Mr Fraser 'who had been manager of a small paper-mill belonging to Mr Adrian Watkins, who held the patents of King's Printer and Stationer' persuaded Guthrie and Arbuthnot to erect a papermill with five vats at Polton. The feu-charter and water-rights were granted by Calderwood of Polton in 1768. Through the inexperience of partners in the business the result was a fiasco, Guthrie and Arbuthnot became bankrupt in 1772 and the mill was rouped in 1774. The whole transaction involved the great banking house of Sir William Forbes of Pitsligo in a considerable financial loss.
More Information
Dates of Activity1768-1772
Activitypaper makers
Online Resourcehttp://www.nls.uk/ Scottish Book Trade Index online (list)
Place of Activity
Place of ActivityPolton Mill (1768 - 1772)
Names
HeadingArbuthnot and Guthrie used in: National Library of Scotland, Scottish Book Trade Index