The Birmingham age-herald., 1909-03-28
LAUREL ID GET BIC NEW LUMBER PLANT WauSau Capitalists Inspect the
 Proposed Site THE RECEIVER WITHDRAWS Fullerton Syndicate May Take Over Properties of the Camp 6 Hinton Company and Put Plants In
 Operation Again.
THE RECEIVER WITHDRAWS
By A. c. AYLEsWoRTH.

By A. c. AYLESMORTH.
 Laurel. Miss, March 27.-(Special) 1.-The visit paid to Laurel this week by w. H. Bissell, of Wausau, Wis. president of the Wausau Southern Lumber company, ac- eompanied by a score of other prominent and affiuent Wisconsin lumbermen brought the assurance it is the purpose of this company to erect at Laurel the largest and most complete sawmill plant in Mississippi, ranking next to the Boga- lusa plant of the Goodyears This is in acordance with plans long ago laid out the consummation of which has been de- layed by the depression in the lumber industry. The Wausau company will be- gin work on this enterprise just as soon as conditions will Justify it, but 1t is im- possible for them to say just when con- ditions will come that way It was hoped that the industry would pick up this spring, but the agitation of the removal of the tariff on lumber has delayed mat ters just that much, and If eventually Congress shall materially reduce the tariff on lumber it is hard to say when the in- dustry will get back to it's normal condi- tion. The investment which the Wausau company contemplates in Laurel amounts to half million dollars, and the sawmill will give employment to over 300 hands 1t will involve the construction of some 25 miles of railroad and this road will be built for commercial uses, so as to make connection between the Mobile and Ohio, the New Orleans and Northeastern and the Mobile, Jackson and Kansas City railroads, giving the lumber company as well as the general trade and travel of Laurel an outlet in several directions not now directly available. The timber hold ings of the Wausau company in this vi- cinity cover thousands of acres that have never been entered by the choppers, and even with the immense mill which the company proposes to erect here it will re- Quire many years to cut it all and place it on the market.
 The affairs of the Ellisville, Lumber company have undergone some remarka- ble experiences during the past week. Only a few days ago, in Hattiesburg, ac- tion on the part of some unadvised cred ilOio iCSdilCu III lile pldCluS OI lll0 pIOp- erty in a receivers hands, and R. l.. Ben nett was selected to take charge of the business. But his management was of brief duration, for he had scarcely gone into an investigation of the company s affairs when he discovered that the prop erty had already gone into the manage ment of an executive committee repre- senting the creditors and was being man. aged in a manner to bring the very best possible results for all concerned. In this view of the case it was resolved to with draw the receivership. This was done and the property was again in the sole charge of the executive committee, CO., operating with MT. Mulford Parker, the owner. The plan of operation that is be- ing worked out is to have the company s timber holdings reduced to merchantable lumber in a series of mills to be erected along and near the Gulf and Ship Island road, paying to the creditors a price for the stumpage that promises to bring them out whole in the least possible time. The sawmills are now in process of erection, and the affairs of the company are nov ing smoothly.
 The prospect that the Fullerton syndi- cate of St. Louis vii take over the prop critics of the Camp & Hinton company which for over a year has been in the hands of receivers, brings the promise of resumption of business in one of the largest plants in Mississippi. The deal Is admitted by the parties in interest though it is believed that 1t has not yet been perfected and is therefore not a certainty It involves something over million dol, lars, and it means employment for some 800 laborers in the mills and in the woods The company controls a stumpage of more than 240,0O0,00O feet of standing yellow pine, a 30O0OO-feet capacity sawmill situ- ated at Lumberton, 12 miles of railroad and all other equipment. The plant is in perfect condition. having been in full op- eration up to few weeks ago. when the shutdown came. During the past sum- mer the mill was turning out export ma terial mostly and was operating at profit
 The deal with the Fullerton syndicate contemplates that the latter company shall take and saw all the standing and down timber at S4 per thousand feet, cutting at least 30,000, ,OO0 feet per year. and to carry the bonded indebtedness of the company until the same shall be liquidated the purchasers having the use of the Camp & Hinton mill equipment for their purposes. The close of the deal depends upon the action of the general creditors, and many of the heaviest of these have already ac- ceded to the proposal. The Fullerton syn dicate already controls large tracts of timber in south Mississippi, and the un- derstanding is that if they come into pos- session Of the Camp & Hinton plant they will at once start operations in the mill, running at full capacity.
 The Okatoma Sawmil company, for merly known as the Williamsburg Lum- Der company, at Collins, Miss, has re- stunned operations on full time after hav- Ing given the mill plant a thorough over hauling and installing great deal of new machinery. The property Is now In the control of eastern people of long expe rience and ample capital, and they will make of it a going and prosperous busi- ness from the start.
 The Eureka Lumber company of Easta- buchie has recently purchased from the receivers of the Ellisville Lumber com V Rpany tract of standing pine in this (Jones) county which will cut more than a hundred million feet of lumber. The purchase price is stated to be $32600O. The tract adjoins the old holdings of the Eu- reka company and will add several years to the life of the companys operations The mill of the Eureka company was one of the few in this part of the coun- try that did not suspend operations during the late panic, having large orders for eA- port timber on it's books at that time.
 The plant of the J. J. Newman Lumber company at Hattiesburg, which was de- stroyed by fire early last year, will soon be ready for operation again, as 1t is be- ing rebuilt on a large scale The new plant Is to be fireproof throughout, and