History of Centre and Clinton Counties, Pennsylvania . y master the situation. Inexperience anda poor mill constantly needing repairs, thereby caus-ing much detention, were two impediments in theway of success, and the firm of Conser & Brotherwas obliged to sell lumber at less than the cost ofmanufacture in order to compete with contemporariesin the trade. These evils were being gradually sur-mounted when a mid-winter ice-flood carried with itabout three thousand dollars worth of saw-logs be-longing to the firm, of which loss it never recovereda dollar. Soon thereafter followed the financial c
History of Centre and Clinton Counties, Pennsylvania . y master the situation. Inexperience anda poor mill constantly needing repairs, thereby caus-ing much detention, were two impediments in theway of success, and the firm of Conser & Brotherwas obliged to sell lumber at less than the cost ofmanufacture in order to compete with contemporariesin the trade. These evils were being gradually sur-mounted when a mid-winter ice-flood carried with itabout three thousand dollars worth of saw-logs be-longing to the firm, of which loss it never recovereda dollar. Soon thereafter followed the financial crisisof 1857, an especially distressing panic to lumbermen. Conser & Bro., seeing themselves drifting towardsbankruptcy, determined to retire from the businesshonorably, and at once did so, leaving all to meet thedemands of their creditors, all of which claims werethereby fully satisfied. Thus L. Conser retired fromhis second unsuccessful business, wiser and moreprudent for the instruction he had received in theexpensive school of
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