OCR Text |
Show HEW TRUST . Ralsia GroTrcrs of Call. fornia Will Combine at - an Earl j Date. - .-. ' SAN TRANCISCO. Aug! 8. A deal has been consummated, which, will merge most of the raising-growing interests in-terests of this State into one vast corporation. cor-poration. The new corporation is to be known as-the Central California Raisin-Packing company, and will combine com-bine the united properties of the Call-' fornia Raisin-Growers' company and the Mercantile Packing company. The latter Includes eleven of the most prominent packers in the State, Trade marks and brands are to be mutual property, and there Is stipulation that the utmost good will 1s to obtain between be-tween the parties to the new corporation.. corpora-tion.. The business of the concerns will be operated by eleven directors. The packers pack-ers will be represented by five, and the growers by an equal number. The extra ex-tra director, who is likewise to be president of the company. Is to be chosen by the ten. He is to be a man who has affiliations or interests with neither packers nor growers, and In case of a disagreement bis shall be the deciding vote. Henry J. Crocker has been chosen for this position. It is expected that the corporation will represent all the growing and packing - interests of the, State. . The. contracts for this year's crop and the succeeding crops of the next two years have already been made. |