Butler and Ryan split American adds snuff and cigar units

A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

Part 1 : Colonial and Mercantile America	Part 2 : America in the Gilded Age
Part 3 : America in the Twentieth Century	Encyclopedia of American Wealth
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Part II-Chapter 11 : The Trusts > The Dukes of American Tobacco : « Previous 1 - 2 - 3 - 4 - 5 - 6 Next »

Butler and Ryan split American adds snuff and cigar units

… landed a major coup, as they acquired the Durham Tobacco Company, right in the Dukes' home town, maker of the famous Bull Durham brand of smoking tobacco. The firm was then run by Percival Smith Hill, one of the ablest tobacco executives in his days. Butler and Ryan then created the Union Tobacco Company, capitalized it at $ 22 million and put their acquisitions under the umbrella of the new firm. Whilst J.B. Duke was negotiating with Drummond, Lorillard, Sorg and other large …

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