-d with a number of small railways and several Independent telephone companies in Pennsylvania and Ohio. Among the roads whose bond issue it endeavored to float were the Louisiana & Arkansns railway, San Antonio & Arkansas Pass, and Gulf & Ship Is-land. These Issues have had 'no satisfactory market and added to the drain on the firm's resources. |