 Hollins & Co., one of Wall Street's most highly regarded houses failed in debt of $5,000,000.The failure of the house was related to a number of issues including the Company letting their Stock Exchange business go adrift, paying more attention to floatation of new companies and to banking operations in addition to their expenses boring them down.After the news of the firm failure had spread through the financial district, Hollin's attorney's Beekman, Menken & Griscom released a press statement downplaying the collapse