The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-02-03
APPRA1sEMENr TO COMMENCE.
Provo and Deseret Wooden Mills
Property VIII BE Listed.


Property VIII BE Listed.
On Monday morning the appraisers
recently appointed by the boards of di-
Hectors of the Provo wooden mills COM
pany and the Deseret WOODEN mills
company for the purpose of making a
detailed appraisement OF tine property
OF the two companies. will commence
their labors. Charles S. Burton and
Reed Smoot will represent the Provo
company and Frank ". Jennings and
Waiter P. jennings the Deseret The
gentlemen will begin ON the salt Lake
mills and make a detailed list of the
properties, scheduling them at an
agreed valuation, and when they have
Completed the work in this city they
Will turn their attention to the Provo
plant. 1t is anticipated that the work
will consume the greater portion of the
time remaining before the called special
meetings of the stockholders Of the
two institutions, but by the arrival of
the date set. detailed reports will be
ready for submission to the StoChhold-
ers. This appraisnment is to be made
in order that there may he some basis
OF consolidation arrived at. While it
is true that the directors of the COM
panieS have already talked the matter
over very carefully, they have not yet
decided just what should be the meth
cd adopted in making tine most impor-
ta1lt change. As stated some days ago,
there is no question as to the outcome
of the deliberations of the stockholders;
Ut is simply a question of getting them
together and presenting the matter of
consolidation to them in its proper
light. They will see things as did the
boards of directors Of the institutions
when the various phases of the case
were being discussed The conSohda-
ton will be effected. As q matter of
fact, it must be accomplished If either
OF the companies are to make amy
| money.
| Although the matter has never been
formally presented, it is SAIL by people
who are on the inside that the consoli-
/ datfon of the Provo and Deseret mills
Will be but the starting point from
which "a number of other con5olida-
tiOnS on which general merging of inter
estS will be made throughout the ter
litory by the various wooden mills. The
arrangements of all see the great adj
vantage which is to be derived from
: the consolidation now proposed and it
! is highly probable that some move
looking to the general merging Will be
made just as soon as the large manu-
factories have made the start. This is
not the first time the matter has been
! seriously considered, for several years
ago 1T was proposed that a united ef-
fort be made by the various mill men
1 Of the TERRITORY looking to the con-
soEidation which is now again being
talked OF. There is no disposition on
/ the part of the various mills to cap
ture the trade of the territory by i'm
} proper means through the formation
J Of a syndicate which would paHttake Oh
the nature of "a trust, but on the Other
hand lit is argued that the reduction
in operating expenses would enable the
manufactures to turn out goods muct
cheaper to the consumer, and the dis
tribution of the work would make i
possible for the mills to manufacture c
better grade of products.