Delaware gazette. [volume] (Delaware, Ohio) 1855-1886, 1859-09-30

About the close of the late season of thi
Ohio White Sulpur Springs, it was rumoret
that the proprietor, ANDREW WILSON, Jr. haG
failed. The rumor it seems was well founded
and the many friends of Mr.. w. in this coun
ty deeply regret that the result of his great en-
terprise in purchasing the Springs and fitting
the property up in the superior style he did
should have proved so disastrous an enterprise
We copy the following notices of the failure
from a Cincinnati paper:
Failure of Wilson & studebaker, the
great zog Buying Fsrnts
We regret to hear of the failure of MessrS.
| Wilson & Studebaker, and also of Andrew
Wilson, Jr., the senior member Of the firm
The former have been dealing extensively in
, hogs, and in this business they were quite sue
tessful but heavy investments made in the
Ohio While Sulphur Springs property by Mr..
Wilson, who, with the consent of his partner,
used the firm paper to a lage extent, brought
about the embarrassment, which has resulted
as stated. The outstanding liabilities of W. q
S. unproyided for, areabout $4,000, and those
of 4. Wilson, Jr., $4,000 to S30;O0J-togeth-
er, say 100000 The amount of money used
in improving the Springs, we understand, was
near SI40,000. Mr.. Wilson expected to dis
pose of stock in that establishment to an ex-
tent sufficient, with the seasoiis profits, to
take care Of the paper used iii making the
improvements, but in his stock arrangements
he was disappointed He :hcn adopted the
plan of issuing bonds to the amount of $780,
900, but although he has received a fair degree
of encouragement in this movement, he has
not had time to complete tire project, and he
has consequently been forced to yield tenpo=
rarily, to the pressure The seasons business
at the Springs was satisfactory, and MI. VIII
son feels confident, that With the Indulgence of
his creditors and the aid Of kis friends, who are
disposed to assist him in sustaining the great
enterprise he has undertaken, ia providing a
first class watering place in our State, that he |
will be able to work successfully through. lie
is a man of great energy, and we have no
doubf he will overcome the difficulties that sur !
round HIN at present. The assets of the itar< !!
ties are ample, and all that is asked of treti-
is time. Mr.. Wilson has the sym,sathies
of the public generally. 1t is proper to state
here, that his failure does not affect the heuse
of Andrew Wilson & Co. And We may also
say, that it is the intention to have the Springs
maintained upon a popular basis.
FURTHER CONCERNING THE FAILURE OF
MEssRs. WILSON & STUDEBAKER.-We made
a mention, yesterday, of the failure of Messrs.
Wilson 81 Studebaker, the former of whom is
the well known and popular proprietor of the
Ohio White Sulphur Springs, but omitted to
fully state the cause. 1t seems that the firm of
w. & s. were, and DOUBTLESS would have re
manned in a solvent condition, had not AIR.
Wilson, with the full appreciation of MS part
her, Withdrawn from Their assets 4 large stm
of money, and given the firms paper payable
TO q considerable amount, for the purchase affd
improvement OF the Springs. Mr.. Wilson,
having expended a large amount, over one hum
dred and forty thousand dollars, in lands and
buildings, and in ornamenting the grounds,
felt quite confident he would be able to nego-
about one hundred thousand dollars, in
bonds, secured by mortgage on the entire prem
ises. Ifad he been able to do this, the firm
would not, as we have said, have suspended
the friends of Mr.. Wilson, who are very
will regret that his great efforts to
build up one of the finest watering places in
the country, for health, comfort and luxury,
should have resulted so disastrouslf TO himself
self, but we still have hope he will lie able TO
n~egotiate the bonds to the extent referred to,
and that parties who are able to take them will
not hesitate to do so. The bonds will he is
sued in sums of 500. and the plan proposed
by Mr.. Wilson for their ~rcdemptio;i is such
the whole will be paid back, in INSTALL
ments; within five years-Cin Enquirer.