Evening Republican, Volume 15, Number 115, Rensselaer, Jasper County, 15 May 1911 — John W. Paxton Invests In Lumber Business at South Bench [ARTICLE]

John W. Paxton Invests In Lumber Business at South Bench

John W. Paxton, who several months ago sold his banking interests at Longmont, Colo., has purchased a big lumber business at South Bend. The following article from a South Bend paper tells of the investment: The big factory of the bankrupt Miller & Donahue Lumber company, is now the property of John W. Paxton, brother of Joseph C. Paxton, lumberman and banker. Mr. Paxton’s bid of $37,125 for the property was formally accepted today- Possession Will likely be given at once. Mr. Paxton has not decided what disposition will be made of the plant, which is at Division, Carroll and Monroe streets, but stated today arrangements will probably be made in a few days. Joseph C. Paxton is also interested in the deal. Mr. Paxton purchased the property at a public auction held Monday, after two attempted private sales had ended in failure. The bid has since been approved by Referee Harry C. Sheridan at his office at Frankfort,. Ind. A report of the sale was made by Stuart Mackibbon, attorney, who served as clerk.