Jasper County Democrat, Volume 14, Number 71, Rensselaer, Jasper County, 13 December 1911 — TEN FOR ONE [ARTICLE]

TEN FOR ONE

Approximate Basis in Sale of Gaar Scott Engine Plant. - Richmond., Ind.. Dec. 6. —Approximately 53.500.000 changed hands " here today when the threshing machine and engine .plant of Gaar-Scott & Co. passed into the possession ot the M. Rumley Co. of Laporte. Ind., which has also purchased the Company's plant at Battle Creek Michigan. The deal for the Gaar-Scott & Co’s, big factory has been under way for several months, and E. A. Rumley. general manager of—tlienew—Rumley company, which is capitalized at $22,000.000, was here today in person to put the finishing touches on the transaction. Gaar-Scott & Co, operated on a capital of only $350,00Q. Every share of its stock brought approximately SlO for sl. The headquarters of the M. Rumley Co., will eventually be in Chicago, and the three factories, which include the* plant

at Laporte, will all be increased in capacity. The new corporation stockholders ■_ will meet in-February to-perfect the organization, and it is understood at least two or three men who have been actively connected with Gaar-Scott & Co. will be among the officers.