The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1913-08-24
TWO PAPER MILLS
IN BIG MERGER
Richmond Company Sells Manu-
featuring Business and Brands
to Standard.
WILL CONTINUE AS JOBBERS
Enormous Blotting Paper Plant
in South Richmond to Be
Enlarged.
WILL CONTINUE AS J0BBERS

Papers wero signed yesterday trans
ferring the manufacturing part OF the
business of tho Richmond Paper Manu-
featuring Company, together with ma
chinery. stock. finished and unfinished;
brands. goodwill and name, to the
Standard Paper Manufacturing Com
pany. The amount involved, whiIs
known to be large. was not made pub
lie. The Richmond Paper Manufac-
turing Company will reincorporate as
the Richmond Paper Company, and will
herearter do only wholesale and job
bling business. tho Standard PAPER
Manufacturing Company to continue
as manufacturers only. dealing in moth
ing out the products of its own mills.
Both OF the concerns are old estab-
iished Richmond houses, whose brands
nave been sold round the world The
Standard company is already the largest
manufacturer of blotting paper in the
world, and the taking over of the
brands stock, business, name and ma
chinery Of It's chief rival will increa Sc
It's business at once moro than so per
cent. Its plant occupies several blocks
on both sides of Hull Street. just at
the south end OF the new Mayo Bridge.
Old Plant Sold to Railroad.
several weeks ago the Richmond Pa
manufacturing plant. situated between
Arch Street and the canal. at the south
end Of Eighth Street. to the Atlantic
Coast Line Railroad Company The
deed provided that the company was
to give possession within ono year from
date OF sale. or that IL might give pos
session and accept payment of the pur-
chase price at any time on thirty days
notice.
The Richmond company also owned
a coating plant in South Richmond. and
has its Offices and stock-rooms at Gov
ernor and Ross Streets. where the com
pany carries a large stock of general
papers of various manufacturers.
No real estate is included in the
transfer. The Standard company will
take over the machinery in the Arch
street plant, with the exception of one
machine for making news print paper.
which Is to be otherwise disposed Of
and VIII gradually transfer one brand
after another TO it's own plant in South
Richmond, where an annex is to be
erected
VIII Keep brands Separate.
In order 20 keep distinctive the va
rious brands and trademarks, which
are known around the world, and which
constitute the most valuable asset
transferred, the annex, In which these
brands are hereafter to he manufac-
tured. will be known as the Richmond
Paper Manufa curing Company Divi
sion of the Standard Paper Manufac-
turing Company.
w. l.. GOODWIN. Northern sales agent
for the Richmond Paper Manufacture
ing Company. will become the sales
manager Of this branch OF the Stand
ard Company's business
Since the death OF Andrew H. Chris
tian, president OF the Richmond Paper
Manufacturing Company. Thomas c.
been president. He is expected to re-
main as president of the newly incor-
porated Richmond Paper Company.
which Will retain the Governor street
offices and stock rooms. Bernard w
Lipscorib will remain as secretary.
Robert G. Thornton, now general man
ager. will become sales manager af
ter the manufacturing end OF the
business has been disposed OF
Robert s Crump is president OF the
Standard Paper Manufacturing Com
pany. corydon H. sutton. vice-presi-
dent. and James F. Ryland. secretary.
The deal Is understood to have been
somewhat in the nature OF a merger,
those stockholders OF the Richmond
company anxious to engage in manu-
featuring, and who had favored the
erection of n large new plant when
the Arch Street factory was sold TO
tHe IallTOou company, swapping their
stock for stock in the Standard Paper
Manufacturing Company. while those
who desire TO push the wholesale and
jobbing end of the Richmond com
pany's business retain their control
with the understanding that the com
pany is TO apply for a new charter
under the name of Richmond Paper
Company, and that Il is not again to
enter the manufacturing field.
Will Enlarge Factory.
The main factory of the Standard
Company. occupying an entire block
along tho river front just west OF
Hull Street is devoted entirely to the
manufacture of plotting paper. The
new annex across Hull Street. in which
the offices OF the company are located,
and which is almost as la.ge as the
main factory. mas n large glazing
plant for making arsenic finish and
calendered papers, but large part
OF its output is in blotting paper,
glazed on ore side. product used
largely for advertising purposes.
Secretary Rylnnd. OF the Standard
Company. stated yesterday that the
transfer from the Arch Street factory
would be made gradually, as space
could be provided for the machinery
in the Standard plant. and that it was
thought that all Of the operatives
could be taken care OF.