Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1905-03-14
MkTHIE BROS. LAND co.
Looks as If New Papey Mill Is AS
sured Fact.

On Wednesday the Mathie Bros
Land Co. was created by the filing and
placing on record in the Office Of the
secretary of state, of incorporation
papers for that concern. The incor-
porators named in the papers are Karl,
john and Otto Mathie, though it is
understood that two other brothers,
| Frank and Ed, are owners of stock.
The company is capitalized at $40, 900,
there being 800 shares at $l00 each, The
papers were filed simultaneously with
| those for the Wisconsin River Traction
and Power Co., and to the pnblic it
looks as if there were some connection
between the two, but this the incorpor-
ators deny. The powers Of this organi-
zation shall be-
The purchasing, selling, leasing and
operating of lands and interests and
titles therein; the logging, manufactur-
! ing and marketing of timber and its
products; the buying and selling of
water powers and rights, and the i'm
proving and operating of water powers;
the engaging in and carrying on in all
their branches of a general mercantile,
commission, trading, transportation,
water, lighting, power, storage and in
vestment business, and to promote, do,
acquire, hold, or dispose of all or any
thing incident or necessary, convenient
or proper, to carry out any of the mat
ters, things or purposes of aforesaid or
incidental thereto
For two or more years past there have
been rumors in the air at different
times that plans were being formulated
for the construction of large mill at
Kothchilds. The men said to be inter-
ested in the move, when the subject
was approached to them, did not flat
footedly deny knowledge of the matter,
but were reticent in giving out any in
formation. This was done for busi-
ness reason. TO build a dam at that
point, flowage rights would necessarily
have to be secured If it had been
openly announced that a paper mill
was to be built owners of property
along the banks of the Wisconsin and
Rib rivers would in many cases have
asked prohibitive prices for their lands.
The Mathie brothers have been work.
ing quietly for some time in securing
these rights and in many instances have
purchased lands outright. Some trouble
was experienced but at last everything
has been satisfactorily settled, and to
protect themselves in their rights the
above named company was organized.
Some time ago hydraulic engineers
made survey of the water power and
furnished estimates of the power that
could be furnished, the head of water
raised and the acreage of fowage.
1t is now possibility, almost a cer-
tainty, that work on the construction of
the dam and mill will begin before the
passing of the present year. 1t was
given out in the press some time ago
thai stock company would be organ
lied as soon as certain Wausau man
of capital, who was then and still is out
of town, returns home
Rothchilds is fine location for such
an institution. 1t is easy of access to
both railroads. The St. Paul road runs
within few rods of the river and the
Northwestern would only have to
extend its Schofield branch about one
mile. The river banks on either side
are high, making the water power ad-
vantages extensive. There is also excel
lent opportunities for improving a town
site, and it is close to the markets of
Schofeld, Mosinee and Wausau.