Exhibit 10.52

                                 PROMISSORY NOTE
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<S>              <C>            <C>            <C>            <C>            <C>           <C>           <C>           <C>
---------------- -------------- -------------- -------------- -------------- ------------- ------------- ------------- -------------
   Principal       Loan Date      Maturity       Loan No.         Call        Collateral      Account       Officer      Initials
  $92,000.00      10-23-1998     10-30-2003       BL14117          1E             10                          OLS
---------------- -------------- -------------- -------------- -------------- ------------- ------------- ------------- -------------
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Reference  in the  shaded  area are for  Lender's  use only and do not limit the
applicability of this document to any particular loan or item.
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Borrower:  SPURLOCK ADHESIVES, INCORPORATED     Lender:  JAMES RIVER BANK
           (TIN:54-1522700)                              MAIN OFFICE
           125 Bank St., P.O. Box 8                      209 W MAIN STREET
           Waverly, VA  23890                            WAVERLY, VA  23890-0047

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<S>                                    <C>                       <C>
Principal Amount: $92,000.00           Interest Rate: 9.250%     Date of Note: October 23, 1998
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PROMISE TO PAY. SPURLOCK ADHESIVES, INCORPORATED ("Borrower") promises to pay to
JAMES RIVER BANK  ("Lender"),  or order, in lawful money of the United States of
America,  the  principal  amount of  Ninety  Two  Thousand  and  00/100  Dollars
($92,000.00),  together  with  interest  at the rate of 9.250%  per annum on the
unpaid principal balance from October 30, 1998, until paid in full.

PAYMENT.  Borrower will pay this loan in 59 regular  payments of $1,177.87  each
and one irregular last payment estimated at $57,590.54. Borrower's first payment
is due November 30, 1998, and all subsequent payments are due on the same day of
each month after that Borrower's final payment due October 30, 2003, will be for
all  principal,  accrued  interest,  and all other  applicable  fees,  costs and
charges, if any, not yet paid. Payments include principal and interest. Interest
on this  Note is  computed  on a  365/365  simple  interest  basis;  that is, by
applying the ratio of the annual interest rate over the number of days in a year
(366  during leap  years),  multiplied  by the  outstanding  principal  balance,
multiplied by the actual number of days the  principal  balance is  outstanding.
Borrower will pay Lender at Lender's  address shown above or at such other place
as Lender may  designate  in  writing.  Unless  otherwise  agreed or required by
applicable law, payments will be applied first to accrued unpaid interest,  then
to principal,  and any remaining amount to any unpaid  collection costs and late
charges.

PREPAYMENT  PENALTY.  Upon  prepayment  of this Note,  Lender Is entitled to the
following   prepayment  penalty:   Borrower  may  prepay  the  principal  amount
outstanding in whole or in part,  upon payment of a one (1%) percent  premium of
the amount prepaid.  The Noteholder may require that any partial prepayments (i)
be made on the date  monthly  installments  are due and (ii) be in an  amount of
that part of one or more  monthly  installments  which  would be  applicable  to
principal.  Any partial prepayment shall be applied against the principal amount
outstanding  and  shall  not  postpone  the due date of any  subsequent  monthly
installments  or change the  amount of such  installment  unless the  Noteholder
shall otherwise agree in writing. Except for the foregoing, Borrower may pay all
or a portion of the amount owed earlier than it is due. Early payments will not,
unless agreed to by Lender in writing, relieve Borrower of Borrower's obligation
to  continue to make  payments  under the payment  schedule.  Rather,  they will
reduce  the  principal  balance  due and may  result in  Borrower  making  fewer
payments.

LATE  CHARGE.  If a payment  is 7 days or more  late,  Borrower  will be charged
5.000% of the regularly scheduled payment or $50.00, whichever is less.

