Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1910-05-19
SPAN6'S MILL IN THE
HANDS OF RECEIVER.
Was tO-COme- IntOTAmeri-
Gus Company.

The mill that was to have gone
into the hosiery mill company plant
that was suggested for Americas a
fortnight or 50, ago is now in the
hands of a receiver.
It will be recalled that a PROPOSE
ton was made to the business men
here by President Spang, of the Fort
Valley Yarn Mills, who for some time
was manager of the TOpsy Hosiery
Mills, at Columbus, to organize a com
pany here for the purpose of erecting
and operating a hosiery mill in Amer
icus. President Spang proposed to
put in the Fort Valley Yarn Mills,
the mill there to furnish the raw sup
plies for the hosiery mill here. A
committee that was appointed was
not satisfied with the result of its
investigations and the matter was
dropped. Now, as stated, the Fort
Valley concern is in a receivers hands.
The Columbus Enquirer-Sun tells
ABOUT IL as 1OlIOWS:
Coming as tie climax to a period
of uncertainty In which it was not
known whether the property would
be operated or would remain idle in
definitely, the Fort Valley Yarn Mills,
at Fort Valley, Ga, are in the hands
of temporary receiver.
There is much local interest in the
affairs of the mills, as a Columbus
man, Mr.. Henry Spang, has been its
president and active manager and
there are a number of local stock
holders, it is said, while there are also
some Columbus claims against the
company.
"On motion Of the Lowell Machine
Shop, which is understood to be the
heaviest creditor of the mill, and 9TH
ers, the company was placed in the
hands of a temporary receiver by
Judge w. H. FELTON,, of Macon, Judge
A. C. Riley, Of Fort Valley, secretary
of the company, being named as the
receiver. Judge FELTON, has set May
Goth as the time for the hearing to
decide whether the receivershfp shall
be made permanent.
ut is said that the claim of the
Lowell Machine Shop, which is repre-
scented in the South by Mr.. John Hill,
of Atlanta, is about $4,000. THE mill
is almost a new plant and a great
deal of the machinery was brought
from the Lowell Machine Shop The
company has a total investment vari-
ously estimated at from $4,000 TO
$4,000. Mr.. Spang was the leading
spirit in its organization and the ac-
tive manager of the enterprise. 1t
is said that much of its product was
taken by the Topsy Hosiery Mills of
Columbus, Of which Mr.. Spang was
then manager, this being before that
property was sold by the Ely and
Walker Dry Goods Company to the
Massey Hosiery Mills.
This has not been a good season
with yarn mills, and when the Fort
Valley mill lost the big orders that
tho Ely C Walker people had been
placing with it for their Columbus
plant it is said that the yarn mill was
rather hard hit. The company's af-
fairs appeared to come to crisis a
few weeks ago and a conference of
those interested was held in Column
bus. Mr.. Spang, the president, was
out Of the city, and had left instruc-
tons that as soon as certain raw ma
terial on hand had been worked up
to suspend operations, unless differ
ent instructions were received. No
fresh instructions were received, and
the mill shut down. The plant has
been closed since. There was talk Of
temporary receivership at the time,
although it seems that the affairs of
the company are now in the courts for
adjustment
1T is not known whether the petit
ton to make the receivership per-
manent will be resisted. Mr.. Spaug
who has been the active manager of
the property, could not be seen, as he
is out Of the city, and it is said that
he has disposed of his interests here
and left Columbus permanently"