OCR Text |
Show A Loan Companies Trouble, Nlw York, May 1J Tho Sun says: Thomas Lowry, who I slopping at the I'lllbJATenue liote,enld lest night In regard to the tumor that Iho Northwestern North-western liDau Guarantee company of Minneapolis will not open Its doors today! to-day! I want to bo entirely candid with you. 1 do net believe anything can be gained In the present situation except ex-cept by a frank statement ol tbo com-pauy's com-pauy's condition Tbo company may not be compelled to olose its doots tomorrow, to-morrow, but a suspension cannot be put on moto than two or three days. I havo been la constant communication by private wire with l'resldent Menayeefor the last three days. 1 was up all last nlgbt talking with him over tue wire. Bomo of my financial frleudslnNew York were with me, and we came to thecoocluslon that a suipenslou could not be averted. Tho company Is ubout ten years old und baa n capital stock of 11,250,000. |