Business: Downtown

¶ Two weeks after Edward A. Crawford's fantastic pyramid of wheat, corn, rye, silver and eggs toppled to earth (TIME, Aug. 7), the little onetime country sawbones filed a debtor's petition under the new bankruptcy act. His wife, as the Co. in E. A. Crawford & Co.. joined in the petition. Meantime auditors had discovered in the debris what even Doc Crawford himself did not know: that his assets were $1,200,000. his liabilities $2,500,000. Last week he offered to settle with his creditors for one-fourth cash, the balance in notes running up to...

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