Trouble Comes Up In The
Dare Lumber Company Deal
If Machinery, Mill Site, ^md Plant Were Owned l?y the Same
? Interests the Property Mi-ilit by This Tinu* Have Keen
Acquired 11y New England Pulp Wood Interests
If the machinery at the Dare I.um-i
bcr Company plant had not been in'
part dismantl* d. in all probability j
the property would now be in the)
hands of N> w Kncland pulp wood in
terests who are believed to be anx
ious to convert it into a pulp wood.
mill. |
Even if the machinery, the mill (
fit*- and the plant were owned by the
game interests, in all probability the
deal for the acquirement of the prop- I
erty would by this time have none
through.
Dut there's the rub. The mill and '
rite are owned by the Metropolitan
Life Insurance Company, which ac-,
quired the entire property of the
Dare Lumber Company under a
mortuage several years ago. The
Metropolitan recently Bold the ma
chinery of the plant, if current
report here is correct, to Seligman,
Williams & Ball, through D. E. Wil
liams of South Mills, who made a
deal with John D. Wostbrook,
Inc.. a Norfolk mill supply firm,
for the disposal of the machinery.
The Norfolk firm is the stumbling
block. It is not willing to dispose
of Its interests in the remaining part
of the machinery .at the Dare Lum
ber Company plant at a figure that
the pulp wood Interests, who now
wish to acquire the property, are wil
ling to pay.
1\ R. Katon. president o? the Na
tional Pulp Wood Corporation of
Vermont, was in. the city this week,
and on Wednesday, with H. L. Deck,
who recently made a survey of the
property for Mr. Eaton's corporation,
went over the plant, which he is said
to have pronounced the finest of its
sort he had ever seen, though he was
somewhat disappointed to find that a
considerable part of the machinery
had already been dismantled. The
Dare Lumber Company, when it
ceased "operation, had what was re
garded as a quarter of a million dol
lar plant.
Following Mr. Eaton's inspection
of the plant he and Mr. Beck were
In conference at the Southern Hotel
for practically all of Wednesday af
ternoon with Frank Kwlng of the
Metropolitan Life, D. E. Williams of
Seligman, Williams Ball, and J.
M. Nemo, vice president of John D.
Westbrook, Incorporated, in an effort
to come to terms and close a deal
for the plant. Uut the Norfolk cor
poration would not come to tortus
that were satisfactory to Mr. Katon
and the deal,* for the time being at
least, failed to go through.
"The-price for the plant and site,"
said Mr. Katon to a reporter for this
newspaper Wednesday night just pri
or to his departure for Hertford on
the night express, "is satisfactory,
so far us the interests which I rep
resent ar?- concerned, but I am not
agreeable to paying what I regard as
an exhorhitant price for the machin
ery."
Following the failure to close a
d?al on the ba*ls of acquiring plant,
site and machinery, Mr. Katon made
a counter proposition'^ to the Metro
politan Life Insurance Company
iookiug to acquiring the plant and
site without the machinery, provided
that the kilns, the lo? haul and the
conveyor ik left intact.
"I liainiud'-rstood." said Mr. Eat
on, "that tlw kiln equipment had not
heen Hold with the machinery, but I
And that I was milled, and that John
I). Westbrook, Inc., control the
kiln equipment also. If the Metro
politan Life Insurance Company can
arrange with John D. Weatbrook,
Corre& and
Corrective
TO Ret a shoe which
exprr ??e? the
mode with authority
?nd distinction if no
easy task.
And to possess a shoe
which scientifically
relieves discomfort,
supports weak arches,
ana prevents foot ills
ia cause for congratu
lations.
So it is not hard to
understand the en
thusiasm of the wo
men who have learn
ed that Menihan'a
Arch-Aid Shoes do
both to an unusual
degree.
Our scientific fitting
service is another rea
son why you should
visit this store for your
early Fall footwear.
MITCHELL'S
Inc.. to turn over to us intact the
kiln and other equipment on the ba
sis outlined In my counter proposi
tion. the d*al will go through."
The Metropolitan Life Insurance
Company has Mr. Eaton's counter
proposition under advisement, but
neither Mr. Eaton nor the other con
ferees teemed to be very optimistic
Wednesday night about Us accep-i
tance by the insurance company.!
Secretary Job of the Chamber of
Commerce, however, through whose
good offices the Dare Lumber Com
pany property was brought to the at
tention of the New England Inter
ests. Is more hopeful.
