Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-11-06
An Industry Involved in Law Suits,

The machinery and affairs OF the Paper
Fabrique Co. of Basic City have gotten into
the courts here and will hardly get out
without a readiustment of the affairs of the
company. The particulars as we learn
them are as follows. In the Spring OF last
year the Messrs. Longley of Cincinnati, the
father and his sons, came to Virginia and
proposed to the Basic City Mining u Land
Co. to organize company and establish In
that town afactory for the manufacture of
wall paper, playing cards and other fine
paper. The Basic City Co. after investi-
cation and finding the Messrs. Longley
were competent from experience to con-
duct such a business, entered into a con-
tract with them. BY this contract the
company bound itself to furnish site
and erect a building for the factory for
which they were to receive $S,753, evil
denced by five pr0missory notes of equal
amount, and the Basic City Company
further bound itself to donate to the enter
prise $1,000 when that amount of machin-
cry had been put in the building. On this
agreement the Paper Fabrique Co. was Or
ganized. The company built the factory
for them and they put machinery estimated
to be worth Sic, 900 in it and started to
work. The machinery was purchased by
the Paper Fabrique Co. from the Birming-
ham Whitlock Machine Co. of Connecti-
cut, who took lien on it but failed to have
it recorded in Virginia. The Fabrique
Co. claimed to have plenty Of orders for the
work, but seemed to have undertaken large
enterprise with too little capital, and they
got in debt for material and to their en-
ployees. Some days ago All agent of the
Birmingham Whltlock Machine Co. of CT,
was sent down to Basic City and staid
there several days looking into the affairs.
1t appears that he came to the conclusion
that the best thing to do was to get the
machinery out of the State by the quietest
and shortest mode possible. Arrangements
were made to pack it up, which got wind
| and some of the creditors sued out attach
ments. The machinery having been load
ed in a car was first labeled on the freight
list for Washington, as the nearest way out
of the State, but finding that the Southern
train left some hours sooner, it was chang
ed and billed for Bristol, Tennessee. In
the meantime all the creditors of the Paper
Company had become alive to the situation
and the car having started South, an in
junction was gotten from Judge Grattan
by which it was stopped at Roanoke and
sent back to Basic City. This has brought
everything to a stop until the Circuit Court
which meets here November 10th, shall
hear the injunction.
| AS the matter stands now the Paper Fa-
brique Co. owes say some $12 900 to $4,000
The Basic City Co., which is one Of its
creditors for S., 1853. has also sued out an
attachment with other attachments for
| 1000 ahead Of it aid attachments for
| 81 900 on footing whit, so that company
will lose little if anything. 1t is hoped
some arrangement will be made by which
the factory can resume operations. The
whole trouble, as we are able to gather
| it, was that the lIessrs. Longley who were
perfectly competent to conduct the bust
ness they had undertaken, did not have
| command of enough capital to tide over
| the first demands Of new industry.