Sussex Print Works Expands
Has Purchased Two Lots at Andover Junction and
Building New factory.
Plans for an additional factory for the Sussex Prints
Works, to be located at Andover Junction, have been completed and the
work of erecting the building is now under way. Two lots were purchased
at the Junction of the Sussex Branch of the Delaware, Lackawanna &
Western Railroad and the Lehigh & Hudson River Railway, containing
a total of two and seventy-three hundredths acres. The new mill will
contain necessary machinery to finish and dye silks.
Several days [ago], william Dolan, the company's
attorney, left for record with County Clerk Arthur L. Wilcox a trust
mortgage given the Newton Trust Company as Trustee for the principal
sum of fifteen thousand dollars, covering a bond issue of like amount.
The bonds are the ten year, seven per cent. first mortgage bonds, consisting
of twenty-two five hundred dollar bonds and forty-one hundred dollar
bonds.
The new location is an ideal one for factory purposes,
having two railroads on which to make shipments, and a supply of water
from the Pequest river, which prove the sagacity of the personnel of
the "Print Works" in selecting this site.