Putnam patriot., 1924-03-21

the property as whole, and 1t was afterward learned that he was acting for interests headed by William $. Cherry of Providence. millionaire president of the firm of Cherry & Webb. which operates large women's and children's ready-to-wear clothing stores in Providence and other New England cities. Mir. Cherry is a heavy stockholder in the Manhasset Mfg. Co. Associated with him in the at tempt to buy the local mill property are several Rhode Island men and Ed win " Livesly of Fall River, who for years was president of the Manhasset Mfg. Go. He rclinquished this position only about a year ago. Mir. Livesley is also heavily interested in the com lpany. He is president of the Canadias Manhasset Cotton Company of St. Hy- acinthe. Canada. and the Mount Hope | Spinning Company of Warren, k. l.. both of which mills were operated ia conjunction with the local mill and the plant at Taunton, Mass. The latter property Is to be sold at public auction next week.
 Not 10 Produce Tire Fabric unconfirmed reports are to the ef- l feet that Mir. Cherry and those inter ested with him in the attempt to buy the local mill property will. if they prove to be the buyers confirmed by | the Superior court, intend to engage | in the manufacture of an entirely diff l ferent class of cotton goods than has | been turned out at the local plant is the past decade. Those in a position to tell what they know on the subject. particularly if the report is true or not. would not talk for publication. And for very obvious reasons those actively participating in the attempt | to buy the mill in its entirely will not | say word.
 1 That the group headed by Mir. Cher ry has very definite plans laid and in- tend to carry them out if they succeed in buying the Putnam mill, is the statement that Is made on reliable in formation. This attempt to buy the mill IS made only after many confer cnces between those interested in the venture, the final one being held in Providence last week 1t is their in- tention, it is stated. should they sue ceed in acquiring the plant, to begin manufacturing operations as soon as possible.
 Would Operate III The plans n Mir. thefIs '. sasiNes~ iy and the others interesie s.tn them, their financial capabilities and re-
 sources, leads Putnam to hope that
 events will turn out so that they will
 become the owners of the property, so
 that machinery at the mill will be humming soon, aifording employment to a large number of people.
 The i' eai miil property was put af
 for sale at public auction by order of the Superior court. and the auction IS under the direction of the receivers appointed by court. Messrs. A. C. l Townsend and J. E. Strongman.
 Crowd Witnesses Sale
 When the auction was started on ] Tuesday morning. shortly after 10 O. | clock, there was a crowd of about 2O0 neorie on hand. composed of about forty to 50 mill men and others direct | ly interested in the bidding for the | property to be offered, and the rest of the crowd wns made up of Putnam men who had gathered to witness what transpifed. IL took almost half an hour for Mir. Richardson to reac the legal papers setting forth what was for sale. how it was to be sold, under what conditions bids would be reeeiv-