Evening Republican, Volume 16, Number 92, Rensselaer, Jasper County, 16 April 1912 — Thread Mill Co., of Monticello, Bays New Mills. [ARTICLE]

Thread Mill Co., of Monticello, Bays New Mills.

Monticello Journal. A special dispatch from Greensboro, N. C., dated April 10, says: “By decree of the federal bankruptcy courts, the mill properties of the Rhode Island cotton mills, Spray woolen mills and American Warehouse company, all of Spray, N. C., were sold at public auction this afternoon for $422,000. The German-American mills and Lilly mills, also sold by coart decree, brought $486,000.” “All were bid in by the Thread Mfil Company, of Monticello, Ind., a subsidiary company of the Marshall Field company of Chicago, principal creditor and large bondholder of the bankrupts. The trustees will recommend that the court confirm the sales. The statement was authorised the Marshall Field company would" continue operation of the five mills without the loss of a day, and that large Improvements were contemplated, representing a total investment of approximately $2,000,000.”