Evening journal., 1894-01-12

Margaret X. BrinEhurst's Claim IL s3B,-
27s and the Newport National Bank
wants TO Recover s15.50O-ons Of the
Largest Rolling Mills In the state.
The Marshallton Iron Works went into
the hands Of its creditors last evening
on confessed Judgments to the amount Of
$50, 71S. The fact was not generally
known until this morning.
To those intimately acquainted with
the affairs OF the company the action was
not surprise, but the generality Of per-
sons did not know that there was any
financial stress in that quarter.
Last evening George 4. Brown aud
Col. Benja Nields went TO the Court
House and entered tSe prothonotary's
otics. Col Nields representing the New.
port National Bank, entered judg-
ment againot the company for
$l5. 500 and Mr. Brown, counsel for
Margaret r. Bringhurst, took similar
action 10 secure $35, ,27S Execution was
ordered and the writs were placed In the
hands of Sheriff Gould lie, however
did not make the levy until to-day.
IL Is understood that the judgment
given the Newport National Bank was to
cover money borrowed and that
the directors feel amply secured
by getting first lien on
plant which is estimated by It's owners
TO be worth from 5000 900 TO $3.50 OOO
The other Judgment creditor Is a sister
Of the president Of the company.
No definite ideas of the assets and
liabilities of the embarrassed company
are obtainabe The lawyers in the case
Ia
said that number of the
larger creditors not represented In the
judgments are personal friends Of the
president
The mill has not been running on full
time and with it's full compile
ment OF men, for two weeks. It's
operations have been affected by the
existing dullness instrade TheB present
trouble will operate greatly to the dis
advantage of the hundreds of per.
sons Ia and around Marshallton who
depend upon work In the mills for "a
| livelihood or the 600 persons living In
the neighborhood not less than 400 Of
them derive their living from the rolling
mill
The officers OF the company are John
r. Bringhurst; president. b. f.
Duncan; vice-president, and Joseph
Bringhnrst cretary aud treas
urer. The company was incorpo-
rated in 1889 under the name Of the
Marshallton Iron Works.
History OF the mills.
The rolling mills at Marshalton we're
scted and opened IN 1886 by John
Msr.hall, who operated them two years
aud then associated with himself Caleb
Marshall under the style @. q j. Mar
shall There was then only a single
mill, with one pair OF rollers, giving em.
ployment 10 eleven men. The
mill was operated thus until
1862, when Caleb Marshall sold his por-
tion to Edward Mendinhall. who re-
mained a partner until 1869, when his
share was purchased by Calvin Marshall.
In 1871 john Marshall conveyed his in
terest TO John and Joseph p. Richardson.
In 1874 j. r. Bringhurst purchased a
one fourth interest in the rolling mills
from Calvin Marshall as the portion be-
longing to. him, and in 1877 he became
sole owner.
In 1880 ho bnlt a steam mill. and in
1884 another one, and at present there
are three sheet iron mills, one bar mill
one puddle mill and a stove pipe mill.
These mills are flled up with three
crate furnaces, two reverberatory heating
furnaces, three double pudding fur
naces, one box annealing furnace
and one English furnace. Tho rolling
mills have capacity of 1900
tons Of finished sheet iron per
year. and ordinarily give en-
ployment TO one hundred aud twenty-five
persons Five pairs of rollers are ia use.
The mills are lighted by electric light
Ia 1889 the present company was formed
Sheriff Gould las appointed Edward
Mendinhall and James Robinson apprais-
ers, and they are already at work.