Evening Republican, Volume 18, Number 294, Rensselaer, Jasper County, 14 December 1914 — KOFFMAN STORE IN HANDS OF RECEIVERS [ARTICLE]

KOFFMAN STORE IN HANDS OF RECEIVERS

The Central Trust and Savings Bank of Chicago in Charge of Merchant’s Affairs.

The store of isador Koffman, located in th® Makeever building just east of Rawles & Parker’s store, which has been conducted for several months by Sol. Koffman, is ■closed and in the hands of The Central Trust & Savings Banlk, of Chicago. Sol Koffman left Saturday night on the 11:05 triin for Lafayette. Isador has 'been in Rensselaer but little since the store was opened. Apparently the store was doing a good business and liberal advertising was being done at this time, the young manager claiming that the store w*as to be extensively remodeled. Saturday evening an agent of the Trust & Sayings Bank took charge and the first knowledge that Rensselaer people had that the proprietor was a bankrupt came when the notice appeared on the door that the trust company had been appointed a receiyer for Isador Koffman. This man is understood to have had several stores in Chicago and all had been closed and the creditors had attached the stock here. Young Koffman made a hurried getaway, not even taking his trunk with his personal effects. He forgot to pay the print ens, at least, owing The Republican SSO and The Democrat somewhat more than that. • It is also stated that hedid not pay off the employes ofnthe store. It is believed that he took with him S3OO or S4OO. He did not bank any while here but kept the money in his pockets.It is understood that I.‘ Koffman supplied his store here from his Chicago stores, shipping goods here frequently. The store here seemed to be well stocked and to be doing enough business to have succeeded had Hoffman's Chicago business been paying. There is some mystery connected with the whole deal and the bankruptcy proceeding seems to be a steheme to defraud creditors, which has apparently been accomplished.