Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-23
In THE CONTINENTAL,
The heFactoIyOfP,H, |, Mayo & Bro,
Sold to the Big Company
THEP H. MAYO & BRO, BRANCH
Some Important Changes Are TO Be
Made In the Management.
MIR. =. II. MAYO WILL RETURN.
The Price Paid for the Factory Cam
not BE Ascertained-sketch of the
It's Inception.
MR.. =. II. MAYO WILL RETURN.

It's Inception.


which seeks TO control the plug-tobacco
output of the world, now has a branch
in Richmond. BY purchase It has ac-
quired the big factory Of p. II. Mayo e
Brother, Incorporated.
The deal was cOnsummated late on
Wednesday night In New York. The
members OF the local firm had been con-
sidering n proposition to sell out to the
Continental Company for some time. a
few days since Messrs. Il. H. Mayo and
Thomas Atkinson, with their attorney,
Mr. Thomas n. Carter, went TO New
York prepared to meet the officers and
directors of the Continental Company,
and close the deal. The offer for the
local factory being satisfactory to the
Richmond gentlemen, there was nothing
else to do but arrange the details. This.
however, was no small matter, and con-
siderable time was consumed before the
final transfer was made. The transac-
tion took place through the brokerage
firm Of Moore q Schley.
NOW Z. IL. MAYO & BRO. BRANCH.
With the signing of the final papers
the factory here became known as the
p. II. Mayo Branch of the Continental
Tobacco Company, and Mr.. p. H. Mayo,
the president of the old company, retires
from active business after long years Of
service, though he will still have his office
at the factory.
Mr.. Thomas Atkinson, vice-presldent
of the former company, is now managing
director of the local branch, and also a
director in the Continental Company.
MIR. Edward c. Mayo. secretary and
treasurer, becomes business manager of
the T. II. Mayo 81 Brother Branch.
Mr.. John w Atkinson, Jr., assistant
secretary and treasurer, is now the as
sistant manager Of the branch.
There will be no change in the clerical
force in the office as a result of tha sale
Of the plant. Neither will any of the
employees be molested. In fact, the fac
tory will go on just as it has in the past,
so far as the outside world can discern.
RETICENT ABOUT THE PRICE.
a Dispatch reporter made an effort last
night TO ascertain the price paid by the
Continental Company for the local fac
tory. Although he called upon several
gentlemen connected with the former
company, lie found them very reticent
on the subject. They positively declined
to give any figures.
1t is understood that a handsome
amount of money changed hands when
the final papers were signed.
BY the purchase OF the factory Of =.
II. Mayo q Brother, Incorporated. the
Continental Company now controls seven
factories. These are the plug-tobacco
plants Of the American Tobacco Com
pany. which include the Drummond and
Brown factories. Of ST. Louis, and the
following factories absorbed: Z. Loril.
lard q Co., Of Jersey City, n. j.; John
FINER x Brothers, Of Louisville. Ky;
p. j. j. Sorg & Co., and Wilson x Mccall
ley, both Of Middletown, o., and Il. IL.
Mayo & Brother. Incorporated
THE OLD COMPANY.
The factory that is now branch of
the Continental Tobacco Company was
established in 1880 by Robert A. Mayo.
In a modest way, I'm a small building
near the corner Of Twenty-ffth and Cary
streets. Mr.. Mayo was a great-grandson |
Of Major William Mayo, who came from |
England in l72O and, with Colonel Will
liam Byrd, laid out the cities o. Rich |
mond and Petersburg. Mr.. L. III. MAYO
is son Of Mr.. Robert a. Mayo. and |
early in life became associated with his |
father in the business, which had. by |
mat time grown 20 considerable proper |
tons. and soon developed a remarkable |
aptitude for the business Mr.. W. $. p.
Mayo, also associated in the business.
likewise displayed great talent in the |
same direction.
Later the factory passed into the hands |
of Il. II. Mayo & Brother. Mr. w s. r.
Mayo died in 1873. In 1871 Mr.. Thomas |
Atkinson was admitted TO an interest in |
the business.
a MILLION CAPITAL.
The business was INCORPORATED I'm 1890
with capital Of s2j0,00O, minimum, and |
81, 100000 maximum. In 1874 the firm
moved TO the spacious factory on Seventh |
street, which now occupies third OF a |
block. a large portion OF the plug fac
tory was burned in 1884, but IL was imme-
diately rebuilt. The factory has been I'm
continuous operation since its establish
ment, except during the war, when the
building was used as a hospital for sick
and wounded Confederate soldiers The
factory usually employs about 800 hands.
and has an annual capacity Of from 1000
l00 to 100000 pounds OF the manufac-
tured product.
Long before the war the MAYO firm
brought out the celebrated navy tobacco.
which for years was used exclusively I'm
the United States navy 1t has had a
large eastern and foreign trade IN the
other brands that are made at the fac