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(Continued From First Page) sibly the location of the plant here. This week, according to business records published in Phila., a receiver in equity was appointed for the Derk Manufacturing Company. A number of employees of the plant attended a Meeting in reference to this proceed ing in Phila. yesterday, Judge Dick ingon, in the United States District Gee appointed John H. Quail and Frank Adshead receivers of the Derk , under bond of $10,000, ac to the business record report. Discovered By Watchman The fire was discovered shortly after 5 o'clock this morning by Gus K t watchman of the plant. before 5 o'clock the watch man passed through the old sec tion of the factory where all the vari able looms were located, and found ware to be normal. Ten minutes the factory was in flames. The men worked at the plant during the night. They left the place about 4 o'clock this morning, their regular The cause of the fire had not been determined this morning, although it is believed to have started near one of the electric motors close to the num erous looms. Considerable inflam mable material was in the weaving me . When fire broke out, an oily raw material of a silky cane caused the flames to spread from one end of the building to the other. In less than an hour the roof of the factory had caved in. Several inches of water covered the office floor. The flames swept by the wind, broke through to the new rng and burned a section of the reading into the new portion. eraneet quickly extinguished this blaze and prevented a general spread. When the large steel fire door auto matically closed, the danger of spread ing to the new building was over. In normal times, the factory had a daily retail capacity of $4000 worth of goods. Moved From Phila. The Derk Company was formerly oe at Unity and Leiper streets, . In 1925 the company pur chased the oll ribbon mill buildin operations. In 1927 ,a and modern addition was com pleted and the entire Derk plant and coffees were moved from to Doylestown. The firm has suffered somewhat from the gen eral business depression, but enjoyed it a share. business. Business had improved what during the past week and a number of orders were on it per cent cumulative sinking fund preferred stock to the amount of $200,000 was issued by the Derk Com pany in 1926 and was sold here and elsewhere. According to the late Joseph Derk, who was then president of the company the appraised value of plant was then $125,000, in adds to machinery and equipment valued at $73,500. Since 1925 much newry and equipment has is quite well insured, ac
Newspaper Details
Doylestown Daily Intelligencer
Doylestown, Pennsylvania, US
Wed, Mar 09, 1932
Page 6
Full Page
Clipped by
Cynthia M.
USA 26 Jun 2026
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