Show PHIL MARGETTS BANKRUPT OLDTIME MERCHANT MAKES VOLUNTARY APPLICATION Assets it is Claimed are Somewhat in Excess of Liabilities Saloon Closed Yesterday Morning Phil Margetls lie oldlime liquor dealer and at one lime generally considered con-sidered lo be wealthy yesterday made application to be declared n bankrupt lie shows that his liabilities arc 4160 and that his assets amount to S3109 ills heaviest creditor is the Middlesex Uanklng company represented here by v H Dale Mr Margolin has been in the wine and liquor business for over twenty years past save for a very short lime lie onned considerable property at the t ilmc of the boom and like many an oiher made eernl Investments that afterward proved to be very Injudl oious lie 1 1 hits many friends who will bo SUITV to hear thai he has found it necessary to lake this step Mr Margfltss latest venture the Bn loon at 55 West First South street Was closed yesterday |