The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-07-20
ureE THE OLD PAPER GOES.
rar+v Million Pounds Year Bought
nv one Esta blishment.
-, ~ Nelp York Star.

8
ola naper is bought ard sold is
at deal more interesting nowadays tnan
:. ,,.a5 TO be for the reason that that spec
III neculiar trade is better systenhzeo'
M "a : il TINS comparatively easy to under
~ sc novel and entertaining surround
IS There was time when there were only
.Ds dealer, in that line Of bust
W. Lvt now the number
hssS' Increased to over fifty, although
has -,aio,.itv Of them are only collectors,
" -assIl 10 the three largest emporlums.
I'm its curious associations, was very
-.,,,b {n,pressed with the warehouse sltua-
"a IN Roosevelt street, In the very hear1
Of the Italian colony. Although only III
o-;,+er,e in its present location LOT
g T.A.Io arar a wear, a remarkable race OF
rle has been attracted to the neIghoor-
~ and little Italian midgets can be seen
80 .lo,i7y ont in swarms from the alleyways,
Ill heir perents are chattering on the
i5ouyslk with cartmen and small Venders OF
svery nationality A. c.~o,,,,d
- COLLAR floors of what was originally the
tba Howard mission, and the lott IS use1 as
on Italian Roman Catholic church. Inc
jnterior OF the building, where the manpu-
Lin and packing of the old paper are
IL
Jungeon. filled with formidable-looklng
bsjes two or three huge weighing machines
s~d a Dowerful hydraulic press. An at
+emnf has been made to civilize a little
rscsss in the shape of an old platform or
mini bv inclosing it in glass, which serves
Ian Office, from which vantage ground the
two proprietor can oversee the WORK OF
The men and girls in the surrounding cellar.
A visit is occasionally made to the streets
TO drive a bargain with the owners OF
draws which are drawn up in front of the
main entrance.
What has brought this peculiar line of
business iat0 prominence Of late has been
the fact that some of the principal national
hanks have consented to sell their vast &C
curnulatons of old papers. AS matter or
fact. when any such property passes ont OF
the hands Of the owner the buyer has the
right if he 50 elects, to inspect 1t for relics
or valuables and so the banks entertained
strong prejudice against too inqulsitlve
handling Of their old vouchers. 1t is low
estimate to put their holdings of such rub
bisa at ZOO tons. and. according TO Mr..
Washington Hills, manager Of the Roose-
welt street establishment it will be well
come relief TO many of them to find that
the Central National Bank consented to set
an example last week in the other direction.
Mr.. Hills said that he had continually
called upon the banks ever since he Lad
been in business, bat had always been met
with fat refusal. The vice-president of
the Central National Bank, however, con-
sented to investigate the matter Upon
being assured that none of the employees
who handled the old paper could either
i read or write, that the stock would be
& baled and shipped to the mills and made
Il into pulp within ten days, preliminary
sale and it is the first on record, was made
q Of three tons The banks are all now COM
8 Ing into line, and during the past few days
3 the vast Accommodations are being packed
d ready for shipment.
From the lncOngruous mass of stuff which
# comes within the observation of the dealer
IN old paper there are from time to time
q some valuable prizes drawn from his pur-
s. chases. l asked Mr.. Hills to relate few
Of the most remarkable finds he had made,
but he was a little different at first, since
he said that he had generally made it a
d rule never to inspect anything, except with
the consent of the owner. "Of course" he
continued. there are occasions when we
cannot trace to whom The property belongs,
and then we do not hesitate to give it a
"a thorough overhauling. The most ordinary
81 trophies we discover are autograph letters
and accounts, some of which date back to
the early part Of the present century. 1t
81 was only the other day that we fished out of
huge pile OF rubbish genuine letters of
Presidents Adams and Buchanan, a long cor
# reSpoudence OF eX-Secretary McCullocn and
81 OIL OF the minister to the court of St.
petersburg for a years salary, when the
compensation at that time was only $500
' per annum. Money IS seldom found nor
LOT tEat matter, bonds, although l ran
across one day good first mortgage bond.
81 payable TO bearer, with ten years of back
Eel commons attached In ! -, Ill
| StFeeU 10 ascertain its value my pocket was
icSed, and SO | derived no benefit from
Lhe transaction. Ia buying lot of old
@ paper from an insurance company, that
was about to wind up its affairs, we discov-
cred LOCO unaddressed envelopes with new
cent stamps on them, and naturally that
was a clear gain of $50.
tor 'A4 UN0'0 p"4 'NH''eS
hi living to the confidential relation that
ne dealer in old paper has with publishing
aouses ana newspapers, the name of the
ND Purcheser Is never disclosed The
R1Iillls, however, in New Y ork, Rhode Island,
eSSachusetts and the west are the princi-
pa pa consumers, although the manufacturers
wall paper ana common trunks take a
%" supply during the course of the year
=! present there is a lull at the mills. bat
nI9 - .iue 10 SO much paper being manufac-
rneu from wood pulp. There has even a
. VceSS been introduced whereby from a
''oe mixing Of chemical pulp, which costs
o5l'S pound, with wood pulp, costing 90
S hundred pounds, an article
n De manufactured which will
Tor a good book paper.
cannot deceive an expert, for all
oS are now made with oxalic acid. and
g Tn from natural causes this same paper
,nL VuIn brown in about five wears. Els
Sa grass IS also getting scarce. because
NY Nc gatherers OF it pull It Up by the roots
! bo lIvure crops are destroyed. The labor
lono ~ II INTO pulp, which cannot be
o ore s SNORT OF forty eight hours. involves
oDa LiucD expense, and the manufacturers of
D her,a are disposed to abandon its use
fld pap9rP' ~ plo''iiiiig prices paid for
~ on, tne trade has been extended now
tooI, ~ soEts OF articles, and includes paper
n5 paper, binders boards, bookbinders'
nd printers cuttings, books. newspapers
vo aIoIe waste. There is standard tariff
a Sa1g which seldom changes. It permits
Oo pVaier to pay about the following r,ricas .
"a sIocks, II cent per pound ;uewsbaners
VI cent; MANILA made of luta brtts
xbaviin Low y, manila, IA cents; hard white
books q cents; soft trimmings from
took Coz ~ ce4Gs waste, d to a cent, and
BenT, ~, 10 cents hundred"
hucb ~, an4lous to ascertain if there was
&ked M r0T H., attached to the business. I
II renijo,;; I. aus to give me some idea. and
Rance &C. o.,s .naG u would under no circum-
naned e o1,5 ~ per cent. upon the prices
y ould pot OF o ~ some Instances the margin