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Deal Means OutputWill Be Increased;Capital Much LargerAn announcement of the mcr«Lug’Stout- Company are: Joint S. ‘Smith, ■ of the iulcrcsts of the McDermott 1're* id uni; ami S. T. McDermott, | Stone Company, the Taylor-Slone!Secretary. Marshall Smith, unlil! Com pan r ami the Southern Ohio; he retired from the Km somy time • Stone Vault Company, wliouc Smri-acted in the capacity of v'«cr-ix--a ;n future will to? carried wjprj^idmit. •under the name of the .McDermott | Thu Taylor Stone company will j •Stone Company, ttjs made TliuiF*;iwmtnii its present plant in Kurdov upon the arrival in the city of;den and the Southern Ohio Slone jlt;/hn S. Smith.on«l A. L. Needy, of j Vault Company will for the pres-tho McDermott Stone Company. |«it continue its plant« in Harden 3-VdloriuK u two days' conference: mid McDermott . JTowcvcr, the. held nt the Gibson IIoupc in Chichi- olliccs of Jim Taylor Stone Comjiuuy mili 1,v ihu officials of these com-'will hr moved from the Firrt \nl* panics'their interest*. were merged ionnl Batik building lu McDeniintl, nnd nrrr.ngmiicntK went utmle to in-: v/l.ort* (he general office* will he lo-cruufto the capital stock of the .Me-;cited. The, new linn will have Purmt.lt Stone Company from about l»A .•mpln.vws «.u thuir pny*61(0.000 iv $30U,QUO. Kisven direct-: roil«,r*. a* follow*, will be chosen nt n • Coujded with the umM.mircmr.itll(r, v-. I i I Itnrccttusr to to* held in a few day*:! of the merger. unmn I he nows t lint Join* S. Smith, of MoDermatl, WJlhe firm would viisdly im.-rci*,* iN A. Fic-W. of Chicugo, O. . F. mechanical tiptipiiicnt in the Me-Smith. «f Chicago. S. J-. ‘ Mc-Der-: Drmiott plnnl, lt;*|i«iiilly theirmolt. Mrs. Minnie V. Pickard. A. L.,«piurry futilities. A new revolving Hcudv, lmfnyutte Taylor and F. Chateau. shovel nnd ri.inr, wilh n 75-Kurzruok. Thev will meet tile first j fool hoom and uf|iii]iju-«! with lllt.MO.,t ilio week for i.rpaiiizntiim. pound Hfling enj Inn W-lltl was jstukxl Tlmrilny ilmt tins purchased nml will to- metalled and■jaunts i,{ llic throe Jinn* would not ready for operation in SO days. Itto* difitiirliLd at presuul, the mergerb-iiifc brought idvnit to eliininale an iitinrrc*«nry pxjn-n-e find ivinvmiac 'tec!t lt;«f Il'.e M.'lWnwiM Slone Company in ordrr thnt they may carry on their business on a larger and more extundve scale. The firm dor* u general lt;Imip bn«i-7ic*i;s in the I’liilcd Slates mid Can-rnlfl. The .dfi.'OrJ of I ho Mlt;’lk*rinultis ini all steel affair.•‘We have plunued n merger of this rlmnietcr for miuctiuiu. *nid John S. M. Smith. Thursday. “Wo fed that the merging of the in U rol* of llie three eom|uinirs will enable as lo go nftcv hoMiio* i» our particular liiu* «•). n larger scale nndlit*; ninv.) hml Ikcn in conUinphition for coino time.’'
Newspaper Details
Portsmouth Weekly Times
Portsmouth, Ohio, US
Sat, Apr 03, 1915
Page 8
Full Page
Clipped by
Anonymous
USA 10 Jun 2019
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