The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-02-11

! bers for the advanced money, a bond
was asked for and a meeting on July
II last bond for $4,000 conditioned
| upon the filling of the prepaid orders
was placed with the Lackawanna Trust
| and Safe Deposit company for the
| protection of Creighton & Burch.
| a few days ago the New York parties
| served notice on the lace company that
! II could not consistently refrain any
! longer from entering up the judgment
| and at the same time instructed their
| Attorney {. H. Welles to proceed on the
| bond. This he did and yesterday At
| torney Walter r. Gunster, was directed
| by MIR. WelleS under authority of a
| provision of the bond to confess judg-
| ment for the lace company in the full
amount of the bond, $4,000. The papers
We're entered up in Prothonotary Pry-
or's office and an execution sent over
| to Sheriff Clemons for service. He will
| make the seizure and levy today.
| Through President John NJ. Kemmerer,
| the company made the following state
ment:
The Scranton Lace Curtain Manufacture
| ing company owing to the times, have beer
| obliged to liquidate their Indebtedness and
| submit to the claims of their creditors
who have entered judgments against the
| company. In order to preserve the prop
| erty for all parties interested and enable
| the company to secure the most for all its
| creditors receiver will probably be APP
| pointed by the court. There is fair pros.
| pect of reorganization at an early date
| by which the mills will be kept in opera
| ton and be able to secure all the advan.
| tageS and success which it is hoped is soor
| coming to the country.
Speaking of the causes which led ur
to this interruption President KEN
merer said to a Tribune reporter: "The
| Scranton factory has never had an OPP
portunity to become firmly established
| Operations We're commenced in 1893 anG
during our four years existence we
have never had what might be called
a bright day. It has been a constant
struggle against the hard times and ar
| infant industry cannot hope to succeed
where the conditions are such thai
long established industries are failing
| day by day. Had we but had two years
of good times as the Wilkes Barre fac
| tory enjoyed we would doubtless alsC
| be on firm footing today. Legisla-
tiOn is not directly responsible in any
| way for our adVerSties. Had the orig
| inal Wilson bill passed it would have
meant without any question the board,
ing uo of the factory, but the senate
amendment which fixed a 80 per cent
ad valorem duty saved us. The tariff
| is all right if it could only be enforced
| but it seems it can't be or at least il
| isn't. The Nottingham manufacturers
are on one hand through fraud and or
the other by sharp practices able t
undersell us today in our own markets
Large quantities of curtains are
| brought over every year under ficti
tious values. Then again the Noting
ham dealers bring their goods ovel
here in an unfinished state and aftel
escaping about 33 l3 per cent. of the
duty thereby, turn them over to agent!
in this country for finishing touches.
one Nottingham firm has even gone
so far as to establish a finishing fac
tory of it's own in Philadelphia De
spite all this we could with the hell
of good times compete with the for
eigners and in time control the mar
ket. So confident am | that this will bt
done that / authorize you to publish
the assurance that the Scranton Lace
Curtain factory will not be closed. L
viii take until about week from Mon
day to effect the reorganization anC
until then the factory, of course, vii
be shut down."
The factory has capacity of 300,
600 pairs of curtains a year and il
worked to it's full capacity would give
employment to 400 .hands, OF late 30
hands have been employed at a little
more than half time, The officers o.
the company are: President, John Nj
Kemmerer; secretary, H. w. Taylor
treasurer, II. j. Anderson; directors
Henry Belin, jr,, William Creighton
Naw York; w. j, Taylor, New York
Richard O'Brien, John Simpson