Show walls wallace failure S F chronicle service I 1 louisville Loci eviLLE ky sept 6 5 the louisville Loui eville branch of sawyer wallace co was managed by 11 Q grinter and I 1 robert abert wallace as agents of the new york louse house the firm did a general warehouse and commission business but while the business busi busl nees appeared good the houses credit has been shaky because 0 of f the ru rumored mored speculations of new york and london houses al about bout four years ago the new york firm attempted to corner the dark tobacco market and bought an immense quantity of tobacco which had to be sold and at a heavy loes the branch here buffered heavily in their deal doal and aleo also lost largely a year ago through a big fire the tornado of six months ago did lid more damage the attorney of th the 0 irm firm here 0 US 8 grubbs claims that tile Lou louisville favillo branch 10 a perfectly solvent and was as doing a good business the failure was caused lie eaid laid by petroleum and other speculations carried on by the londo branch some eix six or eight banks here are ca lit in the tile failure but it is not dot believed that they lost much as the most of the paper aper they held had laid been red redie counted lecounte v |