The Morris County chronicle. [volume] (Morristown, N.J.) 1877-1915, 1899-06-23
SOLD
BY M'EWANS
To Run II Years For Which
They Receive S5OO,OOO.

Purchase Was Made by the National
Board and Paper Company, a New
CorporatiOn-To Hold Patent and
Confine its Business to Licensing
Manufacturers OF News Board Un-
der That Patent.
The National Board and Paper Com
pany, incorporated under the laws of
New Jersey, have purchased the patent
of McEwan Brothers Company of Whip
pany, covering the manufacture of news
board and which has eleven years to
run, for $50O,0OO. The McEwan Com
pany receives 100000 in cash and
further payments of $4,000 per year,
for eleven years, the life of the patent.
The organization of the National Com
pany was the outcome of negotiations
which have been going on between
various manufacturers of news board on
the one hand, and the McEwan Brothers
Company on the other, which were be
gun soon after the United States Court,
sittingat Wilmington, Delaware, handed
down decision, in February last, which
confirmed the McEwan patent. The
stock of the new company is to be taken
by seventeen concerns now interested in
the manufacture of news board as fol-
lows: The Indiana Pulp and Paper
Company, Marion, Ind: Beveridge Paper
Company, Indianapolis, Ind. Uncas
Paper Company, Norwich, Conn; Nc
Evan Brothers Company, Wbippany,
N. j.; George w. Downs, Newark, N. j.;
Derby Paper Mills Company. Shelton,
Conn; Philadelphia Paper Manufactur
ing Company, Philadelphia Hartland
Paper Company, Middleport, N y;
Bogota Paper Company, Bogota, N j.;
Agawomuck Paper Company, Philmont,
N. Y; Stony Brook Paper Company,
Whippany. N. j.; Stony Brook Box
Board Mills, Chatham, N. Y. Enterprise
Straw Board Company, Honeoye Falls.
N. Y; Fort Orange Paper Company,
Csstleton, N Y; H. G. & J. H. Davis,
Davisville, N. H., and John M. Shartle.
The officers of the company are Charles
Bard, of the Uncas Company, president;
X. B McEwan, of the McEwan Brothers
Company, vice-president; F. w. Brown
ing, of the Uncas Paper Company,
secretary and treasurer. Charles Bard,
R. B. McEwan, O. S. Jacobs, of the
Philadelphia Paper Manufacturing Com
pany; w. j. Sterrits, of the Hartland
Paper Company, and B. 1. Harter, of the
Indiana Pulp and Paper Company,
directors.
The new corporation will not, accord
ing to its present intention, undertake
any manufacturing. 1t simply purchases
and holds the McEwan patent, and will
confine its business to licensing the manu-
facture of news board under that patent,
and, what is of special interest, to en-
forcing its rights as the owner thereof.
The stockholders, in addition to purch-
asing their stock in the new company,
will pay license fees in proportion TO
their production, and production will be
limited to fixed figures. The confidence
which the various manufacturers have
in the strength and validity of the patent
is made evident by the price which they
have collectively agreed to pay for it.
The Paper Trade Journal, the leading
journal of the paper. industry, says edi-
torially:
Doubtless everybody who is engaged
in any branch of the box board industry
will be glad that the controversy over
the McEwan patent on news board which
has been going on for several years, is
finally and definitely settled. That the
patent is valid has been determined
pretty thoroughly by the courts, and the
manufacturers who have organized a
corporation TO take over the patent have
given very good evidence of their faith
in it's strength, as well as in its value, by
the price which they have agreed to pay
for it.
The present solution will be of great
benefit to the industry, and the advsn-
tages to manufacturers of news board and
users are mutual.
The formation Of the company is pc
culiarly gratifying to the numerous
friends Of the McEwan Company in
Morristown and vicinity and it simply
shows what grit and perseverance will
do. The McEwan Brothers are born
paper makers, and as practical manu-
facturers they saw that their patent was