Jasper County Democrat, Volume 14, Number 3, Rensselaer, Jasper County, 15 April 1911 — RANSFORD STORE CLOSED [ARTICLE]

RANSFORD STORE CLOSED

For ■' Inventory and Proprietor Will Probably Go Into Bankruptcy. It turns out that the Ransford Department Store’s “Forced to the Wall Sale” was not as deceptive as some people seemed to think, and the sale was not a mere advertising scheme but a genuine sale to-raise money. The store was closed Thursday to invoice the stock and if it is shown that Air. Ransford is insolvent the affairs will be settled in the bankruptcy courts, it is reported. The trouble seems to have been caused by “too many irons in the fire.” and for some time Air. Ransford has been pressed closely by bills. We are told khat the liabilities are about $19,000 and the assts likely to be only about two-thirds this amount. Air. Ransford has been in business here for a number of years and was apparently doing well as long as he confined himself to his legitinjate business. For the past two or three.years, however, he has been dabbling in real estate trades to the detriment of his mercantile business, many of his deals haring proven disastrous financially. He has been one of Rensselaer’s leading business men and it is hoped that his affairs are not in as bad shape as reported.