The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-09-28
End of the War in England, and Be-
ginning of a Fight for the Trade
of the World.
OFFICIAL STATEMENT
PROVISIONS OF THE INTERNATIONAL
TRUST AGREEMENT.
Conditions I'm IreIand-Half of John
RedmOnd's Party May he in Jail
Before Christmas.

LONDON, Sept. 27.-The tobacco war has
been ended by the amalgamation of the
American and British interests. The official
statement covering the details and SUBJ
scribed by the officers of both combines fol-
lows:
1.-THE business of Ogdens Qimited) has
been transferred to the Imperial Tobacco
Company. and the export business of the
Imperial. Ogdens and the American Tobac-
CO Company and its allies have been ANAL
gamated. and a joint company Is in the
course of formation under the name of the
British-American Tobacco Company, linn
tied. The result is that the Imperial Com
pany will, as agreed between the hitherto
competing parties, be left in possession of
the trade of the United Kingdom, while the
American Company is not to be disturbed in
the United States or Cuba. and the British
American Company will compete for the
trade of other parts of the world. The
American Company will pay for the good
will of Ogdens' business in ordinary shares
ranking with the similar shares of the orig
inal vendors behind the 51k per cent. pre-
ferred shares of that company, and will pay
for the tangible assets of Ogdens in cash.
u. B. Duke r. II. Walters and Thomas
Ogden will be elected to seats in the Impe-
rial board, and the first directors of the
British-Amercan Company will consist of
Sir William Henry Wills, j. B. Duke. j. b.
Lambert, W. W. Fuller, W. G. Player, G.
c. Dula, Hugo r. Won, r. Cunliffowen, Per-
cival S. Hill, Thomas Gracey, w. B. Ogden,
tiers. Percy Ogden and Harold Roberts The
transfer of Ogdens' English business will
take effect Sept. 80, and from that day it
will be in the hands of the Imperial Com
pany.
1T is believed this combination is the
first attempt to unite any great interna ton
al industry, and it's progress will be
watched with interest everywhere. 1t may
mark a new development in the direction of
British and American interests joining
hands, instead Of competing against each
other in the sphere of commerce"
Referring to the termination of the con-
f1ict an official of the American Company
said: 1T is the first combination to my
mind on right lines and one that assures
real unity of interests where powerful
American and English concerns go hand in
hand to seek the trade of the rest of the
world / think the lines on which this COM
bination is formed are destined to affect the
larger field of general Anglo-American COM
mercial relations"
1--WE are decidedly pleased at the out
come of the negotiations" said one of the
high officials of the American Tobacco
Company. mot only are we pleased with
the good business deal out of which we
made several millions, but we are pleased
because the means a real
amalgamation of interests, instead of buy
ing off an opposition at a price which APP
pears to the opposition to be profitable
figure. Such a real working combination
of American-English interests as has lust
been effected will in any line of business
unquestjonably dominate the trade of the
world. Regarding the details, you can say
that the capital of the British-American
company will be $30000,000. Mr.. Duke will
be president While il Is convenient to
register as an English company and have
it's headquarters in London, we have named
twelve directors and the Imperial COM
pahies' interests have named six. The re-
spective financial interests are two-thirds
American and one-third English. There is
nothing to prevent transferring the head
quarters to America If IL ever proves more
convenient to operate there but at present
the business can be best carried on in Lon
don.
1--WE have named three directors for the
board OF the Imperial Company, which will
dom, while the British-American Company
goes in for the world trade outside of the
United States, Cuba and the United King
dom. The Cuban provision insures for
America the cigar business of the island.
of which we now control so per cent. The
Imperial company throws into the new
company its colonial business. So with our
trade outside the United States, the Brit
ish-American Company starts with ready
made annual business of 4,0O0,WO,OOO cigar
cites alone. Regarding the Imperial Com
panys factories in the United States, OF
which considerable has been printed In
England, they are merely leaf factories and
will be operated for that purpose.