The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1893-07-12
FAILURE Of Hon. J. N. pidcock.

TlueOck mas occasloned universal com
ment in all parts of the State. His large
business ventures, including enterprises
of huge proportions of different kinds
have now eliminated in financial failure.
His pluck and energy, heretofore always
successful in carrying him through, have
at last given way to stringent money
market and a panicky feeling that has
buried banks and moneycd institutions all
over the country. His railroad building,
North and South, his large lumber inter-
ests in Georgia, his numerous farms, to-
gether with his immense live stock trans
actions made him very large borrower.
The failure Of the Quitman Lumber Com
pany short time ago, gave such a scare
TO creditors that he found it impossible to
borrow longer or even TO renew obliga-
tions already In existence, hence the in
evitable has happened and he has gone to
the wall. 1t it said that he has very large
ly secured those who have endorsed his
paper by mortgages, conveyances, sc.
Our Hunterdon county records show
that on April 4, 1898, articles were made
Incorporating the Readington Land I'm
provcment Company, naming James N.
Pidcock, John f. Pdcock, James N. Pid-
cock, Jr., Charles N. Pidcock and Alvah
| A. Clark as incorporates, with capital
of 500, 200, divided into 1000 shares of
$50 each. The articles show that bust
ness was TO be commenced with 81 900,
being 90 shares Of $50 each, held as fol-
lows James N. Pidcock. 16 and each OF
the other incorporators l share. These
articles of incorporation were filed in the
Clerks office ON June %, 1898, and d
conveyance by James N. Pldcock and
wife of 81 tracts of land in Hunterdon
county is made TO this corporation (sub-
ject to mortgages) for nominal consider
a,ien. On May 90, 1898, Mr.. Pidcock
executed mortgage to John +. Pidcock,
James N. Pidcock, Jr., and Alvah A.
Clark for 500, 900 to secure endorsements,
as we'll as certain obligations held by them
respectively. This mortgage was received
for record July 9th, at o'clock A. M,
and the deed TO the corporation above
named was received for record July 9th,
7:30 A. NJ.
Those who have seen Mr.. Pidcock since
his failure say that he has lost none OF his
energy, aud tells them that no creditor
will lose any money by reason of his fail
ure. He proposes to 60 to work TO repair
his losses, and to keep his business push
as forccful as in the past. He says if
Charles Foster, whose failure caused such
sensation short time ago, can recuper-
ate losses that aggregate millions there is
no reason why he should give up In des-
pair. -Democrat-Adoert
The Trenton State Gazette says -
Two suits were commenced in the SUI
preme Court last Thursday against J.
Nelson Pidcock, the Democratic boss of
the Fourth Congressional district. One
suit was brought by Alvah A. Clark, a
lawyer, of Somervlle, who has acted as
counsel for Pidcock, and is on proms-
sorry note for $1,000, and the other was
brought by J. II. Pidcock, SOC of the
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S,x,h s,soo, 1o,.on C,,u I'LL Tln..,a,,
mnrr;no no annon.oo,on, oa,,aa5
Some oyc;,onon, ., ,ho s,ooL va,da .na
/, 10 feared Tho, tho f.;,,ro -, ,no ormo
will ;nno,uo ,ho ,a,,,,o :, 49,, .,,.,,
concerno Tho sho.n nd We, Conno,,,
10 bocked hv Mr. p,dooot and T NJ pid.
cock T. w;,lion pra,d, 80 Tron,,,n "a
President ~ Tho oomoonv
Tic li,bil,,;os w;,, oxcooa . ho,f m;,l;o,
dollars VIVA, tho .sse,o arc ia No,
tnown Tho oe,ooo o,s,ho oor,n.,,;oa 80
closed lanes N pidcock r. wedoes
dav. sold n large tract of land in Harrison
for s5 600.
According TO the statements of some
Mr. pidcock bas been sailing close 10
tho wind fur n long time. and II bas
been a surnrise to ,boao more intimate
with his business that climax had not
been reached before. II ia wbisnered
that II was only the success of himself and
nartv IN notifies that enabled him 10 keen
above the surface as long as he bos
,ew DAVIS aoo ,bore vss recordea ot
Flemino,on ipcornora,ion naners Of The
Readinotoo Land and Imnrovemon, 10
At Tho Same ,;ma tho ex cnrcressman
convovod hv deod n ,bo oomnonv al, ,ho
tho ,.nd ho ownod n u,n,ordon oo,n,v
A shor, ,;mo ho,ore ,h,o dood ord moor