Rensselaer Republican, Volume 20, Number 4, Rensselaer, Jasper County, 29 September 1887 — A DISASTROUS FAILURE. [ARTICLE]

A DISASTROUS FAILURE.

LfaKpnt>B dP3©.9OCf Nominal *-38 ©OO. The talk t.L the toivn this week has been tlio financial emhantismeut of A. J. Yeoman, of .Jordan tjR, ex-sfieriii of the county, and one of our best known oiti'/iens. The news, has been espeeiu Uy startling from tlie fact that Mr. Yeomans financial Standing lias always been very high,.and no one' even drearhtVd of the coming failure. He owned a fine farm m j «I.oi’dan tp., which he has lately greatly improved, with gpod buildings; and also large quantities of live-stock. During the past year or two lie lias been actively engaged in buying and shipping livestock, of various kinds, ojid it was generally supposed that .his ventures in that line were usually successful. “ The amount of his liabilities, as stated by himself, are &3G,0U0 and his assets v-diUd); but it is sealcoly probable that in an enforced settlement, the assets will realize anywheres near the nominal figures. , -. • Tlie principal creditors, so far us can be learned, are some of liis most intimate friends, around town, and in his own neighborhood, and some of. the banks in this place. It is understood that all of these are pretty generally secured from fiual loss. Mr. Yeoman has here-to-fore enjoyed -an excellent reputation for business integrity mid there are few, it.any, who do not believe that the failure is something which Mr. Yeoman has sought strenuous-'* ly to avoid, and not a planned and premeditated swindling scheme, as so many failures are. This view of the case is confirmed * by the large sums Mr. Yeoman has lately expended on buildings. Had lie intended or even foreseen the present disaster, lie tvbfild not likely have expended money in improving property which would soon be taker, from him to pay r Tirr-dr r. Mr. Yeoman went over to Foresmau, Saturday night and departed for St. Louis, it is stated; but it is not generally thought that he has gone away permanently, but that he will return as souii as his feelings of mortification over his misfortunes, have somewhat subsided. It is stated on what is good_ authority, tliat the chief cause of his failure was unfortunate mininginvestments, made through a brother in iiio west.