Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1896-12-24
RANDALL, sELBy & BELL FAIL.

Al assignment was made SATURDAY,
morning by Randall, Sicily & Bell, i'm
plement aud vehicle dealers az llS ina
l22 West Third street. b. r. Ebert
was made assignee. The lailur is oae
OF the largest that It's occurred H. this
city IN years 1t was due to hard
times aud bad collections. No seized
nle OF assets and liabilities has been
made, bur it is thought the liabilities
will amount to between $lC0, 100 end
$4,000.
The firm is the successor of Randall
" Dlckey Two years ago Mr.. Dickey
dlopned out and the firm became Ran.
dali, Selby 4 Bell In addition TO the
main house located in this city there
six branch houses they were located
at Audubon, Carroll, Win arset, Ames,
Greenfield aud Guthrie G, ter. A few
months ago the branches at Guthrie
Center, Ames, Greenfield and Winter
set were sold, so that the failure
directly affects the main house i'm this
city and the branches at Audubon and
Carroll only.
Mr.. Ebert took possession OF the
mousse III this city at once and wired
Carroll aud Audubon OF his appoint
ment as assignee ana Instructed them
TO keep the business in shape for him
to Inspect it next week. The work of
scheduling and appraising the goods
will begin at once. A large force will
be put to work and an attempt made
10 ascertain the condition of the firm
as rapidly as possible. The Carroll
ana Audubon branches will be gone
through later.
The main house here has a large
stock of implements and vehicles on
hand filling six floors and basement
Much Of the stock, however, are goods
obtained for sale OH commission, and
they will not be included in the assign
ment. 1t is difficult to state what the
assets will be at this time. Mr.. Ran
dali said it depended entirely upon
what they would be able to realize on
them whether there would be enough
to pay the liabilities. The general i'm
preston is that they will in the end
not be able to pay much over 60 cents
on the dollar.
The above is taken from the Regis
ter end is of more than ordinary in
terest to our readers. Not only has
the firm done great deal of business
in Audubon county but the members
of the firm are not strangers to our
people. The old firm of Randall q
Dickey were partners in the implement
business of Jones, Dicksy & Co., and
later were interested with John Nc
Farlane in the firm Of McFarlane,
Dickey 81 Co., and are now partners in
the business o. G. III. Jones & Co.
Mr.. w. S. Bell, junior member of the
firm started in Audubon to learn the
business and Mr.. Selby lived in
Guthrie Center for years and is known
to many Audubon county people.
The failure of the Des Moines firm
does not effect the local branch ex-
cept as to the actual interest of Randall
Selby & Bell in the house. Mr.. Jones
is not effected in any way by the fail
ure of his partners and the business
here will be conducted just as usual,
save that the firm name will be G. ii.
Jones instead of G. III. Jones & Co.
There are in the local house goods be-
longing to the Des Moines firm. Mr..
Jones will either buy these goods or
the receiver will take them and that
will be the end of the matter as far as
the Audubon house is concerned.