The morning news. [volume] (Savannah, Ga.) 1887-1900, 1896-12-30
FAILURE OF A BIG PAPER FIRM.
THE VAN NoRTwICx BROTHERS
OF BATAVIA, I'LL, ASSIGN.

Their Suspension fastened by the
Voluntary Liquidation of the At
las National Bank of Chicago.
They Owned AGA shares of Its
stock and Owed the Bank $780,
OOO-The Brothers Supposed to he
Worth $2,5OO,OOO.
Chicago, Dec. GAS a result of the vol
Bank of this city, William NJ. and John
S. Van Nortwick, who held 464 shares of
stock in that bank, and were borrowers
therefrom to the amount of $SOO,0O0 made
an assignment yesterday to the Equita-
BILE Trust Company Of Chicago, who took
charge Of the Van Nortwick's bank at
Batavia yesterday.
The failure involves the entire interest
of the Van Nortwicks. whose estimated
wealth, according to their last statement,
is 81, 100000, often estimated at three times
that amount, and representing, besides
the Van Nortwick Bank and other prop
erty at Batavia, large manufacturing in
terests. The total liabilities win probably
be near S2OOO,OOO The articles of assign
ment, three in number, were filed in the
Kane county court at Geneva at o'clock
yesterday afternoon, William NJ. and ]. S.
Van Nortwick, each assigning as individ-
uals, and the two as a company.
The interests of the Van Nortwicks are
large and diversified. They own the West
ern paper bag factory, at Batavia, en-
ploying several hundred hands, with a
daily output of 100000 bags. Large fac
tories at Kaukan, Wis. for the manufac-
ture of MANILA paper and at Memphis,
Tenn, for the making of paper wooden
ware" ere branches of the Western Pa
per Bag Company, and are conducted un-
der the same management.
The Van Nortwick Paper Company
| owns mills at Combined Locks, near APP
pleton, Wis, which cost $4,000, also the
Appleton Manufacturing Company at Van
| Nortwick, ILL.,, with a capital stock of
$4,000, which turns out wind mills and
| agricultural implements.
| In Batavia so much real estate is owned
| by them that people are often heard to
| remark: THE Van Nortwiclk's S own Bata-
VIA" Besides the brick block, in which
| the bank is located, erected at a cost of
| $4,000 and other real estate, they own 400
| acres of farm land there, valued at $780, 900.
| Among their possessions are also thous-
ands of acres of pine lands in Wisconsin.
They are stockholders in the old Second
National Bank, and the Aurora Cotton
Mill Company at Aurora, and banks at
| Appleton and Kaukana, Wis.
| The Van Nortwicks probably are the
| most extensive paper manufacturers in the
west, and the ramifications of their busi-
ness extend all over the western country.
Had it not been for the spreading out in
this direction, it is thought that the crash
of yesterday would have been avoided.
The Appleton Paper and Pulp Company,
and the Kaukana Paper Company, under
which names all of the Van Nortwiek pa
| per interests in the Fox river valley are
| consolidated, constituted one of the strong
est paper combinations ever formed. The
| combination included the Appleton Pa
per and Pulp Company, Kaukana Paper
Company, Combined Lock Paper Com
pany Wisconsin Sulphite Fiber Company
and Union Pulp Company. These COM
panies are combined under one manage
ment for the manufacture of books, print,
manila and express paper, sulphite and
| wood pulp, and do an immense business
in these specialties. The main Office of
| the companies is in Appleton. The Apple
ton Paper and Pulp Company, was incor-
porated in 1873, and has capital Of $780,
900. The buildings were burned a few years
ago, and were never rebuilt.
The Koukana Paper Company plant Is
located at Kaukana, Wis, seven miles
from Appleton, on the Chicago and North
western railroad. This company was in
corporated in 1879 and has an authorized
capital of 100000. Seventy-flve workmen
are employed, and the output is ten tons
of manila paper daily.
The Combined Lock Paper Company was
Incorporated i'm 1890, with capital of $780,
Goo, and the mills have an output of thir-
ty tons of pulp daily, and forty tons Of
paper. This company makes printing
paper exclusively.
The Wisconsin Sulphite Fiber Com
pany owns valuable wood land, and sup
plies wood for making pulp to the mills
named in the foregoing.
The Union Pulp Company has mills at
Kaukana. 1t was Incorporated In 1879,
with $50, 900 capital. The capacity of these
mills is twenty tons Of pulp each work
ing day.