Rocky Ford enterprise., 1908-01-24
FAILURE. OF u
0RMAN E. CROOK
BIO CONTRACTING FIRM FILEs
PAPERS IN BANKRUPTCY IN
FEDERAL COURT.
LOST on CONTRACTS
REPUrED ASSETS, INCLUDING
PERSONAL PROPERTY, ex.
cEEp LIABILITIES.

Denver.-Orman u Crook. contrao-
tors, with ofiices In this city. but with
most Of their contracts beyond tho
state. Hied papers In bankruptcy pro-
ceedings In the Federal Court Thurs-
day. Their liabilities are given at
$74l.l3 and their assets at $l.2S2.77l.
Tigh. money markets and trouble with
the reclamation service over their con-
tracts are given as the cause. Tho
end had been seen for some time.
Fully three weeks ago tho Monat road
Cancelled tho firms construction con.
tract and on assignment took posses.
sion OF the grading outfit and went TO
work for the time being buiidinE the
road under General Manager Deuel..
Other contracts In Montana. Idaho and
South Dakota had been cancelled az
suspended. Although money was made
on the Moflat road the firm lost henv-
iiy on tho other undertakings. partio-
uiariy tho reclamation contracts. m
experience not new To this frm.
To say that tho Arm will pay In full
would be wrong. says the Republican.
although the assets ON paper are hnn
q million dollars more than the liabil.
itics. There will be losses TO the urs.
secured creditors. although Mr.. Ormaa
has put his personal property. inciud.
Ing his home. Into the assets and his
partner has done the same. Heavy
losses followed n contract for con.
struction work In Montana for the
Chicago. Milwaukee 81. Paul raib
road.
Tho principal creditors Of III, frm
are the First National bank of DrnScr
and tho fifnt National bank of Pueblo.
To tho former tho company II indebted
TO tho amount Of fiSt.:sS. SO. which II
well secured by real estate In this city
and Pueblo valued at siso.l1s-si. The
Pueblo hank han claim of STA. 1880.
which Ii secured by real estate worth
$4,000. Their residences at Pueblo.
tho ranches owned by them and all
their real cs'ni. arc included In tho
mortgages given to the banks.
Two months ago the nfm eompicic1
IN. rncompahsrc project nj Monirosr.
for which II was awarded the contract
by ;h- government. Tho men who
wcrc employed on this work haSo been
paid on and only those who sold sup
plies to the company while the coa.
tract Was being carried out viii b- nj.
f-c,-d by the bankrupt condition OF
the nfm.
There arc s...Ssi..o due for mater
iai and labor on tho Norai road. Mum
rrpus creditors are scattered through
out Colorado. Montana and North lbs
taia and their claims arc chiefly for
supplies furnished the men and horses
employed by the cuirpanS, The Hun
Earian Hour mills aud tho e. y. Mor-y
Mercantile Company have iafEr claims
Of this Kind.
OF III. assr,a ssss.,ss.ti ia du. the
hx,
other important assets arc Included
machinery and tools valued a, ti7s.
700. horSrs valued al, sss.G and
stocks and bonds worth si:s.ooo.
The Colorado Utah Construction
Company owes the frm sito.i1s.SS.
while th" United States reclamation
service owes II tio.ios.si on tho TN
comrahEru pTojcci.
Mr.. Orman il personally indebted
10 the firm to the amount ~ si1.sST.bs
for money drawn at various times.
while Mr.. Crook is debtor TO IL to ih.
amount of siS.5sisSo.
According to the individual prti''on
filed by Mr.. orman his liabilities
come to slsI.0sn.ss. Mr. Crooks liza
hiiities total sisS.5si.is while his az
sets aggregate si0i.0sc.
Drman owes the FIRST National hank
Of Pueblo sc5.0eo which is secured by
real estate to tn. value Of siss. 600.
a contingent liability mentioned In
the schedule is 5000 owed by him TO
tho government on contractors bond
given by Taylor & Moore In conncc-
ton with work on the tncompahera
project. lie owns stock in the United
States Exploration Company, the RiS-
orsidc Investment, Company. the Lake
Park Land Company. the Bankers
Consolidated Mines Company. the Bcs-
srmer irrisatinE Ditch Company aud
other concerns with a total face value
Of si5s.5st.
In the petition Mr.. OTman says that
all the cash he has on hand is s5ie.7s.
The household furnishings and goods
In his residence at Pueblo belong TO
Ars. Orman.
Mr.. Crooks principal debtor is tho
Pueblo Savings hank to which he osos
$500 The claim Is secured by real
estate worth $4,000. His chief as
sets consist Of stock.