The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1910-07-29
COTTON MILL TRUST
TO CONTROL TRADE
S. Davies Warfeld, of Balti-
more, Heads Board.
HAS CAPITAL OF $2O,OOO,OOO
New Organization Plans 10 Take
over Large Number OF Mills
throughout the COUntry-MyrOn c.
Taylor, President, Is Largely Re-
spOnsIbIe for the Combine.

New York, July &-The organization
Of the International Cotton Mills CorpOr-
alton. a combination Of cotton interests
with control over many of the textile
mills OF the country. was announced by
Myron c. Taylor, its president 1t was
incorporated at Albany with an author
lied capital of 100000. and the COM
pany will acquire either by direct own
ership or by stock control large number
Of mills and companies which handle
sales and distribution In Canada as well
as this country.
The products of the combined mills
will represent about 300 varieties Of cotton
fabrics The negotiations which have led
( 10 the formation Of this corporation have
been going OF for several months. The
largest acquisition viii be the preferred
and common stock OF the Consolidated
/ Cotton Duck Company. which owns the
stark Mills in Manchester. n. H. be-
sides a number OF plants in the South
This concern was Incorporated in 1905 In
Delaware to acquire the securities Of
the United States Cotton Duck Cor
poration and the Mount Vernon-Wood-
berry Cotton Duck Company. The follow
ling year the former concern went out
OF existence, and up 20 the present time
the Consolidated has secured something
more than 80 per cent Of the Mount
Vernon Company's stock.
Acquired Turner Company.
The Consolidated also acquired in 1906
the entire capital stock Of the J. Spencer
Turner Company. which now acts as It's
distributing agent. To do this the prin-
c!pal and interest on 100000 per cent
ldebentures were guaranteed.
An appraisal Of the consolidated prop
critics was made by the engineering firm
Of c. R. Makepeace & Co.. Of Provi-
dence and the international concern de-
cided that they should be acquired. An
other concern that will be taken in is the
Bay state Cotton Corporation. Of Massa-
chusetts, Of which Mr.. Taylor was the
organizer. The Boston Yarn Company
will also be acquired
S. Davies Warheld. president Of the
consolidated concern. has been elected
chairman Of the board Of the new COM
bination Myron c. Taylor is its presi-
dent. and the vice presidents are Charles
NJ Warner, Thomas NJ Turner, and p,
T. Jackson, jr. J. D. Armltage is the
general manager, A. p. Loring treasurer
and d. II. Carroll secretary.
Taylor n Young Man.
Mr.. Taylor. who has been largely re-
sponsible for the new concern, Is a man
OF about thirty-fve. who first made q
place for himself in cotton interests by
starting a factory for the manufacture OF
mall pouches for the government. He
stin has a factory at lyon, n. Y, where
these are made.
The directors are Augustus p Loring
r. P. Smelling, Edward Lowering, Franz
J. Hola. J. d. Armitage. P. T. Jackson
jr.. and A. l. Scott, all Of Boston; F. A
Carpenter, Manchester. n. H.. Charles
NJ Warner, f. A. Brinckerhon Thoma.
NJ Turner, Myron c. Taylor. Of New
York; S. Davies Warfelal David IL Car
roll, J. H wheelwright. and William II
{ Graf1in, OF Baltimore.
There are to be offices OF the COMPANY
I'm New York. Boston. Baltimore, Chicago
6 St. Louis, San Francisco London. an,
, Manchester England. and agencies il
q ether foreign countries In the emplo,
OF the International will be more thar
I 1900 persons, and twenty-five mills ar
\ included in the properties Outside of tn
o mill properties, the concern will owl
something like 1OOOO acres Of land par
of which is now under cultivation 70
cotton. 1t is proposed TO broaden tn
operations in this direction.