The Somerset reporter. [volume] (Skowhegan, Me.) 1868-1909, 1904-09-08
Sale of Mills at shawmut.

For several weeks past, rumots have
been ahJat TO the effect that he properly
OF the Lawrence. Newh4ll d Page Co,
at Shawmut was 10 b. soid but up 70
Last week nothing definite had beer
given out y the above drm.
The following Is learned from a men,
Der Of the company. A few week
ago Messrs. Fullerton and PaglDsteche-
OF New York were In town, represen'.
Ing the Manufacturer Paper Co. Of
Muskegon, Mich. to look over the prop
erty.
They were very iaYoratlY impressed
with 1t, and the sun Of 80, JO0 Was pad
to the Lawrence, Eewhall K Page Co. =
bind the bargain with the agreemen
that the company from New York wouIa
take the property, January !, l595. sad
pay the rest OF the sum agreed upa4.
which Ia over 1900 900 This Seems TX
an immense Gum, but the company hsgs
been offered good price for the property
previous to this time, but realized thsf
they could get more, and the price row
paid, certainly looks as II they had q
right idea of the matter, and knew Whal
they were doing. The transfer is not
made at the present time for the reason
that the company had many miIlions OF
feet Of lumber now In their b00ms and
piles now 10 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 mill built two years
ago by the old company, all the WAter
privileges, including the river dan, real
estate, holdings, sheds, store houses.
tracks for conveying the lumber by
means of cars, all the tenement houst g
and yards owned by the old company
within the village Of Shawmut.
With the mill property will be included
the boom privilege at Shawmut, where
all the logs intended for the mill are
are caught and doomed The big dam
across the main channel OF the kennebec
at Shawmut, provides an exclusive power
which cannot be attached by any person
or company, and this gives an all-the
year round power. II is also possible 10
secure greater power by means Of iu-
provements. This means an exclusive
control OF all the power produced By the
river dam at Shawmut.
Messrs. Fullerton and Paglnatecher,
who came here to inspect the property
and bind the trade, say that they intend
to erect mill at Shawmut IN the near
future that will cost million and half
of money. II this proves to be the case,
1t will mean much to the people of this
vicinity. The power at the present
time Ia ample for the needs Of the CON-
pany, but II mill of these proportions
is built, 1t will have to be strengthened
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
course something may occur yet that the
deal may be broken, but it is not likely
to unless something unexpected should
happen. The business at Shswmut con-
Quoted by the Lawrence, Newhall & Page
Co., has been marked with much success
when the mills were operated by the old
company, and since the new one took
possession, and the gentlemen associated
In the concern are men OF honorable
dealings and strict integrity, and 1t will
be a sorce of regret throughout business
circles everywhere to learn Of the ex-
pected change.