Evening gazette, Thursday, August 27, 1896 · page 8

 

 

3r

 

 

 

 

 

IMMENSEjlu gun's.

Hilton, Hughes & 00. Close Their 'Big
- Store In New York City.

A. T. STEWART’S SUGGESSOBE

 

The Cessation of Business “'as For Puri
poses of Liquidation—All Debts Will

r ' Probably Be Paid In Full.,

.73” No Preferences Given.

17"

 

NEW YORK, Aug. 27.——Albert B. Hll '

ton, doing business as Hilton, Hughes &
00., made an assignment this morning tc
George M. Wright. The formal assign
ment was filed in the ofi‘ice of the county
clerk'at five minutes after 90’clock today.
For hours before that time, however, no
tices of the assignment had been hanging
from the heavy glass doors of the large dry
goods and department store on Broadway,
~Fourth avenue, Ninth and Tenth streets.
' The notices had been afi‘ixed some timi
in the night after the assignment had been
executed and acknowledged, but the 2, 30(
employees came as usual to open the stort
for another day’s business and received
thus their first notice of the dismal fact
What they read from the typewritten slips

_ was the following:

Hilton, Hughes & Co. have discontinuet
business and made a general assignmeni
without preferences to George M. Wright

All employees are notified that theii
services are no longer required, and thai

they will be paid in full to and, including

this day.

The store will remain closed until fur
ther notice. ' f

If the services of any employees are de
sired by the assignee hereafter, they wil.
be notified. ' HILTON, HUGHES & Co. >

GEORGE M. WRIGHT, Assignee.

George M. Wright, the assignee, is a
lawyer, an office associate of ex-Judgc
Horace Russell, in the Stewart building.

'Mr. Russell has for many years been the
legal adviser of ex-Judge Henry Hilton,
who.has been ever since the death of A. T.
Stewart the financial backer if not the ac-
tual proprietor of the firm just assigned.
Elihu Root and Horace Russell appearas
the attorneysfor the assignee.

At Mr. Wright’s office it was said thai
a Statement was in course of preparation
and would be given to the public as soon
as possible. Neither the assignee nor an)
of his counsel would have a'nything to say
until this statement was prepared.

Why Assignment Was Made.

In the meantime, however, the follow-
ingstatement was made by Mr. Root 1:
behalfcf Henry Hilton:

“Parties in interest became satisfies

' that the business was not making a profit.

It was therefore determined to close-it. Ii
was at first supposed that this could be
done by an ordinary ‘closing out’ sale,
without any general assignment. With
this end in view, Judge Bil-ton within tht

last month advanced $250,000 to the firm -

to pay on-account of merchandise claims.
He . s during thelast few years advanced
very arge sums. .He would have , been
willing to advance enough to pay all the
unsecured claims, but in' the present strin.
gency it is more than inconvenient to rais¢
that amount at once, though the sum is
not large—less than $600,000. The dim-
cultles every merchant and banker knows.

“As claims were pressing there seemed
to be no other way to close the business,
with equal justice to all creditors and pre-
serve the property from sacrifice, but by c
general assignment, without preferences.

“It is believed that all the merchandise

and general debts can be paid in full oui
of a sale of the stock and the collection oi
the outstanding accounts. The bank pa-
per is secured and will, of course, all bf
paid.
. “Negotiations are pending for the salt
of the whole stock, which, it carried
through, will result in a settlement of the
debts in a very short time ”

The allusion in the last paragraph 0.
this statement is to the new firm of Sie
gel, Cooper & 00., whose new establish
ment, on Sixth avenue, Eighteenth anc'
N ineteenth streets, is almost ready for 00
cupancy.

Scarcely a Failure.

The assignment is in only the technical
and most limited sense a failure, and it i:
not directly due to the prevailing depres
sion. It is rather a voluntary liquidation,
which has been threatened several years,
but which the proprietors hoped to avoid
by building up the business to a paying
basis. To this and large sums of money
were spent, and the best talent in the re
tail trade employed; all, however, as iI
appears in the end, to no avail.

The most plausible explanation of tin
failure is that in the growth and expansion
of the city the trade had departed, largely
from this neighborhood and had gone (at
new centers farther up town.

