Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1911-09-07
WILL HAVE
GOOD EFFECT
ReOPeRingofNiII.
Starts Things.

Scarcely had the report gone out
that the Williamsburg knitting mill
lad az lass found a purchaser when
stories came OF improvementin local
conditions. his figured that when
the sale is confirmed and il is gener-
ally understood the plant viii resume
operations on a larger scale than
ever before known. business viii
again boom IN Williamsburg and
property. which has lost value since
me catastrophe a year ago, will 20
oack to normal Before the plans
closed there were some here who
derided IT'S importance to the com
nunity. but who since its collapse
nave been the loudest hswlers about
depreciation Of real estate values
FaradoNical as it may seem. these
squealers when the pinch came are
hot found on the subscription list to
get the mil on us feet again and re-
store lost values. Loyal Williams
burgers. however. fastened 20 sub
scribe to a fund 70 help as an induce
ment tor some man 10 buy the plant
and restore il TO the profit earning
side of the community.
The fund subscribed bylocal peo-
pie amounts to $1,000 inround num-
oers. and this viii be called TOR 10
installments as the improvements
and enlsrgemenis to the plant are
made.
/ Inc effect OF the report Of the
mill S sale has started anew the de-
nand tor real estate. A local agent
t-lls The Gazette tnat he hsd nego-
GATED the sale Of a building lot IN
Williamsburg on the strength OF the
sale. and that be had other deals
that he could consumate nowthst he
could not have touched before The
announcement OF the deal was made
ne says DC vii also be able 10 close
some deals for farm land which have
oeen hanging ire waiting tor this
announcement All III which gore
10 show that some Que has breD
doing things" for WILLIAMSBURG
The merchants. who have had =
dull year. have taken new heart ard
look confidently 10 the future.
There IS nothing new in the situa-
ton regarding the sale or the plant
Il IS now up 70 Judge Waddill. OF
] the Federal Circuit Court. tor cor
firmauon. There is not the sligbt.
est doubt but that the sale viii be
conrmed IN due course OF time. bur
there may DC a delay il the court
decides the plant must DC advertised
and sold az public auction. Amor
. nsys differ as TO the method OF
closing the deal. some holding thar
advertising and delay are unnecessary,
and that It's mere confirmation bv
the court IS all that is required.
5 Many former employees Of TIE
r mill have indicated their purpose 70
seek their old positions and are ready
when the call comes. A number
, have moved away. some 10 other
states. out il IS reported that IN
: some cases these former EMPLOYEES
viii come back. having lived here
: and liked the locality. Isis believed
that a majority Of the old EMPLOYEES
Will return in a very short tine after
the resumption OF business.
Some idea Of the importarce 10
? this community OF the larger mil
as proposed by Mr.. Groat. nav be
gathered when It is understood the
payroll will sun from $4,000 TO
100000 per year. The old plant
paid out about $4,000 per annurn
at It's best. Seven OF eight thousand
dollars turned loose in Williams.
burg each month ought 70 stimulate
Business considerably. The nopen-
ing of the plant has at least given
new heart TO the laboring classes.
lwho hal the news with Joy.