Watertown weekly leader. [volume] (Watertown, Jefferson County, Wis.) 1906-1908, 1907-04-05


publicity first to the fact of deal
which was closed in Milwaukee where
by 0. l.. HUE, formerly with the
Watertown Gas and Electric company,
with associates. in southern Wisconsin,
purchased valuable water power rights
on the Escanaba river from the Isaac
Stephenson company. The Escanaba
(Mich) Daily Mirror of Thursday
gives the following detailed account of
the transaction, which will be read
with interest by readers of The
Leader:
Zone of the most important deals
that have been made in this district in
many years, directly affecting the
future of Escanaba and the surround :
ing district was that which was de-
vulged today when it was announced
that the |. Stephenson company sold
the entire water power rights of the
Escanaba river, from the old Flat Rock
mill site to and including Chandler s
ais W d up VI
Wisconsin capitalists.
"As soon as the necessary surveys
can be made, it was announc ed today,
arrang ements will be made for the
construction of giant power plant
and large pulp mill at some point
along the river to be decided upon by
the company's engineers.
'The deal which was closed on
Monday and which was dIvulged today
entails an expenditure of approx
mately 5000, 600, which includes the
cost uf the water power rights and
the cost of the power and pulp mill
plants to be constructed.
90. l.. HUE, superintendent of the
Marinette Street Railway company
and who is also interested in power
plants in northern and central Wis
consin IL one of the principal mem
bers of the purchasing company repre-
sentIng other CAPITALISTS. Associated
with HIM are Alex Buchheit of Water
town, z l. Utley of Watertown, both
experienced power plant owners and
several other Wisconsin capitalists
whose names have not yet been di-
vulged.
cit is generally understood and
practically admitted by Mr.. HUE that
several of the larger paper mill own
ers Of Appleton are interested in the
company and will aid in furnishing
the capital for financing the scheme.
cit is estimated by engineers who
nave made careful surveys of the
water power facilities ofterded by
the Escanaba river that tina river is
capable of furnishing approximately
200 horse power. or sufficient power
to operate whatever mills may be con
structed by the company individually,
near the power plant site, and in ad-
dition will be able to furnish power
for the operation of all present and
future manufacturing plants of Esca-
naba and Gladstone and at other points
In the surrounding u1StGjcI.
"By harvesting the power of the
Escanaba river the new company will
he able to convey electric power to
the different mills and factories of Es-
canada and Gladstone at a cost gretly
reduced from that entalled in opera
ting heir own individual power plant.
A cheap power will be offered which
will attract new industries to Esca-
naba and launch in this entire district
a boom which will have far reaching
effect.
"By the construction of large
pulp mill on the Escanaba river, and
In which feature of the undertaking
the Appleton paper mill owners are
directly interested, the company will
be able to handle all of the pulp wood
produced in this district, where the
principal supply for the Appleton mills
is now found. At the local plant the
wood will be manufactured into pulp
and shipped in that form to the large
paper mills of the Fox River vail ey,
thus eliminating tho cost of transport
ing large amount of waste for long
distances.
SHOULD the undertaking prove to
be the success that is now promised
the construction of large paper mill,
as an adjunct to the pulp mill. will be
one of the natural sequences.
The new company has not yet been
organized into a definite corporation
but the MEMBERS are bound together
by contract and regular steps for or
ganization under the laws of Michigan
will be taken at once.
"Tne company holds the exclusive
rights to all of the water power of the
Escanaba river from point 40 rods
south of the old Flat Rock mill site
to the point where the Gladstone road
bridge crosses the Escanaba river,
north of Chambers Falls.
| HTncluded in the purchase is the