The Abbeville press and banner. [volume] (Abbeville, S.C.) 1869-1924, 1904-09-21
THE FURNITURE FACTORY
Transfer of the Property by Receiver
John A. Harris.

AS stated in a former issue OF the Press
and Banner, the Abbeville Furniture Fac
tory was sold last Sale Day by Receiver
by Mr.. X. E. Cox for himself and his asso-
The property had been bid off at previous
sales. by MIR. Cromer, but he did not COM
AT the first sale 1t was bid off Mr.. Cromer
at $4,000. At a second sale 1t was bid OF by
him at sl4SoO Not eo%piyipg n with EEordsr the
put up $500 in earnest money, TO secure
further me in which to pay for the prop
erty. The time limits expired and the
property was offered for the ~ thiro r. oT tfme; e;
Sl4.6OO The terms of this sale requested him
TO make satisfactory settlement In hall an
hour. Not complying within the half hour
it was again offered for sale to the highest
When Mr. Cox bid $4,000. Mr.. Cromer
made higher bid. but the crier had oeen
ordered not TO cry his hid. The property
was knocked down to Mr.. Cox at his bid Of
sl3, 900 Mr.. Cromer OF his! attorney com
plained that sufficient time had not been
given Mr.. Cromer In which to settle. Mr..
would comply with his former bid of sl4,Gop
by next Saturday at four O'CLOCK ne mignI
still have the property: s.a.osrents are
not far from being correct, and as some
account OF the rise and fall OF this plant
may be OF Interest. we give the following
as approximating the facts. "
snrIssd and met
together when great earnestness was develop.
ed in the proposition to build furniture
factory. All went into the enterprise Wild
high hopes and none ever doubted the sue.
cess of O. furniture factory In A6beVille. a
subscription paper for the capital stock was
prepared, and without urglng anypoay tne
g r. Cromer 5000
S. Stark, 5000
w. G. Chapman, 200O
G. p. Hammond, Z,UU
DR.. l.. It. Hill, LOU
r. E. Cox, SU0
]. R. Blake, !,OOO
John L. Hill, l,00O
! Dr r. A, Neuffer, 500
We believe no subscriptions were sought
from the outside public, though the special
allowed to others. Among those who were
thus favored were:
H. NJ. Tate d Co, 2shares
Thomson Bros
George Gambrell, i
S. 6. Cochran,
And perhaps others, whose names we 40
not now recall. An organization was effected
| and Officers elected, namely: j. ). Stark,
President. S. F Cromer. Vice President; n.
G. Chapman, Superintendent y. +. HAM
mopd, Bookkeeper.
Subscribed money was paid in promptly
and gladly. Work was commenced, and Tor
time everything was as lovely ana as sweet
as a May morning.
| But, the Garden OF Eden could not be guard
ed from the entrance of evil. And so IL was
with the furniture factory. Jealousy or dis
content arose among the directory. Ihe
stock was good and the busines was all right,
but the question arose as TO who should con-
troll the business and draw the salaries. NO
body in the concern, so far as we are Inform
ed, ever doubted his own ability TO make the
enterprise an emf ent success But, as rule
there were doubts or misgivlngs as 10 the tact
and business qualifications OF the other fel-
| lows.
| MIR. w. G. CHAPMAN was the first to with
draw. After he quit he sold his stock at 81 IL
cents or 80 cents on the dollar.
In little while MIR. Starke sold his hold
ings, about fifty shares, to Mr.. >. r. Crolner