Putnam patriot., 1923-10-26

speculation. He denied that he rep
resented the Fisk tire interests. Dur
ing the auction Of machinery in the
Morse Mill aud of office equipment, he
made quite extensive purchases. There
is much speculation in town as TO the
future of this mill property, but its
owner is saying nothing ut this time.
And until he does, nothing will b.
known.
A total OF 1890 parcels Of cotton
machinery and other equipment in I'll
Morse and Powhatan Mills were sold
10 the high dollar on Wednesday and
yesterday by James II. Hurley Of thu
firm of G. l.. & III. G.. Gross of Prov
dence. The bidding was brisk and the
sale was characterized BY Mr.. Hurley
as being entirely satisfactory and sue
cessful.
Sell Machinery for 10000
Machinery in the powhatan Mil
brought a total of $50, 900. and tn
machinery and Office equipment OF the
Morse Mill brought practically $40
600. Among the heavier buyers ef
machinery were the following: Harry
Leach Of Providence. American Waste
and Metal CO.. Max Gordan Of Nor
wich. James Beat and CO., Of Boston:
Textile Trucking Co. Of Boston: Law
renee heegan OF Wilsonville; Cromp-
ton Company Of crompton. x. L.; s.
Frazer 4 Blackway of Fall River.
Slater a Sons Of Webster; Fiana.
The Putnam Mfg. Co. Adams Mfg.
Co, H. X. II. silk Co. and Louis A.
Wolfe were also buyers.
Whether or not the III. X. III. Silk
Company intends moving its mill from
the present Harris property on South
Meadow street TO the Powhatan Mill.
could not be determined authoritative
Is today. A statement concerning the
future plans of the company will be
forthcoming soon. The II. X. II. Silk
Co. has two mills in Putnam, one In
Matertown, another In New London.
and still another. weaving mill. nj
Haverstraw, n. Y.
Auction Milis OF
At the appointed time on Wednes-
day morning and in the presence of
a large crowd of men, Auctioneer
James II. Hurley called for bids for
the powhatan plant This mill build
ing i OF brick construction, five stor-
les high, and fronts on Providenea
street for 1911 feet and along the
Quinebaug river, slxty-eight addition.
There Is brick picker house addition
of four stories and basement 90 and
hSxil feet, and an engine house add
ton. brick. one story and basement.
25x29 feet. In all. 1850 square feet
Of land was included In the parcel. To
the purchaser also went the privilege
forever of taking ,0Ou,u00 gallons OF
water from the Quinebaug river every
"a hours.
Loui. A. Wolfe Bids
When Mr. Hurley called for bids,
Louis A. Wolfe Of Putnam, president
of the l.. A. W. Acceptance Corpora
ton. which concern recently bought
the forty eight tenement houses of the
Nightingale Morse Mills, offered to
buy the property for 10000. This
bid was quickly run up to $4,000 by
other prospective buyers. At this hg-
nre Clarence Hammond Knowlton Of
Watertown, Conn.,. made his first bid
and he and a man representing the
Rosenthal interests of New York
competed for the property until the
Rosenthal representative quit bidding
with his offer Of S54 500. The proper
~ was sold To Mr.. Knowlton for $685.
900. As shrewd estimators OF the
cost OF buildings, under present con-
ditions. say that il would cost between
$2b0. 900 and $500, 900 10 build the
Powhatan mill as il stands. Il would
appear that Mr.. knowlton and those
whom he represents. came into pos
session Of the mill al real bargain
/ figure.
In all there were but four bidders
for the property.
Sell Morse Mill for $4,000
The bidding for the Morse mill was
even less spirited. This structure
fronts on Church street 1853 feet and
extends back as feet. II Is built Of
stone and is FIVE stories There Is q
picker house addition Of three stories.
5sx37 feet. and cloth house connecting,
franie, ore story, 32x22 feet. store
houses. Office building and some small.
er structures. together with i5f,bIV
square feet 81 land, were sold with the
mill building. The whole went under
the hammer 10 l.. j. Harley for $xhs-
900.
Begin Selling Machinery
After the auctioneer had sold for
the high dollar, the powhatan and
Morse mills. he took up the task Of
selling the 1890 or 50 lots Of cotton
machinery az equipment, Including
Office furniture and such like, The
selling continued right through the
day and was resumed again Yesterday
morning, not being concluded until
late yesterday afternoon. There
we're buyers present from all New
England states and states as far west
as Michigan and as far south A.
North Carolina Bidding was brisk
practically all the time. Considering
the market value % the machinery and