That the creditors of the establishmenn
have little occasion 'for alarm is found not
only in the above statement made fOI
Judge Hilton, but also in the last state
ment' made to Bradstreet’s commercia‘
agency by Mr. Albert B. Hilton, the pro
prietcr of the firm. This was made or
March 7 last and was as follows:
Asaets........_‘,.., ................. ......$3.363;00
Liabilities.........n. aaaaaaaaa 'onccec-o-s 11le

Surplus ............. . ...... , ........ .....$2,133,00i

The liabilities were made up of loan:
and bank discounts, $505,000, and for mer
chandise, $725,000. The assets included
$1,000,000 of outstanding accounts; all do

' clared to be good and collectible, and ovei

$900,000 of stock on hand inventoried a1
cost. Since the date of this report Judge
Hilton has advanced large amounts 01

rmoney in payment of merchandise—lie

bilitics—reducing them to a present esti
mated amount of $580,000. .

The statement, made for Judge Hilton,
that “the bank paper is secured and wiii
of course all be paid” is understood tr
mean that the father is himself the so
curity, as he has been ever since-the liqu

 

dation of A. T. Stewart &' Co. in 1883.

Help For Insurgents.

PHILADELPHIA, Aug. 27,—According tc
two cablegrams received in this city
last night, the steamer Laurada, which
sailed from this port for Cuba on Aug. 6,
landed one of the most formidable filibus
tering expeditions yet shipped to Cuba
and then landed at Port Antonio, Ja.
maica.

Fetal Explosion of Powder.
XENIA, 0., Aug. 27.—The ,dryhouse at
the Miama Powder works, five miles north
of Xenia, blew up today, shaking the

country, for miles around, and killing

Frank Eich, powder boss, and Silas Fig-

, gins, engineer of the works.

‘ Nominated For Congress.
. 'WILKESB’ABRE,5Pa.. Aug. 27.—John A.

'Garman, the- recently elected state chair
.. man of the Democratic committee, wai

nominated for congress in the Twelfth dis

Ltriot. ,
"dvertiSe in the Gamma '

 

the British. government.

 

 

BRITISH Ell DEFIED.

The Self Made Sultan 0f Zanzibar
Will Fight to the Last.

SALISBURY’S OPPORTUNITY.

Be 'May Now GobbleUp the Whole Is-
land—A Formideble Fleet Ready to
Bombard the Capital if That Step
Should Prove Necessary.

'
._ .r.

 

ZANZIBAR, Aug. 27.—-The night passed
quietly. Said Khalid is still in possession
of the palace square, the guns of which
are trained on the British warships Philo-
mel, Thrush and Sparrow, which have
landed sailors to protecttheBritish con-
sulate, where all the women are lodged.

(The warships are moored opposite the pal-

ace square, and their commanders are
waiting orders from the British‘ govern-
ment. As already cabled, Khalid took
possession of the palace immediately after
the announcement of the death of Sultan
Hamed din Thwafn bin Said and pro-
claimed himself sultan. He has barricaded
blinself in the palace with 700 armed As-
karis,-folio'wing the ex ple of his father,
who took the same steps. but was over-
awed by a British force which established
the late sultan instead.

The British first class cruiser St. George,
12 guns, flagship of the Cape of Good
Hope and west coast of Africa station,

'.with Rear Admiral Harry W. RaWSon on

board, arrived here today and landed 250

additional men to protect property and‘

maintain order.

Later the British third class cruiser
Raccoon, six guns, also cast anchor in
these waters, thus making the British
force capable of thoroughly protecting
property as well as able to take the ofi’e‘n-
sive immediately if necessary. The Phil—
omel is a third class” cruiser, carrying
eight guns; the Thrush is a first class
boat of six guns, and the Sparrow is afirst
class gunboat which also carries six guns.

It is expected here that order will not be
restored until the palace and its fortified
yard are bombarded and cleared by the Brit-
ish, as nobody believes that the latter will
recognize Said Khalid as sultan. Very
little is known outside of the palace con-
cerning what has happened there, but it is
known that Said Khalid has been strongly
're-enforced. He' now has under his com-
mand 2,500 well' armed and well disci-
plined men, including 900 Askaris, who
have been trained under British emcers.
'He also has plenty of ammunition and a

number of field guns and other pieces of.

artillery.

A report is current that Said bin Ha-
mud, a nearrelative of the deceased sul-
tan, has been enthroned in the palace by

Sam Khalid, who, according to this re-
port, has concluded that'the opposition to
- his elevation to the'sul‘tanate is too strong

for him to oppose. ’
Said Khalid’s Defi.

