Ogden Daily Standard | 1890-09-10 | Page 9 | Sawyer Wallace Failure

fallato tifa llaM Fai lule e ito special F chronicle service I 1 I 1 louisville Lotis Lovis viLLE ky sept 5 the louisville Louis villo branch of fawver wallace vallace aco A co was managed by II 11 Q grinter and robert obert wallace as agents of the new york house the linn firm did a general warehouse and commis commission ion business but bat while the business appeared good tho the houses credit has been shaky because of the rumored speculations of new york and london houdes about tour four years aio ago tho the new york firm attempted to corner the dark daric tobacco market and bought an immense quantity of to bacco which bad had to be bold sold and at a heavy loss lose the branch here an ered heavily in their deal and aleo also lost largely a year ago through a big fire the tornado of six months ago did more damage the attorney of the firm here C CS S grubbs claims that the louisville branch ia is perfectly perfect Iv solvent and was doing a good business the failure waa wits caused ho he said amid by petroleum and other speculations A carried on by the london branch some six or eight banks here are caught in the failure but it is not be lieveld that they lost anch ai the most of the tile paper per they held had bid been rediscount et