Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1889-07-18
THE rRHArFAILuAE.
How tits Viewed i'm Georgetown-a
Hope That the Works w,u bv n ept
in Motion, Whether Trcas Re-
mains nj she Helm, 0r Nne

mains at the Helm, or Nat.
Star Correspondence Of Gazette and Journal
GEoRoErowN, July 1.-The failure of
Charles II. Treat, or the action of the
Farmers Bank in pressing its judgments
to the extent of closing up the estah lish.
ment OF the O. II. Treat Manu- featuring
Company, is the talk Of Georgetown to.
day. Public opinion is divided, for
while many defend the action OF the
bank in taking the necessary legal pro.
Get dings TO protect its claim, there are
many others who insist that the store and
mandatory of the @. Il. Treat Manu-
featuring Company were of such value
and Importance to the town, as means OF
employing labor and circulating money
among the business community, that no
steps should have been taken that won ID
have resulted in closing 'hess establish.
ments aud suppressiug the impstus that
1t was claimed they impaired to the gen
eral business OF the community.
For years past IL has been known that
Charles h Treat aud the vsrious bust.
ness concerns that stood behind his
name were in desperate financial straits.
Ever since be moved his apparently SUE
cessful establishment from Ffanktord to
Georgetown and hrsnched out iato the
stupendous operations that resulted in
his present financial downfall, his pre-.
carious business standing has been q
matter OF public comment But some
how or other, he managed to smooth over
pending difficulties and keep hi, head
above water. He was the active manaR, r
of three concerns: The Charles II Treat
Manufacturing Company, the Sussex
Manufacturing Company and the tirrn OF
Charles Fl. Treat & Company. In times
OF sore duancial trouble one concern was
made to help the other, and it is not
necessary to give in detail the means by
which this result was accomplished III
the FIRST place, Mr.. Treat is a man
OF indomitaDle energy, aud with
these three irons in the fre it
was no trouble for him to
blow vigorously upon the bellows and
heat one iron to its greatest extent even
while the others were gradually tut
surely cooling in the embers OF financial
advarsity. But this thing could not for.
ever continue, and his mainsp'i ns OF
business was broken when the Farmers'
Bank, after carrying his paper to tho II
tent of S3a 900 for years, suddanly closed
Its grasp on Tuesday last, aud sent ex.
Sheriff Purnell with an ex-ou ion that
shut down the big factory near the rail
road depot aud stopped the run OF patron
age that had been enjoyed by the Treat
general store.
To appreciate the diff ulties under
which MIR. Treats various concerns
labored. 1t may be stated that the records
OF the Sussex county prothonotary show
that between September 2tst, 1855, and
April 10th, 1887 Judgments were en-
tered against Charles II. Treat and his
various COMPANIES amounting to over
$1O2 0OO. U this amount the Farmers
Band held seen ed claims amounting 70
63l 800, while II. B Olsfllu Il 90. Of
New York followed with judgments fol
$50 600, and Elisha w. Oannon of Sea
ford came next with a precautions claim
OF $1,000. The banks olaims possessed
the merit of priority aud OF course every
body else held back to see what this los /
tuition would do. Now, IL has foreclosed
and ex Sheriff Purnell, at its instance
levied upon tue store and factory Of
the Charles H. Treat Manufacturing
Company on Tuesday morning last, il
order 10 satisfy the hanks clam. Th,
store was soon closed, and number Of
people who held orders on the es ablish
ment, and who had received an early in
timation OF the action that had beer
taken, made such q decided rush upoI
the store in order to have their OF der
converted into appreciable goods, tina
the doors were speedily closed to pre-
serve q sem blance OF security for tn,
Judgment creditors. The factory was al
lowed to continue, and will be kept il
L., -
jeot offnltiiling profitable orders for good
now on hand. but the profts OF tuest
operations will come to the bank, undei
whose execution the establishment WA
levied upon, and which institution vii
have the FIRST claim upon future profit
of the defunct CONCERN. ] he directors a
the bank will meet tomorrow tEriday
morning, for the purpose Of deuidin,
what course TO pursue. NJ. Trest ia no
in town o.night; he went to New YOt OF
Tuesday and has not yet returned. Their
are rumors that despite the Idgmunt
against q. Il. Treat & Company and thu
O. H. Treat Misunderstanding Company bt
can still fail back upon the Sussex Mann
featuring Company and pull hase!
through. 1t Is CLAIMED that If lie sue
ceeds in getting sufficient tinanclnl bac (
Ing in New YORK and th- frm o; Il. 3
olahln d. 90, alone Of that city has
judgment against mis- conc rms for 80,
tUO, which can only be made good i
keeping Treat in the swini) he can bs
come, through the Sussex Mnnutacturiu
Company, = purchaser Of lis prlngip8
Geo getown esta allsnmeut and Keep ii
works gong 10 this town. What the re
suit will be however, canuut BIO dyte
mined until MIR. Treat return aud III
action Of the bank directors, at to-mo
rows meeting IL clHde known. Ntll
nobody seems to donot that il sale
forced MIR. Treat will come ia "a pm
chs1er, and with money enough Ia pl
on the claims under whom the SAFE
ordered; will be muster Ct the sin VIC
and hold the fort unless future d tt3u
ties force him TO the wall again.
AS rule, Georgetown people want Il
arrangements to b. snch that the wOrl
will be continued in operation In
business sense the Trr8t esrabltb men
OF the town. At prestn', Including tho
who furnish the wood tnat 10 used
well ~ those who work i. up Into Il
crates, paskets and PLAQUES mania
tured at the works, Treats es,RhisLnr
gives employment to between gao and 8
people. These employees, as is v,
known, were paid OF 10 he ratio
about onethird cesu snd two. tAir
orders on C. Fl. Treat & 0ompany's &c
erRl store, bnt still there Was cash pa
payments pnt . good dat o. mon
ia c.rcuiMion, to say nothing
the additional bep,ti. defiy
by the business community III
cashiug the Trsst ord-ta at fright.
discount to those who held hem. In
word the Treat estHo ishment4 have b.
considered the business LIE Of the toS
and there are plenty OF people here "
hope TO see them continue, even II t.