Evening journal., 1914-08-22
Receivers Named
FOR ROSS { SON, INC.
Howard D. Ross and E. S.
HellingS Appointed to Take
Charge Of Business
FINANCES AFFECTED
BY THE HARD TIMES

Upon the application OF Howard d.
Ross ior the appointment of re-
ceiver. Chancellor Charles M. Curtis
yesterday afternoon appointed How
ard ID. Ross and Edmund S. Hellings
as receivers of ID. Ross and Son, In
corporated, doing business in dry
goods and general department store,
al Nos. 2O6-0S-1O Market street
Iu his bill OF complaint, requesting
the appointment of a receiver, which
was filed through his attorney, Robert
II. Richards, Mr.. Ross alleges that he
is a stockholder in the defendant cor
poration. and that the corporation is
insolvent and that Ii is unable to meet
its obligations in the due course OF
business, as they fall due. and that it
will be for the benefit of the stock
holders and creditors of tho defend
ant company that receiver or re-
ceivers bc appointed
The two receivers appointed are
bonded for the sum of 1000 in the
United States Fidelity and Guarantee
Company, which surety has been APP
proved by the chancellor
Ross and Son is one Of the oldest
mercantile houses in Wilmington,
having been founded nearly forty
one years ago by General Daniel
Ross. A few years ago it was re-
organized and incorporated and the
business was enlarged. The house
supplied goods TO all over the Del
marvia Peninsula Business depres-
sion and The recent slump in the
buying and money market were fac
tors contributing to the compauy's
trouble
Charles c Woods, secretary and
treasurer Of the company today said:
"Wc desire to sincerely thank our
customers and friends for their
patronage given this store during the
past SO years or more. The mechanics
OF Wilmington and their families have
favored US with their trade TO a
large extent. which we have always
endeavored TO merit But there are
now and have been for some months
East many thousands Of the me-
chanics in our city unemployed or
working on short time. which has
necessarily interfered greatly with
cur business Added to this the
fear Of o Mexican war some months
ego, followed by the great European
and almost worldwide appeal to
arms. have so unsettled business and
credits as to make collections im-
possible, paralyzed the sale Of
merchandise at q profit, and seriously
interfere with bank accommodations
Some months ago TO meet the ex-
pected demands of our customers In
an increasing business. we purchased
largely of the latest and best mer-
chandise on the American market
buying a portion Of our stock on time
and expecting as in the past. that oul
regular sales in due course of bust
ness would meet our maturing obliga
tions. For the reasons stated thes
expected sales have not materialized
While our older creditors nave treate,
MS most kindly and CONSIDERABLY ap
preciating that the depression in busi
ness was general, yet some demand
immediate settlement, regardless Oi
any any consideration Of The interest.
Of other creditors whom we consider
ed entitled to equal consideration. At
Ter having exhausted every honorabl,
effort TO deal with the situation out
side of Court. we now feel compelled
to ask the protection Of the Court in
order that ALI creditors would have ar
equal consideration, and to enable al
accounts TO be liQuidated to the bes
advantage and in the quickest time
possible.
"Regretting the necessity which is
forced upon us through no fault o.
ours. we, however. ask the co-opero
ton and kindly consideration Of az
appreciative public and friends