The Newtown bee. (Newtown, Conn.) 1877-current, 1899-02-24
Succeed T. M. Brown & Co

THE GAmBLE-DEsMOND co. PURCHASES
THE wELL-KNOWN CONCERN TRAN
sACTION INVOLVES $500, 900 NEW
FIRM TAKES POSSESSION AT ONCE--ITs
MEMBERS ARE: DAVID 8. GAMBLE.
PRESIDENT; JOHN D. DESMOND, VICE
PRESIDENT; e. FIELD, SECRETARY
AND TREASURER
The announcement mas been made that
the business of #. nj. Brown e Co.,
which has long been leading one in the
dry goods world of New Haven, has been
purchased by new company, styled The
Gamble-Desmond Company, which takes
possession at once. The firm Ia practi
callY a o.partnership between David
S. Gamble, formerly of r. M. Brown 6
Co.; John d. Desmond of New York,
and E. K. Field, for manv years credit
man of the old Arm of f. M. Brown & Co.
The new company was Incorporated last
November for the object of purchasing
the business as going concern from the
receiver, James English.
Judge Prentice discharged Receiver
Jamas English of the f. M. Brown &
Co.'s affairs, the Gamble Desmond Co.
having purchased claims amounting TO
$212, 776.9 SO on so per cent basis. Judge
Prentice or dered all the stock to be turned
over to the new concern.
The transaction Ia one of the largest
that has taken place in business way In
New Haven for some time, involving it
is stated, 100000 The receivership,
which began last April, has continued,
pending the settlement OF the interest in,
volved, nearly year, during which time
there has been great interest manifested
in the ultimate ownership of the business.
It's superior location and the excellent
reputation enjoyed by the old firm among
the Wholesale and jobbing trade In the
large trade centers, together with the
possession of a high class patronage in
New Haven and suburbs, make the BUSH
ness a very desirable one in the dry e DDS
trade. It's mail order business was very
large, and very considerable quantities
of goods were shipped to various parts OF
the New England States, to the West as
far as Ohio and to the South as far 8,
Florida. This business was largely with
patrons of the firm who have moved to
distant points bat whose confidence in
the house was so great as to lead them
to continue to purchase from it.
The personnel Of the new firm is head
ed by David S. Gamble as president, who
scarcely needs an introduction to the
New Haven public nor the army Of pur-
chasers who find this busy city their
supply center. Mr. Gamble has q Justly
deserved reputation as an up-to-date bust
ness man with broad policy and an un-
usual capacity for developing the strong
est sides OF the dry goods business. Hi
long experience with the old firm of #.
M. Brown & Co. placed him In close
touch with many people In this city,
who will be glad to see him at the head
of the new firm. Mr. Gamble has q
thorough knowledge of the dry good
hu in "a oil
ways been distinguished in the trade for
his excellent judgment Of trade condi'-
IONS and needs.
John b. Desmond, vice-president of the
new concern, while stranger ia New
Havan, is favorably known In the dry
goods and iobbing centers of this coun
try and abroad. Mr. Desmond Ia an ex
pert buyer and was for years in the en-
ploy of A. Stewart g Co., and later in the
house of Talbot Il Co., The largest dry
of natural good judgment and strict at
tention to detail. has won the universal
respect and confidence not on1v OF the
dry goods jobbers, bat of the financial
institutions in this city and New York,
with which T. M. Brown g Co. did bust
ness. Mr. Field has been general favor
tie with the patrons of the house, all or
whom gill be pleased at his recognition
and admittance as partner into the con,
Germ, the natural result Of business ex-
perience and integrity.
A complete renovation Of the stores of
the Gamble Desmond Company has been
in progress some time and large force
of carpenters and joiners has been busy
in making numerous and necessary
changes. The stairway In the rear OF
the west store has been torn down and
new and more convenient one built in
the center near the elevator. This admits
OF a considerable enlargement OF the
goods house in San Francisco. For years
he was the New York and European buy
er for this firm and experience and train
ing while filling that position, qualities
him TO an unusual degreesf0r conducting
the same department for the Gamble
Desmond Company. Mr. Desmond plans
his work on thoroughly scientific lines
and Is a believer In the policy OF building
up slowly and surely substantial busl-
ness by winning the lasting confidence or
bis patrons rather than attempting Co
boom trade by 6c itious sales and mis-
values.
e e. Fields. secretary and treasurer of
the new COMPANY, has long known In
this city as an expert credit man. He
first came to f.. M. Brown 20 Co.'s az a
bcokkeeper 10 years ago. and by close
study Of tbs business and the possession