Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-06-02
BOUGHT.
Tho MANCHESTER PLANT SOLD TO
A NEW COMPANY.
INCLUDED IN 4. Big DEAL.
Decd Recorded showing Transnc-
lions of n Million and n Half Dol
Iars-Anothcr Plant In Virginia.
Other SOuth-Sidc Items.

The old Richmond Standard Spike and
Iron Company has sold its property in
Manchester to the Richmond Standard
Steel, Spike and Iron Company. and the
old plant is soon to be made new and a
great business done.
The deed Of bargain and sale was filed
yesterday afternoon in the Clerks Of
fee of the Hastings Court, and with 1t
first mortgage on the property by the
new owners. in favor of the City Trust
Company of New York. to secure loan
OF a million and a half dollars.
This is one of the largest deeds ever re-
corded In this city. The State tax on
the mortgage was 81 $780, the city tax
$3.50 The United States received Sis
for sale of stamps on the mortgage. ana
for the deed of bargain and sale Si4. An
idea OF the size of the transaction may
be gained when II Is understood that ii
cost In matter OF taxes ana lee 10 Nierh
Of the court S2,S66.2o.
GREAT THING FOR VIRGINIA"
The Richmond Spike and lron-Works
are located at Decatur street and the
canal near First street. Mr.. Corbin
owning this property, and Mr.. Dudley
Mcdonald secretary. The property Is
assessed for State and city taxes al
$3.50. The property is conveyed TO the
Richmond Standard Steel. Spike and Iron
Company, with Mr.. +. Fred. Pierson, Jr.i
president, and Mr. George NJ. Bailey Sc
cretary. This company mortgages The
property TO the City Trust Company oil
New York, of which Mr. j. Il. Curran II
president, and Mr.. Arthur Terry assistant
secretary. FOR a, loan Of $l,CJOO. the
Spike Company also issues 0,VW BONDS
for the principal sum of 800, payable
thirty years after date, bearing pei
cent. similar plant at Iron Gate, Aiie
ghany county, is also conveyed to th'
Richmond Standard Steel and Iron Com
pany.
These transfers were accomplished
through Mr.. William L. Royal, agent
MIR. Royal stated yesterday Afternoon
that the plans of the new company were
not in such shape as to be given ou
Just yet, but he thought they would De
i'm a short time. He could only say, IL
continued, that at will be great thlnt
for Manchester. Richmond, and Virginia.
The Spike Mills" as they are familiarlI
known. were put in operation about elgh
wears ago, but have not worked regularly
or AT full capacity in the last rev years
THEY ARE BUILT THAT WAY.
Navor Maurice held court as usual yes
ter,lay morning. He mad before him 70
engage his attention four little negroes
who had allowed themselves TO follow
the propensity that springs eternal Ill the
bovish breast of throwing stones. his
Honor. after giving them lecture ana
Sunday-school talk, considered me Oh
81 each sufficient further punishment
Their parents paid the money for them.
PERSONALS AND BRIEFS.
Mr.. Il. w. Smith has returned to Colds
boro', n. c. ,.,
Mrs. +. A. Lamb Of west Thirteenth
street. is detained at home by sickness.
Russell. the son of Mr.. Henry Fltzger-
add is convalescing. 81,
MIR. /. ID. Fendley is detained at his
residence by illness.
Messrs. +. j. Watson, OF Old Point, ana
Henry Elan, of Hampton, are Vlsllihs
Mr.. W. +. Whine, on Porter street.
Mr.. Mosby Pulliam, who is very Ill al
The residenee of Captain Moore. in Ches-
terrified county, was reported no pe'tei
yesterday. H.,
Dr. Il. A. Crostlc and wife and DR.. Hen
nv O'Dell. of New York, who have been
visiting Mr.. ]. =. Robinson, have return
ed TO their homes
Miss Lois Swami, who has been quite
sick at the residence of her sister. MIS-
Hooker left for Gainesville yesterday,
from which place she will go TO her nome
I'm PoWhatan