The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1899-05-11
A BIG LAND TRUST
W. NJ. COWELL, OF THIS CITY,
ELECTED PRESIDENT.
CENTRAL OFFICE AT KENosHA
The Land Trust will Erect Large Office
Building in this City at once for Use
of Company-o Large Tracts of
Land in wisconsin.

The Waubun Colonization and I'M
provement company, with which w.
NJ. Cowell, of this city, has been con
nected for some time, held their first
election of officers yesterday afternoon
in Chicago, ana as result the Keno
sha man was chosen President Of the |
organization. At the annual meeting |
a great many things we're accomplished |
which will be interesting to the people |
of this city, as they will bring the cen
trail Offices of the company here in the
near future.
The Waubun company is one OF the |
largest of the kind in the world and
among the members are found many
we'll known real estate dealers. 1t was
organized about year ago and incor
porated under the laws of the state of
Virginia with paid up capital stock
of 100000. The company is in
reality trust of great land spectators
and during the past year they have
been doing an enormous business.
The main Office of the company has
been located at Charleston, W. Va,
but since the election of Mr.. Cowell to
the Office of Presidency of the big trust,
it has been decided to move the office
to the west, and as this city is centrally
located for this purpose the central
office will be located here. The di-
rectors of the company have authorized
the president and secretary to proceed
at once with the erection of a large
office building and the architects have
begun work on the plans for such a
building.
The trust is backed by abundant
capital and is now is possession of large
tracts of mineral and agriculture lands
in the states of. Virginia, Michigan,
Florida, the Dakotas and in this state,
The company have recently purchased
several large bodies of land in Price,
Oneida, Lincoln and Ashland counties
and will begin operations in these new
possessions at once.
President Cowen, of the new trust,
was seen this morning, and when asked
as to his connection with the affair he
stated that he did not care to give the
matter any publicity, as the election to
the office of President had come to him
very unexpectedly and as yet he could
not say anything as to the future of the
organization. He stated that he owned
some of the stock in the combine and
that they had decided to remove their
central Office to this city. He stated
that some of the other people interested
in the matter we're men in Chicago who
are connected with the Chicago Loan
and Trust Co.
The Ken0sha mans connection with
the Waubun company has extended
over period of about a year. Some
time ago when Mr.. Cowell was attempt
ing to make good a government title
to large tract of land situated in the
city of Jacksonville, Fla, the Waubun
Company undertook to assist in the
fight against the present occupants of
the lands. The entire tract was turned
over to the trust and they have been so
successful in the litigation over the
matter that the United States govern
ment has ordered the. suit taken from
the local courts and it will be adjusted
by the federal courts and from present
indications the trust will win. If the
deal is successful it will net the Waubun
company over $6,O0O,OOO. Mr.. Cowell
is we'll fitted for the place at the head
of the Land Trust. He has great
deal of experience in such matters and
is said to have made some very sue
cessful deals.
Mr.. Cowell was connected for several
years with the Union Pacific Land |
company of Omaha, and in this capac-
ity he is said to have shown rare
ability in the transaction OF several
large deals. The ability of Mr.. Cowell
and the central location of the city are
largely responsible for the removal of
the offices of the company to this city.