On the otherhand, the British consul
here has had a long parley with Said
Khalid, during which the latter was urged
to surrender and avoid bloodshed, being
assured that his claims would be censider-
ed in the fairest manner-possible. Said
Khalid, however, informed the consul that
he would never leave the palacealive and
that he was prepared to sellhis life dearly.
He insisted that he was sultan of Zanzibar
and that he would maintain his right to
that title by force of arms. :‘Seeing that
all argument was useless, the British con-
sul withdrew and subsequently had a long
conference with Admiral Rawson, at' the
end of which a cable message explaining
the situation up to date was forwarded to
It is believed
that no further steps will be taken until
definite instructions have been received
from London.

The, late sultan, it appears, died very
suddenly and without anything being
knoWn of his illness previous to the an-
nouncement of his death. This has led to
a‘ report being circulated that the sultan
was murdered, but it is impossible to ver-
ify the rumor at present, especially as Said
Khalid gave orders that the sultan’s body
should be promptly buried. This was
done, and the exact resting place of the
body is not known.

The general opinion prevailing here is
that the action of Said Khalid in proclaim-
ing himself sultan of Zanzibar, which is
under British protection, without going
through any of the formalities necessary
and without consulting the representative
of the British government here, has given
the British a good chance, and one which
has long been looked for in certain circles,
formally to hoist the union jack over Zan-
zibar and proclaim it a portion of the Brit-
ish empire, thus eflectually abolishing
Arab rule and with it the slave trade of
this part of the African coast. This fea-
ture of the case will certainly not be lost
sight of during the conferences in London
which must follow the announcement of
the trouble here, and nobody would be

surprised if Admiral Rawson’s ships are

soon ordered to take steps to depose Said
Khalid.

In this event the first thing to be done
would be to‘ shell the palace. The latter
is-a large building, but is far from being
substantially built, and the guns of the

.warships would make short work of it.

But driving Said Khalid and his fellow-
ers out of the palace and its ground will

not end. the conflict. He must be captured

or killed before order is restored. as-his re-
treat into the interior will only complicate
matters and prolong the disturbance.

Report on the Moore Failure.

CHICAGO, Aug. 27.—The report of the
committee on the affairs of the Moore
Bros. will probably disclose little not al-
ready known. It is shown that the New
York Biscuit company funds, to the ex-
tent of $30,000, were used to ring in 14,-
000 shares of stock. It develops that the
Moores were all alone in their corner.

 

Salisbury's Reported Change of Base.

Loi’norz, Aug. 27.—The St. James Ga-
zette, commenting on the publication of
the latest Venezuelan blue book, says it
regards the step as an indication that the
Marquis of Salisbury, contrary to a recent
assertion, does not intend to submit to ar-
bitration the territory inside the Schom~
burgk line. '

The United States and Turkey.

Cons'i'AN'rINOPLE, Aug. 27."—-—Minister
Alexander W. Terrell has notified the
Turkish government that the latter’s
answer to the demands of the United
States for indemnity as a result of the
burning of the American missions at
Kharput and Marash is not satisfactory.

 

A Conspirnoy‘niseovered and Frustrated.
MAnaIp, Aug. 27. —A revolutionary
conspiracy has been discovered and frus-
trated at Gerona, capital of a prevince of
the, same name, about 60 miles northeast
of Barcelona. ' _

Advertise in the Guerra: N. ' I

 

2 . . . '1 f."

WIPED OUTBY FLAMES
The Town of Ontonagon, Mich, Al.
most Entirely Destroyed.) .

 

MANY HUNDREDS HOMELESS '

 

~About Five Hundred Dwellings Were
Burned and Tents Have Been Asked
' For—Diamond Match Company's
Loss Probably, 81,000,000.

 

GREEN BAY, Wis, Aug. 27.—Ontona.
gon, Mich, has- been wiped out by fire.
Telegraphic communication, which was
out off, has at last been made ~with this
city. ‘The fire has left absolutely nothing
of the towu. Two thousand persons whc
were comfortably housed _ are now home.
less and without shelter or food. A mes-
sage recei‘ved from the mayor of Ontario-
gon to the mayor of this city asked for as.
sistance, saying they wanted tents and
food for 1,500 persons.

