A Big Failure In Ypsilanti

Nicholas Cordary, of Ypsilanti, a Wholesale dealer in groceries and provisions, filed an assignment to Judge William Look, of Detroit, in the county clerk's office Monday. At the time he filed it, Lawyer Griffin, of Ypsilanti was in an adjoining room busily writing out two attachments. Mr. Cordary had been in business in Ypsilanti since 1864 and had done an extensive business. He was quoted by the commercial agencies as gilt edge and was generally supposed to be worth at least $50,000. His liabilities are estimated at $50.000 and his assets at $20,000. It is said that Mrs. Cordary has considerable property in her name, and by deed made Feb. 24 and filed in the register's office June 21, Mr. Cordary deeded the store in which he does business to his wife. Since the filing of the assignment, seventeen replevin suits have been entered in the circuit court for goods ranging in amount from $500 to $2,000, mostly by Detroit firms. A temporary injunction has been granted by Circuit Court Commissioner McKernan restraining Assignee Look or Cordary from disposing of any of the goods without a further order of the court.