The daily gazette., 1882-11-07
roo MANY IRONS.

taIlure of Philadeiphia
hc1' '', aver Hall a Million LiRbiii-
/ fuo,5elnbIa the failure OF William
lA',ac ,sa reputed owner OF the Hero
U Wv and the moving spirit In sew
4 NUoy,ensiye NUo concerns, became pub
olns, l,'n - Yesterday. His liabilities are
N"JI .oI al from threc-quarters TO niiiioh
A"' ~. assets are uncertain, but u IS
hat the glass works alone are
aEg .,oa ,I foO He was believed for some
s"y. !" SG in Il shaky condition, and the
4 " sh,s hraak down was not surprise
a. Sn,incs, .,u community. He made an
nsn, uS Tor the benefit OF creditors TO
u" Y Evans. President Of the sun Fire
Dac, Company, of 436 Walnut street,
ia,nbia , on saturday, but the matter
.ni nriet until yesterday. Mr.. Evans
|n5iilor to large amount.
a.. G his interest In the glass works,
Nh mart owner in two rolling mills
w "~ ore mines at Phillipsburg, n. j.,
,nos in North Carolina and has an
I Y, N The Empire Drying and Color
rat Twenty second street aud the
az a." ;ailroad, and in Mears' clilorinating
y .ior extracting gold from ore.
4 gIas, works are said to have been i'm
sy protltable, and Leavitt's failure is
\ n losses in the other concerns. He
4, in the glats works in 1876, when
Torc sold out by the Sheriff as the
syof s. B. ROwley, Of whom Leavitt
I;rre creditor The works were for
rup by $. B. Rowlcy, who failed first
Ne obtained an extension of time,
r,r and managed to keep ON his feet
bc latter part OF 1875, when his obli-
i overwhelmed him, resulting In his
n,e failure and adjudgneDt as a bank
II Rowleys acquaintance with the trade
Eiie and influential, and Leavitt offered
arce Inducements TO connect himself
Wilb the glass works, which Leavitt
N uurro-ed to continue under their
lame Rowlev acted as a travelling
man. His efforts were extremely sue
His sales last year amounted to
5GO. The works employed 800 hands,
Mil. II is understood, be continued In
t0u.
kdrt, it is said, managed to keep him
float for months with the profits from
,pnled works, and was also enabled to
large credit upon the reputation
he generally had of being their sole
III, paper was readily bought, and
believed that it Is held In large
Ertb by many Third street note brokers.
son5mplatcd at one time forming a
company 10 take possession OF the
works. The scheme was
. ftlscd, but did not fructify.
= h and Rowley were to
principals. Frank Perry, the super
icnt at the glass works, and Common
GILMAN ftlIytr, the look keeper, were
& Ne an interest. Rowley claims, in a
equity which he filed yesterday, that
nc Of last year., having settled with
beditors and obtained a release from
n l.cayit accepted him as a partner,
aye him half interest In the concern.
Papers, however, it is said, though pre-
were lot signed Rowley asks court
n he appointment Of receiver and fol
uncion to restrain Leavitt from dis
G Il Of ihe half interest which he claims.
Eley Of late has been growing dissatls-
with the way in which affairs were
ne Tie thought that the outside con.
Tcrc drawing too heavily upon the
pes Of the glass works and he did moi
'l De cold way In which his claim as O
Hwas received.
tcs Nelson 7. Evans the names q
u. creditors have not yet come out
pnng Ganlen Bank, however, 1t 10 un
od, holds his paper for a large
tli. Lcayift lives in good style at 203;
twenty Second street and has also a
" house at Asbury Park. Both prop
loweyer, are in his wiic's name.
iN', declined to explain his failur
'f llan to say that his assets woul'
hm 70 meet his Indebtedness dolla
quar- He will contest in court Mr.
G claim to Il half interest In tn
upon the ground that the latter ha
70 comply with the conditions unde
he va to obtain possession.