DEFAULT.  Borrower  will be in  default  if any of the  following  happens:  (a)
Borrower  fails to make any payment when due;  (b)  Borrower  breaks any promise
Borrower has made to Lender, or Borrower fails to comply with or to perform when
due any other term, obligation, covenant, or condition contained in this Note or
any agreement  related to this Note, or in any other  agreement or loan Borrower
has with Lender;  (c)  Borrower  defaults  under any loan,  extension of credit,
security  agreement,  purchase or sales agreement,  or any other  agreement,  in
favor of any  other  creditor  or  person  that  may  materially  affect  any of
Borrower's  property  or  Borrower's  ability  to  repay  this  Note or  perform
Borrower's obligations under this Note or any of the Related Documents;  (d) Any
representation  or  statement  made or  furnished  to Lender by  Borrower  or on
Borrower's  behalf is false or misleading in any material  respect either now or
at the time made or furnished;  (e) Borrower  becomes  insolvent,  a receiver is
appointed for any part of Borrower's property,  Borrower makes an assignment for
the benefit of creditors,  or any proceeding is commenced  either by Borrower or
against Borrower under any bankruptcy or insolvency laws; (f) Any creditor tries
to take any of Borrower's  property on or in which Lender has a lien or security
interest. This includes a garnishment of any of Borrower's accounts with Lender;
(g) Any  guarantor  dies or any of the other  events  described  in this default
section  occurs  with  respect to any  guarantor  of this  Note;  (h) A material
adverse change occurs in Borrower's financial condition,  or Lender believes the
prospect of payment or performance of the  Indebtedness is impaired;  (i) Lender
in good faith deems itself insecure.

LENDER'S  RIGHTS.  Upon default,  Lender may declare the entire unpaid principal
balance on this Note and all accrued  unpaid  interest,  together with all other
applicable fees, costs and charges, if any immediately due and payable,  without
notice, and then Borrower will pay that amount. Upon default,  including failure
to pay upon final maturity,  Lender, at its option, may also, if permitted under
applicable law, increase the interest rate on this Note 4.000 percentage points.
The interest rate will not exceed the maximum rate permitted by applicable  law.
Furthermore,  subject to any limits under applicable law, upon default, Borrower
also  agrees to pay  Lender's  attorney  fees equal to 10.000% of the  principal
balance due on the Note, and all of Lender's other collection expenses,  whether
or not there is a lawsuit and including  without  limitation  legal expenses for
bankruptcy  proceedings.  This Note shall be governed by, construed and enforced
in accordance with the laws of the Commonwealth of Virginia. Lender and Borrower
hereby  waive  the  right  to any  jury  trial  in any  action,  proceeding,  or
counterclaim brought by either party against the other.

DISHONORED  ITEM FEE.  Borrower  will pay a fee to Lender of $24.00 if  Borrower
makes a payment on Borrower's  loan and the check or  preauthorized  charge with
which Borrower pays is later dishonored,

RIGHT OF SETOFF.  Borrower grants to Lender a contractual  security interest in,
and hereby  assigns,  conveys,  delivers,  pledges,  and transfers to Lender all
Borrower's right, title and interest in and to, Borrower's  accounts with Lender
(whether checking, savings, or some other account), including without limitation
all accounts  held jointly with someone else and all accounts  Borrower may open
in the  future,  excluding  however  all IRA and Keogh  accounts,  and all trust
accounts for which the grant of a security  interest would be prohibited by law.
Borrower authorizes Lender, to the extent permitted by applicable law, to charge
or setoff all sums owing on this Note against any and all such accounts, and, at
Lender's option, to administratively freeze all such accounts to allow Lender to
protect Lender's charge and setoff rights provided on this paragraph.

COLLATERAL.  This Note is  secured by 32 acres open and  cutover  land  fronting
approximately 3/4 mile on Route 460, west of Waverly.

GENERAL  PROVISIONS.  Lender may delay or forgo  enforcing  any of its rights or
remedies under this Note without losing them.  Borrower and any other person who
signs,  guarantees or endorses this Note,  to the extent  allowed by law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly stated in writing, no
party who signs this Note, whether as maker,  guarantor,  accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  loan,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's security interest in the collateral;  and take any other action
deemed necessary by Lender without the consent of or notice to anyone.  All such
parties  also agree that Lender may modify  this loan  without the consent of or
notice to anyone other than the party with whom the modification is made.

PRIOR TO SIGNING THIS NOTE,  BORROWER READ AND  UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE. BORROWER AGREES TO THE TERMS OF THE NOTE AND ACKNOWLEDGES  RECEIPT OF
A COMPLETED COPY OF THE NOTE.

<PAGE>

BORROWER:

SPURLOCK ADHESIVES, INCORPORATED

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<S>                                               <C>
By: /s/ Phillip S. Sumpter                        By: /s/ Larry C. Birkholz                       (SEAL)   
   -----------------------------------(SEAL)          --------------------------------------------
   Phillip S. SUMPTER, Chairman & CEO                 LARRY C. BURKHOLTZ (sic), Corporate Controller
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