The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1902-10-01
TOBleGl DUKE WINS FIGHT.
The Mar Refween american and
Imperial tobacco Company
Ends in the Analganla-
tion of the Concerns.

London, Sept. q. The tobacco war
has been ended by the amalga1nation
{ os the American and British interests.
The papers we're finally signed today.
The company will be registered IN
London on Monday. An Official state-
ment was given ont, the text of which
follows
The business Of 0gdens, limited,
has been transferred to the Imperial
Tobacco COMPANY and Sthes sexportbusI-
nesses Of the IInpsrial QgdeAs ana the
American Tobacco Company and its
allies have been amalgamated and a
ioint company is ii course Of lorna
s;on under the name Of the British
American Tobacco Company, limited.
The result is that the Imperial Com
navy asiil, as agreed between the
hitherto competing parties. be LETT IN
possession of the trade OF the United
Kingdom, while the American Com.
pany is not to be disturbed IN the
United States or Cubs, and the Brit
ish-American Company Will compe5e
the trade Of the other parts OF the
yorld. The Imperial Company will
nav for the good will Of 0gdens' bust
ness n ordinary shares ranking With
the similar shares Of that company
and VIII pay for the tangible assets OF
ogdens in cash. J. B. Duke, e: H..
Walters and Thomas Ogden viii be
elected TO seats IN the Imperial Doara
and the first directors of the British
American COMPANY viii consist OF Sir
Wm Henry Wills, sJ. b. Duke, j. b
Cobb. 81. Wills, ". Harris,
Lambert, VI. W. lfullet, ". @.
PLAYER G. Dnla, Hugo Won Il.
Cnniife Gwen, Percival S. Hill,
Thomas Gracey. ". B. Ogden, Thomas
OGDEN. r. 81. Walters, Percy Ogden,
y Walters and Harold Roberts.
g The sransfer of 0gdeus English
business will take effect Sept. 80 and
from that day it viii be IN the hands
Of the Imperial Company.
lt is belisved tads coTnbInas1on 10
the first atsempt to unite any great
intsr-national industry and It's progress
viii be watched With Interest every
where. It may mark q new develop
aent In 5he direction OF British and
American interests joining hands, In
stead Of competing against each other
n the sphere OF commerce.
Referring to the termination Of the
conflict an Official of the American
$Gompany said to Is representative or
The Associated Press:
It is the first combination, TO my
mind, on right lines, and one that as
sures unity Of interests where power
ful American and English concerns go;
ouS hard hianS TO seek the: tEade OF
sglss rest sssGhs world &c has Been q.
difficult matter, requiring the most
cayefuI consideration. he negotiations
have been proceeding since Aug. i9.
Ts was subject which could not be
discussed in the press while they were
IN ssS nov saaaEs -they
concluded We have decided to issue an
authoritative statement TO head OF
varbsed accounts. Personally, think
sEe. lines on which this combination
- ssosraga ls slisssssffasaaa ssos asEect fsEe
lager 6sld Of general Anglo-A American
commercial relations. =
We are decidedly pleased at the
pnseome Of the negotiations, said one
Sc She highest officials of the American
Tobacco Company, discussing the stu
sion with representative of The
ssociaSsd Press. g Not only ares we
ylessed 81 the good business deal ouG
Of which ne made several mi Hons, but
vas are CHASED because she combination
means rsas anaaIgaEaatiop OF inter
agss, instead of buying of an opposi-
son as q price which appears to the
opponent TO Be profitable figure.
Such reai Worsing combination OF
American aud English Interests as has
jast been effected viii in any line Of
business unquestionably dominate the
trade Of the world.
REGARDING the details you can say
that she capital Of the British Amer
can Cemrany Will be SO, 900, ,O0 Mr..
Tsnke viii Sc UrssidsH$. While iS is
sonrenisnS TO register it as an English
company ard Rave It's headquarters in
asI,ondons e hssHe named II directors
and the imperial Coinpany's interests
aave named SIX, The RESPECTIVE imam
cSal Interests are two-tbirds American
aad one-shird English! THERE'S Moth
mo 60 prevent transferring the head
charters 70 America if it ever proves
snore convenient to operate there, but
81 the present the business can be best
csrried on in London.
We have named three directors for
HE board Of the Imperial Company
which will hereafter seonfsne itself TO
the United Kingdos while the Brit
Ssh-American Company goes in for the
world trade, out of the United States,
CEba and the United Kingdom. The
gnban provision insures for Ameri-
cans the cigar business of the island
u which we now control 80 per cent.
The Imperial Company throws into
She new company It's colonial business.
So, with our trade outside the United
States, the British-American Com
uany starts with ready-1nade annual
business Of 1000, 600, 900 cigarettes
alone.
Regarding the Imperial Company's
factories lii the United States, con-
cerning which considerable matter has
been printed in England, they are
merely leaf factories and will be open
ed for that purpose. .