The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1906-01-18
IS ACQUIRING MUCH TIMBER
ILWAUKEE ROAD SECURING OP-
TIONS ON LANDS IN STATE
OF WASHINGTON.
Bio Prices Paid for Properties and
Cruisers Are Now Looking
Over Holdings.

| Options have been taken by inter-
ests identified with the Milwaukee on
! much of the timber holdings in this
state. independent Of the Weyerhau-
ser properties. A big option has just
been closed on part of the old Rock
| efeller timber lands and another in
| Snohomish county which, gives profit
| of $4,000 to the timber land owner
| has been taken. Cruisers have been
sent out to look over the timber.
| Ostensibly these options have been
| taken in the interest Of a big Mime
apolis timber syndicate but it is known
| that the people who are really repre-
scented are close to the Milwaukee. J.
F. Fitch, SON in-law of President A. j
Earring of the Milwaukee system, is at
the head of the big timber buying syn
dictate.
| Mr.. Fitch has been on the coast for
several weeks. His mission has been
| given out as that of a man interested
| in the establishment of a house which
would deal in railroad materials. 1t
has been inferred that Mr.. Fitch would
be heavy seller to the Milwaukee
| when construction work begins. So far
as railroad men know this plan will
| be carried out.
1t is known positively among big
| ly the man who is directing the pur-
| chases of timber holdings in this state
| interests which are involved in the
Milwaukee management and is under
stood to represent them in buying tim
| Der lands here.
The organization of a timber syndi-
cate by Milwaukee railroad capitalists
| is a step in the direction that the heavy
| buying has taken. 1t is expected this
syndicate will take over the lands upon
| which options have been given and will
eventually cut the timber for market
/ ing among Washington mills.
While the capitalization in the tim
Der syndicate is given at $4,000 900, this
is regarded as a nominal sum. There
is all the money available that is ne
cessary to acquire timber lands not al
ready in the hands of the Weyerhau-
ser syndicate.
The Milwaukee railroad capitalists
are buying generally, irrespective of the
territory through which the road will
run. The capitalists involved in the
deal believe Washington timber an
unusually good investment and are
buying because they realize that soon
new markets will be opened for lum-
Der products.
Four New Corporations.
Four big corporations which are
to help in the Pacific coast extension
of the Chicago, Milwaukee & ST. Paul
have been incorporated articles being
filed with the secretary of state Prom
inent officers and directors of the Pa
cific Railway company, now the Chi
cago, Milwaukee & st. Paul, of Wash
ington, are the incorporators of the
concerns, all of which make Seattle the
principal place of business. The four
concerns. the business of which are in
Dictated by their names, are as fol-
lows:
Oriental Land Improvement COM
pany.
Continental Timber company.
Pioneer Coal company.
Western Townsite company.
| These four corporations will be used
in building and in securing business
for the new road, both along it's route
and in connection with the Oriental
traffic through the ports of Puget
Sound.
| The Oriental Land & Improvement
company is capitalized at $3.50, 900. The
| incorporators are George Heberling,
E NJ. Farmer and I. L. Hyland, all of
| Seattle.
| The Continental Timber company is
capitalized at s2.5OO,O00. The incorpor-
ators are Charles Lincoln, W. B. Nc
| Evan of Seattle. Hugh Spencer of St
Paul.
The Pioneer Coal company is capt.
talized at 500 900. the incornoratore