Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1897-02-12
Mcintyre Reck Company
Change Hands.
MITCHELL &LYNDEIN CHARGE
Reverse of one of the Oldest
Houses in the City.
The Extent of the Liabilities
and the Assets,

The dry goods house OF McInty re-
Reck company was taken possession
Of by Mitchell & Lypde, bankers. this
morning. Is the result of a bill of
sale for ei6.5lS.50. The considera-
ton represents the claim Of the bank
ing house against the firm, and like
wise the assets of the latter. There
are other liabilities. but the entire
total will not, it is believed, exceed
$50 .O0O.'
Mitchell & Lynde ara the chief
creditors. the others being main-
" in the east, but individually, are
not involved for large amounts.
There are also a number of small To-
cal claims. Neither Mr.. McIutyre
nor Mr.. Reck could be induced to
talk on the transaction today, except
to say that they proposed to meet
all obligations in time. and both are
at their homes. H. A. Weld, their
attorney. and through whose bands
the sale to Mitchell & Lynde was
made, stated that the firm would, he
was satisfied, endeavor to pay every
claim dollar for dollar.
An Old Bosiness House.
The dry goods stere recently con-
Quoted BY McIntyre-Reck company
is probably the oldest in the city.
1t was previously and for many
years prior to the formation OF the
firm OF Mcintyre Reck company Feb.
9. 1894, conducted by Mcintyre Bros,
composed of G. c. Mcintyre, now Of
O:k aloosa, aud W. b. Mcintyre. It
was the Mills store before that. and
still further back was controlled by
Mitchell & Parsons and originally
by Wadsworsh. The company
which has now ceased to be, was in
corPorated three years ago with a
capital Of s25.0)0, and with 4. c.
Mcintyre as president, w. NJ. Reck
as vice president and W. B. Mcintyre
as secretary and treasurer. The
rem5 srs Of the company are among
the b,st known and most esteemed
bust ,ess men of Rock Island. The
semi II member. although now of
Osk iloosa, was for years a residect
and merchant of this city, ana
WAS always among the most
. popular of the citizens here.
Messrs. Mcintyre and Reck. upon
whose shoulders has devolved
: the conducting Of the affairs of the
house, are young men Of energy, de-
termination and pluck, and that they
have not succeeded better is due alb
solutely to the general by depressed
condition of trade. They have
proven huetlers, and being enter
PrisiDg and progressive, as long as
there was q chance left to succeed,
they were in it, so to speak. The
expressions OF regret. accompanied by
those of good will everywhere heard
today bear witness to the standing of
the m embers of the firm in this COM
munity, and the hope which all
share that some means may be de.
vised whereby they may regain q
foo thold.
Some OF the Causes.
The fact that the COMPANY was
pressed particularly hard Just now
is probably explained in the fact that
a damaging fire occurred in the block
with the Mcintyre & Coen company
at Marshalltown this week. and that
the Mcintyre interests there were
also disposed of. all OF which may
have had the effect OF producing an
anxious feeling among creditors that
would have been considered undue
otherwise. As will be seen by the
following dispatch. sent out by the
Associated Press this afternoon. the
embarrassment of the firm here re.
suited disastrously to the Mcintyre
Bros. e. Wilson house at Oskaloosa:
O,kaloosa, Iowa, Feb. 12.-The Nc.
Intyre Bros. & Wilson Dry Goods com.
papy assigned today with lab ilities
Of $50. 900; assets $4,000. The fsil.
ure is caused by the assignment OF the
McIntyre-Reck Dry Goods company.
Of Rock Island.
What will be done with the stock
in the new hands here remains to be