Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1889-09-29
IMMENSE ENGLISH TRUST.
Fifty Millions of Dollars Expended In
Breweries, Mills, sc.
fnlnrrn nh "a The nianafch1

CHICAGO. September 23.-The expendi-
ture of $500 600 by two English syndi-
Gates for the control of an extraordinary
aggregate of industrial enterprise in the
United States was completed IN this city
to-day. Levy Mayer, the well-known Chi
cago lawyer, was one of the agents IN the
great purchase, and to him was left the
matter of making public the summary OF
the transactions, or rather tho extended
series of transactions The party Of Lon
don capitalists is headed by the present
Lord Mayor Of London, Hon. Henry
lsaacs. The syndicate includes in their
membership a great number of British
bankers and trustees of large estates IN
the United Kingdom. No business
was acquired for them in the United States,
which has not paid at least 1915 per cent.
per Gear for the past five years, FIGURING
mills and breweries and grain-elevatOrs
have been favorite Investments. The man
agemeat of each of the various enter
prises will be placed in the American
boards Of directors@ubiectt to the control OF
the board. Doesn't this tend 70 the
establishment of a huge British trust y
Mayer was asked this evening. on, no! -
said he. There is no combination. Each
enterprise is operated separately and dis
tinctly. The plan is not one of aggression
bnt of conservative, sure Investment"
Hostile legislation, IL ia learned, has been
cleverly evaded. The alien law of Illinois,
estate to foreigners. II was designed
to prevent the requirement of farms
in Illinois by certain English land
lords for rack renting" purposes. The
syndicate got around this statute by
having the ownership of the necessary real
estate Incorporated and then acquiring the
stock of the company, which, legally, Is
"personal," not real" estate. The pur-
chasing committee, or at least two of its
members whose identity has not been dis
closed. left Chicago this evening en- route
to the Northwest and intending TO so from
there to Omaha and Kansas City, where
further purchases are now being con-
sidered. The titles Of the following pro-
perties have already been turned over TO
the syndcates Bemises and McAverv
breweries of Chicago, Wacker and p
breweries of Chicago. Albany brewery Ot
Albany n. Y, Jones's brewery of Detroit,
Mich, Kauck brewery Of Newark, n. D.,
TrefZs brewery of Jersey City, the United
States breweries Of New York, portion of
the stock Of the Schoenhofen brewery Of
Chicago; Star elevators of Minneapolis,
seventy-six in number; W. Van Dusen
system of elevators of Rochester. Mimi,
ninety in number; Cargill Brothers elcva-
tor system of Minnesota and Dakota, the
Baltimore brewerics of Baltimore, r..
Braastad Hancock iron-mines Of Hancock,
Mich, Rochester breweries of Rochester,
n. Y.
Arrangements for the following are also
concluded. and the transfer viii take place
within a Cow days: T. w. Dewes's brewery
of Chicago; the Pillsbury hour-mlls, of
Minneapolis; the Washbrn -four mills, Of
Minneapolis; and the Syracuse brewery,
OF Syracuse. n. Y. Negotiations for two
extensive elevator systems in Chicago are
well advanced but not yet consummated.
Tie City Contract Company. of London
(capital $500 ,000), aud the Trustees and
Executors Company. of the same city
Capital SS7, 500, 900. are tho corporations
or syndicates making the big purchases.
Both are reputed 70 DO among the most
solid Of British institutions. Lord-Mayor
iseaes Is president Of tho latter company.