The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-01-29
THE ACME MANUFACTURING COMPANY'S
PINE FIBRE PLANT SOLD
The Consolidated Pine Fibre Company.
OF New York, Bought the Factory and
the Patents for Manufacturing Fibre.
The Price Between 100000 and
$500, 900.

eral counsel for the company, Mr.. |
Montgomery Wadden, Of New York,
consulting engineer of the
and Mr.. Charles Pierpont Phelps, or
Boston, representing the banking house |
of Phelps & Co.
Mr.. Phelps comes to look after some |
copper mining interests in North Car |
DINA, and Mr.. Fanshawe and his asso- |
ciates came TO Wilmington to complete |
the purchase of the Acme Manufacture
ing Company's pine fibre plant at Cron-
~ n. ca the Company's patents owe
ing the process for decorticating the
needles of the long leaf pine and their
manufacture into fibre, the company's
franchise, etc.
Mr.. Fanshawe completed the trans
action yesterday afternoon with Mr..
WIEllam Lalmer. who represented the
Acme Manufacturing Company, and
while no statement of the price for the
roperty has been authorized by the
purchasers, it is between $200, 900 AMI
$500, 900.
The American Consolidated Pine FL
bre Company is a New York corpora
tion with a capital of 1000, OG1. and we
learn that it proposes to utilize it's
Acme patents for the purpose of manu-
ilS plllC lpIC ou d ldISS SCAR
throughout the long LEAF pine regions
of the south. The factory at Cronly,
which is now in operation, is to be
greatly enlarged, and other factories
will be built wherever the company
deems it e~Xpedient.
The value of pine fibre for manufac-
turing and Industrial purposes has be-
come widely acknowledged, and it's use
for various purposes a created a
large demand for it. The purpose OF
the Consolidated Company is to manu-
f~acture the ibre and supply the de-
mand for it both in this ountry and
Europe. 1t is g very superior material
for use n manufacturing mating, cot
ton bagging, Irvine, paper stock, the
manufacture of mattresses and mats,
and in numerous other lines for which
it las peculiar and acknowledged
ada~ptability. The fact is. the uses for
this luz material are increasing
day after day, and it's manufacture is
destined to be anothe ource Of wealth
in the long leaf pine sections Of the
south.
The factory at Cronly was establish
ed some twelve or fifteen years ago,
and We believe it is the pioneer pine
fibre producing plant in this country.
The Acme Company also owned the
most VALUABLE patents for converting
pine needles into fibre. In the manu-
facture Of fibre there are several BIZ
products, such as spirits t~urpentine,
pine oil, etc, and the Consolidated
Company's franchises also cover these
products. The company's franchise
also embraces the manufacture of other
fibres.
Mr.. Henry E. Fanshawe, of New
York, president of the Consolidated
Pine Fibre Company. which on Friday
became the purchasers of the Acme
Manufacturing Company's pine fibre
patents and franchises and it's fibre
plant and spinning n weaving mill at
Cronly, visited the factory yesterday.
He went up on a special train Which
left the city at 10 a. m. on the Sea-
board Air Line n returned to the
city at 5 p. m. Accompanying him
were the company'S general counsel,
Harmon S. Graves, ESQ.,. of New York,
Mr.. Charles Pierpont Phelps, Of the
Boston banking house of Phelps & Co.,
who finance the scheme. Mr.. Montgom-
cry WaddelI. of New York, consulting
engineer Of the company. Mr.. William
Latimer, of this city, president Of the
Acme Manufacturing Company, Cap
tain Henry Savage, of this city, a
stakeholder of the Acme Company, and
others.
Mr.. Waddell remained at Cron1y with
assistants to prepare plans for putin.
the present plant in perfect order, and
to plans and specifications for
new buildings and machinery with a
view to charging the plant to ten
times its present productive capacity.
He Is working under orders to make it
a model manufacturing plant, with all
the system, perfection and thoroughs
ness pertaining to the most approved
northern idea of a manufacturing es-
tabliShment.
The present plant consists of the
fibre factory and a right extensive
spinning n weaving mill for making
yarns from the fibre and weaving mat
tings with the same. Plans will be
made at once for the erection of an ex-
tensive mattress factory, and other
buildings to accommodate the machin-
cry for weaving mating and other fab
RIGS from the pine fibre yarns. Ar
rangementS will be made at once to
build a spur track into the company's
plant to connect with the Atlantic
Lines Cronly stem running out
from Brinkley.
While the improvements to the pres-
emit plant are being made. such as over
hauling the machinery and repairing
the buildings, the factory will necessa-
rily be shut down a few weeks. In the
meantime. Mr.. Fanshawe says he de-
sires it understood that the
VIII 81 iiSAld iOHS puTCndSluS all the
pine straw the people in the counrry
can supply and is ready to make con-
tracts with all who desire to furnish
the factory with the raw material from
the forests. When the machinery Is
overhauled the factory will resume op-
erations n be run continuously to its
full capacity. without interruption from
the arrangements to be made for the
contemplated addition. There will b.
no laying off of the hands at the fac
tory while the machinery of the estab-
lishment is being put in order.
When the company gets it's plant in
order ten times more hands Will be
employed than at present, and Of
course the company will require ten
times more pine straw for consumption.
As stated in yesterdays Messenger,
pine oil is one of the BIZ products in the
process of making fibre. and we are in
formed that the oil product will be so
considerable as to make the company
the largest producer Of pine oil in the
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