The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-11-14
LUxsER FIRMS COMBINE
Ths Yellow Pine Company Formed OF
Eght TzrcS

EE-L aus
Eight lumber fms q this city, Brooklyn
and Hoboksn have consolidated under TIE
title q The YeIlo= Pine Company snd begin
operations to-day. TIE new Company Is
formed By the purchase Of the entire whole
sale aid retail bzslnszs II yellow pine tim
Der and lEnber cz-risd On By TIE Scuth
Brooklyn Sax-Ml Company Of Hamilton
avenue, Brooklyn. c v. Wilson, foot Of
North Second street. Brooklyn, E ". Nc
Gave & Co.. Hunter Point; Charles L
B7cd & Co, Ho5oksn; A. 7. Decker & Co.
foot Of Bethune street.. this city: Rapp &
Johnson Lumber Company. One Hundred
and TEsaty-ffth street and East river; a
B. johnson & Co. Ninsty-sixth street and
East river, AID ". A Barke & Co, Of No.
IS Broadway.
The purchase carries with it the good will
and the services Of all the members Of the
firms representa-. who guarantee % give
t1slr personal attention 70 the business. In
addition they turn over their entire stock Of
merchandise az wholesale cost and saw
mills, plaoing mills, barges, lighters, horses,
trucks. ot1css. states and all the necessary
equipments for carrying on the business az
prices appraised il each case by SIX disin-
tsrssted parties. The value and profits Of
the business were fixed by expert account
s1ts, and all Of TIE preferred stock. 81. OOQ,
600 Will Be Represented BY is full value IN
cash, merchandise, vessels, mills and build
lngs. The stock q lumber now il the yards
IL about -, 000, 90 feet
For 6, 200 shares $3.50, 600 Of tie u-sfsrrai
stock the promoters have subscribed Sc -sr.
and have place. with Their inmsGss.s
friends 900 shares at par SI0a.0orl, ls&T-
ing 5000 shares which are offered 80 szo-
scribers et the sane price. he s1ack 3 sx-
pected to prove 8 dividend carer fruz 1ss
start, as the company Is formed froz Cd,
substantial bushes firms while p-c1sS to-
many years have been largely IN sxcsss cf
enough 70 pay PER cent on tie prsts-rsd
stock.
The reports show an aggregate ANIMAL
business OF - ,0Ol, 900 feet, on which The Let
profits per annum amounted 70 S215 600,
which, after paying per cant. On preferred
STOCK, Isft surplus OF 1850
NOT TRUST.
"Our new company" E ". McCIave said
% me yesterday is not trust il any sense.
IL Is not scherns 20 run up prices. bat %
lower them. We hope for less labor to our
selves and greater benefit TO the consumer.
THAT the earnings will be largely in
creased BY bringing together conflicting in
terests il beyond question. The company
has no mortgage or debts Of any nature. It's
entire stock and equipment being paid for.
leaving a balance Of ESQ, 600 in cash
The certificate Of organization Of the
Yellow Pine Company was fled In the
county clerks Office in Jersey City on Tues
day, and bears the names Of Charles &.
Buckley, Jesse c. Woodruff, Christopher
w. Wilson and George D. Wilson of Brook
Ign; William A. Perke, Edmund, ". Nc
Claye, Charles 5. Hirsch, Charles G. Rapp.
Benjamin p. johnson, Alonzo 7. Decker,
Charles Hersey, Artsmus B. johnson and
Henry Sanders. Of this city, and Henry
T. Jones, Of Newark.
Its principal Office and place Of business
outside Of New Jersey sto be in this city,
and the company also intends to carry on
business IN all parts of this state, Pennsyl-
wanna, Massachusetts, Virginia, North
Carolina, Georgia. Florida, Alabama, Con-
necticut, Delaware South Carolina, Rhode
Island, Maine, Vermont, New Hampshire
and West Virginia,
THE CoYPANY's OBJECTS.
The objects for which the company Is
formed are to carry on within the state Of
New Jersey and In the other design ated
places a general llmber business In all its
branches, the buying and selling and man
ufacturing Of lumber, brick, stone, struct-
ural iron and steel, and all other sorts Of
building material or other articles OF wood,
iron and steel, as well as railroad cars, tugs,
steamboats, or other vessels. From this it
Will be seen that the company intends 10
build its own outfit for transportation.
Its capital stock is 81, 500, 900 In q, 0e0
shares, 10 900 shares preferred and 1900
general stock. Tbs amount Of capital with
which the company shall commence bust
ness is fifteen shares, or &, 500.
The company is incorporated for forty
nine years. At the first meeting Of the
stockholders an executive committee of
seven will be elected TO serve for one year.