The times. [volume] (Richmond, Va.) 1890-1903, 1898-07-19
A New Firm to Open Up a Big
CIolhing ard Furnishing House.
Mr.. SAKS MAKES A STATEMENT.
They Sell out Because They Wish 10
Use Mr.. Cans as Il General Manager
and VIII Give Way to the Pur-
chaser August 10th Next.
Mr.. Berry VIII open Up
q Mammoth Concern.

ono Of the largest deeds OF bargain ana
sale of recent years was filed in the
Chancery Court late yesterday afternoon.
The deed referred to conveys the prop
erty at the corner of Eleventh and Main
streets. known as "Saks Corner" 20 Mr..
O. II. Berry. OF the firm OF y. H. Berry
q Co. who are at present located AT
the corner OF Tenth and Main streets,
for the stipulated sum OF $1,000.
Besides the sale OF the real estate at
the figures above mentioned, the entire
stock and fixtures OF the Saks Company
wholesale and retail furnlshers, occupying
the pudding. were also purchased by Mr..
Berry at the additional sum OF s'3,ea
FOR TIE SUM or Sl4s. 900.
The deed OF sale was made on the lith
day Of July between Andrew saks ana
Jennie ROhr Saks, his wife Of the city OF
New York. and was ACKNOWLEDGED before
A. VI. Loukey, a notary public Tor the
county Of St. Lawrence, y. y, on July
18th.
The property now occupied by A.. Saks
& Co.. at the corner of Eleventh and
Main streets. once belonged 10 Mr.. }. 3.
Pace. from whom IL was purchased by
the Planters National Bank. w1o sold
it TO Andrew Saks for the sum )f $1,000,
the same amount paid for 70 ny Mr..
Berry.
For number Of years ;h9 name OF
"Saks" has been to lachmoudcrs tho
SYNONYM for high-class g9ols in their
particular Hne. but now, with this SAFE
the name Will DE known i'm Richmond no
more. for under the contract OF the sale
a. Saks cannot start up business house
i'm this city again.
THE MOVEMENT.
Mr. Saks was first approached on the
subject by Messrs. j. Thompson Brown
& Co. who negotiated the sale, some
time ago. who tried TO get them TO form
"a branch stOre on Broad street Ht the
Masonic Temple. formerly occupied by
Woodward q Lothrop. the great Wash
ington merchants. This interview cul-
minated I'm this sale.
The deed and other papers were pre-
pared also by these enterprising real es-
tate men. and they were submitted 10 and
approved by the counsel for the principals
to the sale.
Ex-Goverlor OFerrall was the legal re-
presentotivc of Mr.. saks aud Senator
Martin represented Mr.. Berry.
Mr.. Berry wil' az once begin the trans
fer Of MS business from Tenth and Main
streets - tle Saks' Corner, where ne
will open up iG e. short while one OF the
largest gentlcmcns furnishing stores
south OF New York.
Tho sale is an unusually large one and
much work was entailed upon the real
estate firm of j. Thompson Brown CO.
20 bring 10 about
MR.. sAKs' STATEMENT.
when seen last night at the jefferson
where hc was stopping yesterday Mr..
f.I I'm IA g.
MY reasons FOR selling our building
ana business can he briefly stated. lnt.l
NV brother and / desired 10 have Mr..
Cans. the manager here, absolutely free
90 aid us in the management of our vari-
Ous stores. I'm the event OF absence OF
one OF managers or ourselves, either by
sickness or off on n vacation We have
in Mr.. Cans a man familiar with our ar
fairs and thoroughly competent.
1--WE nave recently Just attained man.
hood here. having been here twcnty-one
years. and ] am pleased 20 say not one
of them has been Improbable.
owe sold 90 Mr.. Berry the bunding, Tx
lures and good viii together with $4,000
worth Of merchandise, and we have
agreed under severe financial penalties 20
give possession on August 10th next In
the meantime we shall use every effort 10
get rid Of the balance of our stock.
Il cannot express 10 you now much
feel indebted 10 the people for their con-
slant loyalty 10 our firm, and It's mana
gers here We have the satisfaction OF
knowing that our leaving Richmond is
regretted 10y many
Mr.. Saks expressed a genuine appre-
citation for the liberal way I'm which his
firm had been paironized. and said they
regretted 20 part with their many friends
here I'm a business way. He spoke in the
highest terms OF the energy enterprise
and fine judgment, tact and executive
ability Of Mr. Cans That gentleman has
a large number Of strong friends in this
city who will deeply regret 20 learn that
he is 10 leave Richmond. They will be
glad, however 20 learn of his well de-
served arvancement
Mr. saFs will leave for New York to-
day
MIR BERRYS PLAN.
II IS understood that Mr. Berry will as
sociate with himself few other prom
inent merchants and establish the largest
clothing and furnishing house I'm the
South He could not be seen last night
with reference 10 his plans. Mr. Berry Is
one of the most enterprising merchants
in the country. lie has built up big
trade that Is constantly increasing. By
fair and honest dealing he has won the
confidence and esteem of all who have
ever had transactions with his house.