Show A BIG AU FAILURE F Mercantile Establishment of Richfield Closes its is Doors Louis Jacobs of Sauna Salna Assignee Resources J Special Sp to tho tine News Richfield R held Utah Jan There was wasa wasIL n a IL I big sensation In tn business circles In inn Inthis this city at al 5 6 lust last night at nt which hour Mur the M 21 S Mercantile establishment filed tel articles ot of f assign assignment u ment In the of at the county record recorder er Ar lr Louis Jacobs Jac b of Sauna h Ia I named ns S the tine assignee and und the thc resources s of or ho h firm are arc given as ns and tine tha liabilities ties te nl The company was WC the largest concern of hits kind In southern Utah and quite tulto generally supposed to 10 be bl firmly established Its founders canoe cume here a n few years ago aJo with wll practically I nothing anti and up a I prosperous and business It Is understood however oever that the company compan Invested In too heavily last lut summer In minIng min mining nm ing lug a fact that brought about thu tine embarrassment that resulted In Its I 1 failure For some lome time past pnat It U is li lall ald ad to have bave been running on borrowed money mono at nt a 1 rate of Interest that pre pro vented entel It trout from meshing meeting Its s other press pres ing obligations The principal Utah creditors ore are Iari Millinery Co to Salt Sni Lake UI M olin Cohn Bras Dros 1108 Salt Lake ke Siegel Clothing Co Salt Snit Lake 1494 M Kahn Bros tr s Salt Snit Lake Lako MO tOO F p I Auerbach A Bros Salt Lake WJ f nos m Thos Salt Sal Lake 30 Co Loins Lake Ll 1600 Hammond Packing Tacking Co o 0 Salt Lake 10 Wood Grocer Co Salt felt Sl take Lake Ii i Drug Lake rake fiS tS Fait talt talt Lake Candy Co 8 lt Lake 75 73 continental Oil 01 Co 0 Salt L Lk Lak k JO Moser Mose Salt Malt Mal Lake M 69 N Y a ft Utah Paper In er Co Suit Salt Lalu IS J J John hn Ol n 1203 I 1 U S 8 Biscuit Co Ogden r 29 In Inn addition to tho the inhere above the tho company owed Hyrum HY m Colby Colb of or Vermillon Utah Lath on A promissory lrI or note sal and f f P Tilton Tion of Provo COO C also 1110 guarantee by bt bya a promissory note The h assignee Mr Mc Ir Jacobs I ii a in I well wel Known kow merchant He Ue li is now nov In tuft full ful charge of ot tho tino th U ont and nn credit ors ore are being belli notified There hure ore ale al a large lange number of these the In inn II tints east ant 1 OF OP B fl Gt CO Peter leter leter B 9 Greco areco of thin city wino who U is Il a I tinsmith by b occupation hut who thi car cam ht tied led In itt II addition to 10 tine the products of t his hla labor a Il Stock of stoves hur tInS tin tn ware tare glassware nd produce rodl made 11 an al assignment for tOI the benefit ot of hl inks ll cred Tuesday Tho assets of his mis bins bUil noun mieNs neli ore are given at as a follows folo Store build log Ing Int WO I iO O stock Mock of USO book no counts 1 making a n total of ot 5 Ills His are in as I follows Salt Sni Hardware company n W tI 4 41 Hoock Francis Western Plow Company J S 26 I Utah Stove Stave and hardware company Andrew Brown of Monroe Monoe S 2 and Homo Fire Insurance Ind HOllo company of Utah 2410 40 making the tine total liabilities G GS He lie has iii named Ogden n merchant of Richfield ns as anti and Int I makes malIce no inn 1 preferred creditors ore |