Disastrous Failures At Bay City

The vvell-known luruber firm oí Alfred Mosher & Son. of Bay City, have given mortgages covering their extensivo business amounting to over (300,000, and their total liabilities are about. srno.OOO. Their faüure carried down Alvin Maltby, another lumberman. who has given mortgaares amounting to about $65,000. The failures of these two concerns have made a decided sensation throughout the state. The Moshers have bought heavily during the past three years and with a heavy shrinkage of values have been unable to realize on investments. Heavy investments in Washington timber, where thty are also interested in a fine lumber plant, have not proved pron'table and this has helped to drag them down.