Rome Company, Inc. (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Rome Company, Inc. was a furniture business in Rome, New York which became bankrupt in September 1935, during the Great Depression. It had branches in many sections of the United States. The corporation's fate illustrates the bleak economic climate in the United States during the 1930s.The retailer's failure is significant in the history of Rome. It was one of several of the town's establishments which closed in 1935, a consequence of the ongoing deflation. To avoid bankruptcy Rome Brewery, Inc., filed a petition of reorganization under Section 77B of the Bankruptcy Act of 1898, in May 1935.A court in Malone, New York rejected a plan for reorganization offered by Rome Company, Inc., under Section 77B of the Bankruptcy Act of 1898. The furniture dealer had net assets of $793,000 at this time.