The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1896-01-02
Our OR EAT CONCERN N.
Anew ssNt Lumb Der Firm Which Win
Make It's Home In Mile
5s5 Laos County.
8 Capital Of s. 900, 900 and the
Lions Share White pine.
s Are Theirs. ,s

Ia 4 transaction came to light this
9' which will prove to be very i'm :.
.portant one to Mile Laos county.
When. ~ the deal is finally completed the
treasury Of Mile Laos county will be
richer by about $4,000 received from
.l back taxes and part of this has already
.peen paid in. There are several prom
e lnenti lumbermen who are interested
: "a the deal which really takes the form
OF a consolidation and this pool will
contain such firms as Foley Bros. &
s G7Eulthrie, Hersey & Bean, and the Nc
Clures. This trade is not confined to
Mile Laos county alone for last week
g deed was sent to Mora to be recorded
Which covered $4,000 acres of land in
slKslanabec county.
sM The new firm which will succeed the
old when the papers are executed will
control most of the timber, oak and
pine, about the south shore of Mile
laacs lake and arrangements will be
made to manufacture it into lumber
within 5' the county. The first improve
.3mIf me that is contemplated is the build
ing of a suitable dam at Black creek.
1Fhe old dam at the Trading Post will
be taken out, thenew company having
purchased all%the rights of the Rum
Rlver Improvement company, so that
whatever head is secured can be
quickly and effectively used. The new
firm tax es the sawmill at Milaca where
all the logs will be manufactured into
lumber. -. =... ....-.> ....1%
Among other things looked for since
the firm has taken hold is a railroad
tapping the lake country, which will
be used by the firm for hauling their
logs, but this probably will not come
for d year or two. Speaking of the
deal the St. Cloud Journal Press says:
Perhaps the most important deal in
l l'llttl bering and logging in the great
Inn Inn bering State Of Minnesota which
has been brought about for a decade
|iis y des pract teal n closed
and which let's Foley Bros. s. Guthrie.
the well-known numbering Of this city
and st. Paul, in on most; valuable
tract of standing pine in the Mile Laos
lake country. ..s~.-.~ -. %:...-.s.s +. +.
There is tract of white pine in the
Mile Laos lake. country which has
long been the envy of every lumber
man who was acquainted with it's
presence. tits all within two or three
miles of the lake and easy of access and
easy to drive to the mills on the Rum
river. It's what has been known as
the Wilder & Sabin tract and contains
over 200, 100000 feet of the finest white
pine in the State. Some time since
the pine became the property of Bean
q Mcclure, the wealthy Saltwater
lumbermen, and only a few days ago
they accepted a cash offer of S750,OOO
for the stumpage.
1T will be a matter of congratula-
ton to their St. Cloud friends to know
that the Messrs. Foley Bros. & Guthrie
OF this city and ST. Paul, have prac-
tically closed a deal by which they
form partnership with Bean & Nc
Clure for the purpose of cutting, saw
ing and putting the manufactured
product on the market. The name of
the new company has not yet been.
selected, but it will be capitalized at
Sl,Ooo,O0o, Y and operations looking
toward the cutting of a portion of the
logs will be at once commenced. It is
the present intention of the members
OF the new syndicate to drive the logs
via Rum river to the mill at Milaca.
This will be run night and day next
summer, and a total of about $4,000, 600
feet will be cut. At this rate, a simple
problem in arithmetic will show that
it will take over ten years to cut the
pine of this single tract. In addition
to this big purchase, there are perhaps
$4,000, 900 feet of pine in smaller tracts
adjacent which are naturally tributary
to this big lot, and which the new firm
will eventually secure to be sawed at