Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1898-04-20
MAINE SARDINES.
NEW YORK CAPITALISTS ARE
INTERESTED IN THEM.
THE PROPOSED COMBINE is NOW AS
SURED-SOME OF THE BENEFITS
WHICH WILL RESULT.

The proposed combination of the ssr-
dine industry of Maine, placing all the
factories under one general management,
| is assured.
S. G. Stevens, of the Brookln Packing
| Co., who has been the moving spirit in
| bringing the combination about, talked
/ freely with THE AMERICAN reporter yes
terday morning with regard to the new
organization, and made known some
/ facts which have not before been made
public.
! While the organization is not yet per-
1 fected, all the necessary capital has been
/ guaranteed, and only the formal organi-
zstion OF the company or trust remains to
/ be perfected. The company will be or
] ganized under the laws of Maine, and VIII
/ be capitalized al :3,OO0,oO0.
/ Il is in regard to the immediate man
/ agement of the several factories that the
greatest uncertainty has existed, even the
present factory owners themselves being
unab bic to speak on this subject.
| Mr.. Stevens says hat the management
OF the factories will remain in the hands
of Maine men. The present proprietors
and operators viii be stockholders in the
new organization, and from among these
men will be chosen an executive commit
tee which will have the management OF
the business. The capitalists will, OF
course, be represented on this executive
board but the actual management OF the
business will be in the hands of Maine
men.
The operators of the several factories
will continue as superintendent of the
factories, receiving a stated salary. There
doubtless will be general manager, to be
chosen by the executive committee, who
will exercise a general supervision over
all the factories as to buying and selling.
The idea is to run all the factories that
can be run protitably.
Mr. Stevens gave THE AMERICAN re-
porter the names of some of the New
York capitalists who compose the syndi-
cate, but with the request that they be
not made public, The reporter Will say,
however, that the names are OF men OF
more than natioaal reputation, whose
connection with this syndicate assures
its financial stability,
Fine rnrufIual a # cont reI he entire
49, -
Main" hrlhE the Ola slh'f IN Inc mon
eusagaI IA t4e Industry. When 81.
Stevens conceived tin IDEA q forming
int ''Eit"Itt5' i51i'' H. II sep WIS /" So
cur AN ~ ttuu oil ali the -ardine fHeioE1.s
of Alsfz=. He-trtl-.4 all .s,llt ,fne If mo
me- 49, fiai'tz' t1N exception 7el"S d
sunni p.HHt nhtrn ha~ not been operated
Tor .au4ts titz5t. aud It,st. Of VhiFb +, mn,
T.. 55,;.-...:... ......5....-.---
- - 't'7 ~ ''ts ''' ~
aitieh te Itfr IA option on II. mr,9tevehs F
spent -iN weeks in New York irving to
i,,t,.~.-f. ,..lttt.tizf-= fa ,l,,,-o,It ~,
- i..' - =te'tt 'oii''i'ei'
on hls business energy.
some Of tAc bennett, which Will accrue
f., ,l.,. .,..-,.,.=,.,,,, ,t..,.t
'"N' " 81 49,
| ne state 81 Mafije may tie briefly stated.
The combination Wlll put an end to The
,-....,,t ,t.,ittf,,f 1,,,..f5,5,t,. ,.,,..,
/ ne u "FI''!t ''ie9 "H'Sh mas resulted
not only ia forcing dpRn prices bu: in
Il poorer quality of goods. The IN