The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1901-06-07
ANOTHER BIG DEAL
Tower Lumber Go. Buys the Tower Log
ging Company's Interests.

!: Tower Lumber Co Buys the Tower Log.
: ging Company's Interests.
: One of the biggest deals of the pres
: en6 year in lumber circles in northern
Minnesota has just been cOnsummat-
ed whereby the Tower Lumber COM
pany, of Tower, buys the entire pro-
perty of the Tower Logging Railway
company, including the railroad,
equipment, sawmill at Bear Head
Lake, and 100000 feet of standing
pine. The consideration was 1925, 600
The Tower Lumber company took
possession of it's newly acquired pro-
perry Monday morning. The deal
places the Tower Lumber company in
the 'front.' rank of the bigger interior
lumber manufacturers of the state.
The Tower Logging Railway COM
pany owned 20 miles of road running
fromsa point short distance east of
Tower on the Iron Range road to
Bear Head Lake. The track is of
standard guage and the equipment
consists OF three good locomotives and
100 hat cars for hauling logs. Two
years ago the company built one
band sawmill at Bear Head Lake and
hasoperated it ever since, saving its
Ownstimber, Before the Howe Lum-
befcompany's mill at Tower was des-
troyed by fire the logging railway
company delivered logs to it, The
road had delivered upward of $780,
OO0, 600 feet to the Howe people before
the latter's mill was destroyed. The
Tower Lumber company was organ
lied to buy out the Howe Lumber
coinpany's interest at Tower and vi
cinity, and built a first class plant to
manufacture its newly acquired tim
Der. The Tower Lumber company's
policy ever since it established at
Tower has been one OF expansion. 1t
has been steadily acquiring more
timber, and it was announced last
week in the MINER in connection
with the sale of the Day Bros. tim
Der to this firm, that it now has
enough pine to keep its mill in active
operation for Is years.
Following Immediately upon the
heelssOf thepurchase of the Day tract.
comes the announcement of the pur-
chase of the entire interests of the
Tower Logging Railway company.
| The purchase is important to the new
owners in more ways than one. In
the first place they have acquired
40, 900, 900 feet additional of pine, and
IN the second place they have acquir-
ed road which will be useful in get
ting the Day Bros timber to the mill
at Tower. 1t is reported that the
Tower Lumber company will probably
sell the sawmill at Bear Head Lake,
which it has acquired with the other
possessions uf the logging railway
company.
The Tower Logging Railway COM
pany was very active concern and
was one of the best known enter
prises of the kind in northern Min
nesOta. The officers of the company
are: President. William Allen; vice
president, L. M. Jochem. and secre-
tary and treasurer, d. Wittenbe
Jr.. all of Tower.
The deal is of interest to Tower for
the reason that they are now assured
that the logging railway company
pine will now be manufactured in
that town.
Within the past week the Tower
Lumber company has acquired, in
Guiding the purchase from Day Bros,
80, OO0,0 900 feet of pine for manufacture
ing purposes, logging road 20 miles
| in length, with equipment and an ad-
ditional sawmill.