Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-11-01
Commissioners Mill Recommend To-Day
That the Bid Be Accepted.
WORK TO he nEerN AT ONCE
The stone buildings to lie Completed
I'm Nine Months-scverai Hundred
Persons to he Given EmpIoymcnt--
The Price, sI35,o0O.
The Price, sI35,ooO.

The fat has gone forth that the hsxali
Mills, one OF the old landmarks. is to
succumb to the march OF progress.
No one will regret the fact, howeven
since it's disappearance means the promo
tion OF an immense industry, giving
means Of livelihood to some four or five
hundred persons and employing Of at least
a million dollars capital.
This is no visionary scheme. The plans
have all been thoroughly matured ana
the necessary capital fully subscribed.
To-day the recommendation OF the com-
missioners in chancery--Judge w. Josiah
Leake, Mr.. Frank T. Christian. and Mr..
W. T. Crenshaw, of Baltimore-that the
bid of $4,000 for the mill property shall
be accepted will be submitted to the pre-
siding Judge In the Chancery Court.
THE OFFER lis MADE.
Dame Rumor has been busy with this
matter for several months but the facts
are briefly these a syndicate, OF which
Mr.. Henry Lee Valentine is IN control,
has offered the above named sum for the
Haxall mills. IL this bid is accepted by
the Chancery Cortland there seems to
be little doubt but that 1t will--the old
mill is to be razed to the ground TO make
way for a paper and pulp-mill. The ca
pacity of the proposed new mill will be
thirty tons of paper and twenty tons or
pulp per day, but IL will be built TOR
double that capacity. -Ae plans have
been drawn by Messrs. Tower 4 Wallace.
architects, OF New York, and the work or
construction will be begun ~ once. All
the proposed buildings will be of stone
and concrete. and It is estimated that 10
will take nine months at least to con-
plete them.
THE STOCK ALL SUBSCRIBED.
The stock in the company has all been
subscribed through the First National
Bank, and the capital behind the enter
prise is said to be practically unlimited.
The gentlemen who are the promoters
have been particularly cautious in their
negotiations and dealings, and no undue
publicity has been given to the affairs OF
the syndicate. SO cautious have they
been, indeed, that even last night they
preferred not to say anything until ths
Judge of the Chancery Court has con-
frmed the sale. Mr.. Henry Lee Valen.
tine, who is at the head of the syndAsate,
was seen last night, but positively, de.
clined to discuss the matter.
WILL REPORT IT FAvoRARLY.
Hon. b. Il. Munford, counsel OF the new
company. was equally uncommunicative,
and Judge Leake, one OF the commis-
sloners In chancery for the Haxall Minis,
could give no other information than THAI
the bid of sl35O00 offered by Mr.. vaIon-
tine had been favorably recommen ied,
and that several smaller bids had also
been received and considered.
The consummaton of the plans OF the
syndicate follows upon months OF tho
shrewdest flnanclering and unremittins
labor. The great field for such an en-.
terprise was readily recognized. and tns
negotiations tended to show that its PROS
poets of success leaves little or ne room
for scepticsm.
Its successful accomplishment means
great deal to Richmond, and there is
room TO believe that this motive was a
very real one, with some at least OF the
men interested.