security

Mercy goes on the block.

Eighty-seven years ago today, Mercy Hospital was sold at auction to the highest bidder. J.D. Reid had pledged the facility as security several years before, and the scandal that undid the Commercial Bank also dragged the struggling Mercy under. Oliver N. Freeman had signed the deed of trust transferring title.

The hospital soon reopened under new ownership.

PC 3 8 1930 mercy sold

Pittsburgh Courier, 8 March 1930.