Publication: The Electrical Engineer
New York, NY, United States
REPORTS OF COMPANIES.
A RECEIVER FOR THE E. S. GREELEY & CO.
It is with much regret that we note the collapse of another famous old concern under the pressure of the hard times and bad business, no less a pillar in the electrical supply trade than The E. S. Greeley & Co. Last week upon application to Judge Lacombe in the U. S. Circuit Court, Gen. E. S. Greeley, president, and J. W. Sands, secretary, were appointed receivers for the concern. The business was established forty years ago by L. G. Tillotson & Company. Gen. Greeley became a partner in that firm in 1865, and in 1884 succeeded to the business after the death of Mr. Tillotson. The firm style was changed to The E. S. Greeley & Company, and the business was incorporated in 1887, under Connecticut laws, with a capital stock of $250,000. The liabilities are $160,000, of which $65,000 is for merchandise and $70,000 due on notes. The assets are $180,600.