The Montgomery advertiser., 1902-09-28
TOBACCO WAR AT END
ENGLLsHMEN AND AMERICANS E AGREE ON TERMS.
Decide to Form a New Company to Do Business Outside of United Kingdom, United States,
 Canada and Cuba.

London, Sept. 27.-The tobacco war has been ended by tn eamalgamation of the Ameri.an and British interests. An off cial statement covering the details ana subscribed by the officers of both con- pines will be given out later. Referring to the termination of the conflict, an off cial of the American company said to a representative of the Associated Press:
 Tt is the first combination to my mind on right lines, md one that assures unity of interests where powerful American and English concerns go out hand in hand to seek the trade of the rest of the world. It has been a difficult matter. requiring the most careful consideration The negotiations have been proceeding since August 1901. It was a subject which could not be discussed in the press while they were in progress, but now they are concluded we have decided to issue an authoritative statement To head off gar bled accounts. Personally I think the lines on which this combination is form ed are destined to affect the larger field of general Anglo-American' commercial relations.
 The text of the official statement is as follows:
 The business of ogdens, limited, has been transferred to the Imperial Tobac- co Company and the export business of the Imperial-Ogdens and the American Tobacco Company and it's allies nave been amalgamated and a joint company is in course of formation under the name of the BritiSh-American Tobacco, linn tied. The report is that the Imperial Com- pany will as agreed to heretofore be lett in possession of the trade in the united Kingdom while the American company Is not to be disturbed in the United States and Canada and the British-American company will compete for trade in other parts of the world The American com pany will pay for ;he good will of the Ogdens business in ordinary shares rank ing with similar shares of original ven ders behind the 51-2 per cent perferred shares of that company and will pay for the tangible assets of the Ogdens in cash.
 U. B. Duke, R. H. Walters and Thom- as Ogden will be elected to seats in the Imperial Board and the first directors of the British-American Company will con- sist of Sir William Henry Wills, J. B. Duke, B Cobb. H. H. Wills, w. K. Harris, C. E. Lambert, w. w. Fuller, w. G. Player. C. c. Dula, Hugo Honri- cunliffe, R. E. Owen. Percival s. Hill, Thomas Gracey, W. B. ogden, Thomas Ogden. R. H. Walters. P. R. Walters, Percy ogden and Harold Roberts.
 The transfer of ogdens English bus!- ness will take effect September 30 and from that day 1t will be in the hands of the Imperial Company. It is believed this combination is the first attempt to unite any great international industry and it's progress will be watched every where. It may mark a new development of direction of British and American in- terests joining hands instead of compet- ing against each other in the sphere of commerce"
 We are decidedly pleased at the out come of the negotiations" said one of the high officials of the American Tobaccc Company to representative of the As sociated Press Not only are we pleased with the good business deal. out of which We made several millions but we are pleas ed because the combination means a req amalgamation of the American and Eng fish interests which will unquestionably dominate the trade of the world, The capital of the British-AmeriCan will he $50 coo. 000 MT. Duke Will ne president While it is convenient to register as an English company and have it's head quarters in London. we have named twelve directors and the Imperial Com panys interests have named six. Their respective financial interests are two thirds American and one-third English. There Is nothing to prevent transferring the headquarters to America if 1t ever proves more convenient to operate there, but at present the business can be best carried on in London,
 ''N-e have named three directors for the Board of the Imperial Company which will hereafter confine itself to the United Kingdom while the British American Company goes in for the world trade out side of the United States, Cuba and the United Kingdom. The Cuban provision insures for America the cigar business of the island, of which we now control SO uer cent. The Imperial Company throws into the new company its colo uial business. So, with our trade outside the United States, the British-Amerlcan Company starts with a ready made an- nual business of 4.0OO.0oo00O cigarettes alone. Regarding the Imperial Compa- nv's factories in the United States con cerning which considerable matter has been printed in England, they are merely leaf factories and will be operated for that purpose"