Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-12-18
coo those is years old. They weren

see those IS years old. They wefeh
there last Friday"
He might have forgotten to mention
1.-THE new pickers. but how. when ne was
down there last Friday" how dld ne
lsee those old pickers that hadn't been
There for a year and half.
"Then you get to the warp spinning
frames, notice something l never saw
lbefore, two processes of drawing.
Perhaps that relates to the doublers
land not to the drawing frames, SO
will not use that against him.
| He saw a different number of frames
THAN there was there last Friday.
Ivou will find that he saw six short
lspring frames, when he was down
There last Friday" that weren't there
lat all.
1.-The 81 Lewiston Wrappers that You
lare running, you can't afford to run.
He didn't say anything about the two
new Wrappers. You take that letter
and l think you will find that it hears
internal evidence that Mr.. Pencils list
lis as of 1904.
l don't care when he was here, but
the question is, what list did he take
home with him? You take his list of
1904 and add on to it the value of the
rev machinery. about $4,000. and you
Twill find the total to be $4,000, above
what Mr.. Morang puts it with the new
knot tyer in. You are $22 above the
figures of the assessors and $4,000
above Mr.. Morang.
All these old mill men are pretty
well punched on the machinery.
l - :aI,
Sheldon is the apostle, Mr.. Warmsley
is the disciple and Mr.. Eaton the recent
convert are way down along the line.
Some of this property they wouldn't
value at all.
MIR. Sheldon and Mr.. Walmsley
found pickers and openers wouldn't
be worth anything.
1t was intimated by Mr.. Baker that
Mr.. Morang didn't know what they
| would cost.
Gentlemen you can get them built
by any nrachinist in the United States
at STE.
There is machinery which is up there
and running and yet Mr.. Walmsley
and Mr.. Sheldon valued them as
| nothing. Anybody could get low va
uation that way. Mr.. Sheldon did1't
value machinery so at the Lockwood
mill He didn't set the pace up there.
Mr.. Abbot made fair and honorable
valuation and set the pace there.
MIR. Sheldon valued those Watervilla
mules at so cents apiece and Mr.. Mo-
rang's estimate for the new ones here
was 43 cents apiece.
When we asked why he valued these
mules here as nothing and those there
at 90 cents he took refuge behind that
saying that there was q subtle bust
ness reason that ordinary mortalS
couldn't understand.
Now these looms are run by hands
running is hours each. These looms in
this mill run 1855 picks a minute and
in the Diaper book they say that I6t
picks is full fast enough.
There are 1899 looms Draper looms
in the Lockwood mill. identically the
same machine. Up there they are
only running 1877 picks Il minute, the
only difference.
His appraisal on the same looms put
in on the same date and appraised as
Of Apr. l, 19O5-$11O each and down
here SAG each.
Mr.. Sheldon appraised this whole
mill on the theory that it was running
slow and that the card waste was not
put back into the cotton.
A modern card makes 4 per cent
waste and these are making L. The
waste should go into the cloth.
Either Mr.. Sheldon did know about
that waste or he didn't. If he knew
and didn't say so. he was making a de-
liberate attempt to deceive you. If
n ~ n tic ne-ts tasy
amount to.
His experience has been with fine
mills. In those mills they don't put
the waste back. They sell it. They
get stronger yarn and they can
speed up their front rolls.
And Mr. Sheldon was figuring that
they didn't put that waste back and
| has figured up all this loss of speed and
production on this basis.
l don't think he knew. 1 think his
| examination was SO superficial that he
| didn't know.
Mr. Eaton calls all this machinery,
| 100000 worth, he can't get it quite as
| far as nothing, so he makes it $4,000
He gets even by calling his accessories,
which Mr.. Macarthur calls $4,000 and
Mr.. Walensley $111.0OO He only calls
| them 1000. Between he and Mr..
| Walensley there is difference of $49,-
900. OF course when you estimate a
plant that way, you can get way
down.
| 1 have been interested to see what
| Mr.. MOrang'S estimate on these Draper
40 inch looms was. He found that
they would cost $50. He has esti-
mated $l10.93 Mr.. Sheldon estimated
them at Waterville at $40. difference
Of SO cents on fair estimate.
This machinery is the only item,
| aside from water power where the ex-
| pert evidences is valuable.
The next item want to take up is
the buildings or which there is a vast
difference. Mr.. Morang's estimate was
$325. 900 and Mr.. Pennelrs $1SO,O0O.
Suppose we took old No. / mill and
placed it at the north end of the con-
| tinuOus stores on Water street. Old
No. 1 mill would reach nearly &c
Bridge street.
If this sun of prosperity which Mr.
Titcomb and others think that they can
see rising above the horizon ever does