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- New York Times; January 9, 1886, Wednesday
Death of W.H. Guion, Jr. By the death of Mr. W.H. Guion, Jr., on Thursday night, the firm of Guion Co., of New-York, the successors of the old house of Williams Guion, will terminate.
- Washington Post; Nov 14, 1889
How Mr. Guion met the ex-President on a Notable Occasion. Mr. William H. Guion; of New York, the head of the Guion Steamship Company, is at the Arlington. He is now in the seventies, but vigorous and bright. He was one of the escort which brought the remains of General Grant from Mount McGregor to New York.
- New York Times; January 20, 1884, Wednesday; Failure Of W.H. Guion; Making An Assignment Without Preferences. His Liabilities Estimated At Between $250,000 And $500,000. His Trouble Due To Helping His Friends. Mr. William H. Guion, who has been, since the death of Mr. John S. Williams in 1876, at the head of the firm of Williams Guion, agents of the Guion line of European steamers in this City, yesterday made an assignment without preferences to Avery T. Brown, a lawyer at No. 63 Wall-Street.
- New York Times; Jan 20, 1884
20, FAILURE OF W, H, GUION MAKING AN ASSIGNMENT WITH- OUT PREFERENCES. HIS LIABILITIES ESTIMATED AT BETWEEN TROUBLE DUE TO HELPDfO HIS FRIEMJS. Mr. William H. Guion, who has been, Eicce tho death of Mr. John S. Williams In 1BT8, at tho head of the firm of Williams Gulon, agents of tho Gulon line of European steamers In this City, yesterday made an assignment preferences to A very T. Brown, a law- yer at No. C3 Wall-street. Mr. Gulon's failure U purely a personal one. does not affect the company. In which he has not been financially Interested for some time. On JY.duy he withdrew from the flnn, which wus Immediately reorganized under the narao of Gulon i Co. The amount of his liabilities Is unknown, as Mr. Oulon has made no official statement of the condition of his arTilrs. Those gentlemen familiar with his business bay that his failure will be for between fcXO.OOj nnd SDOO 000, the probable amount being ibout 000 The failure was brought about Dy the rixvnt sharp declmo in grain, Mr. Gulon aailntr I'-on a "bull" operator In that com- modity. Tho failure created but little comment on W Oil-street, a.-, Mr. Oulon's financial standing had not ot the best, und hi-, paper had been nited low und had not been handled bv the lead- Inir dealers for time. Mr. Gimm's financial troubles date back to the panic of 1 T.I, when hi? eiatpjrraised. hitrh sense of honor i-ompelled him to declmu to take advantage of the bankruptcy uct at that time He Jiflared that he could nnd would re- cox or from his i mbtimissment and w ould pay his creators dollar lor dollar, bo much confidence win repi-rse-1 in him tit the time that he had no trouble in s'curing uii cite fision on Ins paper. Ileutonce went to work luorouslj to repair his dam igcd fortune- as best he could. Iho load hf then usaumifl proved tro heavy a burden when coupled with successive losses In a specula t ve Mr. Guion w.is well known ns an exception il'y amiable and liberal mail, and eucn w'a in a certflln way the victim of his friends He led into unwlic1 investments by there, lending hu tmmc und such credit Hi he had und olten his raciu s to their enterprises, in a lirge nuint-er ol wH.ch he hgurvd as an officer and Director. Fte WHS. iilso interested In several Ei' outs il of the (i-ulqn Line, which have i unprof taWc In ti eir carrying trade of Inte. It WH, stHtfd jfiterda} that eome of Mr. Guton's paper went to protest Ut days and that he nn extension but that he found himself unable to n.ett tlif-e oblifutions on their ma.- tuntv. with others soon to mature, and so made in j-rlgancnt of ull propertj. Mr. Urown. t'iu u-ilgrneo or Mr. Guion. Is a taw- ycr hiving an office at No. lU Wall-street. He Joclarccl jostc-rdaj that ho had not spoken with Mr. Gulon aLout the amount of his liabilities or h'-i lie though', l-owuver. that tht? re- ports Hoatinc iibout the Street were ercotly ex- unu'cnitctl When n-keil to u story that the In- iiebtcdne-3 of Mi Guiou was Mr. Brown thut he hud no Idea that it would rc-nch thut timire. 1 he a-octs, to far :LS he knew, coniiste I principally ot and he thought that thu fiabrac J but very litrlo real estate1. "I don't he continued, "what has caused the failure, but knowing Mr. Guion as I do, I amaginc 1 e has LCTI helping his frljnds too fnclv I hu.inl of certain persons who havo borrowed of him .u.d hdAc1 failed to meet their eniraiL-ments Me lent money ei ily. at titles without M.t_uuty and often inking collateral tlmt pi 01 dl 'ihc failure is a clean and borcM on. and the assignment is lor tho benent of ull no prclertnee to un} bojy Mr Gu on v at the office of the illiums Guiou Lint1, No. J9
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