Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1890-12-12
THE MEANWHILE BANKERS AS
SIGN TO A NOTED LAW FIRH
OF THAT PLACE.
Judgments Are Entered Against the
Firm for Sl15,0OO.

have created greater degree Of
excitement than the announcement
this morning that Delamater Il Co.,
had made an assignment for the
benefit of their creditors. As early
as I o'clock the rumor of the as
signment was on the streets and
spread like wildfire.
Not few treated the matter rs a
huge joke and some even offered to
wager large sums of money that the
story was without foundation.
When the hour of 8 O'Clock arrived
number of men stood ut Water and
Chestnut streets and all eyes were
turned toward tie door of the Della
mater banking house. Anxiety be-
came intense, and when the bank
door did not open as usual it dawned
upon the minds of many that the
rumor was true. Soon after 8
O'Clock the following notice was
posted on the window on the Chest
nut street side. of the bank:
Bank closed. Delamater q Co.,
have made an assignment for benefit
of creditors.
V. NJ. DELAMATER, Cashier.
Dec. 5. 1890.
COMPOSITION OF TEE FIRM.
The firm of Delamater " Co.,
bankers, is composed of George B.,
George W. and t. A. DelaInater.
The assignment was made to Geo.
w. Haskins and John O. McClin-
took, composing the law firm of
Haskins & McClintock. Each of
the members of the firm also makes
an individual assignment, covering
all their property real and personal.
Prior TO the assignment judg-
ments were entered against the firm
and the individual members for
$4,000. OF these judgments
$4,000 is in favor of the sMer-
chants National Banks for redis-
counts. That is, the Merchants
National mas taken SAC, 900 OF the
best paper of the firm OF Delamater
& Co., and rediscounted it. The
same bank has also entered judg-
ment for $21, 800 against the bank
ing firm, 81, 200 against the father
and L. A. Delamater, and $4,000
against George Wallace Delamater.
There is also $4,000 entered
against the firm by the Senator's
brothcr-in.law, Thomas S. McF'ar-
land, and $4,000 against the firm
by the Senator's wife, Mrs. Mary
Delamater. Other small judgments
bring the total amount up to the
sum named. There are also Judg.
ments against Victor NJ. Delanater,
younger son, who was cashier ot
the bank, but not member OF the
banking firm.
The president of the firm is
George Wallace Delamater, late Re-
publican candidate for Governor.
He is also director OF the Mer'
chants National Bank, Of Meadville
president of the company and owh-
er of the controlling interest in the
Meadville and Linesvllle Railroad,
president of the Meadville Fuel Gas
Company and connected with other
local enterprises. 1t is known thai
Delamater & Co. were bondsnen
for County Treasurer FL. M. Miller
and James L. Swickard, treasurer OF
the Board of Control of the Public
Schools, and that the county funds,
$4,000, and the school funds are
deposited in their bank.
COUNTY AND STATE MONEY IN
VoLVED.
Under the circumstances it is
likely the county will have no more
chance than a general creditor. The
State has abont $4,000 on deposit
with the Delamaters, but it is said
that the bond of security will pre-
vent any great loss. No officla
statement ofthe liabilities has beer
r. ade, but an outside estimate places
she deposits at 100000 and the