The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1900-12-28
MIR. Robinson's Estate.


Developments at meeting at Raine's Hall
on December 90 of the creditors of Mr.. Isaac
Robinson, an extensive canned goods and
fertilizer manufacturer, whose business was
placed in the hands Of receivers on December,
disclosed the fact that the failure was a more
serious one than is indicated by the court
records.
Liabilities amount to $799,071 of which
$44S $50 are secured by collateral. Assets
amount to about $7l2, 1877.
Application for the appointment of re-
cetVers was made by Mr.. Daugherty, who set
forth that MIR. Isaac Robinson was insolvent.
There being no objection, the Circuit Court ap
pointed Messrs. Roger T. Gill and Frank NJ.
Kline receivers. These gentlemen are now in
charge of Mr. Robnson's affairs.
On December 20 Mr.. Robinson called a
meeting of his creditors. This meeting was
he'd at Raine's Hall, and was attended by
about 200 creditors. Mr.. William H. Graflin
was unanimously chosen chairman. Mr.
Robinson was present and submitted state
ment OF liabilities and assets.
His statement was as follows:
Liabilities secured by collateral. ... .$44S, $50
Liabilities unsecured $50 AL
Total........................ s799, O7l
a detailed statement wss read
showing the value of goods, ma
chncry and all other property, of
whatsoever kind, the total OF
which footed $712 1877
Leaving q deficit cf. ................... Sc 1874
Contingent liabilities, being almost al
together MIR. Robinson's Endorsements on
customers notes, not yet due, which he claims
will all be paid at maturity, amount 10
S62 600.
Mr.. Robinson was asked by one of his crcdi-
| tors If any of his outstanding paper was in
dorsed and replied in the affirmative. When
| asked the extent Of these Endorsements he said
| that he did not know.
"Was it $50G0?" asked a gentleman.
Il don't Know" replied Mr. Robinson.
"Wa5 1t $4,000 or $50, COOP" asked another.
ayes, it was more than twice 500 600 re-
piled Mr.. Robinson.
Asked the names CT his indorGers, he said
| that he had only one and mentioned the name
| Of Mr.. Theodore F. Wilcox. Ful ther
questioning developed the fact that the i'm
| mediate cause of the failure was over-trading.
| After hearing Mr.. Robinson's statement it
| was decided to appoint committee to investi-
| gate the business. This committee was in
| structed to make thorough examination into
the effairs of the embarrassed house and to re-
port at meeting to be called by the chairmsn
| within three weeks from December 90.
The members OF the committee are:
w. Il. Grsfilin, representing manufacturers
of fertilizers; j. w. Hook, representing the
| banks, e. W. Baker, representing canned
! goods packers; W. ID. Daugherty, represent
ing canmakers; Louis Becker, representing
boXmskers: II. z. Cannon, representing
| Delaware fruit growers: Charles Wilson,
| representing hardware manufactures.
Mr.. Robinson was one OF the most extensive
| packers of canned goods and manufacturers
| of fertilizers in Maryland. His Office was in
the O'Donnell Building, at the corner OF Gay
and Lombard streets, and his city plant on
Phiipot street. He conducted 25 packing
houses and several country stores. These are
located in various parts of Maryland and
| Delaware.
He has been engaged In business about six
years. Prior to embarking into business
under bis own name be was a silent partner
Of Messrs. Hubbard & Bro. Mr.. Robinson
enjoyed profitable trade, but his obligations
became too unwieldy and he had to suspend
for the benefit of all HE creditors
Now Mr.. Robinson is endeavoring to form
joint stock company for the purpose of con.
tinuing tho operation of his various plants
EUening Neles.