Norwich bulletin., 1912-04-03

Arthur fa Perry, treasurer of the Washington Trust company of West eriy. was the purchaser of Lot No. l, at the receivers sale of property of the Westerly Narrow Fabric company, heid in the mill building In Beach gtreet Tuesday. Eugene B. Pendle- ton was auctipneer and at the begin ming of the sale announced the terms and conditions.
 In regard to the real estate he de- clared that the purchaser of the build- ing could purchase the acre of land in front of the building for S1, ,000 and that the whole or any part of the re- naa4ning nine acres could be had for . much less sum per acre. A cleaE tatie would be given of the property, Wita all taxes paid to the date of sale, and assurance of the Westerly town council that tine plant would be eX- enlpt from taxation for a period of eight years,
 By direction of the court, the re- seivers could not sell the real estate for less than s15.eQ0. When the prop eTty was actually put up for sale by AGotioneer Pend7eton, there was prac- Ideally only one bidder. MT. Perry 6id S1s,000 and when the auctioneer declared that two bids were desired to effect the sale, B. Court Bentley tncres sed the bid S6. Mir Perry met the raise and went $10 better and the property was sold to him for s15,015.
 The mill is 2 one-story brick build ing, well plastered and of first class construction, was built in 1909 and Wsed less than eighteen months The building is 11S feet inches by 154 feet 1 inches. with concrete founda- ton with floor plank on concrete4 and siag roofing, and carries with 1t one acre of land. Included in the sale of the building is the hydrant house, sDrinkiing system and other fire ap- Dliances, heating pla.nt. the electric plant machine shop furnishings and fittings, in fact Q mill property com piete minus the working machinery,
 Mir. Perry says he did not buy the property for the banking institution which he represented, but for a man. ufactJTing concern that probably would not occupy the property for at least six months, and would Do an in- dustry new to Westerly. One reason for keeping the real purchaser secret ho said, was that some of the help might leave and secure work in some other plant in the place where the purchaser Is now doing business, if the proposed removal to Westerly was known. Mir. Perry was asked if the veal purchaser was or was not the George W. Park Jewear,y. company of Providence, and he replied: T have nothing to say in that regard just noW."
 After the disposition of the real estate, tns sale of all the material in the building was commenced. There were szSout sixty at the sale, includ- ing miu men froEn several places in Rhode Island, and dealers in machin- cry and junk, the leader in the latter case DelI1g Max Gordon Of Norwich
 The drst piece of machinery sold was a Knowles narrow fabric loom, built in Worcester, which went for s52 to s. Waldman of Providence Then . lot of nine Steere looms were bought by Mir Waldman for s11 apiece, after only two bids. Two more looms of the same make were up for bids when Gordon arrived at tho sale, and he was very much fin evidence thereafter IS e bidder or purchaser on nearly avery one of the 240 lots disposed of He run these two looms up to $2450 and took one, tho other going to MT. Naldman for S22. Three other looms of the same make were sold for S11. SIC and SI.
 Electric motors sold for S1S.25, $18.5O, tl5.SO. s11.65, $10.25, $3.25. $3.75, s10, s, sz5, g and $16, and ranged from 9ne-quartSr to tilree-horse power. Textile electric switches were sold for ts and a4 each and drum friction drive wsRpeEs for s5. s5.50 and S9; & quill ing machine brought SIS.
 Tue highest pTfce realized for any che lot tn the building was s28250 for Foster make, 50-spindle No. 13 sJ1oe and conc sllain winder, with var table speed. counter and motor stand. A blocking and winding machine was sold for S6.b9, another for $7.50, and another blocking and winding machine for eight blocks brought S3150 l16 w1re steel beams, 15-inch, sold for SIP. 220 iron beams, l4-inch, for SIP, $50