Rensselaer Journal, Volume 11, Number 4, Rensselaer, Jasper County, 4 July 1901 — Marquand & Co. Foroed to Walt. [ARTICLE]

Marquand & Co. Foroed to Walt.

Henry Marquand & Co., bankers and brokers of New York, have made a general assignment for the benefit of creditors. Frank Sullivan Smith, a lawyer, was named as the assignee, and Henry W. Taft of the firm of Strong and Cadwalader, a son of Judge Taft of Ohio, chairman of the Philippine commission, was chosen as the assignee’s attorney. Unofficial information was to the effect that the liabilities would be not far from $8,000,000, of which amount $6,000,000 was said to be due to banks, trust companies and other creditors, and $2,000,000 to Henry G. Marquand, father of the senior member of the firin.