Worcester morning daily spy., 1898-01-22
The BIG WIRE co.
W orcester Men Who Are Slated
for Offices.
P. W. Moen Spoken Of for Manager
Corporation Has Contracts Already to
Take Up TWO Worcester Plants.

When the contemplated wire combl-
nation becomes a reality'and the board
of officers has been elected, it viii un-
doubtedly be found that Philip w.
Moen, now general manager of the
Washburn & Moen Manufacturing Com
pany, will hold similar position in the
new organization. 1t can be said with
equal safety that Mr.. Moen will also
be made vice president
No official announcement of any cleo
tion of officers has yet been made, and
those gentlemen in this city who are in
position to know, assert positively
that none has been held. However,
they do not deny that the committee has
drafted list of officers for the Ameri-
can Steel and Wire Company, which is
to be the name of the new corporation,
nor that Mr.. Moen will ultimately oc-
cupy the positions to which it is cur
rently rumored he will be elected.
In the current number of the Iron
Age, which paper generally speaks with
authority upon such matters, the full
list of officials is given as follows: Geo.
T. Oliver, president; Philip w. Moen,
vice president and general manager; Il.
J. Burlington, secretary; N. W. Oliver,
WlllIdDl NIESIOiHl, w ID. IIollO14ll, w ..
Edenborn, w. e. Rice and w. Patter-
son, directors If this list is correct,
it will give Worcester, in addition to the
general manager, a director in w. E.
Rice, now president of the WaShburn
& Moen Company.
The election of Mr. Moen to the posi-
ton of general manager will undoubt-
edly mean much to Worcester Ever
since the formation of the American
Steel and Wire Company was first talked
of, there have been fears often ex-
pressed that it would ultimately mean
the withdrawal of the wire industry
from this city Mr.. Moen's election,
however, will insure not only the oper-
alton of the present mills in this city,
but the addition of others to the local
plant. While all the business of New
England and the eastern states could
be handled most advantageously from
Worcester, owing to her geographical
location, it is likely that the general
offices of the new company will be in
Chicago.
1t is very generally believed that the
present Washburn & Moen Company
will receive $4,000, 600 for its plant, etc,
which means that persons holding stock
in the company will receive $3.50 for
shares the par value of which are $10O
and which are quoted in the market
today as being worth about $170
To a representative of the Spy who
called upon him Friday evening, George
T. Dewey, a director of the Washburn
& Moen Company, emphatically denied
that the price the local company will re-
ceive had been determined upon. "Mat-
ters stand today" said Mr.. Dewey, Tex
actly as they did when the statement
was issued a month ago. I know abb
solutely nothing more about it,
Mr.. Moen is at present out of the city
and has been for the past ten days, pre-
sumably on business connected with
the new company. Inquiry at his resi-
dence, on Elm street, Friday evening,
showed that he would not return this
week and probably not until sometime
in the week following.
PLANTS ALL OVER COUNTRY.