The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-05-03
NOTICE OF SALE.
Valuable Water-Power and Milling
Property.


Property.
Under and in pursuance OF judgment
of the Superior Court of Wake county
duly rendered at February term, 1895,
of said court in an action therein pend
Ter, ct al VS.. The Raleigh Paper Co.,
ct al" the undersigned Commissioner
will expose to public sale on the premises
OF said Raleigh Paper Co. at the Fails
of Neuse" in said county on
MONDAY, JUNE 5TH, 1899.
the following described real and per.
sonal property, VIZ.
a. A certain tract or parcel Of land
known as The Falls or Mills tract,
situate on both sides of Neuse River at
the Great Falls" of said river adjoin-
ing the lands of Mrs. Nj. NJ. Holding,
ii. j. Askew, j. NJ. Crenshaw and 9th
ers, and bounded as follows: Begin
ming at a cr0ss-cut in the bedrock on
the left or north bank of Neusa River
near the mouth of the mil-race, the
ccrner of a tract of land owned by said
H. j. Askew and NJ NJ. Holding; runs
thence by an old line north degrees,
west 43 chains to poplar stump on
the mountain branch; thence down and
along said branch south 50 degrees.
40 minutes, west 3d. chains; thence
down and along said branch to its mouth
and across said river north 80 degrees
ID minutes west 6.77 chains; thence
down the right bank of said river, at
high-water mark, 50 chains to the head
of the dam; thence south ) degrees
minutes west 2.27 chains TO stake on
the hill; thence south II degrees ) min
utes east 23.16 chains to a holly, in Cren-
shaws line; thence north 30 degrees
east 11.SO chaiI S to and across Neuse
river, to the beginning, containing 121
acres, more or less, and known as the
Fails Mill tract"
Also all the improvements and build
ings situate on said land (excep. one
brick and wooden addition hereinafter
mentioned); and also all the machinery
and appliances for manufacturing paper
and otherwise which were on
said land and used in connec-
ton with the water-power on the
same on the 9th Cay of June. 1893, and
all other machinery and appliances put
on said land since June 9th, 1893, which
belong to said plant under said decree.
All of said land, Improvements aud ma
chinery will be sold together.
e. A brick ana wooden house ON sald
land built as an addition to the origin
al building; and also 100 horsepower
steam engine, and 100 horse power steam
boiler and a lot of shafting, piping, pull
leys, pumps and other articles and ma
chinery by said decree declared to be-
long to w. w. Vass, Jr., trustee.
go One IS inch Foudrinier Paper
Machine consisting of Foudrinier part,
council and press-rolls, dryers, calen-
ders, cutters and other necessary appli-
ances and attachments of said machine;
also "Marshall'' driving train complete,
with shafting, 40 horsepower steam
boiler. ~ inch Success" water-wheel,
comprising a complete modern machine
for manufacturing paper, and other ar
tices by said decree declared to pelong
TO the First National Bank Of Char
lotto.
"a One 80 horsepower steam engine
and fixtures.
The aboye-described real estate COM
prises one of the best and most availa-
bic water-powers in central North Car
DINA and has for more than 80 years
been the location of large paper.mill.
There is sufficient power to run several
paper-milIs and cotton factories or other
manufacturing plants. 1t lies within
four miles of Neuse Station and two and
one-half miles from Wyatt Station, on
the Seaboard Air Line Railway ard
about 12ls miles from the city of Raleigh.
The aforementioned machinery to-
gether comprises all the machinery and
appliances needed for the operation of a
large paper mill. The machinery as in
Dictated above will be sold I'm three sep
arate lots and each lot will be identified
at the sale.
Sixty days will be given the purchaser
or purchasers from and after the sale to
remove from the premises the property
respectively purchased.
Terms of sale: One-third cash-hal-
ance in equal instalments in one and
two years, with interest from day Of
sale.
Time of sale: II o'clock, m.
CHAS. i'll. BELVIN,
Commissioner.