The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-03-31

|rII $4,000 FOR
IRON WORKS PLANT
Petersburg Purchasers Will Begin
Operating Local Concern
April /.
Mr.. FINN NEW PRESIDENT
Equipment is Said to Equal That
Of Any in the Entire
South.
MR.. FINN NEW PRESIDENT

on April the Richmond Iron Works.
regarded az one OF the best equipped
plants Of it, kind In the entire South.
viii pass into the hands Of q party OF
Fetersburs capitalists. who will begin
operating It at once.
This statement was made Thursday
by Colonel Charles 4. wingo. president
~ the company which purchased the
plant three years ago and operated
Il until three montns ago. when 1t was
closed down
The Petersburg capitalists got pos
session Of the property for t7b.000,
which II considered low price. in
view Of the fact that more than $780,
~ was spent In its purchase and
equipment by TIE Richmond syndicats
which last acquired control Of IT,
n. A. Finn New President.
Mr.. ~. a. Finn, Of PetersburG. men,
ber OF the ffrm of Parkinson Z Finn.
general contractors. of that city, will
head the new company as president,
and II ID understood that he will de-
vote much OF his time for some months
IN m effort to put the plant on q sue
ceasful operating basis. Mr.. Finn. It
Ii UNDERWOOD, u now looking about for
3 capable manager. who will probably
b. procured Ia a short time.
One Of the objects Of the Petersburg
men In purchasing the plant 10 to man
ufacture . patent apparatus to pre-
vent the deraiiment Of railway cars.
Mr.. Finn being president Of the COM
pany which holds the patent and man.
known as the Lancaster Automatic
Haf2Wav CY0Hafn0 Coynpany
6. 4 q. Condemned Site.
The Richmond Iron Works 10 located
on the line of the Richmond, Freder-
tcixsburg and Potomac tracks. In the
vicinity Of the Fair grounds, having
been removed to- that locality three
years ago from its former site In what
was known an LumpHin's bottom. when
the Chesapeake and Ohio condemned
tho sitA for its new freight depot In
the valley between Broad and Main
utrseta.
Originally the iron works was loca-
ted at the foot Of Ninth street. where
the Atlantic Coast Line freight depots
are now located.
1T looks as II we are always In
the way Of some railroad" remarked
i former official Of the conesrn Thurs
dag, rand l reckon the plant will have
to get out of the way OF the r., F. a.
r. next"
The iron works was first operated by
Joseph Hall IL Co. AT present II is
Raid to have capacity for casting s0.-
900 pounds Of metal q day, In addi-
tion to turning out Their products on .
large scale.
Papefs ho4 Being Drawn
The legal arm OF Leake Il Buford IL
now engaged Ia drawing up the papers
0f transfer in connection with the re-
cent sale, and II is expected they will
20 to record In the next day or two.
Speaking OF the sale. President Win
70 said Thursday; Soon after we got
possession OF the plant. the panic OF
1907 came on. and we never recov-
cred from that handicap. The plant IL
an excellent one, and the new purchas-
ers doubtless regard themselves AZ
fortunate in getting possession of II
Tor $4,000. From what hear and
knew Of the owners, ] believe they will
meet with success in operating the
plant"
The retiring officers are: Colonel
/, Charles H. Wingn. president: George
&. Scott. vice president, and r. Massie
Nulting. secretary and treasurer.