The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1893-07-12
THE PLUSH MILL.
A Desirable and Valuable Property--Gov-
ernor Robbie Speaks of the Opportunity
Offered to Investors.

Offered to Investors.
Ex-Governor Frederick ROBBIE, assignee
of the Plush Mill, gave to PRESS repre-
sentative yesterday some particulars in
regard to the approaching sale of the
mill, notice of which will be found in
our advertising columns. Gov. Robbie
said: 1.-THE property of the Portland
Plush Mill Corporation will be sold at
auction, by the Assignee, August sth,
at half past two O'Clock, on the premises
at South Portland. There remains
nearly one month for the capitalists of
Portland and other localities to consider
the practicabiliy of making bid for this
desirable and valuable property, and at
once starting an industry which will give
employment to our people and trade to
our business men. 1t was started as a
Portland enterprise, and many Of the
were induced to take stock in this bust
ness enterprise from a well made up
statement that it would be profitable
and popular investment, and there ex-
lists deep disappointment in its signal
failure. 1t is now too late to remedy
the causes of its failure by placing the
old organization on it's feet. This bust
ness enterprise needs sufficient capital.
should be we'll equipped with business
men, and have frugal management by
parties interested in the business. who
understand all of the details and de-
mands of manufacturing the right kind
of marketable plush goods. Thus it
cannot fail to succeed and bring great
advantages to this locality. The good
and sufficient reasons which were so
strongly urged in favor of the profitable
manufacture of the various kinds of
plush goods, can be urged with as much
force as when our citizens were first in
duced to aid in raising 100000 to start
this new enterprise The original idea
can now probably be effected by an auc-
ton purchase, for less than one-half
that amount. One reason of its failure
was the lack of sufficient capital to ac-
complish its objects. We have
The Largest and Best Market
in the world for plush goods, and mar
vellously increasing population and cor
responding trade merit attention. The
present high tariff on plush goods, of
100 per centum, on foreign manufactures
is practically prohibitory, and gives us
our own market. The vast fortunes that
have been made within few years, in
the manufacture of plush goods, measure
the profits, and foreshadow what can be
accomplished. The location of the mill,
which is in close proximity to steam
navigation to the cities of New York and
Boston, for the transportation of raw
material, manufactured goods. also the
cheap purchasing market, at its own
wharf, of coal, gives this enterprise SUI
perior advantages. The mill property
that is to be sold. has Just been finished
and is we'll equipped and practically COM
plete in every respect, for the manufac-
ture of all kinds of plush goods, and it's
capacity is only one-half occupied. for
double the number of looms can be put
up under the same roof. The several
parts of the construction and furnishing
of this mill. which make up the entirety
of the plant, were substantially let out
to the lowest bidder, and created
close competition. The mill was econ
omically and well built and furnished,
and the machinery is all of the most
.AAoSOAh 'ftAu dPPlONOA SAlol uOCCls IL c
lot on which the building stands, meas
ures nearly two acres, and was largely
the donation of I. G. Atkinson. The
treasurer's books show, by proper vouch-
ers, that there have been
Expended in Cash
for the mill, machinery and other con-
tents, raw material, &c., 1922, 746.05.
The result of this entire expenditure
remains intact, and undisturbed by any
sale on the part of the company.
OF this amount the foundation,
building and cost of contract. $34, 80
The machinery purchased in Eng
land, including duty, freight and
expenses, cost 2O,557. %
cry. ....:................... 5,527.eo
Steam heating, by contract. $3.50. $780, "a
Shafting by contract. .......... 2,629.21
Sprinkling system. ................ 3O9.3 80
Electric light, by contract. 17S18
Steam plant, by contract. ....... 3,738.37
For bills for freight lumber. cart.
ing, furnishing office, coal, and
pf of