The times. [volume] (Richmond, Va.) 1890-1903, 1891-09-22
TEN MILLION DOLLAR TRUST.
4 Gigantic Lumber Combine 10 DO Formed
In Norfolk To-Day.
NAMES OF THOSE WHO WILL COMPOSE IT.
A Circular Issued In Which IL 10 stated
that the Organization IL for tho Fur
pose OF Advancing Prices.

NoRroLE. Va. Sept. 21.-lSpecial. There
will assemble in this city tomorrow. al lo'So
A NJ, one of the most important meetings
ever held in Norfolk 1t is called for the pur-
pose Of consolidating the individual manu-
tacturers of North Carolina pine-lumber INTO
q stock company with an estimated capital OF
40 900. COO ..sThis scheme has been qulety
working for several months. and wheh
formed will be a gigantic trust organized ior
the purpose of controlling the lumber trade
II was put on foot early in the summer py
tho issuing of circular from tho Office OF the
North Carolina Dressed Lumber Association,
J. L. Roper. president. and John marker, Soc
rotary. inviting leading manufacturers TO
meeting to be held for the purpose OF draw
ing up plans. At first it was difficult TO Sc
cure co operation. Manufacturers were SLOW
to take hold Of schsme OF when
they knew little. and the first meeting
In this city was but slimly attended. Later 1t
was decided TO send out leading lumberman
TO feel the pulse of the manufacturers. FOR
thi. important work Mr. Franklin knight or
Philadelphia. was selected. He visited the
leading manufacturers. and his work speaks
for itself Under his persuasive eloquence their
fears were removed and III a few weeks he re-
ported to the Norfolk Office that large per:
centage Of tho dressed lumber output had
signed all necessary documents and would
Join the com binatIon.
TO ADVANCE PRICES.
On tho 18th of September another circular
was issued, and among other things II says
For your information we give list OF those
who are willing to subscribe 10 the com
pany. viz: Johnson K Winsatt and Thomas
w. Smith, Washington. ID. G.; Mulherin q
Dale. Otto Duker a Co.. T.. w. Hartsmeir q
Son, The Tuns Lumber Company, u.
L. Sloan b Brother. George q. Tyler,
Baltimore, Nd: w. L. Parsley. Boesch IL
Brother, Wilmington, n. G.; John J.. Roper
Lumber Company, Norfolk. va; southern
Lumber Company, G. Is. Leet & Co.. Suffolk.
Va; j. Stewart, Knight & Co.; Albenarle
Lumber Company, Martin County Lumber
Company. Philadelphia G0ldsboro Lumber
Company. Neuse Lumber Company. Colds
boro. N. c.: Stimson Lumber Company. C.. ].
Schalkey Newberne, n. c.; Pioneer Lumber
Company. Mt. Olive, n. c., b. W. Alderman
IL o., Alcolu. s. G.
from the above list that tho scheme ia an
assured success. and n stock company can
now be formed without any difficulty. Tho
importance of the vast business in dressed
lumber manufacturers in Virginia and the
Csrolinas ought to stir us up 70 the necessity
Of protection.
MEMBERS or TIE COMBINE.
Resulting, as we hope it will. in getting an
advance upon the low prices which have
been hitherto obtained; It Is only question
of few years at the present rate of pro
duction when this important business will be
a matter Of the past. and unless something
is done now with combined efforts 10 get all
the money out OF il possible in time TO come
many will regret not taking deep interest
in the movement We now call a meeting 10
be held at the Office OF John l.. Roper Lum-
Der Company, Norfolk. Va, Tuesday,
the I'd instant. and we hope TO have
a.. t1,a
ing you, We think you will see the necessity
of doing 30 at present This circular was adj
dressed TO John Harker. secretary of the
Carolina association. an organization, which
has membership Of about one hundred. and
it is understood that they will join. At once
output ordering of this combination will secure
a large number of mills to 60 out of opera
ton, and several thousand laborers will be
seeking work in tho next few weeks.