The morning news. [volume] (Savannah, Ga.) 1887-1900, 1889-09-29

a Remarkable Series of Purchases
just Contaminated.

just Consummated
CHICAGO, ILL, Sept. 2S.-The expendi-
ture Of $50, 600, 900 by two English syndi-
Gates for the control of an extraordinary
aggregate of Industrial enterprises 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 TIE
great purchase, and TO him was left the
matter of making public summary OF the
transactions or rather the exto dsd series
Of transactions. A pair Of London cor
poratIons, headed by the present rd
mayor of London, Sir Hsary lsaacs, are
ths BUYERS. The synd Gates include ~ theF
membership a great mum er OF British
bankers and trustees OF large estates IN the
United Kingdom.
THEIR LIMIT.
No business was acquired for them in the
United States wnich las not paid at least
l2l3 per cent. q year for the past five years
FIGURING mills and brewerie', and grain
elevators have been the favorite invest
mems. The managome It of each Of the
various enterprises will be pl ced IN Amerl-
can boards Of directors subject TO tue con-
trOl of the home board.
Doesn't this tend to the establishment OF
a huge British trust" Mr.. Mayer was asked
this evening.
NOT a TRUST
"Oh, no,n said he; "taere Is no combina-
tion. Each enterprise is operated separately
and distinctly. The plan IS not one of az
erosion, but of conservative, sure invest
ment.n
Hostile legislation, it is learned, has been
cleverly evaded. The len Law Of Illinois,
for example, rohibits any sale OF real
estate Co foreigners. 1t was de igned 10
prevent CO IRE nent of farms Ia ILLINOIS
by CO tain British landlords for rack
renting" pu poses.
HOW THEY EvADED IT.
The syndicate got around thiS statute by
having the ownership of the ecessarI real
estate inc rporated and then acqulr .ng
stock of the company, which legally Is
'pe-sonal," NOT real" property.
The purchasing committee, or at least
two Of its members whose identity has II t
been Disclosed, left Chicago tlis morning
en- route TO the rthwest, intending TO go
from there to Omaha and Kansas City,
where fur her purchases are now being
considered.
WHAT THEY ALREADY OWN.
The titles of the following properties have
already been turned over to the syndicates:
The Be mis- & McAvery brewsries of G IL
cago, Wacker g. Birz breWeries of Chicago,
Albany brewery of Albany, N. Y; Jones
DT6WtEV Ol AiouSh
brewery of Newark, n. j.; Trefs
brewery of Jersey City, n j.;
United States brewery of New York; a
portion of the stock of the Sc onehogen
brewery of Chicago; the Star elevators OF
Minneapolis, seventy-six in number; the
w. Vac Dusen system of elevators of
R chester, MINI, ninety in number; Char
gill Bros. elevator system Of Mi nesota and
DAKOTA; the Baltimore brewerles of Balti-
m re; T.. Braastadt's Hancock mines of
Hancock, Nj en-. =; the Rochester breweries
Of Rochester, N. Y.
THOSE ARRANGED FOR.
Arrangements fer the following are also
concluded, and thu transfer will take place
within few days: f. J. Dews' rewery of
Chicag Pillsbury -four mills of Minneap-
oils; Va hburn flour mills of Minneapolis;
Syracuse brewery Of Syracuse, n. Y.
Neg citations for two extensive elevator sys-
TENS in Chicago are we'll advanced, but not
yet coasummated. The City Contract Com
pam of Lo don, CAPT al $50 90, 900, aud the
Trustees and Executors Company If the
same city, ca iital $37, 5 5000, are tne corpo-
rations or syndicates m king the big pur-
chase. Both re reputed to be am ng tue
IN st solid Of British Institutions. Lord
Mayo Isaacs is president of the latter COM
pany.