Evening star. [volume] (Washington, D.C.) 1854-1972, 1910-07-29
COTTON MILLS UNITE
Twenty-Five Concerns Form
International Combination.
CAPITAL OF $2o,ooo,ooo
Properties Have Not Been Compel
ing, Says New President.
WILL EXTEND THE BUSINESS
More Effective Management and I'M
provements Expected as the Re-
suit of Combination.

NEW YORK, July 29.-Twenty-two cot
ton mills have been organized into
trust. the papers being filed in Albany
under the name of the International Cot
ton Mills Corporation. with a capital
stock of s20,OOO.O0O Several important
textile mills in this country and Canada
are included in the trust They manu-
facture 1900 varieties of fabric, employ
10000 operatives and own 10000 acres of
land. Their annual sales are put at
s1s,OOO,OOO.
Myron c. Taylor, the president of the
new company, has been identified with
the cotton manufacturing in New Eng
land. The Bay State, one of the prop
critics acquired, was organized by him.
He gave out the news of yesterdays in
corporation in his Office at No. 346 Broad
way.
Have Not Been in Competition.
Through the control of the CONSOLE
dated Duck Company, the Bay State and
other properties" he said, there are
brought under one management proper
ties which have not been in competition,
Out WHICH nave manufactured uiiLSiSAie
varieties of cotton goods Therefore, the
new company is enabled to present to the
trade probably a greater diversity of fab
RIGS made from cotton than any other
textile organization.
The companies taken over make
| about thirty-five principal brands, many
of which have been in the worlds mar
kets for more than half a century. one
of the selling companies has this year
celebrated the one-hundredth anniversary
of the founding of it's business.
Valuable water power is owned or
controlled by the companies. The mills
are at points in the east and south best
adapted for economical operation and Tor
shipments to the markets of the world
I'VE believe that the extension OF the
business of all concerned and its more
effective management can best be accom-
plished by union of forces. Extensions
and improvements in the physical prop
critics will be made, including bettermentS
in eastern and southern mills.
THE capital of $200O0,OOO will consist
of S1O,OOO,0OO per cent cumulative
preferred stock and $10,0OO,OOO common
stock
Purpose of the Combination.
The purpose of the combination is to
acquire by direct ownership or majority
stock interest the properties Joined in
the corporate deal, and various sales
agencies and distributing companies, and
also to handle the output of mills out
side of the corporation. The trust an
nounces its purpose to reach all foreign
markets as we'll as to compete for do
nestle trade.
Prominent among the constituent COM
panies are Consolidated Cotton Duck
Company, which owns the Stark mills
of Manchester, n. H, and the Mount
Vernon Woodbury. Cotton Duck Com
pany; the Bay State Cotton Corporation,
which operates mills in New England
and New York, and the Maryland mills.
Two Canadian mills and several southern
ones are in the deal.
Offices Here and Abroad.
The company will have Offices in New
York. Boston, Baltimore, Chicago, ST.
Louis, San Francisco, London and Man
chester with agencies in other places.
The ]. Spencer Turner Company of New
York and the Boston Yarn Company are
in the deal as selling agents. They will
handle the output of the companies in the
trust. and also for the trust account q
variety of goods not made by mills in the
new company.
1t took several months to carry out
the scheme Many interests had to be-
pleased. The work involved the employ
ment of mill and manufacturing experts.
p-aisals and an infinity of detail to adj
just different views of various stock
values. The following list of directors
shows the distribution Of interest.
The Companies Involved.
Augustus P. Loring, Boston, president
of Plymouth Cordage Company; Rodman
p Smelling, Boston, treasurer Saco-
Pettee Machine Company; Edward Lover
ing, Boston, treasurer, Massachusetts
Mills; Frank ]. Hale. Boston, manager
Saco-Pettee Company; ]. D. Ar1nitage,
Boston, former manager Arlington Mills
Harding, Whitman & Coz; P. T. jack
son, jr., Boston, president Boston Yarn
Company; Albert L. Scott, Boston, treas
urer Lockwood. Green & Co.; F. A. Car
penter, Manchester, N. H., banker;
Charles NJ Warner New York president
Warner Sugar Refining Company; E. A.
Brinekerhoff New York, vice ssa president
Turner, New York, president ]. Spencer
Turner Company; Myron c. Taylor, New
York, president international Cotton Mills
Corporations; S. Davies Warfield. Balti-
pany; David H. Carroll, Baltimore, pres-
dent National City Bank; j. H. Wheel
wright Baltimore, vice president Con-
solidated Coal Company, and William H.
Graffiin of Baltimore.
The following men were elected officers
Myron c. Taylor, president; Charles NJ.
Warner, Thomas NJ. Turner and p. 7.
Jackson, jr., vice presidents; j. D. Armi-
tage, general manager; Augustus p.
Loring treasurer; David H. Carroll, Sec
rotary; S. Davies Warfeld, chairman of
the board of directors.
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