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Show NEW YORK BANK IS SUSPENDED H. B. Hollins and Co. in Involuntary In-voluntary Bankruptcy Liabilities $5,000,000. WIDELY KNOWN FIRM Failure Due to Withdrawal of Large Deposits Working r r- ij capacity vripjjicu. New York, Nov 13 The suspen 1 sion of H. B Hollins and company, the banking and brokerage firm, wa3 announced on the stock exchange ilns niternoon The firm, organized more than 20 years ago, was one of the best known i nthe financial district It had larse itnerests In Mexico and represented In this city several of the largest financial institutions of that country H.irr B. Hollins senior member of the firm, was for many years a close social and business intimate of the late T. P. Morgan. Bankruptcy Petition Filed. An involuntary petition in bankruptcy bank-ruptcy was filed against the firm in the United States district court shortly after the suspension was announced, an-nounced, by three creditors with claims aggregating the nominal sum nf .'t'.r.l. The petition sets forth that the assets are more than $50,000 Creditors and counsel estimates the liabilities at about $..000.000 The firm of H B Hollins & Co, was composed of Harry B Hollins. Bernard I Burke and Briton N. Busch Mr. Busch was the board member of the firm The firm was organized on October 1. 18fL'. and maintains a branch office at Berlin .Mr Hollins is prominent social and a member of many clubs Recently Re-cently he leased his Fifth avenue house to Mrs John Astor. Attorneys Uaue Statement. Beekman, Henken and Criscom, attorneys at-torneys for the suspended firm, issued is-sued the following statement: "The failure was due to the withdrawal with-drawal ol large deposits thus greatly great-ly reducing the firm's working capacity ca-pacity which Is largely Invested in securities which could not be readily sold In the present market " Rafael R Covin who was a member mem-ber of the firm for some time, retired re-tired September fi. it was announced. y |