Show commission MERCHANTS FAIL they make an assignment for the benefit of creditors new york march 7 D acroy dres der and diaries doing buskens a merchants under the firm narae ot dresser co no IS green street made an assignment today for the benefit of creditors to charles mc kanzie air dresser was until few days ago president of the company of me republic Ke public tho pecuniary strength of abe firm is estimated at from to this is the lionso concerning which there IRIS been rumors on wall street throughout the week large banking interests conferred yesterday in the effort to extend assistance to save the fann but the suspension could not be averted A banker said tho firma paper is largely held I 1 think by interior baneg some of it is in new york how this will be adjusted I 1 do not know but efforts will of course bo blade to avoid disturbance there are no preferences attorneys for the said that the liabilities na nearly n they can be approximated amount to and that about alne half of this indebtedness is secured alic nominal assets according to the attorney are about and con fust of cash accounts receivable and in merchandise the will be called to Brother as soon as kofl imd and settlement offered themi in liopo of able to establish reestablish re the firm in business |