The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1890-01-09
A GREAT TOBACCO DEAL.
LEADING FACTORIES BOUGHT UPBY
A GIANT CORPORATION

The Most of it English Money-Allen &
Ginters, Duke of Durham, Kinney Bros
KimbalPs, Goodwin's and Bosack's Fac
tories Included. aH
lSpecial Dispcfci to the Baltimore SUM-
RICHNoND, VA, Jan. 3.-There
was intense excitement on Change
to day when it became known that
the Allen & Ginter incol porated COM
pany had sold their extensive cigar
cite works here, which are the largest
in the south, and their tobacco facto-
ries elsewhere. A member of the
concern, who was on the floor, de-
ciined to make any statement, and
this served only to increase the agita-
ton. Mr.. Pope, vice president of the
company,when asked tonight if sale
had been effected, said: ta4
"4es, the Allen & Ginter company
is practically thing of the past. We
have made a clean cut sale to a New
York syndicate and there will be
change In the management very soon
A tuther statement we cannot now
give. 1t may be that some of those
now interested in the business will be
| III the new concern after lawb bile, but,
as | say, the sale is bona fide, and it
will be controlled by the gentlemen
composing the syndicate.
The sale is invested with especial
interest at this time, as it follows i'm
mediately upon the effort which is be-
| ing made t. repeal the act passed lust
before the holidays incorporating the
American Tobacco Company with
| vested rights for fifty years and un-
limited capital. Major Ginter, who
is widely known as man of wealth
| and public spirit, was to be the presi
| dent OF the company which would
| have been organized under this char
ter, and the other incorporators nam
ed were his present associates. The
scheme was To admit Messrs George
Arentz and Albert Young, both
friends and family connections of Mr..
Ginte:, and other wealthy New York.
ers. The object of this charter, Mr.
| Pope says, was to enable the works &c
retain their 'oca. interest, and rein.
forced by abundant means to keep
from being pressed into the cigarette
trust now spreading its strong arms
over the entire continent. 1t is sug-
gested now that the purchs Sc may
have been made in the interest of the
combination, and this belief is supple
mented by the fact that Gov. Camp
bell, Of Ohio, is reported to have re
Gently introduced to Major Ginter {
wealthy Englishman who was very
anxious TO get control Of the works
That the Ralaigh factories have re
Gently been bought by northern
concern also gives color to this phas,
Of the deal, the negotiations Of which
will not be closed for ten days.
Tonight it is learned that the new
concern mas procured a charter from
the New Jersey Legislature, and tn
headquarters and chief business oper
ations will be in that State. The com
Pany has S25, 100000 capital, mostI,
English money The esta blishment
Allen & Ginter, Duke of Durham
North Carolina and New York City
Kinney Brothers, of Richmond am
New York Kimball, of Racheste,
N. Y, Goodwin, of New York City
and Bosack's Cirgarette Maehin
Works, with headquarters in Lynch
burg, have all been forced to go int
this gigantic concern,
Major Ginter was the last one t
consent to do this, but when Bosack
from whom he got his machiner,
Joined the new company, he was COIN
PEELED to surrender. Mr.. Ginter ha
been offered the presidency of the CON
pany. It is not known what effet
the new arrangement will have upo
F the establishments bought. Furthe
developments of this, which seems I
be the peer OF any trust yet formed
will be awaited with deep interest