St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-05
g. G. WAsHBURN MILLS SOLD.
1t Is Called a Lease, But 1t Is
Practically a Sale.

A0SIAOoAAAJ XIV
The English syndicate which last fall
succeeded in getting its hands upon val
liable Minneapolis milling property has
had It's drag net out ever since for more
-four manufactures, particularly the G.
G. Washburn mills, and it has at last
succeeded in capturing them. These
mills have been under the management
of the Washburn-Crosby Mill company,
and are known as the Washburn A, B
and G mills, having a capacity of $500
barrels of flour per day.
Ever since the cOnSummation of the
deal whereby the Pillsbury and Wash
English syndicate at the head of
which is r. A. GlYn, there have been
constant ume that the G. G. Wash
burn mills were about to become the
property of the Pillsbury-W ashburn
syndicate. These umo have always
been strenuously denied by the Wash
burn-CroSby company, but, in the face
of the latest development, there is
little doubt that negotiations looking to
that end have all along been quietly
under way. There had been options on
the G. G. Washburn property, but the
public was given to understand that the
options had never come to aught.
Last September the Washburn-Crosb
people announced that, as Soon as their
lease on the G. G. Washburn mills ex-
pired, they would transfer their bust
ness to Duluth, the reasons given being
that there was little probability of their
lease being renewed, and that they
could not get the power for a new
milling plant on the falls. In the
minds Of some that announcement
was taken as an indication that the G.
c. Washburn mills would be sold; 9TH
ers considered it as merely a 'feeler."
Late in December there was another re-
port current that the mills had been
sold. Ii was, of course, Stoutly denied
by all parties concerned. Then, early
in 1890, R. A. Glyn, of the Pillsbury-
Washburn syndicate. visited Minneapo-
lis, and spent a few days here in con-
sultation with big millers, which was a
signal for the Instant resurrection of
the sale story regarding the G. G. Wash
burn mills. Moreover, from some re-
marks which Mr.. Glyn and a prominent
New Yorker, who was here at the anne
time, let fall. 1t became almost a GER
tainty that the @. G. Washburn mills
would become the property of the Pills
bury Washburn syndicate, although the
w uIu ~. a.
PilIsbury denied s%trenuouSly that there
was any such scheme on foot. But
there seems to have been some such
scheme in progress, and now it has
been consummated.
Tee meeting of the stockholders of
the G. G. Washburn company will take
place during the latter part of this
month when, as it now appears. the sale
to the Englishssyndicate will be ratified.
This will make the PillSbury- Washburp
syndicate the largest in the world, and
the mills will have a larger daily capa-
city than all the other mills in Mime
apolis combined. By the acquisition of
the Washburn A, B and @ mills, the
syndicate becomes the owner of eight
flour mills in the Northwest, which
have a capacity, in the aggregate, of
22.500 barrels OF flour per day, and con-
Stunning every day 100,0 boa barrels of
wheat. The total daily capacity of all
the mills in Minneapolis is SO, SIS bar
relS of flour.
While this transfer of the G. G. Wash
burn mill property has been here spoken
of as a sale, and while it mounts prac-
tically to q sale, it IS, in reality, a lease.
The G. @. Washburn estate preferred to
sell the mill property outright, but the
syndicate only would lease the mills.
This is all that has been done, but it is
learned on good authority that the syn
dictate will have the privilege of retain
Ing the mills as long as desired. The