Show BUSINESS FAILURE the words worda john E dooly and joseph joeeph E R geoghegan assignees 11 scrawling ly written and conspicuously on the front doors of 8 13 P tao aon av place of business at an early hour wednesday was the cause of the most profound sensation la isk business circles that was wae ever known antho in the history of this Terri territory it was the almost universal uni venal belief that that arm as aa a well known business man it to io bejosa ing the crash chaab later in the day was waa as solid and immovable an aa the beck of gibraltar the climax came suddenly and without a word of warning the employee of the house bouse last night returned to their homes never suspecting for a moment that this morning they would be denied admission to the store in which some ot of them had bad spent more than twenty years of their life but such was the case came and when the awful truth dawned upon them they were crushed with grief A representative of the NEWS went immediately to the store to interview mr with a view to obtaining direct from him a story ot of his financial troubles but the newspaperman was im informed formed that mr was at bis home and thither he be went only to bw be told that the gentleman was not mot in the city wednesday it was learned however from a reliable source that the assignment was entirely voluntary and that it was made only affet it was absolutely known that mr found it impossibly to longer carry the burden that was wae weighing him down primarily his troubles were due to the fact that he was unable to collect from men whom be bad trusted for merchandise some of thom them to the amount of many MADY thousands ot of dollars years ago in addition to that the hard times bore heavily upon him and he finally gave way to the strain naught but expressions of sympathy and kindness were board beard concerning mr today for he be has baa borne his bla burdens long and uncomplainingly what he braved and stood up under manfully not to say bay cheerfully for several years past would have caused the most courageous men to have given up the fight and gone to the wall essly early in the contest his struggles and their sequel have not left felt him without illde and tf if a uthe tithe of the aid as exeda him hinted gt today it will not be long before he will be able to resume business agin the firm ann la Is known extensively throughout the immediately surrounding states and in every town and ham nam let in utah it was the synonym of fair dealing ind and integrity its annual country trade was enormous and therein came a goodly portion of the trouble mr was a man of the people he had bad great faith in his follow fellow men and when he was approached and asked for credit by the man who was hard up his heart softened and his goods went but collections did not always follow during we the period of financial distress throughout the country cash payments Day ments became fewer and more difficult to enforce mr to is one of the oldest merchants in bait Salt lake city he opened his present establishment in june 1870 prior to that be belonged for a consi dable time to the firm of jennings jannings saddler A couple of years ago he be took into the firm with him as partners in the business his eal achs us albert D and frank B R who have since that time constantly been associated with him in conversation with mr dooly one of the assignees the latter stated to the man 1 I don dont donit it know a thing about it further than that I 1 have been made assignee and that the pressure diet did not come from utah the assignment papers were mod filed in the county recorders office today and while the figures are un tooted they hey show liabilities amounting to more than As to the assets said assignee dooly noman no man on earth can tell what they will amount to until an inventory has been taken |