On February 12, 1874, the Felton Paper Company (1870-1874) was sold to a newly formed corporation, the Hadley Falls Paper Company. The $60,000 included the real estate, equipment and two mill powers.
This would be the third paper-making firm located at the former grist mill site near the Holyoke Dam. Besides the two aforementioned, Mount Tom Paper Company (1866-1870) was the first operation.
The incorporated business listed Joseph Carew as President and Frank Carew, its Treasurer. Members of the Felton Paper Company also infused capital and were a part of the new business. The new business was capitalized at $60,000.
One of the new firm’s members, a Mr. Merrill from Boston, was the inventor of a paper bag-making machine. The machine was capable of producing 100 side-seam bags per minute. There was consideration to install a steam-powered printing press to add labels to the bags.
The ownership planned to replace the boiler, add an elevator and make general renovations to the factory.
In 1877, Frank Carew died after sustaining severe injuries when a horse became frightened by a stream of water from a hose and pushed Mr. Carew to the ground against a fire hydrant.
On September 15, 1880, Hadley Falls Paper Company sold the real estate, equipment and mill rights to the neighboring Parson’s Paper Company for $29,000, significantly less than the $60,000 purchase price paid in 1870.
Citations:
Newspapers.com (paid subscription): Citations: Holyoke (Massachusetts) Transcript-Telegram; Springfield (Massachusetts) Republican; Boston (Massachusetts) Evening Transcript; Boston (Massachusetts) Post; publication dates and pages are shown.
Combined Map of Holyoke & Chicopee, 1870, Beers, Ellis & Soule, New York City, New York
Hampden County Registry of Deeds, Springfield, Massachusetts
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