Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1896-12-24
BUSINESS TROUBLE.
Judgments AGgreGatinG $4,000 Confessed
by 0uigley & Mullen.


| by 0uieley g. Mullen.
The firm of Quigley & Mullen, whole
sale grocers, No. 107- l09 Market street,
has failed. Judgments were confessed
on Thursday at the Court House to
| the amount of s71, ZOO, principally In
favor of the National Bank Of Will
mington and Brandywine and the
Farmers Bank OF Delaware.
| The first judgment was in favor of
the Security Trust and Safe Deposit
| Co., as trustee of the estate of Philip
| Quigley, deceased, for the sum OF
$40. $40. The second was In favor OF
Frederick Stone for S3. 000. Then fol-
lowed one in favor of the Farmers
Bank for SIS, 950 and another in favor
of the National Bank of Wilmington
and Brandywine for sl2, 700. Other
| Judgments brought the aggregate to
| the amount already stated.
Execution was order ed on the judg-
ments and the levy was made.
The cause of the failure is held TO be
| due to the financial difficulty which
fell upon the Golden SGeptre Mining
CO.. in which the members of the firm
of Quigley Il Mullen are interested.
The firm comprises Winfield S. Quigley
and William ID. Mullen and has been
in existence about dozen years. A
gentleman acquainted with local finau-
cial matters said Thursday that the firm
was formerly rated very hign, but they
bad taken out money for this mine and
it had weakened their credit. The
assignment of the mining company
had resulted in call upon them.
The Golden Sceptre Mining Go. was
organized under the laws of West Vir
ginia. William ID. Mullen, Jr.. is the
treasurer of the company and Winfield
s. Quigley its general manager The
directors include beside MessrsI Quig-
ley and Mullen, ex-senator Anthony
Higgins and Harry Emmons Of this
city and DIR. r. S. Law of San Fran
cisco. The property of the company
is situated in Granite county. Montana.
Lack OF capital is held to have caused
it's trouble, as it is said to be valu.
able property.
Judgments have been entered
against George W. Gray, grocer, at
Second and King streets: Charles L.
Simmons, grocer at Eighth and Jack
son streets, and ex-senator Anthony
Higgins, but no execution was ordered.
mortage bond for 500 was also
entered against |. Trimble Qaigley.
The liHt of judgments against Quigley
& Mullen, as filed at the Coart House,
is as follows: Security Trust and Safe
Deposit Co., trustee of the estate of
Frederick Stone. SO, 600; Farmers
Bank, SIS, $50; National Bank Of vii,
mington and Brandywine, S12, 700;
Charles Warner Co., 81, 200; n, wport
National Bank, Sc, 000; Edmund
Mitchell. Jr., Sc, 500. Mr.. Quigley
confessed judgment in favor Of the
Farmers Bank for "a. 275. Mr.. Mullen
confessed Judgments in favor of the
Charles Warner Co. for $500, and the
Farmers Bank for $500.
=. At Magistrate ,Pritchett's office iudg-
ments have been entered in favor of p.
@. Thomas & 20. of Philadelphia for
S36, and Charles G. Summers & Co. of
baltimore, 5000. Judgments for small
amounts have been entered at the other
magistrates' offices. The William Lea
& Sons Co. is also a creditor of the
firm.
The First National Bank entered
mortgage bond for $40, 600 against /.
Trimble Quigley at the Court House.
/. I. Quigley is brother of Winfield
S. QuiRley Of QuIgley & Mullen, and
with John +. Quigley, another brother,
endorsed the firms paper. Ihe enter
ing of the bond was to give the bank
additional protection.
George w. Gray confessed Judgments
as follows: In favor of Farmers Bank,
81, 743. 90; Willard E. Mhiteman, $50;
Char les II. Salmon. $500; Joseph David
son, 81, 264. rs. The Judgment in favor
of the bank probably grew out of paper
of Gray's discounted there. 1t is
understood that large book account,
perhaps SIS, 600, was due from Gray to
Quigley q Mullen, which may nave
been assigned to the bank for addi-
tional security.
Judgment against Charles L. Sim
mons for 81, 600 was entered in favor of
the Charles Warner Co. The firm of
Quigley & Mullen had been carving
Simmons, who gave them second mort. |
cages to secure them. This SECURITY |
has presumably been turned over to the |
Warner company.
Elk Senator Anthony Higgins Friday
morning confessed judgment ia favor |
of Willard Salisbury 70 the amount of |
so. 900, but no execution was ordered. |
This is presumably one of the results |
of the financial difficulties of the
Golden Sceptre Mining Co., which |
made an assignment some weeks ago and |
of which Mr.. Higgins was director. |
About three weeks ago Quigley &
Mullen refused to pay a claim for |
81, 500 of /. N. Fairbanks, the cot. |
toleue merchant of Chicago, and that
fact was looked upon as an indication
that the firms condition was not of |
the best.
A year ago the firm claimed to have
stock, clear and good, worth S75, 600,
and bills receivable, estimated as
mostly good, for 1925, 600. Figures
from the failures of eight large grocery
firms were cited to show the value OF
assets. 1t was shown that grocer's
stock, when well-selected, will generally
pay dollar for dollar, being more valu-
able than either the bills receivable or
the book accounts.
Among the claims filed Friday against
Quigley & Mullen were those Of the
New York Biscuit Co. for $50, and X.
lowering & Go. of Baltimore for SIG,
which were placed With Magistrate
Kelley.
The Atlantic Refining Go. and Hart
q Bro. have entered suits against the
firm.
The judgments in favor OF Thomson
& Co. of Philadelphia and Charles G.
Somers of Baltimore have been satis-
fed.
Judgments against Joseph W. Rash,
grocer at Eighth and Church sweets.