Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1902-12-26
N

FURTHER DETAILS OF THE MER-
GER OF SOME OF THE STATE
Ignite MINES.
Some additional "details of the mer-
ger of Ignite mine II given as follows
by the Grand Forks Herald:
The Kenmare Dry Coal and Manu-
featuring Company, made UP largely of
Grand Forks capital. has been alb
sorbed by the Dakota Fuel Company,
recently organized under the laws Of
the state OF New Jersey, with a capital
of 100000.
While the formal transfer OF the
property has not been made, it will be
very shortly and the stockholders of
the kenmare company will take stock
IN the new corporation. The Kenmare
company owns 1000 acres OF land and
the mines are now tuning out 100 tons
OF coal per day. It is proposed by the
new owners of the property to make
improvements aggregating 100000 at
kennlare, included in this expenditure
being the erection of sufficient houses
to accommodate the miners employed.
The Dakota Fuel company is made
w OF unlimited mea Mr.. Curtis.
president OF the international Paper
Company. and Mn. Hartman. who has
charge OF the coal operations for the
New York Central Railway Company.
are the principals and it is understood
that Mr., Curtis will be the president
OF the newly organized company.
Before the organization of the Da-
koEa Fuel company the coal fields of
North Dakota were thoroughly inyesti-
gated by an expert named Law, who
spent several months in the state.
An attorney named Enright was here
from New York to look after the legal
points. and all told something like
$4,000 was spent in the investigations
OF these two men.
The first property acquired by the
Dakota Fuel company was the i'm
mense mining properties of Mr.. Davis,
o. Burlington, located ON the 500, mid
way between Kenmare and Minot. The
Davis mines were almost the first
opened in the state, and a man thor
oughly acquainted with the affairs of
the new company is authority for the
statement that Mn. Davis sale was
without any reservation of any stock
holdings and that he will in no way be
Interested in the larger company. The
property of the Kenmare Dry Coal anu
Manufacturing company came next, but
the stockholders in the company will be
paid in stock in the new corporation.
In addition to these properties the cor
poration have acquired The Peake
mines in the western part of the state
o. the Northern Pacific, or have an op.
ton on them, tits said. Other
critics have been optioned, and all tol6
the company will have sufficient Goa.
lands in the State to control the great.
est part Of the ignite output.
A man interested in the Kenmart
company claims that the Dakota Fue
Company is not a trust and that no e
fort will be made to control the out
put or fix the price. In support o
this it is pointed out that the Wash
burn and Wilton mines will not be &C
quired by the new company, and no eff
forts have been made to secure posses
sion of the half dozen or more mines
in operation in the vicinity OF Kenmar
and Minot. The new company doe
expect, however, TO Improve whateve
mining properties 1t may secure in TIL.
state, so that it will have a daily outpu
of $500 tons.
The home office of the Dakota Fue
Company wild be in New York City
and it is expected that the western
office will be located i'm Grand Forks
The men interested in the project her
claim that the employment of thi
large capital in the coal industry i
North Dakota will mean much to til
state. and as there is an unlimite
amount of iignite to be found in th
western sections of the state, alon