The End of an Institution

Proceedings were instituted yesterday for the dissolution of the well-known firm of Boyd & Poncin. It is but proper to say that this is not the result of any financial pressure, as the assets are very largely in excess of all liabilities. It will be a matter of general regret that the gentlemen composing the firm have determined to close out their business, as the 'Arcade' has grown to be one of the institutions of Puget Sound, and has long afforded a forcible example of what may be accomplished in this country by energy and industry. Messrs. Boyd & Poncin engaged in business here a few years ago with limited capital and dependent entirely upon their own resources. Mr. Boyd superintended the sales in the store, and Mr. Poncin had charge of the finances and general direction of the business policy and management of the firm. Both have labored faithfully for the common interest, and that their work has been well done is abundantly shown by the condition of the firm today. In a comparatively short time and in the face of a powerful competition, they have acquired a fine property, including the elegant building they now occupy, and have taken rank as one of the leading dry goods houses in Western Washington.