The ruin involves the extensive lumber
and box manufacturing plant of the Dia-

‘ mend .Match company, an establishmeni‘

alone worth upwdrd of $1,000,000 and re-
ported to carry about $500,000 insurance
on lumber . and plant. Ontonagon is the
county seat of, Ontonagon county and the
oldest settlement in the copper district.
Its population is about 2,000. .It is the
Lake Superior terminus of the Chicago,
Milwaukee and St. Paul railroad system.
The catastrophe began with the small
fires in the swamp just south of the town,
to which no attention was paid, as they
were not considered dangerous. But yes
terday morning the wind fre'shened to a
gale from the south, the swamp fires were
driven into the seasoned lumber piles in

close proximity, and before effective“ de- -
fense could be made the flames were be '

yond control and driving straight for the

village at a rate so rapid that nothing was ,

thought of but the salvation of human
lives. In response to appeals the railroad
companies‘sent all available engines and
cars. At 4 o’clock yesterday afternoon the
operators in the telegraph office were driv-
en from their keys, and as that office was
centrally located there can be no doubt
that the entire town was wiped out. The
.loss is Well covered by insurance, and some
companies, notably the Mechanics of Mil-
waukee, are reported very heavy losers.
Refugees In Box Cars.

The Chicago, Milwaukee and St. Paul
railroad transported the homeless people
to Reckland‘ in box cars, where they got
shelter. The loss will aggregate several
million dollars. and it is doubtful if the
.mills destroyed will ever be rebuilt, as
nearly all the pine in that county has
been cut. The town has or hada system
of waterworks, but it appears to have be-

' come disabled early and was of little use
in fighting the fire. Many of the inhabit-
ants lost all they possessed in the fire and

are not only homeless, but penniless as .

TH Housman. Main and WallSts.

well, and will have to receive outside as-
sistance or suffer from cold and hunger
this winter._ Ontcnagon, was the'oldest
town in the upper peninsula. ,

Among the heavy losers are Sargent,
Gennings & Gilkey of Obonto, lumber,
$100,060; Louis Reidenger‘of Marquette,
lunrber on deck, 825,000; James Norton oi
Ewing; lumber on dock, $10,000: D. J.
Norton of Ewing, lumber on dock, $10,-
000; William McFarlan-of Bruce’sICi-‘oss-
ing, lumber on, dock, $10,000; _' Lowe
House, four. story hotel, $10,000; Centen-
nial hotel, 85,000;,Paul'House, $5,000,
John Hawley’s store, total loss. $20,000;
Bank of Ontonagon, $5,000; Chicago,
Milwaukee and St; Paul depot, postofiice,
courthouse,'jail and schoolhouse, 850,000;
James Mercer’s
and coal sheds, $50,000; Ontonagon'Miner,
neWSpaper, 82,500; Ontonagcn Herald,
newspaper, $2,500; waterworks plant and
government ,breakwaters seriously dam-
aged.

~ Enormous Loss.

The number of dwellings reported dev
stroyed is 500. The propertyloss in On-
tonagon itself, independent ,of the destruc¢
tion of the Diamond Match company
plant, is $500,000. .

Great forest fires are reported in the vi-
cinity of Trout Creek, and the mills of the
TroutCreek Lumber company, with 40,
000,000 feet of lumber, were reported in
great danger and could only be saved by 2.
change in the wind. That occurred about
sundown, and light showers have since
fallen. Nothing more being heard from
Trout Creek since, it is believed. the place
is safe. ‘

CHICAGO, Aug. 26.—James F. Moore 01
the Diamond Match company Was found
athis home. His brother, William H.
Moore and the chief agent of the Diamond
Match company in the handling of its
stock, was not in the city. James H.
Moore had not heard of the fire at Ontona
gon. He said: ‘

“This is all news to me. Ihave not
had a telegram from the town advising me
of the loss, and I am unable to say what
it is. I do not know what the value of
the plant of the company is there nor what

insurance was carried. I could not give

the slightest estimate as to what the loss
is. All these details are known to my
brother, and he is not in the city. He can
probably give some accurate figures, but I
cannot."

Iaonwoon, Mich.,»Aug. 26. —-Ironwccd
is completely surrounded by forest fires.
Many houses on' the outskirts of the city
have already been damaged, and the fires
are gaining ground rapidly. A high wind

is blowing, and the-whole city is enveloped

in dense smoke.

The fire department and every available
man are fighting the flames, but with
peer success. No rain has fallen here for
six weeks, and everything is as dry as tin-
der and falls an easy prey to the flames.

 

~—._..._ _.

—Advertise in the GAZETTE. '
1L. ' . ' _‘ .

Bottle of CUTICURA RESOL-
VEN’I‘, greatest of humor cures,
is often sufficient to complete
a permanent cure of the must
torturing ‘and disfiguring of
skin, scalp, and blood humor-s.
Bffff‘étfifiilfitéimit‘m’dEmil?
SOAP, gentle applications of Concern (oint-

ment), the great skin cure, and mild doses of ‘
Currcum Rnsonvnnr, greatest of humor 'cures.

