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Show HAD MILLION, NOW PAUPER New York Hcrchlnt Loses . I: Fortune by Cotton . King's Failure. ,m . . NEW YORK, May 7.-John. Campbell ' Smith of thla city, formerly a paper " merchant, who Inherited more than " Jl.000,000 five years ago. haa filed a petition peti-tion In bankruptcy with liabilities of - $408,300 and assets doubtful.- The petltlouer.was employed as salesman sales-man In the paper business by his grand uncle. Augustine Smith, who died in January, 1887. leaving large fortune of which Mr. Smith Inherited Jl.000,000. He engaged in the paper trade, retiring in February of this year. Friends attribute attrib-ute the Iobs of his fortune to the slump In cotton following the Sully failure. |