The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-08-03
VALUABLE PROPERTY
DISPOSED or YESTERDAY AT PUBLIC
AUCTION.

/ Dunlop x McCance mills and the ma
chinery therein were offered for sal
at public auction on the premises
These mills are about one hundre'
yards east Of the Manchester end o
MayO's bridge. and between the Man
chester canal and the river. The water
power j. obtained from the canal il
sufficient quantity to run double tn
capacity OF tine mills. The building
are tall. mainly Of brick. with a woodel
addition. " hich every one passing owe
Mny0's bridge can see. This wooder
addition ir for storage purposes.
The mills were sold to Warner Moore
the we'll Known proprietor Of the girls
and corn mills at the foot OF Seven
teenth street. and who also conducts
the flour and milling business gener
ally. The price paid for the mill and
machinery was Sf2.OOO
The property was put on the market
for sale in pursuance OF resolution
adopted by the stockholders of the
company. The proceeds of the sale
were to be used to pay off the first and
second mortgage bondholders. The
hfst mortgage bondholders held bonds
amounting TO $40 600. The second
mortgage amounts to $50, 900.
The sale was advertised TO take place
at - o clock.
At that hour many Richmond capl-
talIsts and merchants were at the mills.
Prominent among them were Messrs.
Isaac Davenport. Jr.. Charles l.. Todd,
II. b. Talliaferro. ). G. Fairbanks. War
ner Moore. Charles Watkins, Byrd War
mick. Phillip Haxall. Frank Dunlop
and James l.. Robertson. the latter OF
Manchester.
Mr.. r. b. Chafiin mounted pedestal
aud cried out the property. How much
viii you give me for this valuable prop
erty? said he.
Mr.. W. w. Baker. of Baker, Martin &
Co. owners of the sumac mill near the
Richmond and Danville Railroad
bridge. said So 600. This bid was cried
for little while when Mr.. Charles
Watkins said $4,000. Mr.. Baker at
once said S3i 900 and Mr.. Watkins fol-
lowed with a bid of S32 900.
IL was some time before another bid
was made. Mr.. Chaflin. with a good
voice and better lungs. kept crying
that figure. and it was thought that the
gentlemen present had stopped bidding.
The situation became somewhat weari-
some. Mr.. James l.. Robertson, of
suddenly said. | will give
-33 600. Mr.. Watkins promptly raised
him - 600. making his bid $50, 900.
Mr.. Warner Moore here placed him
self in front of the auctioneer. His feet
and legs were encased in tall rubber
boots, which showed that he had been
loing good work at the mills on the
,outh side of the dock, near the foot Of
seventeenth street.
He stood and looked on. and Mr..
Jhaffin. with his persuasiveauctionee 3
'oice. asked him TO cast away his rub
Der boots. which were necessary in
Richmond. and come TO Manchester.
where the streets can be walked in gOl !
len slippers.
Mr. Moore may have been influenced /
,y Mr. Chaiiin's advice. At any rate /
be- shortly bid SIG. 900 for the property. !,
lr. Baker followed with "a bid of /
rs 600. After the bid had been cried
or a while Mr.. Phillip Haxall said
80 600. Then there was a lull. The
and millers present began to
ak pleasantly together. leaving Mr.
haiin 90 the arduoUs duty OF crying
be- last bid. The auctiOneer displayed
euius in his efforts to get more bids,
nd soon ms labOrs were rewarded.
Mr. Baker then offered $4,000. just
ere Mr.. Charles J.. Todd, who had not
iken part in the bidding. said 81 900.
ld q few moments later S42. 900. thus
Idding against himself He decided,
rough. 20 allow the $4,000 bid to
and.
There were no other bids, and, after
ying the property at the last-named
Id. MIR. Chailin Knocked it down to
r. Todd.
An the time that the bidding was
ping on Mr.. Todd stood and looked on
IF bee was merely listener. So when
. made his two bids those present
ought he was purchasing the property
T. himself lie soon let them all know
e true inwardness Of the matter. He [
"a been bidding for Mr.. Warner
GORE. G
y
nose name the sale was made Mr.. 1
odd replied: "l'll let my friend Nr.
aruer Moore have it. He has gotten c
good bargain. J.
The next property sold was the coop 1
shop and lot on the corner Of Stock
u and Second streets. Mr.. Warner c
pore purchased this for ST 900. max b
< the total amount of his purchases
5000. :
The amount realized at this sale will :
rely pay of the first mortgage of
d 900 after all the costs Of sale have q
en paid In addition to this $4,000 :
ere is due one years interest. The
lders of the bonds under the second Il
,rtgage will receive nothing.
lAe new machinery placed in the =
lls within the past five years cost d
~srs. Dunlop & McCance S72, 900.
is goes along with the buildings All -
re sold together.
Mr. Warner Moore has indeed OBJ
ned bargain. The sale is not sub
{ to the confirmation OF any court.
Is "a bona fde sale. and Mr.. Moore
GERS into the absolute possession Of
newly-acquiTed property the mo
nj be carries out the terms Of the
here was q rumOr yesterday even
that The second mortgage bond
ders might sue out an Injunction
prevent the execution of the sale
restrain the trustees from turning
r the property 70 the purchaser.
lr. Moore no doubt cOntemplates
ng The mills for the purposes for
ich they were contemplated
formerly u'ed. Yet even as
speculation the property is
mo- 10 pay. A man who knows how TO
, would have little trouble in fiud-
purchaser. North or West. who
aid pay large advance over the
e paid yesterday. Indeed, il was
ught Yesterday that a purchaser ~,
ling 10 pay 500 900 for the property &C.
ld easily be found The general be- ca
Is that Mr.. Moore has secured "A bo- NY
n. and will devote the property to W
OWL milling business. 81
THOMPSON On A BICYCLE. 49,
superintendent of the Police TeIe- Il
'aph and Fire Alarm Ia "A New Role.