Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1898-01-19
INTERNATIONAL PAPER COMPANY.
Fall Mountain Paper Company Absorbed
Trust Began to Operate at Midnight Sunday
night Not Known How twill Effect Local

Business.
The Fall Mountain Paper company ex-
lists no longer as distinct and separate
corporation. On Sunday at midnight it
became branch of the great "Internation-
al Paper company" the corporate name of
the recently perfected paper trust. There
are now 16 companies in the combination,
with possibility of five more coming in.
The mills represented include the follow
ing: Otis Falls Pulp Co., Livermore Falls.
Me-; Glen Manufacturing Co., Berlin;
Rumford Falls Paper Co., Rumford Falls,
Me-; Fall Mountain Paper Co., Bellows
Falls, VT; Winnipiseogee Paper Co.,
Franklin; Webster Paper Co., Bangor,
Me. Montague Paper Co., Turner's Falls,
Mass; Russell Paper Co., Lawrence.
Mass; Falmouth Paper Co., Livermore
Falls, Me. Haverhill Paper Co., Haver-
hill. Mass. Glens Falls Paper Mill Co,
Glens Falls, N. Y; Hudson River Pulp
and Paper Co., Farmers Falls, N. ";
Niagara Falls Paper Co., Niagara Falls,
N. Y; Lake George Paper Co Ticonder-
oga, N. Y; Herkimer Paper Co., Herki-
mer, N. Y. The aggregate capacity is
1400 tons per day.
1t is understood that for a time each
plant will be operated by its old owners,
but that when general manager shall be
elected he shall have power to appoint his
assistants for each plant. The head off e
is in New York and the new company will
be incorporated under the law OF New
York state, and the legal business is in the
hands of S,eson, Tracy, Banks & Jen-
nings. The placing Of the bonds has been
left with D. 0. Mills Of New York. The
capital stock will be $50, 100000. The
company will have as officers president,
four vice presidents, who will be heads OF
departments, a secretary and treasurer.
There will be an executive committee and
finance committee, besides sales de-
partment and manufacturing and con-
struction department.
1t is reported that the president of the
Rumford Falls Paper Co. has been chosen
president of the trust at a salary of $50. 900,
and A. n Burbank OF the Fall Mountain
Paper Co. treasurer with salary at least
larger than that of a grocery clerk.
,,o,11c xyh,oh Ill
eventually come into the combination. The
time which would be necessary for them TO
make the legal arrangements would delay
the formation of the trust and it was
thought best to 60 ahead Immediately with
the plan of organization. Two of these
are the Glens Falls Paper company of
Glens Falls, N. Y, and the Palmer Falls
Paper company. Representatives of the> e
companies were in Bellows Falls Saturday
and inventoried the stock Of the Fall
Mountain Paper company and representa-
tives of the local company did like SER
vice for the other companies. When all
the plans are perfected the trust will prac-
tical'y control the newspaper output in this
country and will become mighty compel
itor in the markets of the world. The
price of paper has already advanced from
SO to $4 a ton, and the end is not yet.
There have been many rumors as to how
the trust would effect business in Bellows
Falls; indications are that there will be no
marked changes for the present, but
changes are bound to come in the future ;
whether for the woe or veal of Bellows
Falls remains to be seen.