Norwich bulletin., 1912-02-09

s7iddErs from all sections OF New
EAgiand end from New York and Penn
sylvsnia. numbering nearly three hum
drcd. attended the auction sale of ma
-hincry and unfinished stock Thursday
Ia the big plant OF the Westerly Wool
an Mll company, owned by Senator
Louis W. Arnold and mis- brother, the
iate Warren y. Arnold. The plant has
been idle for some time and the AUG
ton sale is a step towards the settle
ment Of the estate Of Warren .. Ar
mold.
Among the bidders we're many He
hrews, who seemed 10 be in partner
ship al the sale, but in many instances
jhey were easily Outbid by representa-
lives OF mills who recognized the true
worth for future use while the He
0rews placed the valuation by the
pound
The sale was started by AuctioneeI
Eugene r. Pendleton of Westerly and
then James Hurley Of Providence con-
tinued the sale as substitute for Ma
FendletOn and under his local license
The bidding war spirited at times, but
the selling price was very low when
compared with the original cost of the
machinery and material
The sdlable stock was all arranged
in lots, numbered and catalogued, and
once commenced, the sale was contln-
Ied all day. lunch being served in one
Of the mill buildings which was reach
Cd by the auctioneers and bidders at
the noon hour
None Of the real estate was included
in the sale Thursday, and the future of
the big plant is not definitely known.
Il is located on both sides of the Paw
in excellent condition. 1t is under
stood that negotiations are pending for
the sale Of the plant to a prospective
manufacturing concern. II these ne
Eotiations fail, the property will prob
ably be sold in parcels to suit pur-
chasers and at public auction. There
was rumor at the sale Thursday that
the Bradford Dyeing association, Z. S.
A. now erecting an immense manufac-
turing plant in the Bradford section Of
Westerly. is seriously considering TAX
ing over the Westerly Wooden Mill
plant. to be used as a branch Of the
Bradford concern.
n the Bradford company takes over
tho Arnold property, the future Of one
Of the trio Of mill plants now idle will
have been satisfactorily settled. An
other idle plant, that Of the Westerly
Narrow Fabric company, is in the
hands Of receivers, who have been au.
thorized TO sell the plant at public auc-
ton. 1t is said that Z. ]. Ltpps, presi-
dent of the Lehigh Valley silk mills,
commission silk throwsters. with mills
in South Bethlehem and Fountain Hill,
Pa, and in Main street, Westerly. and
the representative Of jewelry manu-
featuring firm of Providence will prob
ably be among the bidders
II is known that the business OF the
silk mill has increased and that there
is need for more room. so that there
can be material addition made to the
number OF employees.
Effort was made to secure the first
hoor Of the segar mill property by the
Lehigh Valley SIX company. but with
out success, as II would inperil the
chances Of leasing this long idle mill
property, right in the heart Of the viii
lage fronting on Main street and in the
rear on the Pawcatuck river. II report
be true. there Is a prospect Of the
uiization Of the plant for manufac-
-uring purposes. and with an industry
hat win be fully as beneficial TO the
business interests Of the village as was
the Soloway company the last concern
70 occupy the Segar mill property.
The TeD0Tt goes so far az tO al a te