|Wickwire Bros. No. 1 and Cortland Chair & Cabinet Co. No.14, near E. C. & N. R. R. depot on 1894 map. (Touch or try a left click on the map to see the No. 14 near the corner of Railroad Avenue and South Main Street.)|
CORTLAND CHAIR AND CABINET CO. FORCED TO THE WALL.
Democratic Hard Times the Cause for the Failure—Edward H. Brewer the Assignee—Liabilities, $35,000.
The STANDARD is pained to announce the failure of the Cortland Chair & Cabinet Co. This concern has done a large business, but the stringency of the times has been such that the company has been forced to shut down and turn its property over into the hands of a receiver. This is done to insure an honest and equal distribution of the company's assets among the honest creditors. Not until judgments had been actually rendered against them, did the company abandon the effort to raise funds and continue the business. The managers, Messrs. F. W. Kingsbury, Frank A. Woodworth and Frank M. Newton of Homer will all have the sympathy of our people. Messrs. Kingsbury and Woodworth have for years possessed the confidence of the people of Cortland, and we believe them in every way worthy. Mr. Newton is a young man and has not the experience of the others in business, but he is known to be a man of integrity.
Mr. Edward H. Brewer, who is made the assignee is a manufacturer of broad experience, of force and enterprise, and will no doubt be acceptable to the creditors of the corporation. It would be difficult to think of a better man for the place. We trust that some way may yet be devised whereby the company may still continue business in Cortland.
Attorney Horace L. Bronson, representing the company, was seen by a STANDARD reporter this morning and made the following statement: "On last Monday at the special term held by Judge Parker at Ithaca, on motion of myself as attorney for the Chair company, Mr. Edward H. Brewer was appointed receiver of the property of the Cortland Chair and Cabinet Co. An order was also made by the court restraining all creditors from bringing any actions against the company and also taking any proceedings on any judgments heretofore recovered and restraining proceedings in any actions pending. The order also directs all creditors of the corporation to show cause on February 1, 1894, before Attorney James Dougherty as referee, at Cortland, why the said corporation should not be dissolved."
In response to a question put by the reporter Mr. Bronson stated that he could not give the exact figures as to the corporation's financial standing, but that the liabilities would probably equal $35,000. "The assets," he said, "are perhaps not more than $25,000. Of course these figures may be considerably changed by the appraisal and inventory soon to be made by the receiver. I have the utmost confidence that Mr. Brewer will make the most possible out of the assets in the interest of the company."
A reporter went this morning to the works, which of course are shut down, and interviewed Mr. Frank A. Woodworth, treasurer of the company.
"What was the cause of the company being obliged to have a receiver appointed?" asked the reporter.
"Democratic hard times," replied Mr. Woodworth. "The way times have been the creditors who have been given notes and who have accounts due did not wait, but pushed their claims and in order to serve all alike we had to have a receiver appointed. We, of course, depend largely upon our sales for running the business, Owing to the times it was next to impossible to get accommodations. We received letters from our creditors, some threatening to sue, till we decided on the course we have taken."
On being asked the prospects of the company he said: "If the creditors grant us an extension of time and allow us to continue in a satisfactory manner, we will; if not, we will have to put up with the inevitable. As soon as the inventory is completed, which will probably take the balance of the week, there will be a meeting of the creditors to determine upon their course."
An unsuccessful effort was made this morning to see Mr. F. W. Kingsbury, the president of the company, but he was not to be found either at his office or his house. It was hoped that he might have something to say which would lighten the gloom of the present trouble.
NOT A DIRECTOR.
Hon. L. J. Fitzgerald Interviewed Regarding the Madison Square Bank.
A number of the afternoon papers yesterday, reporting the wholesale arrests of directors of the defunct Madison Square bank in New York, made the statement "The only director for whom a warrant has not been issued is Lawrence J. Fitzgerald, formerly state treasurer."
A reporter of The STANDARD this morning called upon Mr. Fitzgerald at his office at the Cortland Wagon Co., and showed him one of those clippings and asked him if he had any statement to make. Mr. Fitzgerald replied that he had a very emphatic statement to make. He was not a director of the Madison Square bank, nor has he been since May 26, 1892, at which time he resigned both his vice-presidency of the bank and resigned from the board of directors. He had too much business on hand to attend to the matter so far away from home in addition to other duties. Mr. Fitzgerald said that at the present time he had no connection with the Madison Square bank direct or indirect, except as stockholder, nor had he had any other connection with it since May 26, 1892.
