The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-12-14
UNION TOBACCO COMPANY
THE NAME OF THE ORGANIZA-
TION JUST Perfected.
r STARTS With $40, 00o,o CAPlTAL
And viii Branch Out into all Lines of Ma7ufa ;
ture. The Blackwell Tobacco Compa
nv Interests ara in the Deal,

The factory of the BlackwelIs Durham
Tobacco Company, in this city, has beer
sold to the Union Tobacco Company, o.
New York. Colonel j. $. Carr is in New
York to-day, and has consummated til,
arrangement, which goes into effect a
once.
/ learn that there will be no change il
the management, or in the local force
here. Everything connected with thu
Durham branch will be under Colone
Cars supervision, as heretofore.
The Union Tobacco Company
starts out with capital stock
OF ten million dollars, with five
million dollars paid in. w. III. But
Ter, who until recently was Il vice presi
dent of the American Tobacco Com
pany, is president of the new organiza
ton. The place of vice president has
been left open. 1t is thought that Col
j. S. Carr will be elected to this place
if he will accept.
The principal purchasers of the Bul
factory are residents of New York ant
Philadelphia. The terms of the pur
chase and the other details have not
been made known as yet.
The Blackwel's Durham Tobacco
Company will make most eXcellen
showing this year. The years bushes;
will show that they have sold more TO
bacco than for fifteen years before. The
business here, is better. stronger anC
has brighter outlook ahead for it thar
ever before.
1t may be several days before all til,
details come out. Those who have thu
authority to speak are not yet in pos
session of enough Of the facts to war
rant their giving out very much con
corning the matter.
BY the organization of the Union To
bacco Company, the American Tobacco
Company will have most formidable
rival The people of this city and State
will watch with eager interest the figh
between these two gigantic tobacco com
panies.
The Southern Tobacco Journal re
ceived yesterday, contains the following
with reference to the new company:
The new Union Tabocco Company
will be a much larger concern than was
supposed when it was learned several
weeks ago that it had taken out articles
of incorporation at Albany. 1t is now
known that half of the S10,000,000 Oh
capital stock has been paid in; that those
that are interested in it are men OF
great wealth and shining lights in the
commercial world, and that it is backed
by the finest business capacity and
practical experience. Messrs. w. III
Butler, Frank Iilford, L. f. Ryan
Samuel Thomas. f. +. Voorhees,, Il. A
G. Smith, +. A. b. Widner, G.. w
Bremen and w. l.. Elkins, are not the
kind of persons that put their money
iii an enterprise unless they are reason
ably sure of getting good returns.
Mr.. Butler was formerly of The
Kinney Tobacco Company. and became
first vice president of the American To
bacco Company. He resigned from thu
American board Of directors to go over
to the Union. The advantages that the
latter will have through Mr.. Buffers
connection with it tand he is to be its
PRESIDENT are plain enough. He knows
the Trusts business thoroughly. and he
knows its secrets, and he knows how tt
conduct large corporation. Sweet
Caporal," the best seller among the ciga
rettes, was Il Kinney brand, and Mr.
Butler should be able TO duplicate it. OF
place in the market something Inst as
good" Probably the fact, that the
Unions initial purchase was the Nation
al Cigarette and Tobacco Company s
plant and that it is announced that il
will introduce new brands altogether, is
with this view.
But the Union Tobacco Company is
10, II
cigarette making, and will go into other
branches Of tobacco manufacturing. We
are disposed to believe now report
that we doubted before-that the new
company will establish plug factory
The Weed, OF Louisville, says: 1T is
positively known that Mr. William VIII
son, the Louisville representative of the
controlling stockholders of the Union
company, has been looking over the city
the past week for Il site to locate IL fac
tory. the dimensions Of which would be
greater than anything iii our city at
present in the tobacco line. The parties
Mr. Wilson is representing are w. H.
Elkins and r. A. b. Widener, who are
considered two of the richest men III the
East and owners of the Pennsylvania
Iron Works, the largest in the world
besides controllers of many lines OF
street railways III New York and Chica-
20, and many other big enterprises.
There can be no doubt there is unlinlt-
cd capital behind them, and that they
mean business. Papers have been for
warded to them of Mr.. Wilson's investi-
cations, and from the facts that
raw material is at hand, and
that new factories are exempt III
taxes the company will be enabled
to get out its product as cheaply here
as the Trust, Louisville is sure to get
this great factory"
The Louisville Courier-Journal has
something to say to the same effect.
The New York World makes dis
closure even more startling as follows:
The Union company is to be one of the
most important of the concerns to lie
organized and operated by the Widener-
Elkins Cuban syndicate which was re