| Show CON C 11 FAILS FOR 1 THIRTY RETAIL STORES WILL GO DRY day INTO thi tnt aoun HANDS OF RECEIVERS shifting of trade center in 4 york and inability to Fin finalle allt tall store stores compel compels chain of c store stores to close new york the biggest tile failure in the history a of the ed states waa was re reported Portel ehurd Th bhea ft hen receivers rec elvera ft era ere urd appointed the he 11 D B claflin f company ot of abla the company it is estimated akl bore than 0 present time it ie Is unable which to at va h pay 14 assets are said to be john Cl chatlin atlin tn head of the 0 compel o and if its chief individual stock hode la Is the owner of at a chain of nea thirty dry goods enterprises a tano out cut the country which are I 1 in the failure Rece receivers hers tor for of these were named and alm imlau Eirk severd u tiou it was announced mould b h laken in the case of the ret rest abit business will be continued under calvers cel vera vers management until ra the aw clat affairs have been adjuster from to banks la it d awid of the united coupon the bulk of the claflin creditor credito mN tin hold notes aggregating the mak ai part of at the liabilities these ION are aid sald to bave have been issued br by at tk various chatlin stores indorsed br by IL a D claflin company and the procup used ft ben hen discounted la in allando 1 their needs according to mr 11 the was as due to the unprecedented lift ing of trade centers in new tort I 1 city which compelled the conc concert erAh b j rely mainly upon its retail ditore b other cities for its profits their rapidly extending buil neWW nett ho he said bald occasioned large dovw requirements which we have ot jot ba bm able to meet rueel 1 4 |