On the return of the reporter to the STANDARD office he looked over the files of The STANDARD for last year and in the issue of June 8, 1892, he found published the very complimentary resolution passed upon Mr. Fitzgerald by the board of directors of the Madison Square bank upon his resignation from that body on May 26.
The reporter asked Mr. Fitzgerald how his name came to be mentioned at all in connection with the bank after a lapse of almost eighteen months from the time of his resignation. Mr. Fitzgerald replied that while in New York yesterday he asked this same question of the receiver of the bank, and was told that no new advertising cards containing the names of the officers and directors of the bank had been published since the time when he was an officer and director and that he supposed that when the reporter for the New York papers called at the back and asked for a list of the directors one of those old cards was given him without the correction being made.
The reporter asked Mr. Fitzgerald if he had anything to say regarding the arrest of Mr. Charles E. Selover yesterday, and he replied, why Mr. Selover is no more guilty of any fraud in connection with this bank than you are. No one thinks he is. No one is accused of taking any money there except President Blaut. The trouble with Mr. Selover is the sin of omission, for which the law now imposes severe penalties. The board of directors did not keep as sharp a watch as they should have done upon the doings of the president of the bank, and for this all the directors are held equally responsible. Mr. Selover was arrested in Passaic, N. J., and refuses to go into New York state without requisition papers.
Broke His Collar Bone.
Mr. James S. Squires started this morning to go to Oswego on the 6 o'clock train to attend the meeting of the State Baptist association. He was a little late in getting down to the station and the train had already started when he reached the tracks. He hurried down the north side of Railroad-st. and let the first cars go by him, thinking to spring upon the last platform, as being the safest place to board a moving train. But by the time that car reached him the train had considerable headway. Mr. Squires tried to jump on but missed his hold and was thrown headlong in the ditch beside the track. He was assisted to his feet and refused to have a carriage called to take him home, saying he was all right. But on the way home he complained of his shoulder.
Soon after reaching the house Dr. Reese was called and found he had broken his collar bone. The fractured bone was set, and Mr. Squires was out on the street again during the course of the forenoon, but he will not again for some time try to board a rapidly moving train. It was strange and exceedingly fortunate that he was hurt no worse.
◘ Consolation—Says Matthew Marshall in the New York Sun: "This wintry financial weather which now prevails must as certainly, sooner or later, yield first to spring and then to summer as the earth revolves around the sun. Unless the whole system of the universe changes we shall in a comparatively brief period be again in the full tide of returning prosperity."
◘ The millionaires have succeeded in getting over the real estate tax by the shrewd expedient of not owning much real estate in localities where the tax on such property is highest. Nobody can blame them really. We would do exactly the same thing ourselves if we were millionaires, you know. But the congressional wind now seems to be blowing in the direction of an income tax. Congressmen who are not millionaires will argue that men who have made large fortunes under this great and glorious government should now come forward, and should be made to come forward whether they will or not, and pay an income tax to help support that government when the import duties no longer suffice to do so. That newly baptized Populist, Representative Bryan of Nebraska, says he has been studying the subject with a view to preparing an income tax bill.
◘ Instead of covering the dome of the new national library building at Washington with pure gold gilding now when gold is so scarce, why do not the authorities have it covered with the metal of the future—the pure, dazzling white aluminium? It would shine like the stars in glory for a generation, without a breath of tarnish or need of being reburnished.
Getting Rid of Soft Coal Smoke.
Apparently the workers for the abatement of the soft coal smoke nuisance have found a new way of approach toward the object of their attack. They have taken a leaf out of the history of the discovery of natural gas. When gas was introduced into Pittsburg, that city, which had been the smokiest in the union, suddenly became cleaner than either Cincinnati or Chicago. The next step was the reflection: If gas which gushes out of the earth can work such a change as this, why cannot gas be manufactured that will do equally well? And on that phase of the problem the reformers are now working.
Smoke consuming patents have been tried till money, patience and hope are alike exhausted. They have been mostly abandoned. Even where one seemed to promise anything it was impossible to find anybody not steeped in stupidity to regulate it. In Chicago many private individuals burn hard coal, though it is at once more expensive and more difficult to manage. But it has now been certainly found that the real way to consume smoke is not to make it at all, but to use gas instead of coal for all purposes.
