| Show 1 FAILED FOR MANY MILLIONS Produce Exchange Trust Company Compan of New York Goes Down 0 I LIfIS AIl AILE LL t t I IJ nel only II in J II tries Chiefly In iii Nen ork rk I I haul lalure J a Ne New York Dec Produce E Ex Exchange 5 change Trust company of this city has I olO It Its dors doors A notice upon the tho thedoor door ys 8 that the company has hIlA sits U Ulde payment pending nn an or of I its boks books The following state or of Its wa was Issued by tho Jr uc Exchange t company to to today day d ASSETS ASSES I I III I II I Cash on hand hantl 8 Cash In Weter Western N tl ial I Banks I Cash In National CIty Dank Bank Cash Itt In First National Dank Bank Jerg Jersey CIty Cash In Standard lank flank New York City bonds 2 OO Other bonds Demand lons loans 0 line 1 loans receIvable Duo Due banks loans 44 SO N Total as assets LIABILITIES LIA Capital and I 4 IndIvidual elt Trust funds Due D ue to banks Total Te The notice posted on the door ot of the tho chico reeds The board or of directOrs of at the Pro Prod LiCe UCe Exchange Trust has hns it to the best Interests or of Is Its de depositors and stockholders to suspend payments Ien heading the or of Ut Its affairs The following special com coni Gould C I I Gerge george n It Egar Edgar A hornet Homer tad Frank hI line hel ant d by the board or of directors to tales taka boar o harge ot of the th proPerty erty an anti tr of the company and are In possession tot for the bo board ot of Signed ALMON AL fN anti ln WILIA WILLIAM t NELSON W LL Counsel for Cor Committee The he Produce Exchange Trust om oem pony pany was organized a couple ot of years ng Wih of 21 tO lus nd at thIs time ot of over 60 Is Its b bud flea WB chiefly with merchants t ne amen and corporations In its Imme immediate vicinity and It was wa alo also supposed ts tu to do I some of at the banking a of the Standard 01 Oil company It I line been ties des desIgnated b by the department of the State as te n a lega legal depositary for Cor State monies and monies as wel well as for funds runds ot of savings banks and State banks bank a The officers o of the company Ir are President Turner A enne Benile l dents EdwIn Gould Goul Thomas A MeIn tyre and S D secretary and treasurer S B L Chamberlain assistant and treasurer William H secretary WIlam The trustees of the are Chance P armstrong D 13 Frank Fronk Turner A Deale Bealle o oH It H ChaTles Charlos A Deshon A GOi Goe lid Edwin Gould N Irvine Keyser eer Ed Edward Edward Ill ward n it Ladew Henry A McGee W WWI WWillie WI Willie Merrill J 3 W V Edmard Ed mard 1 I Meer t er S P D Scudder John A Ib Icy John r P Truesdel C M Warner John E C Young Thomas Mcintyre The of the firm of Henry Allen Co bankers and brokers ha ha Alen ben been announced on an the Stok Stock Exchange The firm Is not prepared to make n a statement but the suspension ha 1 to time the failure ot 01 Iome sonic or of Is its cu ens to respond to calls for Cor margins necessary b by recent tie de chines The h house has been know ns n a trader on rather nn an extensive sl ecal |
