The morning call., 1890-05-16
FOR ENGLISH GOLD.
The Coast BreWeries viii Go to q
Syndicate.
London Capitalists Send the First Million.Dol-
lar Instalment-W Glands Accept an
offer-A Big Deal.

The scheme of an English syndicate to
absorb the breweries of this Coast took
new turn yesterday, when the man
ipulat6rs of the deal circulated
report that S1.OOO.0O0 had been cabled
from London and received here at noon.
This amount was sent by the syndicate, so
they assert, for the purpose of paying a
cash installment of 70 per cent of the pur-
chase price.
But so far as could be learned last night
none of this money was actually paid over
to the breweries. The report was circu-
lated that the Wielands had received
100000 yesterday as a fourth Of the pur-
chase price, and the United States Brewery
$4,000 as the same proportion, but was de-
MED by the proprietors of these concerns. 1t
is quite likely that the other breweries have
not received the reported installment.
AS the matter stood, there was tacit I'M
derstanding with some breweries that the
Englishmen might have the property for
the amounts stipulated some time ago.
Wieland's brewery, which is the biggest
toad in the puddle, has not only received no
money. but made no change of any kind.
Mrs. Wieand denied the rumor to the effect
that the brewery had been sold.
WIELANDS WILL SELL.
I'VE will sell for 81, 300, OO0," she said to
THE CALL reporter who interviewed her
regarding the deal. "And our offer has
been taken by the syndicate, but we have
not signed the transfer papers yet"
Then you did not receive 100000 to-
day." the reporter remarked.
mo. there is no truth in that statement"
when do you expect to transfer the
property?"
THE time had been set for to-day, but as
my son Robert is away in Sacramento the
papers could not be signed. l expect how
ever, to sign the contract tomorrow, and
my sons will then sign it also"
rs there any deposit that you know of so
lar. Mrs. Wieland, in the California Bank
as guarantee of bOna-fide sale?"
Yes, there is a sum of $4,000 there"
VIII you retain any interest in the
brewery"
mo, but my sons will remain in charge
Of the business. When L sell out l want to
be done with 1t altogether. i am quite will
ing to sign the papers tomorrow"
+; kronenberg, the principal proprietor
OF the United States Brewery, stated that
his concern had not yet changed hands, but
a meeting Of the Directors would be held
to-day to consider the proposed sale to the
English syndicate. He said that no money
had been received by him in connection
with the deal. Neither did he know of any
deposit as a surety for genuine transfer.
lie was very reticent about the matter, and
refused TO answer direct questions regard
ing the deal.
THAT 100000
The attorneys for the London syndicate
observed a strict silence when asked about
the scheme on hand, although they ad-
mitted having received the 100000, and
that this sum was TO be used to make the
cash payments on the properties which
have been purchased. 1t was learned from
the local agents who have conducted the
negotiations that the prospectus of the
London company was issued last Tuesday
ana Will arrive here with the mail which
left England that evening.
On the 1st of January. 1890. the options
which had been secured by the agents of
an English syndicate for the purchase of
several local breweries and for breweries
IN adjoining cities expired. The amounts
that had been paid TO those corporations
were forfeited aud the great brewery deal
was declared off.
This fasco Is estimated to have cost the
English syndicate 100000 in money paid
70 secure options on breweries which it pro-
posed to purchase, and which were to have
cost 1t between S3,OOO,oOo aud S4,OOO.0O0.
THE TOTAL COST.
The total cost to the syndicate it is un-
derstoOd will be Sc, 100000 The terms upon
which the purchases will be made are that
the balance due alter certain pro rata has
Deen paid is to be paid in three INSTALL
ments. though the option is reserved of
making anticipated payments if the pur-
Should the breweries that have been
named by the syndicate be purchased it
would hold monopoly in the State and be
able to dictate to the buyers of the products.
The Instructions to the agents, it appears
also. were to the effect that properties to
the amount Of S5,000,000 were desired; but
subsequently this amount was increased,
and the investment of $40 1000, 900 authorized
If room could be found for it.
1t is said that the deal includes the priu-
cipal brewerieS of the Coast, though what
transactions have taken place with these
concerns is not definitely known in this city
THE LARGEST DEAL.
The first negotiations for the WieIand
concern were with the representatives of
the English syndicate about twelve months
ago. The first offer made was 81, OOO, 600
which the Wielands declined; then 81
$4,000 was suggested and also declined.
linen the syndicate raised their bid to ST.
100000, and the purchase was ABOUT to be
contaminated by the acceptance of the
oher when one Lesynski, whose business
had been heretofore in the placing Of prop
critics with capitalists. stepped in and
agreed, If he was allowed to control the
sale, to net the Wielands 81 SOC, coo for their
property exclusive OF all expenses and COM
missions.
Leszynski failed, however, and Charles
L. Ertz came here as the agent for Lon
uon syndicate, and made proposition to
the Wielands. An offer was made, and
finally the Wielands decided to sell for S.
3OO,OOO, winch price, the manpulators state,