[Rarebooks] FS: 1917/18 Diehl Pottery Bankruptcy Lawsuit Letters

[Joslin Hall Books & Ephemera]

1917/18 Diehl Pottery Bankruptcy Lawsuit Lawyer Letters

First we have a January 29, 1917 letter noting that the Board of  
Directors of the Diehl Pottery met and discussed the financial  
condition of the pottery. We then have letters dated May 17 and 24,  
1918, on the letterhead of Niles & Neff, attorneys of York,  
Pennsylvania, to Benjamin Stoner of Hallem, Pennsylvania (one of the  
Directors of the pottery), reporting no progress on getting anybody to  
agree to make a deal with bonds or other financial instruments to pay  
off the pottery’s debt or outstanding interest, and that Mr. Hoober &  
Mr. Luffbarry (presumably agents for the bank) will now file suit  
against everybody involved-

“It now looks to me as if there was nothing to be done except  
bankruptcy for the Company and for the individuals…I am sorry the  
prospects are so gloomy, but I can now see very little light”. In  
fact, the bank, in the person of Luffbarry, went after Mr. Watts  
alone, and on September 21, 1918 got a judgement against him for the  
full amount of the note plus interest, despite his defense that six  
other directors had also signed it.

The July 1, 1919 Brick and Clay Record reported- “The Diehl Pottery  
Works, Perkasie, Pa., has been acquired by the Morris C. Max Co.,  
Allentown. The company has been manufacturing roofing tile and other  
specialties, and the business will be discontinued. The purchase  
includes machinery at the plant, equipment and stock, and will be  
disposed of in the open market”.

 From a small collection of correspondence of Benjamin Stoner of  
Hellam, Pennsylvania, who invested in a variety of mining and other  
speculative stocks in the early 1900s and then, unfortunately,  
invested in a pottery.

Three 8.5x11 letters. Folds, minor soil, light wear.  $75

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