The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1896-03-05
A NEW INDUSTRY.
A Branch OF Big OH" Concern Locating
Branch Here in the Former hudson
Packing House Building.

A Branch OF u Big Ohio Concern Locating
u Branch Here In the Former Judsor
Packing House Building.
A large factory in this city, which
has been vacant for years, has passed
into the hands of the Walker company
OF Cleveland, O., manufacturers of ma
chinery for electrical purposes. This
company will establish an important
branch of its business there, and 1t has
bought the machinery already in the
buildings. which was used by the Stand
ard American Electric company now
defunct and is adding to 1t a large
consignment Of similar machinery from
Boston from the plant of the Console
dated Electric company in that city.
The Ohio company. 1t Is stated, mas
also bought out the business and plant
OF the Boston company, just mention
ed. A representative Of the Ohio COM
panys New York office is in town di-
recting the locating Of the new ma
chinery. The Walker company has it's
main office in Cleveland, and has
branch offices in New York city, Phil
adelphia and st. Louis 1t is an old
concern, but was recently incorporated
with capital stock, it is stated, of ST.
000, 900.
Yesterday a mortgage deed for two
and one half millions Of dollars was
filed by the Walker company in the
New Haven town clerks office. BY this
deed the Ohio concern mortgages all its
property in Cleveland, o., and New Ha-
ven to the Central Trust company of
New York
In the deed the declaration is made
that the company Is about to make eX-
tensive additions to and Improvements
in it's works, to extend its business OF
manufacturing and that it is necessary
to use a large sum of money therefor
and for the further purpose of paying
for property acquired and to be ac-
qulred in Cleveland and New Haven.
The Walker company has determined
therefore to ssue $500 81 900, first mort
gage 6 per cent, semi-annual, 2o-year
bonds and to secure them by mort
gage and deed of trust conveying to the
Central Trust company all the corpo-
rate property real and personal rights
and franchises of the Walker company,
except account and bills receivable. and
including pieces OF land in Cleveland
and the appurtenances of the factory
numbered 40 to 156 Winchester ave-
nue.. this city.
The mortgage Is given in consdera-
ton of the receipt Of 81 and is signed by
President Frank Billings of the Walker
company, and e. Francis Hyde, second
vice president of the Central Trust com
pany.
The Ohio company expects to employ
about 100 men In this city. Its factory
here is large enough for force Of $50
men Secretary Ludwig OF the com
pany is expected to arrive in this city
this week
The company's factory here is on
Winchester avenue, and is known as
the old Judson Packing House building
having been built by the Judson broth
ers and conducted for many years as a
packing house. About four years ago
the building was purchased by the
Standard American Electric company,
and operated by that concern until two
years ago, when business was suspend
ed and the property passed into the
hands Of James w. and Mary T.. Hinck-
| ley of New York Mr.. Hincllley who is
chairman of the New York state demo-
cratic committee, was president of the
Standard American Electric company.