Democratic Sentinel, Volume 3, Number 6, Rensselaer, Jasper County, 21 March 1879 — Closed Up. [ARTICLE]

Closed Up.

Considerable excitement was created in business circles last Monday morning by the announcement that the well known dry goods store of Purcell & Ssn had suddenly closed doors and suspended business. The announcement was true and the cause assigned was embarrassment by creditors who became restless and proposed to press their claims. The assignment was voluntary on the part of the firm and was made for the benefit of all their creditors. M. W. H. Dague, the assignee, informs ue that the assets of the firm will approximate $7,000 with liabilities amounting to about $4,000, and that an effort will likely be made.to adjust the claims of creditors without litigation. The Messrs. Purcell have shown an honorable disposition in thus favoring all their creditors alike. Hud they been otherwise disposed, or indifferent to the interests of their creditors, a few claimants might have been satisfied to the exclusion of all otheis. It is to be hoped that their ousiness troubles, tlAis suddenly thrust upon them, may be satlsfac torily settled and in a mannbr that will permit them to resume business at an early day.—Monticello Herald.