Show C COLBURNS COLBURN'S 6 FAILURE V. V the governing so b board ard of the tock stock exchange met at noon today and appointed ap- ap pointed a c to investigate the I affairs o ot Brok Broker r Richard L. L Colburn who to the wall yesterday esterday His checks amounting to were t l thrown T. T R R. Jones Cos bank yesterday and a half-dozen half or more brokers were the losers Colburn says that he has no collateral except his desk and the seat on the exchange His friends believe belleve he be will be able to 0 square accounts and start over Not a few brokers declared this I t morning that in the future where not 1 assured of the solvency of the members members mem- mem if b bers rs they deal with they II ill demand i certified checks The situation will probably bring about the establishment of a house clearing-house for the exchange d to handle all deals |