The sun. (Wilmington, Del.) 1897-19??, 1901-05-08
Rumor Of a General Shaking up in
Various Departments.
], M. JACKSON TO LEAVE
The Decision to Sell the Plant to the
American Car and Foundry Com.
pany Reached After Job H.
Jackson Was Stricken.

The Jackson & Sharp Company Of this
eity las been purchased by the American
car aud Foundry Company of st. Louis.
The new company will take charge of
thr oral plant today. The deal has been
ppmIing for several days but it was only
Yesterday that il was consumated.
OtlirinIs Of the company have been
working day and night getting things in
AlEpr for the change. They started to
take stock on Monday and to make
other final arrangements. Yesterday was
tn colnmny's regular weekly payday
aud employees were paid as usual, but it
was the last pay they will receive from
thc I'D jackson X Sharp Company.
The American Car and Foundry Com
pany Is one of the largest car building
concerns in the country. Its principal
object III purchasing the local plant is
% secure IN eastern connection. 1t al
ready has several other plants in diff
fcrcnt sections of the country. A repre-
sentative Of the st. Louis company has
hrrn in Wilmington several days negotiat-
hg tile deal. Job III. Jackson. president
ii the company, being ill, the Jackson
interest III The deal was looked after by
t;rolgr 5. Capelle, president of the Ma
tiolG Bank Of Wilmington and Brandy
Winr where the company has kept its
account for many years.
The price paid by the American Car
and Foundry Company for the local
plant has not as yet been announced
l.ilsl week il was said that the amount
ol tlle deal would he 100000. 1t was
rWmord yesterday, however, that the
price 70 he paid would reach s1,0O0,O0O.
The pricpal stockholders of the COM
pay were job III. Jackson, president Of
Tho company, who owned about so per
cent Of the stock; Elwood G. Jackson,
rice.preSident; Fred L. Knrtz, treasurer;
Charles Gawthrop and j. Monteith Jack
son.
Of late years the management of the
Jackson \ Sharp Company has been
Very unpopular. 1t has been especially
unpopular with the working men of this
rltN. The plant is said to have been run
more suited to the times of fifty years
a2o than the present. Many business
men of the city are of the opinion that
Il has not been the benefit to Wilmington
tiai would be expected from such Il large
concern. The company has not paid a
dividend to its stockholders for several
Years. Many welcome the change as
II haleye the new company will run
llr ltlilnt an i more modern scale. 1t is
lnl,l'Stoo that the new company con
templates enlarsing the plant and also
increasing th" force of workmcn which
10y numbers nearly 1000
lainor has it that the purchasing oi
We jackson Il Sharp Company by the
Western company will bring with il
hlailY important changes in the manage
heni. Charles Gawthrop, who has prac
'tallN been running the plant for som,
illn', Is said tn he slated for manager oi
W. branch Of the new company. Mr.
hawthrop is y very ambitious young MAJ
'hd has many friends. William Vass
,lRnrihrnacnt of the car department
NlIl lrobahly resign. ]. Monteith Jack
t"h, i is understood, has accepted
POSITION with Il small railroad in TIL
S9iill 1t is not known what the plan
Y tlWo"d G. jackson are for the future
was said yesterday and in fact !
tls been an open secret that the reasol
~. plant was sold was because Job Fl
,arts9n and his sons Ewood G.. and ]
hohl"th Jackson could not agree on TIL
management of the plant. Mr.. Jackso
Sils partial Of Charles Gawthrop an
accepted his IDEAS and suggestions i
preference to those of his sons. In fac
w. ''awthrop was the power behind th
N9f"he. What ever he said went II
Hali"r how much Elwood and MOI
Ntth protested. On account of TIL
i,h1i"n il was decided TO make man
'''thsrS IN the management sometin
;tao Mr.. Gawthrop was selected for
llaGe Of honor and trust. Then M
'arNsnn, Sr. began to fail and rath,
w, leave the plant to the managemel
v llS sons he decided TO sell il.