Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1907-08-15
TO APPRAISE PAPER MILLS
John 6. Hanrahan, Representing
Eastern Capitalists Now in
Grand Rapids.

Saturday NJ essrs John g. Hanrahan,
George S. Harding and NJ NJ. Jones,
arrived in this city, to begin the work
of appraising the mill property of the
various paper manufacturers in the
Wisconsin River Valley. These
gentlemen have been in Appleton,
and the Fox River Valley for several
days where crew of expert appraisers
from Milwaukee and the east, to-
gether with expert accountants are
making estimates of the paper and
pulp mills, preparatory to the launch
ing of one company, in which all
these mills will be merged.
According to the latest press dis
patches there is no longer doubt
about the merger of the huge mills in
Wisconsin, Michigan and Minnesota,
and the only question at the present
time is the exact value of the different
plants. When this value is ascer-
tanned, the merger will be perfected
| in short order
The magnitude of this huge under
talking can be understood from care
full perusal of the following taken
from the Milwaukee Free Press:
According to j. S. Nortwick of the
Combined Locks Paper company, the
largest print paper mill in the Fox
| River valley, John @. Hanrahan has
stated that before the proposed print
paper merger can be perfected it will
be necessary to secure combined ca
pacity of $50 tons of print paper per
day. This will neceSSitate the merger
of fourteen print mills in Wisconsin
with a capacity of $50 tons, one in
Michigan with 60 tons, and four in
Minnesota with 10 tons, and means
an outlay of no less then $4,000, 900.
To keep the mills referred to in
operation means that the consolidated
company will be compelled to pur-
chase outside pulp mills as the ca
pacity of the pulp mills in connection
with the print mills is only 500 tons
per day, 431 tons of which are made in
the mills in Wisconsin. These neces-
sary mills can be obtained in Wiscon-
sin, and it is possible that options
may already have been secured on
| them as the MessrS Jones and Lam
sing are now appraising the pulp mill
of the Island Paper company at Me-
nasha.
The Wisconsin mills on which op-
tions are said to have been secured,
| with their daily capacitieS are: Com
bined Locks Paper company, Com
bined Locks, 70 tons print, so tons
ground wood pulp; Dells Paper and
Pulp Co., Eau Claire, 60 tons print, 35
tons pulp; Centralia Pulp and Paper
Co., Grand Rapids, Is tons print, Is
tons pulp; Grand Rapids Pulp and
Paper company, Grand Rapids, 40 tons
print, 30 tons pulp; Consolidated
Water Power company, Grand Rapids,
70 tons print, 81 tons pulp; Park Mills,
Marinette, 30 tons print, 20 tons pulp;
Menasha Paper company, Menasha,
Is tons print; Merrill Paper company,
Merrill, Is tons print, 20 tons pulp:
Neenah Paper company, Neenah, 25
tons print; Flambeau Paper company,
Park Falls, 20 tons print, Is tons pulp;
Edwards Manufacturing company,
Port Edwards, so tons print, so tons
pulp; Rhinelander Paper company,
Rhinelander, 40 tons print, 40 tons
pulp; Wisconsin River Paper and Pulp
company, Stevens Point, 45 tons print
so tons pulp; Tomahawk Pulp and
Paper company, Tomahawk, II tons
print, tons pulp.
The Minnesota mills are: Watab
Paper and Pulp company, Bartell, 80
tons print, so tons'pulp; Northwestern
Paper company, Cloquet, so tons print,
124 tons pulp; JtaSca Paper company,
Grand Rapids, 20 tons print, 25 tons
pulp; Hennepin Paper company,
Little Falls, 25 tons print, IS tons
pulp. The Michigan mill is the Che
boygan Paper company, at Cheboygan.
go tons print, Is tons pulp.
With the above mills in one gigan-
tic company, the print paper market
will have passed from the hands of
the individual mill owners who had
competition in the middle west, into
the control of the pending company,
and how this company proposes to
keep from violating the law which
caused the dissolution of the General
Paper company two years ago is a
mystery which Mr. Hanrahan has not
revealed, although he has apparently
solved the question to his own salts
faction as well as TO the satisfaction
of the eastern capitalists who are
backing the scheme with their mil
lions, and the manufacturers who will
place their plants in the consolidated
company and take stock in it to the
appraised value of their plants.