Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1924-12-03
citizen Group Talk Over Ad-
visibility Buying Machinery
Of Concern Which Has Ceas.
ed to Operate in lewiston
Four.Story Brick Building
Available - Would Call for
Sale Stock to Value of $780,
900 - Committee Named to
Study Project

fcneclal to The kennebec Journal)
uaIlowell, Me-, Dec. with a
,isw to the possible formation OF a
company to start a yarn factory in
,b,s city, several interested business
mon pathered at the Council cham
tsr in City. hall this afternoon, to
recn to the proposition as outlined
:, them by Harold NJ. Tibbetts. pres
.,ert OF the Board OF Trade, and
bc George L. Warner. one OF those
wbo first conceived the idea. With
them we're representative of the
Ayon Manufacturing Company OF
LEWISTON, which has recently sus-
pepded operations and now offers its
tn,ire stock of machinery together
with the name and good will of the
company IL this Is wanted, for sale
Al very attractive figure.
G. i, Packard, the general man.
anpr of that concern, briefly out
lined the offer made by the Avon
Manufacturing Company and ex-
blamed the reasons for sale. He de-
Tho manufacture OF yarn and that
with the comparatively low over
head In n city like Hallowell, It
could be made a paying venture.
while at the same time 1t would offer
further employment for the citizens
0, the place.
The plan as stated by Mr.. Tib-
belts was first brought to the at
tpntion Of Mr.. Warner by a friend,
Charles II. Baker of Newton. Mass,
who In his work az travelling man
learned of the mill equipment for
sale, Mr.. Warner laid the matter
before Mr.. Tibbetts and as a result
this meeting was called.
The sandpaper mill aS 1t Is known,
situated on lower Water street. Is
Available for this purpose and very
attractive terms are offered by its
owner, w. w. Vaughn. This mill.
which Is approximately 80 feet by
10 feet and four stories high. ap-
pears to be a fine place for such
concern.
The machinery which is for sale
Is sufficient to equip n mill which
would have II capacity of approx
mately $4,000 pounds OF yarn per
week. There are GS0S spindles to-
gt,her with all carding and other
machinery even to the electric mo-
tors for running the shafting. The
Industry would offer employment Tor
about 125 operatives and the pay
roll would he between $500 ane
5000 week.
The proposition as outlined would
call for the sale OF stock to the
value OF Sl5O.OO0 in all probability.
The men present at the meeting
were very much I'm favor of the en-
tire plan and q committee of nine
was appointed to talk the matter
over and TO decide II It would be
proper and advisable to undertake
TO float such n concern. 1t would
bs their wish IL this IL done to dis
pose Of sufficient stock In the city
10 keep tho control here.
This committee will meet within
few days to talk the matter over
and they will be greatly assisted by
Mr., Baker. who In his travels has
come In contact with many people
IN different cities and whose aid
slG be invaluable to the concern.
Those who compose this committee
are: Mayor Charles X. Tilden, Hen
~ d. Clearwater. George b. Warner,
Judge Fred Emery Beane. John NJ.
Robinson. Charles H. Baker. Frank
Winsate, Levi Williams and Harold
N, Tibbetts.