Here's my find : My grandmother's brother, Salvatore, aka Willie, went bankrupt during the depression in 1932. It was publicized in the Farm, Field and Fireside Collection : The Chicago Packer. Willie and his brother, Tony, had a produce business/ produce distribution business in Mount Vernon, Illinois. Prior to this venture, both learned their skills while working in the Italian dominated produce markets in St. Louis, Missouri.
In the 1930 Census, Uncle Willie and his family are listed, with quite accurate data (as I had documentation from their vital records from the St. Louis, Missouri area).
|Year: 1930; Census Place: Mount Vernon, Jefferson, Illinois; Roll: 521; Page: 22A; Enumeration District:0023; Image: 1013.0; FHL microfilm: 2340256|
|1932 February 22, The Chicago Packer|
Attorneys were to represent those holding interest in the business, with a trustee appointed to represent Uncle Willie's business., which had fallen into bankruptcy.
|1932 June 11, The Chicago Packer|
|1932 June 18, The Chicago Packer|
|1932 July 2, The Chicago Packer|
|1932 October 2, The Chicago Packer|
The court lowers the Boom on Uncle Willie. Since his bankruptcy filing in early February of 1932, he repeatedly failed to submit a full report of cash and assets to the Hon. Walter J. Grant. In addition to his fruit and produce creditors, he also owed his landlord. Oh, Uncle Willie. This is not going well, is it?
|1932 October 2, The Chicago Packer, continued...|
|1932 October 2, The Chicago Packer, concluded article.|
Uncle Willie hauled one heck of a lot of produce during those few months, according to this article, taking him seven trips from St. Louis to Mount Vernon. After all the numbers wrangling, he is ordered to pay the associated creditors $883.05. If he fails to do so, he will be charged with contempt. The article states that Uncle Willie had a partner, Charles Mercurio, who was his brother-in-law. I thought that Charles was just a salesman for the company, not a partner.
So that's the story of Uncle Willie's bankruptcy during the depressed times of the 1930s. It is not the end of the story....since this was held in the Eastern District Court of Illinois in East St. Louis, there would be records of testimony in this case held in the archives. I'll let you know when I am able to review those records. There could be much more that was not reported in The Chicago Packer.
Meanwhile, if you think that your ancestors may be mentioned in some of the occupational periodicals in Illinois, check out the University of Illinois database mentioned at the beginning of the story. You might uncover a story that adds a little spice to your family history tales.