People's Pilot, Volume 2, Number 44, Rensselaer, Jasper County, 21 April 1893 — SHORT OF CASH. [ARTICLE]

SHORT OF CASH.

Financial Difficulties of Reputed Millionaires—A. G. Fates, of Rochester, N. Y., Assigns Liabilities 81,000,000—H. H. Warner Is Involved. Rochester, N. Y., April 19.—The business community was surprised Monday to receive the news of the failure of H. H. Warner and A. G. Yates. Mr. Warner is the famous kidney cure man and Mr. Yates is a prominent coal man. He was one of the dealers recently tried for conspiracy. Two mortgages were filed in the county clerk’s office; both are held by the Bank of Monroe. The first covers the house of H. H. Warner on East avenue to the amount of SIOO,OOO. The second is a blanket mortgage on the estate of A. G. Yates to the same amount. Warner and Yates have indorsed each other’s paper heavily! Mr. Yates withdrew from the firm of Bell, Lewis & Yates, of Buffalo, Saturday, and his failure does not involve that firm. The ampunt'TjfvMr. Yates’ paper is nearly $1,000,000, of •which $400,000 is due to Rochester banks. Saturday Yates retired from the)firm of Bell, Lewis & Yates. /