Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1902-08-14
SALE OF HARLAN PLANT.

Shipbuiiding Combine Has Bought the
Harlan q Hoilingsworth Establishment.
Through Messrs. Scott g. Co., the
United States Shipbuilding Co. for
some time has been negotiating to pur-
chase the Harlan & Hollingsworth Co.
As a result of these efforts, Scott q Co.
secured for the shipbuilding combine
about go days ago an option on the en-
tire capital stock which amounted to
s1.000,000 This option was accepted
by the shipbuilding combine and Mon
day the sale was contaminated by
the payment in full of the purchase
price. The sellers refuse to state the
terms, but they are said to have been
very favorable.
Lewis Nixon, the great shipbuilder,
and formerly leader of Tammany Hall,
is the manager of the combine, which
will be able so to divide the large
quantities OF work which it will have
as TO secure@ the most economical
handling by the various plants. Thus
the Wilmington yard will get the work
which it is able to do to the best adj
vantage.
For the present tine old officers of the
Harlan II Hollingsworth Co. will re-
main and the situation here will move
along much as it has been doing. 1t is
understood, however, that the consoli-
dation will eventually bring large in
crease in the work done here.
In giving the option an agreement
was reached covering the suits pending
in Chancery in which the local com
pany was concerned, and when the
purchase was made decree was
entered by Chancellor Nicholson by
general consent. Ii. w. Cause, presi
dent of the local plant, is director Of
the ship combine.
The attorneys in the case were a rep-
rosentative of Alexander e. Green of
New York, attorneys for the United
Shipbuilding Co., and William s.
Hilles, Benjamin Nields, David j.
Reinhardt and Herbert H. Ward and
Andrew z. Gray of this city.
sHIPBUrLDINe CONDENSATION ORG AFFIXED.
The following dispatch was sent from
Elizabeth, N. j., Monday night: 1.-THE
giant ship combination, known as the
United States Shipbuilding Co., capt.
! tali2ed at $40, 000, 000 was formally or
ganized today in the office of Lawyer
i. Ill. Gilhooly by the absorbing of the
Crescent Shipyards, of which Lewis
Nixon was owner, and the foundry of
s. l.. Moore Sons Co., both of Eliza
bethport. In the deal Mr.. Nixon re-
! ceived something over $1,000, 600 and
the s. j. Moore Sons about one-third
as much. In addition to the two
Elizabeth concerns, the company alb
serbs the following plants:
The Union Iron Works of San
Francisco; the Bath Iron Works OF
Bath, Me. the Hyde Windlass Co. OF
| hyde, Me. ; Harlan & Hollingsworth
of Wilmington, Del The company as
originally established two months ago
was capitalized at $40, 600, COO and later
| bonded at $40, COO, COO more. just after
| this Mr.. Nixon, it is said, purchased
\ the Bethlehem Steel Works, one of the
largest independent WORKS in the United
States,a special product Of the concern
| being armor for warships. 1t is also
explained that the most friendly rela-
tions will exist between the new com
hination and the United States Steel
Corporation. Among the other com
panies announced today as being in
cluded in the trust are:
THE Eastern Shipbuilding Co. OF
New London, Conn, and the Canda
Manufacturing Go. of Carteret, n. J.
The acquisition of the Bethlehem
Steel Co. will give the Ship Combina-
| ton chance to build warships. com
| plete with armor, armament and all
equipment. The new ship company
| have contracts amounting to IS, 600. COO.
The Crescent Shipyards and the Moore
Foundry will be enlarged and more
capital applied and many hundreds
more hands employed. Mr.. Nixon will
manage the Crescent Shipyard. A
number of capitalists gathered in the
lawyers office today, and all the papers
necessary were signed and handed over
| to the proper holders ;,