Gas is becoming cheaper constantly. It is to the interests of gas companies to furnish it as cheaply as it can be made, in order to have it used for both heating and illuminating purposes. It will pay them to do this. Either a cheap fuel gas might perhaps be made, or burners invented which would cause ordinary illuminating gas to be consumed slowly with great heat, little flame and no soot at all. Make gas for fuel cheap enough, and everybody will be only too glad to use it.
A Morsel for Taxpayers.
Do the taxpayers of Cortland county know that the Democratic party, the party of undivided power and responsibility, has increased the state taxes from $5,196,666 in 1891 to $10,418,192 in 1893, notwithstanding the fact the corporation and other indirect taxes have risen from $2,462,326 in 1891 to $5,101,704 in 1893?
The total State taxes, direct and indirect, for 1891, amounted to $7,658,993, and in 1893 they amount to $15,519,896. The increase in Cortland and adjoining counties over the taxes of 1892, which was a large increase over 1891, is:
In this way the figures run on until the total direct taxation is increased from $7,784,848 last year to $10,418,192 this year.
This increase, as the Binghamton Republican truthfully says, is the result of undivided Democratic responsibility which has piled up taxation in New York City beyond the comprehension of the mathematicians of the district schools, and is taxing Brooklyn until the taxes are all the liens the property will stand, and capitalists refuse to advance money upon real estate mortgages.
Do the farmers of Cortland county want their farms mortgaged in the same way to their full value, to the tax collectors? If they are to prevent it they will have to go to the polls and overthrow Tammany government at Albany.
Mr. Geo. Knobel and his sister, Mrs. Anna Rapp of Syracuse are the guests of their brother, Thos. Knobel, on Cayuga-st.
Henry Nixon has been appointed superintendent of the Homer water works. He will soon move into the house belonging to the company on the corner of West-st. and Hudson-st. Mr. Nixon has lived in town a number of years, having been employed as engineer at the Wire Fabric Co. Mr. Isaac Truax, whose place Mr. Nixon takes, will be employed at the head office of the company in New York.
Mr. Augustus Kingsbury started for the [Chicago World’s] Fair very unexpectedly yesterday morning. He did not intend to go half an hour before train time, but meeting Mr. C. O. Newton, who was on his way to the train he joined him and started.
Mr. David English has been employed by Thos. Knobel in his popular barber shop. Mr. English has worked in the best barber shops in Cortland and Mr. Knobel is to be congratulated in getting so good a barber. Mr. William Potter continues in Mr. Knobel's employ.
The W. C. T. U. will meet next Tuesday with Mrs. Cicero Phelps on Fulton-st.
The Fair Perpetuated.
Probably very few visitors to the World's Fair have not expressed sorrow at the thought that that vision of beauty on the shores of Lake Michigan was so soon to vanish utterly and forever. This thought has been the one sad thing about the Fair. It will be a pleasure to many, therefore, to learn that Hubert Howe Bancroft, the famous historian, has begun the publication, in twenty-five parts, at one dollar each, of what he styles "The Book of the Fair, an Historical and Descriptive Presentation of the World's Science, Art and Industry, as Viewed through the Columbian Exposition at Chicago in 1893," which will perpetuate as far as ink and paper can the memories of the great Fair.
The book will be one of the most elegantly printed and illustrated works which have ever come from an American press, and the fame of its author assures its accuracy and historic value. Three parts are already published, and give guaranty of the excellence of those to follow.
Part I, after the preface, gives a brief history of fairs of the past, with many engravings illustrating them, besides quite a number of views of various parts of the Columbian Exposition. Then follows an historical sketch of Chicago. Chapter 3d gives an account of the "Evolution of the Columbian Exposition,'' and is continued through a portion of Part II. It shows the growth of the various buildings and is full of interest. Chapter 4, Part II, treats of "The Site, the Plan and the Artificers" and contains cuts of remarkable beauty. Chapter 5 deals with the "Exposition Management, Congress Auxiliary and Finances." Chapter 6, Part III, describes occurrences from the dedication to the opening, including the naval review at New York, and is profusely and elegantly illustrated. Chapter 7, Part III, takes up the government and administration departments, and every page is beautified with engravings of objects of interest.
