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Sign up freeThe Columbia Democrat
Bloomsburg, Columbia County, Pennsylvania
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Noah Brown, former partner in New York shipbuilding firm Noah and Adam Brown, received over $150,000 upon dissolution but lost his fortune through being cheated, guaranteeing others' debts, and bad speculations, ending in poverty and manual boat repair work until his recent death announced in Newark.
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Noah Brown, whose death was announced in Newark a few days ago, was formerly one of the firm of Noah and Adam Brown, extensive ship builders in the city of New York. When that firm dissolved some years since, the deceased received upwards of $150,000 in money as his share of the joint property, but owing to being cheated, going security for others, and making bad speculations, he became very poor in his old age, and for some time before his death procured a scanty subsistence for himself and family, by caulking and repairing old boats by day's work.
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New York; Newark
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Noah Brown received $150,000 from the dissolution of his shipbuilding firm but lost it due to being cheated, standing security for others, and bad speculations, leading to poverty in old age where he supported his family by caulking and repairing boats until his death.