"In case this particular deal falls
to go through." says Mr. Job, "I am
very glad to say that Mr. Ewing.
learning of the interest hep? In get
ting this mill property productive
iagain, has promised all the co-opera*'
tion possible on his part toward that
lend."
How the Metropolitan came to ac
' quire the Dare Lumber Company
property, consisting of the milk liere,
a pulp wood mill on which $100,000
had been spent at Huffalo City, Dare
County and 176,000 acres of timber
land in that county. Is another story.
l)ri?fly, when Montgomery &
I Hirdseye got hold of the Dare Lum
ber Company in 1U18 they bonded
the property for $6,000,000. or about
$5,000,000 more than It was consid
ered here to be worth. Montgomery
& Hirdseye then got control of th?*
Pittsburgh Life, had themselves and
itheir confederates made directors of
it. and substituted the six million
dollars in Dare Lumber Company
bonds for six million dollars In good
and negotiable bonds in the vaults
:of the life insurance company. That
deal wrecked the Pittsburgh Life,
wreeked the Dare Lumber Company
and wrecked Montgomery, who at
last accounts was serving a term In
a Federal prison.
It was Montgomery who spent
$100,000 on a pulp-wood mill in
Dare County that never turned a
wheel. Prior to his venture and just
before the WoFld War, a paper man
ufacturing concern got an option on
a tract of land on the Camden side
of the Pasquotank River, near Eliz
abeth City, with a view to erecting
a wood pulp factory on that site. Hut
[that venture also came to nothing.
Nevertheless it is believed hCTe
that swamp lands of this section,
which are practicnlly valueless for
other timber, would be a source of
almost inexhaustible supply of raw
material for a wood pulp factory and
that eventually a way will be found
ifor the establishment of such an en
terprise in this vicinity.
Mrs. H. C. Armlstcad and Utile
daji^htor, Ora, of Matlhows County.
I Virginia, spent the week end. with
friends here und left for Currituck
I Tuesday.
* .Major League Baseball *
? ?*?****?
A.MKHICAX LEAGUE
yfMenlny'i Score*.
I'liila^lphia, 3-2: Cleveland. 5-6..
Boston, 3; St. Louis. 2.
N?*w York. J; Detroit. S.
Washington, 2; Chirauo. 0.
How They stand.
Won Lost Pet
Now York 0 4 4 9 .66 4
Cleveland 74 05 .532 i
Detroit 74 68 .521 j
St. Loui* 60 71 .493
Washington 70 73 .480
Chicago 65 77 .450,
Philadelphia 63 70 .4 4 3
Boston 56 87 .391
NATIONAL l.EAGl E
Pittsburgh, 6; Philadelphia,<fcr j
St. Louis, 7; Brooklyn, 5.
How ll>ey Stand.
Won Lost Pet.
Now York 93 55 .628
Cineinnati 89 60 .597 i
Pittsburgh 84 62 .571|
Chicago 79 60 .532
St. Louis 75 71 .513
Brooklyn 60 75 .478 j
Boston 50 05 .352
Philadelphia 46 100 .315
HAVE RKMKDY KOK
WATKIt l*OLLl*TI0N
(Continued From Page 1)
under development for eliminating
;oil-burning ships as a souree of pol
lution, none have been seen which to
date can be unreservedly recommen
ded for Installation on board general
cargo vessels. One or two of these
devices are promising, but more ex
perimental work is necessary. At
tention has already been called to a
promising oil-water separator for In
stallation on tankers; arid the need
for Immediate steps to develop de
vices and means for general appli
cation to general cargo vessels was
pointed out.
I - "It seems probable that. In addi
tion to any oil-water separating de
jvice, however effective, which may
be installed on vessels, methods" for
collecting and properly disposing of
,tank sludge and certain other oily
refuse will have to be generally
available in port if oil pollution from
? vessels is to be avoided.
"In the absence of separating ap
paratus aboard ship, the use of barg
es for colleetlng oil-contaminated
\v;tt. i and Oily refuse, in connection
with adequate facilities for the prop
jer treatment and disposal of such
; wastes, would seem to offer the most
immediately available means for co
ping with the situation after the
NEW FALL STYLES
AK1UVING DAILY
Owens Shoe Company
IIlutoti llulhliiiK
If Yon Snv It With Flowers
Say It With Ours
The Apothecary Shop
I'HOXK 40U
wsscl lias atriv? J In port It would
advisable lo havf apparatus for
*kimniint; and. coLU*<*tinu from tlf (
Mir lace of th? water palchon of fr?e ;
?>tl 'which nouii'tiiiH k r?su!t front ac- J
ri?l< ;il* In of all precautions." '
The report was hl^itod by F. \V.
l.;?n?\ of tin' ltur? au of Mine*. chair
man. \. I>. |taii?>r, oil expert of the'
ltur*au; II I*. FUh? r. r?preseniinc
jthe American ivtroleum Institute, t
and 1'. N. Hardinu. of th?> American
St* amsliip Owners' Association.
