Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-09-03
A BIG DEAL.
Lawrence, NewhaII and
Page Co. Sells.
New York Parties Purchases.
TimberIands Not Sold.
New Mills Will Be Built Aloru the
kennebec.

Fairfield, Nc, Sept. 2.-(SpcciaD.-
for several weeks past, runors have
been ailoat on the street to the eftec,
that the property of the Lawrence
Newhali & Page Co., at .;hawmut, was
10 be sold. but up to the present time
nothing definite has been given out by
, any of the above firm.
! Several reports have recently ap.
peared in the various papers of the
state, ana the following is learned
from one of the company. a few
weeks ago, Mcssrs. Fullerton and
! Poglnstechcr of New York. were in
town. representing the Manufacturers
i'apcr Co. of Muskcgol, Mich, 10 look
f, over the property.
| Ih"y were very favorably impressed
with it, and the sum of $4,000 was pai:I
to the Lawrence, Ncwhall & Page Co.
10 blnd the bargain. with the agree
neht that the company from New
York would take the property. Jan |,
1903. and Pay the rest uf the sum
agreed upon. which is over $500 900.
| Ihls seems like All immense sum, but
the company have been offered a goo
plicc for the property previous to this
: time. bat realized that they could get
more, ana the price now paid certain
~ locks as if they had Il right idea of
the matter, and knew what they were
doing. Tho transfer is rot made at the
present time. for the reason that the
company had many millions of feet
of lumber now in their booms and plies
to saw.
The purchase of the property does
not include any of the lumber lands
owned by this company. but includes
two saw mills. the new pulp min built
two years ago by tho old company. all
the water privileges, including thu
river dam, real estate. holdings, sheds
store houses, tracks for conveying the
lumber by means Of cars. all the tone
mcnt houses and Yards owned hy tn
old company within the village OF
Shawmut.
With the mill property will he i'll
cluded the boom privilege ut ShnwInut
where all the logs intended for tho mil
are caught and bo1iErd The big dan,
across tn" main chaEncl o. the Kon-
nCbrc ut Sha Wmut, n"oN idCS an cXclU
sive power which cannot he attacnc. /
ny any person Or company. ana this
gives an alltho-year round power. n
is also possible to secure t,ronter power
by means Of improvements This means
an Cvcl'sivo control of al, tho nnwe,.
produced by the river dam at Shaw
nut.
McSsrS. Fullerton and PaganStcher,
who came lore to inspect the property
and bind ths trade. say that they intend
to erect Il mill at Shawmut I'm the near
future that will cost a million and a
half Of money. If this proves to be the
case. it will mean much to the people of
this vicinity. The power at the present
time is ample for the needs of the COM
pany, but if Il mill of these proport ions
is built. it would have to he strength
encd. but this can easily be brought
about and the water made to pass
through the wheels of the mill that now
is lost
The company from Michigan have
made no purchase of timber lands and
the Lawrence, Newhall & Page co. have
not sold any of their tracts and will
operate them. this winter, as usual. OF
Np'i sunny thiiit, w VI w thue
the deal may be broken. but it is not
likely To unless something unexpected
should happen. The business at Shaw
nut conducted by the Lawrence. New
hall & Page Co, has been marked with
much success when the mills were OPP
Grated by the old company. and since
the new one took possession, and the
gentlemen associated in the concern are
mon Of honorable dealings and strict in
territy. and it will be Il source of re-
eret throughout business circles every
where to learn of the expected change.
The fire in the Avondale mine Of the
Delaware. I4ackawanna & Western Coal
Co. near Plymouth, Pa, continues to
burn. All timber work between the Red
Ash and the Rose shafts on the Red
Ash level in the vicinity, where
zau,,,-y1 p;,,o 1nare IN hac