The work is published by "The Bancroft company, Auditorium building, Chicago, Ill.," and the agent who secures control of it for any locality can hardly fail to make a handsome profit. It is being most emphatically and enthusiastically praised by the press from the Atlantic to the Pacific, and will fill a place as a history of the great fair which will be occupied by no other publication.
CLOSING OF THE FAIR.
An Appropriate Program Arranged for the Final Day.
CHICAGO, Oct. 25.—The committee on ceremonies has completed the program for Oct. 30, incidental to the closing of the fair.
It suggests that a national salute of 31 guns be fired at sunrise, noonday and sunset. The Liberty bell will be tolled at sunset also.
At 1:30 a. m. there will be a representation of the landing of Columbus to take place on the lake front.
Fireworks will be fired from various points within the grounds. Following this a monster band concert will be given on the administration plaza.
In the evening there will be a brilliant illumination of the buildings and grounds, concluding with a grand display of fireworks on the lake front and court of honor.
The program will include the presentation of awards, which have been submitted to and approved by the commission, to American exhibitors, remarks by the president of the exposition, "Auld Lang Syne," sung by the audience, and benediction.
President Higinbotham yesterday gave a luncheon to the newspaper workers at the fair.
—Samp and milk to-night at W. C. T. U. rooms from 5 to 8 o'clock.
—At a recent meeting of the Cortland city band, Mr. E. G. Blair was elected secretary and treasurer.
—The Young Ladies' Mission circle of the First M. E. church will hold a social in the church parlors Wednesday evening, Oct. 24.
—A special meeting of the Ladies' Auxiliary of the Y. M. C. A. will be held Thursday, Oct. 26, at 3 P. M. A full attendance is desired.
—A bay mare hitched to a buggy was found on the road to Virgil Sunday morning. They still remain uncalled for in the hands of Sheriff Miller.
—The grand jury were expected to report about 4 o'clock this afternoon. A report of their findings will be given in full in to-morrow's STANDARD.
—There will be a regular convocation of Cortland Chapter, No. 194, Royal Arch Masons, this evening at 8 o'clock, at their rooms in the new Masonic hall.
—The public schools of Waterloo were yesterday closed by the board of health on account of the prevalence of diphtheria in town and among the school children.
—The St. Andrew's Brothers of Moravia, are making arrangements with the City band to give a concert for the benefit of the St. Matthew's church building fund,
—An extra panel of one hundred jurors has been drawn in Onondaga county for the trial of the Wilson brothers, the murderers of Detective James Harvey of Syracuse. The court sits next Monday morning.
—Notification has been received by the board of United States civil service examiners that the following persons who took the civil service examination held on August 5 last, passed the examination at the required average and are eligible for appointment to the grade for which such examination was taken, E. H. Toomey, Patrick Conway, Vincent M. Couch, John Drake and William E. Martin.
—The Oxford cushion tire bicycle, belonging to little Raymond Campbell, son of Rev. and Mrs. D. D. Campbell, which was stolen from the parsonage barn last Sunday evening, was found yesterday at the rear of the First M. E. Church. Dr. Campbell said that he thought the account in Saturday evening's STANDARD frightened the thief into returning the machine. Little Raymond was glad that it was returned although it was considerably damaged.
—A young man in Norwich was decoyed out of town Sunday evening on the plea that his brother had fallen from a tree while chestnutting and had been severely injured and needed his assistance. While in a lonely place on the way to the house, where his brother was said to be, he was sandbagged by two men, gagged and robbed of $57 and his watch. As the thieves were leaving one said "The watch would be a dead give away," and it was returned to his pocket. There is no clue to the highwaymen.
—Miss Maggie Force gave an exceedingly pleasant progressive whist party last evening at her home on Tompkins-st., to twenty-eight of her lady and gentleman friends. Delicious refreshments were served by Griffith in his usual excellent style. The lady's prize, a blue silk purse, was taken by Mrs. T. H. Wickwire and the gentleman's prize, a silver satchel bag, by Mr. Fitz Boynton. The lady's "booby" prize, a package of candy done up in silk, went to Miss Ella Lobdell and the gentleman's, a 10 cent piece and silver scarf pin (dime-and-pin) along with several pounds of twine and paper enclosing them, went to Mr. Jas. H. Turner.