No Shortage of
Gas This Winter
Depend on gas for keeping
you warm! Strikes, short
ages, soaring prices, trans
portation difficulties threa
ten every other fuel, but
insofar as we can be sure,
gas will be sufficient for all
heating purposes.. And you
don't have to pay for it
months in advance.
To save the coal [rile
early this fall aild in
colder weather play
safe?install a
Radiant Gas
Heater
Portable types to be used
in any chilly room, or per
manent fireplace styles.
Clean, ruddy, radiant heat
like summer sunshine. No
odor, no bother, no care.
Sec the Fall Display
of Gas Heating Equip
ment. Here this week.
Arrange for installa
tions early, before the
rush season. Prices
this fall are very reas
onable.
Southern Gas
Improvement Co.
.1. T. HTAI.MVfiH, Mcr.
"They Sny Tlint <;?s Can I>|)
It IWii-K""
ViELIE
U E
New thousands are
driving this car
Its mounting popularity is today*s
marvel in motoring circles
You have alway* heard, "Velie
make* a good carl"
But today you hear, "Have you
?een thla year'* Velie??have
you driven it? ?have you exam
ined the motor in detail? ? did
you know it i? pressure lubricated
even to the piston pin*?and you
get 20 mile* or better to the
gallon?"
The huge percentage ofVelie own
ers who repeat when they want a
new car, is increasing daily.
But the neu' thousands, renounc
ing all former allegience and flock
ing to this Velie-58 are taxing the
factory's production ? and pro
claiming,byaction and word, a sew
leader in the medium-priced field.
Come In a nd drive th Is Vdie today.
Auto Supply & Vulc. C ompany
JUST
RECEIVED
BUCKWHEAT, Bl'I.K, per ll?. 6c
PRUNES, FANCY CALIFORNIA, per lit. 1 Ic
PEACHES. FANCY CALIFORNIA DRIED, ll>. 1 Ic
EVAPORATED APPLES. Extra Choice, ll>. 17c
NORWAY MACKEREL. 2 for 25c
Lettuce Tomatoes (, rapes
Celery Corn I'ettrs
(.rcr'ii Pepper:* Cabbage Peaches
MORGAN & PARKER
PHONES 2.>6 AM) 396
Ready With?
OUR FALL CLOTHES
And this la no half-way statement as the stock we arc showing
in our store is larger and more varied than ever before.
A look thronuh our stock of Fall and Winter Suits will reveal
every patterns that Fashion hps decreed as good for the new
season. Every garment is strictly hand-tailored in the stylet*
that are best.
In purchasing our stork we did not overlook the Importance of
Overcoats. We have both heavy ones for the more severe wea
ther? and the lighter one* for Hie cool days. It is of these lat
ter that wo want to speak especially at present. These ar?*
made of the newest materials?-featuring tweeds and knlttex.
Besides b#*inn light weight, th?y an* cravan? tt?-d. which allows
them to be worn on all occasions and in all kinds of wiathcr.
They are non-wrinkable and aoii-Khrlukable.
k
D. Walter Harris
'The City Tailor ami Clothier
YOUR SEVEN
LEAGUE BOOTS
'HE wearer i>f tlir "hovcii league IioiiIk" could
cover milex at u nlep. lint lie didn't liuve
a tiling on you.
A glance through your paper and you jump from
New York to Sun Francinco, I'hiliulrlpliiii to Lou
don, or from Montreal to Timliuktu. Ton know
what in fsoing on the world over almost an toon at
the ovrnt* occur.
Turn to the advertising columns and you urc tran*
porird lo the grocer*, the clothiers, the music
?lore; you visit llu- factory of u manufacturer, or
talk with the maker of u new household appli
IC i^slit in your own arm-cliuir, unhurried, mi wor
ried and without elTort, you ran make your choice
of good merchandise.
Merchant* and mimufacliirer* who put advertise
ment* in thin paper are progressive. They mutt
ffirv f({nnl value. They know that advertising, hy
increasing the niiiiiher of snlcs, will lower jiriccB
and give you more for your money.
The Advertisements Are Miles
Ahead Of "Seven League
Boots." READ THEM