Show P YORK BROKERS fAil fOR A MILLION NEW YORK Feb 2 Fisk Fisk Robinson Robinson Robinson Robin Robin- son bond dealers and members of the Now York Metal Exchange failed for a million dollars yesterday As Involuntary petition In bankruptcy was filed by creditors In the United States district court and Brownson WInthrop was appointed appointed ap ap- ap- ap pointed d receiver Shrinkage in to the value of Buffalo ii railway stocks and bonds held by the firm caused the theca ca failure The failure e is on one of oC the largest since I Ithe the panic of 1907 not so much as liabilities liabilities liabilities ties are concerned but in view of the importance of the arm which has branches In Chicago Boston and Wor- Wor cester The firm arm was founded in 1898 by Har Har- vey Edward Fisk oldest son of Harvey Fisk a b banker eee and by George J Robinson Robin Robin- son who had been in the be employ of the banking firm of Harvey Fisk Sons Mr Robinson is a a. member of the stock exchange but the business of the firm was principally banking and the tho floating floatIng float- float Ing of bonds The petition in bankruptcy bankruptcy bankruptcy bank bank- was filed with the full lull consent of the time firm its members having concluded that this was the only way to avoid further further further fur fur- ther losses for Itself and Its creditors A statement Issued by the receiver last night says the firms firm's secured o obligations will approximate and that the unsecured debts will exceed Little surprise at the failure was manifested manifested mani mani- In banking circles where It t was said the firm had received several extensions extensions extensions exten exten- of credit in the past year In ad addition addition ad- ad to the securities mentioned the firm also was identified with a number of small railways and several independent telephone companies in Pennsylvania and Ohio Among the roads whose bond Issue it endeavored to float were the Louisiana Arkansas railway San Antonio Arkansas Pass and Gulf Ship Island These Issues have had no satisfactory market and added to the drain on the time firms firm's resources |