The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-01-10
M'INTYRE MILL DEAL
RUMORs OF CONSOLIDATION OF
NORTHWEST MILLING INTER-
EsTs IS REVIVED
DEAL ABOUT coNsuMMATED
That Is the Latest Statement From
an Apparently Reliable Source
Promotes of the Project Is Said
to Have Strong Financial Back
ing-Experts In Duluth Check
ing Up Mill books.

DULUTH, Mimi, Jan. 9-Little has
been heard of Thomas Mcintyre, the
great organizer of New York. during
the past fortnight, but he has not been
asleep. He now has a deal on. through
which, in all probability, he will ac-
quire for himself and associates every
flour mill at the head of the lakes, ex-
cept the Manlsatn and the Grand Re-
public mills. The deal includes not
only the AIIis mills in Superior, but the
freeman mill as well, the AlIis mills at
Milwaukee. and the New York City
mills. The mills at Minneapolis are
not included in the present particulars,
nor is 1t likely that they Will be-
The basis On which present nego-
tiations are being worked could not be
learned tonight, fourther than that 1t
is to be cash deal. and holders of
stock in the various mill plants are
to get what will be equal to about 80
per cent of their original stock invest
ments.
Experts from New York, employed
through Mr. Mcintyre, are now engag-
ed in going over the accounts of the
Duluth Imperial Mill company, to see
that the books check with the repre-
sentations that have been made. They
commenced their work yesterday, and
are now up to their eyes in the old
musty records of the big mill in room
SIS, Board of Trade building. Before
commencing work they bad all the old
books of record and of account of the
mill company meved from the base
ment of the building to the room they
now occupy. AS soon as they have
completed the work of checking up the
books of the Duluth Imperia! Mill COM
pany, these gentlemen, it is understood
will go to Superior and West Superior
To check the records of the mill COM
panies there that are to go into the
deal
The fact that experts are in Duluth
checking over the accounts Of the mill
companies is. of course, no sure indi-
cation that the deal will go through,
put there are other facts in connection
with the proposition that make it quite
likely that 1t will be completed this
time, and that the mills at the head Of
the lakes will soon pass into new
hands.
STRONG BACKING.
The men behind this deal are ren,,tad
70 6e very wealthy. It Is supposed
that they will not be content with any,
thing less than ahsyesfsEtte control of the
property they expcst to acquire. All
stockholders, big $50 little are to get
cash for their shas sss.
1t is understood that Attorney Shack
leford, of West Superior, Is now and
mas been for some. time in the employ
OF Mr.. Mcintyre to push his interests
in the West. Some months ago. long
before Mr.. Mcintyre was heard of In
connection with -four mill properties.
Mr.. Shackleford. then In the employ
OF the Allis pesfr, OF Milwaukee,
made an effort to consolidate the mill
ing interests at the head of the lakes.
and is said to have almost succeeded.
He has not, at any time since then,
let the matter drop, and, naturally,
When Mr.. Mcintyre wanted represen-
tation in this part Of the country, Mr..
Shackleford was employed
One of the prominent stockholders Of
the Imperial mill last night said:
''The Imperial mill can make flour
enough, except for about two months
in the year, to supply the require
ments of the trade of all the mills at
the head Of the lakes. Almost any
two mills on the Superior side can do
the same thing. Certainly any three of
them can. Now there is one thfQg Ger
tain in relation to this matter: If this
deal goes through, the people that
take these mills will not operate all
of them, except possibly at certain
busy seasons of the year. They will
operate plants that can be operated
| with the best economy, and, when the
| question of economy comes up for con-
sideration, the labor question will be
given careful attention"