The Barre daily times. (Barre, Vt.) 1897-1959, 1920-12-23
Wetmore & Morse CIR Site
Co. Gets Jackson Int 8 ,sts
in E. L. Smith s 20.
DONALD SMIT7S
RETAINS yy 1DINGs
Two Quarries Will Be Con-
tinued Under Their Pres
ent Organizations

4
transaction whereby the Wetmore &
Morse Granite Co. buys large in
terest in the quarry holdings of E. T..
Smith q Co. on the famous hill of
Barre granite. The property trans
ferred is the interest of H. Nelson
Jackson of Burlington and S. Hollis
ter Jackson of Barre, which was ac-
quired by the Jacksons about four
years ago. The latter are selling their
holdings to Donald Smith, and he, in
turn, is disposing of those holdings to
the Wetmore & Morse Co.
The transaction has been in progress
| for some time and while not yet com
pleted is in such an advanced stage
that the details have been agreed upon
| and are being worked out SO that the
consummation of the deal will be effee-
tive Jan. l., 1921.
| 1t is stated that the transaction does
not mean a merger of the two quarry
ing concerns but that the two quar-
ries will be conducted under the sep
arate organizations as at the present
time, the Z. L. Smith & Co. property
being under the organization in Barre
headed by Donald Smith, and the Wet.
more & Morse Co. property being OPP
Grated under the leadership of Frank
NJ. Cory of Montpelier. Il. l.. Smith
g. Co. will maintain its offices in the
G. w. Averill building and its banking
connections in Barre. The office of
the Wetmore & Morse Co. has been in
Montpelier for some time and will re-
main there.
While there is to be no merger of the
two quarry corporations there will,
however, he knitting together of
quarry operations to considerable
extent. The quarries Of the two cor
porations in Websterville and Granite
Vile adjoin each other to consij-
erable extent; and this partial con
solidation of financial interests viii
make ii possible to conduct quarry
operations in the space which hereto
fore has been dividing line between
them There is also the possibility
Of securing economy of operation
through the iuxtapositiou, OF the two
quarries under managements which
have interests in common.
This transaction viii bring into close
alliance the two greatest Barre
light quarries on Milestone hill. The
two concerns hold by far the greater
part of the light stock, as smaller
tracts of land have been picked up
from time to time until at present
there are few opened quarries of light
Barre granite on the Hill outfide of
those two corporations. Since the
Jacksons acquired an interest in Z. L.
Smith & Co. that corporation has tax
en- over the Gazeley property and 9th
erwise added TO its investment in
Barre granite.
Both the names. L. L. Smith & 20.
and the Wetmore & Morse Granite
Co, have been associated with the
history of Barre granite since the days
when the industry began to take ON
its great impetus nearly four decades
ago Formerly the names were con
nected with the manufacturing of the
granite but in recent years the cor
porations have been engaged solely in
the quarrying end Of the industry.
Donald Smith was the chief owner
Of +. L. Smith & Go. after the death
Of his brother, John +. Smith, but the
corporation takes its name from En-
ory L. Smith, who long ago retired
from the granite business. Wetmore
& Morse was granite firm which car
ried on a cutting plant in Barre back
in the sos. Frank NJ. Cory of Mont
pelier is the chief stoekholder in the
latter corporation. The deal as now
nearing contamination was ratified at
meeting of the stockholders, of the
Wetmore g. Morse Granite Co. last
night.
The transaction is said TO involve
wen toward half million dollars and
is one of the largest ever carried out
in the Barre granite belt