The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-03-22
THE LUMBER TRUST
IS CHARTERED HERE
The "Southern Saw Mills and
Lumber Company +"
BIG MILLS IN THE EAST
Branches CT the Atlantic Seaboard
Pine Company"
CONTROL NORTH CAROLINA YELLOW PINE
Capital Stock Of the Trust S28, 600, 600, and
of the Company Chartered Here Yestfr-
day It is Half Million Mills at
Lumberton ard Kingsdale.

The southern Saw Mills and Lum-
Der Company" which is the North
Carolina branch of the new lumber
trust known as the atlantic Sea-
board Company" of Philadelphia, was
yesterday incorporated here by the
Secretary of State.
The capital stock of the company
shall be 100000, divided into shares
of the par value of so. The incorpor-
ators are all Philadelphia parties, as
follows: Atlantic Seaboard Compa-
ny, 1897 shares; w. Z. Weber, /
share: John III. Cromie, Jr.. | share,
and Augustus Miller, / share.
The principal offices of the corpor-
alton shall be at Philadelphia. Pa, and
at Lumberton. n. c., and the places
of business shall be at Lumberton,
hingsdale and such other places iii
North Carolina as may hereafter be
determined upon. The duration of
the corporation shall be thirty years
and it's business shall be that of ac
curing timber and timber lands and
other real estate, and disposing of
the same: manufacturing and selling
lumber and the commodities manu-
featured from timber, and doing such
other things as may be deemed essen
tial or convenient to the conduct of
the business contemplated
Annual meetings of the company are
to be held at its Offices in the city
of Philadelphia on the 18th day of
January of each year, at which time
the officers shall be elected.
Phis corporation having heretofore
been incorporated under the laws of
West Virginia, January 10th, 1899,
and being now engaged in business at
Lumberton and kingsdale, in North
Carolina, the officers heretofore elect
ed and the organization heretofore
effected is hereby adopted and con-
tirmed, and until the next annual
meeting the following shall be the
officers: President, Augustus Mil
lier; vice-president, John II. Cromie,
Jr.; secretary and treasurer, Thomas
l.. Carson; board of directors, Angus
tus Miller, John II. Cromie, Jr, and
". Z. Weber.
The above are also the Officers Of the
Atlantic Seaboard Company.
The Atlantic seaboard pine lumber
manufacturers early in February com
pleted all arrangements for a com
bination of the companies, with a
capital of 100000. The yearly pro-
duet of the seven big mills which
make up the combination is now about
seven hundred million feet. and the
companies which have gone into the
trust are the Atlantic Coast Lumber
Company. with three mills at George
town, S. c.; the Surray Lumber Com
pany, the Banning Manufacturing
Company, the Cape Fear Lumber Com
pany, the Camp Manufacturing Com
pany, the Tunis Lumber Company and
the John T.. Roper Lumber Company.
In connection with the lumber opera
tions coast line steamship company
has been formed. with j. CrossthWait
and Lewis A. Hall as directors, TO
facilitate the handling of the pro
duct of the mills in the cheapest man
ner possible.
1t is expected by the men interested
in the combination that it will be
able to control the entire lumber bus
mess of North Carolina. They now
saw about nine-tenths Of the yellow
pine manufactured on the Atlantic
Coast. The seven companies named
own about 1000. 000. 900 feet of lumber
and control about 600 miles of rail
road. Their sawmill capacity is l.
100000 feet a day. and they have large
planning mills and box factories. To-