The Maritime History of the Great Lakes
Detroit Free Press (Detroit, MI), Aug. 29, 1894

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In The Hands of a Receiver

Chicago, June 24. - The Columbian Navigation Company went into the hands of a receiver to-day on application of the owners of the Chief Justice Waite. The company's liabilities, mostly owing to the boats chartered for it's world's fair service, will exceed $15,000, while its assets are nominal. So far as can be learned there was never any money in the enterprise, to speak of, the whole thing being run on the wind. The steamer Newsboy, which was chartered by the World's Fair Excursion and Transportation Boat Company, another wind concern, left secretly for Detroit, with a large number of unpaid bills behind. That company collapsed a week ago and the creditors have been unable to find anything. The Newsboy's attorneys state that the supply men were warned not to furnish provisions and coal on the liability of the boat, and they must now look to the company for their pay.

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Aug. 29, 1894
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Dave Swayze
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Public domain: Copyright has expired according to the applicable Canadian or American laws. No restrictions on use.
Maritime History of the Great Lakes
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Detroit Free Press (Detroit, MI), Aug. 29, 1894