Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1894-10-04
MORE ENGLISH GOLD
To b. "Pisuted-- on Productive Americas
Soil In the Purefa-- OF Paper and Pulp
Wills Options On fsrtv-Eight Of which
Have B~~n Secured and Others Pending
The Deal Likely to- he Contaminated.

To D. ~Pisnted- Productive Americas
soil In the Purefsa-. Of Paper and Pulp
Wills. Options on Weight of which
Have B~~n Secured and Others Pending-
The Deal Likely &" he Cou-ummsted-
MILWAUKEE. Oct. "A Daily News
Appleton. Wis, special says:
The greatest syndicate deal since the
purchase Of the American breweries
by English capitalists has Just been
concluded. and unless something un-
foreseen occurs all the paper and pulp
mills on Fox river will pass into the
hands of an English syndicate on
April l. II il learned from parties in
terested in the sale that every paper
and pulp maker on Fox river. with two
exceptions has signed a contract giving
options on all mills. machinery, water
rights. leases and other properties.
The option is good for six months from
October l.
The two firms who have not vet
signed have agreed to do SO Monday.
The reason for the delay is to gain
time to complete schedules Of the prop
critics, which must he attached to the
options when delivered to the svndi-
cate in London
The properties involved in the deal
include twenty-nine paper and twen-
ty-one pulp mills, situated at Neenah,
Menaha, Appleton. Kimberly, Little
Chute. kaukauna. Combined Locks and
Depere. along Fox river for a distance
of twenty-five miles. The value Of
these plants is estimated at $40. .Ooo,-
90 The daily product, when run
IN their normal capacity, amounts to
i,Soo miles Of paper in a sheet seventy
sIx inches wide. and 500 tons of pulp
The value Of the product is about $50.
90 daily. The terms of the options
provide that the value OF the plants be
reckoned ON the basis af the actual
csst of mills and machinery. the pres
ent value ~ the water rights and
leases. and the earning capacity Of tn.
mills. shown by past business records
The payment for the properties To be
half cash and half in three-year notes
to sr secured by mortgages on the
mills and power.
The deal has been worked up bv
Frank Butterworth. ~ Chicago. act
ing A. agent for an English syndicate.
COMPRISED u ssm- Il the leading finan-
eiers Of London The project has
been on fpot several weeks When
arst made public il met with cousid-
erahle opposition II was charged
that Bufferworth was acting entirely
for himself, and that he would get a.
many options a. Possible and then
p-sidle them On the money market. Ia
quiry IN England bv Interested parties
exploded this theory and showed But
terwurth - br acting for a Thoroughly y
orgauized syndicate with unlimited
backing. This fact established. the
owner taols hoid u the project with
full -snfiiencs and The deal hsS been
push~si - sucr~~~.
The original Plaza provided for th.,
euutrul u all plants ia the STATE it
u believed that aow they the Fox
River piantsA whieh eusupris. thr-s-
fourshs II th~ ia.lnStrv IN the state.
have h-scn secured. the plants of the
Wisconsin River ard either districts,
f vaius,i al a. -. 49,. viii also s.il
Llsfir change will - rnasis. IN the
management q the business un.i~r the
new PruprletgrS The present active
0vnerS arr 10 - retained a. managers.
a. ais, arr al heads ot siepartmentS in
the mechanical portion of the mills.
The ETestsxt change viii b- in the
eieriEai departments An Office will
b- established At Chicago in " whieh the
business u all the mills will o. trans
acted An immense warehouse will
also be established therc from which
ali sales and shipmsntS will be made
In TINS way the cost of marketing the
I product of the tifty mills will be re-
F dueea to small fraction Of the pres
{ eut eost. The sale viii have no effect
on the general business Of this local
ity. or upon the employees Of the mills.
and i generally regarded with COM
pl4e-ncy-