The Portland daily press., 1899-07-28

News Of Corporate interests
Along the Kennebec.
Lockwood Company Has Authority 20
Move south, But win not Go at Press
emit.

The Marston Worsted Co, was Organised
81 skowhegau Tuesday and the following
officers elected; President. Hon. G. A..
Msrston; treasurer. Roland 4. Pattsn
clerk, Herbert Wentworth; general man
ager. Edward GIedhili. The capital stock
Is 100000; paid In. $4,000. The mill
VIII be In operation next September.
The pulp mill 1t South Gardiner IL to
CLOSE at once. the stock Of logs having
given ouI One hundred hands are
thrown ont Of employment
A large real estate transfer was record
cd at tho register of deeds In Ksnnebeo
county, Wednesday, of the sale OF various
parcels Of land, mills, and other properties
mentioned to the Great Northwestern
Paper Co., Of New York City. The prop
orty lie that formerly owned blythe Manu-
featuring Investment Co. Of Madison,
which Is now insolvent and through the
different promoters 10 virtually trans
ferrsd by thu company to the Great North
western Pulp Co The consideration
named In the deed was $3.50, 200 and $45
worth OF revenue stamps was affixed. IL
Is generally understood that ths mill will
continue to be operated. and 1t IL under.
stood though not opsnty sta.ed that CD .
mill Is owned by the promoters OF the
Millinooket enterprise.
The annual meeting OF the stockholders
OF the Lockwood Co. was held &C their
Office mt Waterviile. Wednesday, at Ii
O'Clock and the following officers we're
elected: Clerk. A. n. Kennison, Water
croft; James II. MCMILLAN, Portland ;
Seth A. Milliken, New York; John W..
Danielson. Providence; Willard NJ Dunn.
Watcrville; j. DsForest 6Danielson, iBos-
ton; franklin A. Wilson, Bangor; trsae-
urer, John w. Danielson, Providence
The stockholders voted to accept the
charter a. amended By the last Legisla-
ture. The treasurer announced, that, at
a meeting Of the directors previously held
1t was voted to declare q dividend OF 8 per
cent. payable August l.
After adjournment, the ndirectors nmet,
and organized with the choice Of James
II. McMullan, as president, and ]. De-
Forrest Danielson, clerk and assistant
treasurer. The changes In .the,oharter, Ito
which reference has been made proviued
that the capital stock of the company may
be increased from 81, Geo, 90 to sc. 500 COO.
Further provision Is made THAT the COM
rany may do a manufacturing business
In other places than Watervills and Wins
low. One OF the fstock holders said THAT
through. the change the corporation ia
now given the right TO strip the plant of
all the machinery and carry IL to the
Southern states and there transact the
business OF the company. When asked II
there was any probability that the corpor-
alton would make such move he said
that there was no such plan In the air at
the present time. He then went ON to
quote what Treasurer Danisison had said
at the stockholders meeting. That was
to the effect that the mills were taxed
more heavily here than In any OF the states
In (which are eituated the mills with
which he is connt cited. From further
converse tion Ii was learned that the cor-
poration has no idea OF moving machin-
cry at pre- emit. At the present time
competition Is SO sharp among the cotton
manufacturers that the Lockwood Co.
wishes to be prepared TO make any muye
that may be necessary In order to enable
them to compete with other inanufactur-
ers. -.