The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-09-27
SINCERITY
MILLS.
Cecil County Court is Now
Hearing Exceptions To
the Sales COnfirma-
ton.

| The Circuit Court of Cecil county, Mary
land, last night began taking testimony
In tho matter of the exceptions to the con-
flrnation of the sale of the Singerly Pulp
and Paper Company's property in Cecil
county, including The paper mill at Provi-
dence and the pulp mill at Elkton. This
| property was sold by the trustees, William
Il. Warburton, Joha s. Writ and Albert
| Constable, under a decree of the court to
Thomas ii. Savery, representing syndi-
cate of Philadelphia and Now York cspi-
talsts for s105.O)O The holders of $780,
900 of the bonds of the Singerly Company
and the purchasers were represented In
court. y,
The exceptions to the cou firmation Of
the sale allese that the price received for
the property is grossly inadequate. and
that the property will bring much larger
sum should the court'not.confirm the sale.
but allow it 10 be put up again at public
sale. Witnesses on the stand offered large
sums for the property.
The witnesses for the exceptants were:
Benjamin Wolf, Walter 7. Bradley. John
S. Writ. James S. Mccartney. George
Stewart, John II. Schultz, w. G. Pollock.
Jr., C. II. Laird, Jr., Charles NJ. Stevens
and Alexander Balfour The witnesses
fer the trustees were William 4. Warbur.
ton. Thomas H. Savery and Albert Con.
stable. (:
James s. Mccartney. who was treasurer
of the Singerly Pulp and Paper Company
since its incorporation, In $780, testified
that the paper mill at Providence cost
$l,0S0, 900. and the pulp mill at Elkton
$ig2, 900, and that he considered the prics
for which the property was sold greatly
Inadequate He stated that he knew Of
persons who did not attend the sale of the
property because Of the limit Of price fixed
by the court,and that it was not generally
known that the limit had been removed.
Charles NJ. Stover, Il paper manufacture
er and dealer, of Philadelphia testified,
that he did not attend the sale OF the prop.
erty at Elkton because of the limit Of
price placed upon the property by the
court He testified that he would have
been bidder had he known that the Limit
was removed and that he would pay
more than the amount the property
brought. Ho stated that he would bid
with view to starting tho mill up, and
considered he would have big bargain ie
be got it for something near his price. -
Alexander Balfour testified that he
would have attended the sale had he not
known that the limit had been fixed AZ
$3.50 OG0 He stated he would bid sl26 O0J,
and bid it now His bid was accompanied
BY a certain check for 5000.
Benjamin Wolff testified that he would
bid $l3O, 900 and deposit certified check p
for $4,000. He did not attend the sale be-
cause of the restrictions placed upon tho
property by the court.
Walter I. Bradley Of 1872 North Fif-
toonth street, Philadelphia, testified that
he would bid for tho property Sl23. 80
Si3 250 for the pulp mill and $50 200 for
the Providence mill-and with his bid was
q certified check for ST, 900.
He also testified that Senator Charles A.
Porter, of Philadelphia, had Informed him
that he would bid slsO 900 for tho property
The trustees testified that they had adj
vertsed the sale of the mills largely in
the newspapers, and that they received no
bids. Mr.. Snvery, who was ono Of the
purchasers of the mills, testified that tho
mills were not up to-date piauts and that
the location was bad; that he considered
the price paid for tho mills at .he time .
fair one.
Argument was commenced today, and
it will likely bs several days before the
court hand down IL decision in the case.
Much interest centcred in the case, aud
the court room was psoiol with people,as
both mills are now idlu and tue working
men arc auxiouss that the matter be
Strengthened out, in hope that the plants
naY nLain snnu la In nnarAtlOn.