The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-08-19
PAPER TRUST IS
BEING FORMED
Mills of Wisconsin, Michigan
and Minnesota About to Be
Scooped Into Merger.
WATCHW0RD is SECRECY
SEQUEL WILL BE AN ADVANCE
IN PRICES.

Appleton. Wis, Aug 1S.-The Interna-
tional Paper company, Incorporated under
the laws of the state of New York in
February, 1885, with an authorized capt.
tai stock of $11S000,O00, is now perfecting
merger OF the mills of wisconsin, Min
nesota and Michigan. the greatest paper
manufacturing district west of the Allie
gheny mountains, at an expenditure of
from $S0.00O,0O0 TO 100000
John G.. Hanrdhan Of New York. who
successfully engineered the merger of the
thirty mills of the east into the Interna-
tional Paper company, as well as the
twenty-five mills of the American Writ
ing Paper company, has secured options
on practically every print paper. manila
IlDer, sulphite and ground wood pulp mill
IN Wisconsin. Michigan and Minnesota,
and with corgs of appraisers is now at
work fixing the value of the plants to
be taken into the merger. When the ne
EQUATIONS are completed the International
Paper company will control the print pa
per market Of the United States and will
be able to command its own prices.
These statements were made today by
one OF the most prominent paper and pulp
manufacturers of the middle west Who is
directly interested in the gigantic deal
he said that options have been obtained
on thirty print and fiber mills, most of
which nave ground wood pulp and sui
phlte plants in connection. with a daily
output of 1.243 tons of print and manila
paper, 40 tons of sulphite and S16 tons of
ground wood pulp. In addition to this
there are ten pulp mills in the state with
a daily capacity of 1874 tons of ground
wood pulp and Jos tons of sulphite on
which options are said to have been Sc
cured.
Appraisers Now at Work.
Work is now in progress settling the
accompanied by N NJ. Jones. of Bangor
Ne. an expert sulphite manufac turer; D.
>. Lansing OF WATERFOWL, N Y an eX-
pert on paper making machinery, and
George f. Harding, of New York, paper
mill architect and engineer. is now in
Grand Rapids trying to settle upon the
city.
F. L. Olson, D. N. Hoover P q At
well and s. B. Weatherbee. of Milwaukee,
appraisers. and w. E. Weed and Harry
Price, or New York, expert accountants
representing the American Appraisal
company. are appraising the mills OF the
Fox River valley, and as soon as their
work is completed here they will take uD
the mills on the Wisconsin river.
There are seventy-eight print paper
mills In the United States, and the alb
sorption of the mills Of the middle west
by the International Paper company in
addition to It's present great holdings in
the east, will give it the control of over
the country
The only competition that an organiza-
ton OF this kind would have would be the
Great Northern Paper company. which
manufactures only a small percentage of
the print paper made in the United
States
The merged company will be conducted
under the same plan as the International
Paper company so as not to conflict with
the antitrust laws. but nevertheless a
greater advance in the price of print pa
per may be expected than was ever made
by the General Paper company, the So
caled trust One manufacturer has even
predicted that the price of print paper
VIII be no less than four cents per pound
TO the 1obbefs and six cents TO the small
er dealers within two years.
In combining the western mills with
the eastern plants of the International
Paper company some Of the mills will be
purchased outright for cash, the present
owners retiring from the business. 'Others
Will be taken in and the present owners
given STOCK to the amount of the an
praised valuation Of their plants while
sui other manufacturers will be given
bonds in the International company
winch Will doubtless be reorganized ar az
most double its present Capitalization.
In connection with the mills about IN
enter the merger timber lands in northern
michigan, Minnesota and Canada. valued
at several million dollars. will be pur-
chased and these with the woodlands
now owned by the International Paner
company, valued at over $4,000 600 Will
give the company an almost inexhausfi
Die supply of pulp wood