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Show A BIG BUSINESS FAILURE. Tbe ColUn Hardware Company Closes lis Doors. lira I'r.al Ir ill lolll , ll.o I rnall U. lliioli.tliesrrillinyalrui liulvbliiliiraa, SlII.Oilll. The I'.. C. Collin Hardware com-(any, com-(any, carrying on buslueis In thu Progress bloik on J-ast Teni lu street, this nlternouii confessed judgment III Iho sum or 3 1,000 to thu National Hank of thu Republic, and iiltuaut to a writ of execution Issued from tho Third district court, Marshal He nton at oncu took possession. Ihoiarers IlleJ lu thu Third district dis-trict mutt show that lhe sum of $:0,-651 $:0,-651 10 with Interest at S ) e r tent. Is duo on romlsaory uotis discounted by lliu Hank ulthu Hcpubllo on the indorsement in-dorsement of thu defendants, and $411 41, with legal Interest, for money 1 aid by the bank at thu defendant's request, on overdrafts. Bhortly niter J o'clock this afternoon the doors were olosid and the blinds drawn. On thu I Ig i late glass ot thu front door the folio lug was posted: Closed under execution I. A. Ill Mnv, Unite IHtntcs Marshal. Hy A. (1. lnili, Deputy. A iN 1 H te porlur Immediately called at thu coin) any 'a i lacn of business und was received by M. II. Collin, vice, irestdutitot the stranded loiieeru. He said Iraukly: "W aru owing about $.111,00) Our stock amounts to bt-twetlil,UUVaud bt-twetlil,UUVaud $15,000. We havu been In deep financial dlstriss far somu time. Wu havu tein tanking with thuti'ntloaal Hank of tlio Kriutlic, to whom wo weru owing at tut f3.',000, uud weru coniel!ed to tonters Judgment tu Its favor for that amount. Our Indebtednirs lu the J.stt will not ixeeel fl7,OUO. Thu two largest blllsarettUu) aud fGOOresoi-llvely, fGOOresoi-llvely, lhe others are verj small." "Io what do you attribute your fall ire , Mr. Colllu?" usked thu re orter, "lhe credit sysle in lias been the rulntlloii of our business," ho re s-pohdcl. s-pohdcl. "When did you commeuua running bebludf" "About two years ogo. Wo bavo made nothing nt ull for at least tlgh lull months. Originally our llnanus weru In good oouditlou, but wu lost SM.OOOIn lliu I Ik tlrunt Halle), Idaho, on thu Sod of July, ISSt). Blucu thai lime ours has U un u very hard lot, lut wo struggled on hoj lug for thu best. 1.. C. Collin, my brother, who U president presi-dent of tbo coni any, recently went Last with a view ot inlslug money tu brldgu us ovir, but falling, wo weru comjiclied to close down. I., C. Is now on bla way home somowheio between here and Chicago. "Isthete any prospect of your re. sinning business?" ".Nime whatever. Wu have absolutely abso-lutely nothing to resume on " The Collin Hardware oouipiuy was luiorporatid about three years ugo Willi a capital stork of fUflIM Thu prlnclal stoikholdera were K. C, I'elllii, who was preslileui, M. II. Collin, vice, president, anl George W, Conrer, etiretary uud treasurer. The company has always been retarded re-tarded by thu publlo as unu of Iho soundest concerns ot Its kind In the Territory and the announcement that It has failed will bu a general surprise. |