Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1908-12-25
LARGEST IN TIE WORLD
Lumber Company Formed
at Duluth With $4,000
900 Capital

The formation Of the largest lumber
company IN the world was perfected
in this city today, says the Duluth
Herald of Saturday.
At last the facts have been given to
the public, and today through Edward
Hines, president OF the new $40, 600. :
900 corporation known as the
Virginia & Rainy Lake company,
the details of the combination Of, in
terests have been made public.
1t is the amalgamation OF large
area of timber, and is known as the
Virginia & Rainy Lake Lumber COM
pany,' said MIR. Hines this afternoon.
1T includes large tract Of timber in
the Rainy Lake district. owned by the
Edward Hines company; large tract
of timber north Of Virigna, owned by
the Weyerhaeuser interests, and the
property OF the Virginia Lumber COM
pany. The property of the Virginia e.
Rainy Lake Lumber company COM
panies about 8, 1000, 900, 900 feet of pine
stumpage, the largest and best tract
OF timber in this country.
I'm addition to this there is some
spruce, tamarack and cedar timber in
the holdings.
I'm the amalgamatlon, what IS
known as the Duluth, Rainy Lake &
Winnipeg railroad property will be.
come the property of the Canadian
Northern railroad.
The Canadian Northern will build
a railroad from Virginia to this city
in the spring, the new company, the
Virginia & Rainy Lake Lumber COM
pany, to have some interest in this
road. W. H. Cook will be president
of this road. which will be controlled
both by the Canadian Nothern and
the new amalgamated interests.
The road will give this CITY a
large new outlet to the Canadian
Northwest. 1t will give US an OPP
portunity to bring manufactured Ium-
Der. that is lumber that Is manu-
featured in Canada, to this country.
The recent tariff hearings have led
the men interested in the new company
to believe that the tariff upon lumber
will be revised, which will give US an
opportunity for manufacturing lumber
in Canada and shipping it to this
country.
1.-THE short line will give US an
opportunity to ship lumber through
Duluth to the great central lumber dis
trict, or through this port. by the lake
fleet of the new company comprising
twenty vessels, which were owned by
the Hines Lumber company, but
which now become the property of the
new company. to all the lake ports.
The result Of this company can be
laid to the ten years hard labor Of
Writ H. Cook. later assisted by
| JV;J1;o>oo N,p,;o~
in getting the timber together, which
now has with other interests, been
amalgamated into the new company.
IF the new amalgamation had not
been perfected, Duluth would not have
received the benefits of the new
market. The result of the new COM
pany will be that Duluth will be a
greater market for lumber coming
from Canada; VIII be greater center
for labor; and will be the link be-
tween the lumber traffic of the United
States and Canada.
"All Of the amalgamated interests
will be represented upon the board OF
directors. l will be president of the
new company; William O'Brien, vice
president; H. G. Hornby, with the
Cloquet Lumber company, secretary ;
F. E. Weyerhaeuser, treasurer s. c.
Cousins, general manager, and Mr..
Ketcham, sales manager.
The capitalization Of the company
will be about $4,000, 00O which will
nearly represent the property con-
trolIed by the company. The new
amaIgamation will b. the biggest CON-
pany ever formed in this country.
"The company was formed for the