The times. [volume] (Richmond, Va.) 1890-1903, 1898-11-01
BIG PAPER AND
PULP PLANT HERE
HaxaII Mills Have Been Bought for
This Purpose,
SYNDICATE WITH 100000
Sale Was Made Subject To Confirma-
ton Of the Court. and IL is Believed
Work To Establish the Enter
prise Will Soon Commence.
SYNDICATE WITH 100000

That valuable piece Of property known
as the Haxan Mills, which has been shut
down for quite a while and has been In
the hands OF the court, was sold yester-
day subject to the continuation Of the
court.
The price offered was $4,000. The pur-
chasers agrecd to assume the ground rent
which amounts to $4,000. This will make
the total amount paid for the property
sl55 900.
The property was bid I'm by Mr.. Henry
Lee Valentine, who IL Is understood is az
the head Of "A big syndicate which pro-
poses to establish $LCWVd paper and
pulp plant here.
Mr. Valentine was seen last nigh and
asked about the purchase of TIE property.
lie declined to say anything for puOlica-
ton.
TO PUSH IT ALONG.
II is understood. however. that - The
sale is confirmed by the court. which S.
believed TO be q matter OF form only since
the bOndhOldcrs have decided 20 recon-
mend that such confirmation be made,
the syndicate which was formed TO IS
tablish this big enterprise Will soon COM
mence work. and will push 81 along as
rapidly as possible so as soon 20 have the
plant i'm operation. 10 is not known
whether or not those behind the scheme
are Local or Northern capitalists, but
there IS reason 10 believe that a good
deal Of the stock will be subscribed 10 by
Richmond business men, while some If
the stock will be subscribed 10 by North
ern capitalists.
The enterprise will be one Of the biggest
started IN Richmond for many a day. j
of people. and will put a large amount
Of money In circulation here.
SEVERAL AFTER IT.
The Haxan-Crenshaw Mills property
has been in the hands Of a receiver quite
a long time. The mills were shut down
some time ago. and while several bust
ness men had their eyes ON the property
with q view 20 buying it the bids were
not thought TO be large enough 70 justify
the sale of the plant. Mr. Il. A. Catlin
sOTne time ago. representing MI. =. w
Travers and his associates who proposed
the establishment Of compressed air
plant here offered $1,000 for an option on
the property for sixty days. Other over
lures were recently made 90 get the plant
but when the bid referred 10 was made
yesterday Il was decided 10y the honl-
holders 90 recommend 20 the court ihdl
the sale De confirmed.
II is not known whether or not water
powcr TO any great extent Will he en-
Moved I'm The new plant though there IS
some reason to believe that 81 IS the pur-
nose of those Interested IN the scheme 10
avail themselves so far as possible or
the water power at hand. Nothing mas
vet been given out as to what sort oi al
ditions or alterations will be made IN
the building. il Is thought that II VIII
7,s rotnodaiod az least in part, and That
some additions will be made 20 meet the
requirements Of the new plant
HISTORY or THE PLANT
The original Haxall Mills which these
reDlaced were bdilt iu 1909 by the rrand-
father Of the late Captain Philip HaXal,
who was president OF the HaNall-Cren-
shaw Company. They first gave Rich
rnopd prestige in the -four trade. the
nrcsont mills vere built I'm 1874. They oc-
cuDv q tract of seven acres on Iyfd lsl-
and. which has Il frontage Of "m rect ON
the James. The capital stock or tho
coronouv was $500 on The plant IS one
OF the largest I'm the city. u had
copacitv To produce liO0 barrels OF -four
dov and besides this n mill Of capac-
itv 10 produce 100 busrels Of corn moo
daily. The mills used 10 employ 10 hanos.
They are equipped with a water motor
of five overshot and five turbine wheels,
and they have every facility provided ior
the recent of grain and the shipment ~
ffs nrOducfe They have track '1llhfc-
tion with the railroads centering here.
II IS believed that the plant Is ndmfa-
blv adapted 10 the purpose for when me
now syndicate expects TO use 81. and the
announcement that such plant j. 10 pe
established rere will be interesting 10
business men generally.