Salt Lake Herald | 1900-12-27 | Page 2 | Iron Manufacturer Fails

IRON MANUFACTURER FAILS Big Pennsylvania Concern Goes Into a Receivership Philadelphia P Pa Dec 26 Judge Mc McPherson Thereon Pherson in the United States district court today appointed John N M Shinier end and William P receivers in bank bankruptcy of C R B Baird Co operating iron furnaces Counsel for creditors rep representing representing resenting about of stated that the business would probably be re reorganized organized The concerns controlled by Baird are the Elmira Steel company Elmira N NY NY Y Cumberland Nail Iron Works Bridgeton N J Fullerton Rolling Mills Ferndale Pa Rolling Boiling Mills Pa Iron company Philadelphia Danville Roiling Mill Dan Danville ville vilie Pa Roanoke Rolling Alia Roanoke Va and blast fur es ac a Emperia Pa Roanoke and Iron Va The failure is d to the heavy decline in the price o iron during durin the thelast thelast last year and occasioned no surprise in inthe Inthe the trade Mr Baird aird Issued a circular outlining a plan for reorganization and stating that if the properties or assets are not brought to a forced or hurried sale the company will he lie believes believe be beable beable able to pay its debts in full with interest