, Sold ihrou bout the world. Price '
SOAP.'25c.: ISOLVIN‘I'. 50c. and 01'. cfigfill‘bfig

 

» Aim Cum. com. Sole ps., Boston. . .
. a- “,How to Cure Every Human? mailed the. ,-

 

 

large warehouse, '. dock

‘TEEAEYEKINGLGAzEIrn,;MMVQQ

-. ~ W
. “-—

THE inn.

 

‘ I ‘ IN OUR

0
Separate Sla Irtsa
We have Black Sicilian, figured Mo-
hair, Black . Diagonal, Blue Serge at
$2.25, $3. 50, $4.25, $35, $5.50 and $6. 'On
all these, for the next week, shall take 25
per cent. off.

'Shirt Waists. _

We have, as we always have, a beauti-
ful line.
$1.98 ones for 98¢.
$1.49 ones for 98¢.
$1.25 ones for 98c.

Domestic Goods,

_15 pieces Apron Ginghams, 3c a yard.

25 pieces Scotch Ginghams, 25c ones
for 12%c a yard.

30 pieces 7c. Brown Sheeting ~for 5%c.

50 pairs Summer Blankets, 49c.

Linens.

58 in. Bleached Table Linen, 23c.
56‘in.”Half Bleached Linen, 25c.

 

75c ones for 50c.
50c ones for 25c.
25c ones for 19c.

 

 

 

 

=<‘.."‘ . _ Till BflsmNSTflBfi,

'Nonwanx,," . comm

 

M... m... ,,,
7 ~°“?'°rsumy.

 

‘ Weare Clearing Our Counters Of all A

 

GREAT GLOAK * ROOM.

 

25 dozen Linen Tray Cloths, 10c.

50 dozen Linen D’Oyles, 5c.

1 piece Red Damask, slightly dam-
aged, 50c quality for-25c;

Crash. v

10 pieces Toilet Crash, 4c.

10 pieces All Linen Crash, 8c.

12 pieces Check Crash, for fancy work,
for 10 and 12%c. ‘ . '~

Dress Goods.

All our 39 and 50c Summer Dress
Goods, 25c.

. . .
Kitchancpartment.
Porcelain Lined Preserving Kettles, 8
qt., 35c; 10 qt., 42c; 12 qt.. 49c; 14 qt.,
54c.
Slop Pails, galvanized iron, 39c.
Heavy Tin Dish Pan, 19c.
Galvanized Water Pails, 19, 25 and 39c.
Veranda Seats, 5 for 25¢.
Sticky Fly Paper,3 double sheets for 5c.
Colored Vat Blue "Bowls, 10c.
Jardiniers,9, 15, 25, 39, 49c, to $2.98.
Glass Vases, 10c each".

 

 

 

3 Big ” Bargains at
Hosiery Dep’t.

60 dozen, another caSe ladies." Fast

.Black Seamless Hose, Sc per pair, 6 pairs

for 39¢. . ' .
500 26 in. Gloria Umbrellas, steel rods,
all perfect goods, well worth $13.75; first
come, first served, each, 98c. '
4S dozen men’s Fancy Laund red Per-
cale Shirts, all new, real va e, 895‘;
special, 50c. ‘

Gloves. .

Ladies’ 4-button white, black embroid-
ered backs, absolutely the best $1.50
glove on the ‘market, all clean, fresh
stock, per pair, $1.00. ,

 

Get your,Preserving Jars before they
are all gone; Mason’s and Lightning
pints and quarts. . ‘1

\

All sizes in Screen Doors and Window

, Screens. .

 

t
\

 

 

5}.

 

ln‘case

 

 

A POINTER...“

of A Fire

—CQR@ESPONDENCE SOL/cum i

f

o

Is your plate glass or safe insured? If not, call on me and
I will write you a. policy in the Mutual Plate Glass and Safe Insur-

. ance Company. , Glass will break-and burglars use dynamite.

You should. be insured. A. policy in the Reliance of Philadelphia

Phoenix of Hartford; Scotland Union of Scotland; New Hampshire of

of New. York; Security of N ew Hampshire or Granite State of Ports-

mouth will protect you against the modem.
W. H. .EYIN‘G'EQN,

”Real Estate and General Insurance. 

noon ‘1. GAZETTE:- nun-mine

"‘\

\ .

LOANS NEGOfiTIATED 'AND INVESTMENTS MADE.

...
’.

'_ Showing. theiway.

 

 

Manchester; Rochester German of Rochester; United States and ‘Pacific ;,