The Worcester spy. [volume] (Worcester, Mass.) 1898-1904, 1899-05-21
sO'Gara Brothers Pc
tition in Bank
feDruptcy.
HAD HEAVY LOSSES.
sEnfortunate Transactions
and General Depression
in Business the Cause.

The O'Gara Brothers, roofers, Sum
nhiier street, have filed a voluntary pc
tition in bankruptcy The firm did
consist up to within month of the
two brothers, Albert F. and Thomas
f, but about that time the latter
brother Withdrew from the firm, but
not soon enough to escape the bank
sfuptcy law, and yesterday partner
ship petition was filed in the United
States district court at Boston, stat
ing that the firms liabilities amount to
$9S 1888, of which 81, 500 represent Sc
cured claims, and that its assets are
S2SOl9.
There are seven preferred creditors,
Including the city of Worcester for
takes for 1895 and 1899 amounting to
s1B7;, the town of Brookline $50 and
seven -laborers with claims amounting
to- SIS.
The secured claims are held by Ste
phen G. Earle of Worcester and j. L.
Dexter of Brookline. Both hold mort
cages on real estate, and their claims
are $500 and $1,000 respectively.
There are several unsecured claims,
representing book accounts running
back four years, which explain the
large amount of some of them Mrs.
Mary S. O'Gara of Worcester is the
largest of these, holding a note for $10,-
$500, drawn for the stock and goodwill
i of the business Of Thomas O'Gara,
which was bought by the petitioners in
1884. The firm is liable as indorsers
of four notes amounting to $685. now
held by the Worcester Safe Deposit and
Trust Company.
The complete list of unsecured credit :
ors ais as follows:
Brownsville Maine Slate Company,
Worcester, 1924; New England Felt
Roofing works. Boston, $500; George
f. Blake .Jr., & Co; Worcester, $1497;
Barrett Manufacturing Company. New
York icitys $4T3; Garland, Lincoln & Co.
Worcester, @$2SI; c. r. Sweetser, Wor-
cesters Sis; H. S. Coolidge Brookline,
$75; . C Gorge A. Barnard. Worcester
-S72.305 sH.c @. Fish Manufacturing Com
pany,a Worcester, S56.40; William Con-
nors, Troy, n. ", $91.57; Blake, Samp-
son 20 Co, Worcester, $1O3.39; Wire
sf3dods Company, Worcester, $25.S5;
9 11amblin &5Russell. Worcester, SIG; P.
A Frfeberg, Worcester $3.50; william
H. Sawyer, Worcester, ST.; r. McAleer
Worcester $1S.9G; B. F. Marsh, Worces-
ter ST.; William Ross, Worcester, $40;
SSeorge. s. Dixon, Worcester, SO. 35, Ma
& tional Manufacturing Company, Wor-
Ieester, SO; H. L. jerks Worcester, 80. 20;
p Smith, Green & Co, $500; Crockett
Bros, Worcester, $500.
IL The assets presented in the schedule
8 consist Of a lot of land with buildings
in Rrookline valued at $4,000, and two
lots on Fountain and Heardsleigh
streets Worcester, valued at $4,000. The
stock in trade is valued at $1,000 and
sgtools,s fixtures, etc. sat $1,000 The prin-
cipaf other asset is made IN of bills
receivable with.a total of $39OS.
al The firm has been doing business
since 1894, and is well known firm in
: Worcester, at which time it bought out
the business conducted by Thomas
,0'Gara, whose death death occurred at
that time. The O'Gara brothers have
: been unfortunate in their business
Y transactions. and the general depres-
sion in business during the past five
+ years has been material factor in
aerip9ling them. One great loss was
5 sustained in the failure Of a certain real
. estate dealer in Brookline by name of
Z Mckay with whom the firm did bust
ness; He failed, owing the firm over
$4,000 The business was rapidly on
the decline until the past year, and
Thomas r, O'Gara withdrew about a
+ month ago. leaving the business in the
hands of his brother, Albert F. Thomas.
who is. now lieutenant in Engine fire
: company, situated on Prescott street.
: gJere R5Kane is attorney for the firm.