Show PAPER TRUST IS BEING fORMED Mills of Wisconsin Michigan and Minnesota About to Be Scooped Into Merger WATCHWORD IS SECRECY SEQUEL WILL BE AN ADVANCE IN PRICES Appleton Wis Aug 18 The Interim International International Paper company compan Incorporated under the laws taws of the state of New York In February 1898 with an authorized capi capital capital tal stock of Is now perfecting a merger ol of the mills of Wisconsin Min Minnesota Mm Un and Michigan the greatest paper manufacturing district west of or the Alle Allegheny Allegheny ghen mountains at an expenditure of from to John G Han Hanrahan rah aft of New York who successfully engineered the merger of the thirty mills of the east into the International Paper company as well as the mills of the American Writ ing Paper company has secured options on practically every print paper manila fiber sulphite and land ground wood pulp mill In Wisconsin Michigan and Minnesota and with a cor cords COIS s of appraisers Is now at work fixing the value of the plants to be taken Into the merger When the ne negotiations negotiations are completed the International Paper company will control the print pa paper paper paper per market of the United States and will be able to command Its own prices These statements were made today by one of the most prominent paper and pulp manufacturers of the middle west who Is directly Interested In the gigantic deal He saM said that options have been obtained on thirty and fiber mills most of which have hae ground wood pulp and sul sulphite sulphite I plants III ants In connection with a dally daily output of ot 1243 1 43 tons of print and manila paper 40 tons of ot sulphite and tons of ground wood pulp In addition to this there arc ten tom pulp mills in the state with witha a daily dally capacity of tons of or ground wood pulp and lOS tons of sulphite on which option are said to have been se secured secured secured cured Appraisers Now at Work Work Is now in progress settling the valuation of these hese plants Mr lIr Hanrahan accompanied by N M Jones Tones of Bangor Me an art expert sulphite manufacturer D I S Lansing of Watertown N Y an ex or expert expert pert on paper making machinery and George F Harding of New York paper mill architect and engineer is now no in Grand Rapids trying to settle upon the t c purchase price of the four mills In that city F L Olson D N Hoover R G At Atwell Atwell well and S B of Milwaukee appraisers and W E Weed Veed and Harry Price of New York expert accountants representing the tho American Appraisal company are appraising the mills of ot the Fox River valley ralley and as soon as their work Is completed here they will take up the mills on the Wisconsin river There are print paper mills In the United States and the ab sorption of the mills of ot the middle west by the International Paper company In addition to its present great holdings In the east will give It the control of over of the print prin paper plants of the country The only competition that an tion of this kind would have hae would be the Great Northern Paper company which manufactures only a small percentage of the print paper made in the United States The merged company will be conducted under the same plan as the International Paper company so as not to conflict with the antitrust laws lawn but nevertheless ft a greater advance in the price of ot print pa per er may maV be expected than was ever made ml to by the General Paper company the so 50 called trust One manufacturer has even Predicted the price of print paper will be no lees less than four cent ent per pound to the jobbers and six cents to the small er Ir dealers within two years In combining the western mills with the eastern plants of the International Paper company some of ot the te mills will be purchased outright for cash the present ow owners eF retiring from the business Others will be taken in and the present owners I given stock to the amount of the ap at praised valuation of or their plants while I still other manufacturers will be given ven b bonds V In the H International company which will doubtless be reorganized at al ai most double its present capitalization In connection with the mills about to enter the merger timber lands in northern Michigan Minnesota ta and Canada valued at several million dollars will be pur chased and these with the woodlands now owned by hy the International Paper company valued at over will give the company an almost ble supply of pulp wood |