New Ulm review., 1912-03-20
New uIm Stone Company and
Minnesota Flint Rock Com
pany to Combine under Name
Of New uIm Flint Rock
Company.

b o Property mas changed
# nands and firms long established Il
= business here have sold out and new
4 nrms taken their places with q
! rapidity that has made onr heads
= swim. But accustomed as New 11,m
= Is becoming to sudden and unheralded
changes it came as a surprise to learn
= that an effort is being made to con.
solidate the two crushed stone com.
panies now doing business here. the
New Ulm Stone Company and the
Minnesota Flint Rock Companv
Attempts have been made at various
times to combine these interests bus
nothing came of them and the COM
petition between the two rival orpan-
izations has not worked to their adj
Vancement as cooperation would
have done. Therefore when outside
business en- took an interest in the
proposition OF consolidation they
found conditions right for the change.
E. G. Potter Of Minneapolis opened
the negotiations looking to the con.
sumation OF the merger which should
result net only to the benefit of the
two crusher companies concerned but
to the city of New Ulm as we'll, as
suring, as it does, the continuance of
90 industry which has come to be Of
considerable importance. We are
assured that unless the consolidation
could have been effected both plants
would sooner or later have been
acquired by larger interests which
you'd eventually mesn their being
closed down.
Mr.. Potter 10 fol mer state senator
and also > former presidsat Of the
City Council Of Ainnesp@lis. How
ever, he has retired from politics and
devotes his entire time % hts business
interests which sare oil Of nature
similar to the stone crushing business,
such as the operation Of plaster and
cePent mills, brick plants etc. In
letter to the Review Mr.. Potter speaks
of the location here - beine the largest
available body of Flint Rock in the
Northwest with, copseasNy in
cressing value as there are vast
quantities OF rock a. yet untouched.
The property consists of 2e0 acres of
land with two plants producing
LOG, 900 cubic yards of crushed flint
rock annually. The new organizations
is incorporated under the laws of
with capital of 500, 600
and will be known as the New Ulm
Flint Rock Company. It 10 figured
hat there will be enough saved on
overhead expenses by the merger to
provide good dividend for stock
,olders. ~. s
Definite arrangements have not yet
'eea made as to the personal manage
nent of the local business. Mr..
Potter will not assume active control
'ut it is to he expected that his in
uence and his interests In both the
arge cities will be of very material
ssistance to the new company in the
rincipsl markets for their product.
We bespeak very bright future for
be consolidated company. New Ulm
zone is we'll and favorably known
,ruout the Northwest and the New
I'm Flint Rock Company already has
rders booked for this season calling
n $50 carloads ct Aberdeen, s. D..
70 carloads for Lake Minnetonks
ridges and Minneapolis City con-
act which will take from 200 to 300
'rlosds, all this in addition, to the
gular trade. This will make the
sar's output the lsrgest In the
story of the two companies and We
ay look for busy season at Red
one with stesdier employment than
ther company has been able hereto
re to offer its men. We sincerely
'pe all these bright prospects will
aterialize. We need this industry
our city and wish the new company
Q success it should have If its work
carried forward honestly and fear
,sly as We feel it will be should those
charge of the old companies remain
part of the new organization.
On Saturday, Major John Buschers
10 was recently elected president of
Q State Bank OF New Uln, became
lively connected with this banking
Dtitutlon. Mr.. A. A. Msnderfeld
10 hiss been teller for the past few
ars has severed his connection with
B bank. The personel Of the bank
herwise remains the same.