The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1899-08-17
WILL BUCK TRUST.
SIEG FACTORY TO BE MADE EGREAT
ANTITRUST CENTER.
DEAL COMPLETED LAST NIGHT.
Fred Morgan, of Morgan Wright, Buys
the Bulk of the Stock and Will En-
gage Extensively in the Manu-
facture of Bicycles.

The future of the Seg Manufacture
ing company is assured for last evening
deal was made by which the man
agement of the big plant passes into
the hands of Fred Morgan, of Chicago,
one of the partners in the Morgan q
Wright Tire company. The local
management of the plant signed the
papers making the transfer by Mr.. Sieg
and Mr.. Morgan was represented by
his attorney, A A. Worsley. The
consideration given by Mr. Morgan has
not been made public, but it ia stated
that it was exceedingly large for the
property conveyed. The old reorgani-
cation scheme which was reported a
few weeks ago has been practically
dropped for the present, at least, and
although the factory may later turn
their attention to the manufacture of
automobiles, the plan at the present
time is to use the plant exclusively for
the manufacture of bicycles. While he
was in the city last evening Mr.. Wors-
ley was seen by representative of this
paper and he confirmed the report that
Mr.. Morgan had purchased the bulk of
the stock in the plant. When asked
as the plans of the new management
Mr.. Worsley stated that the plant
would be operated in opposition to the
bicycle trust and would probably be
made the leading antitrust factory IN
the country. The new management
will take charge of the works at once
and the plant will be given financial
backing second to none in the bicycle
world. The plant which Mr.. Morgan
has operated in Chicago for the
manufacture of bicycle parts and
sundries will be removed to this city
and this branch of the business will be
greatly enlarged. Immediately after
the papers were signed by which Mr..
Morgan became the manager of the
plant a contract was closed for So, 900
worth of machinery, which will be in
stalled as soon as il can be manu-
featured. This machinery will be used
almost entirely for the manufacture of
parts and will be of the most modern
pattern.
Mr.. Worsley stated that the new
company had carefully looked over the
plant and that it was the opinion of
Mr.. Morgan that the plant ii run to it's
full capacity would be able to turn out
total of over 100000 wheels a year.
Mr.. Worsley stated that the name Of
the factory would not be changed and
that Mr.. Charles Sieg will still remain
as the manager of the plant. Mr.. Sieg
retains all his former financial interest
in the plant, but the increase of the
capital stock will make Mr.. Morgan
the controlling stockholder. The
other men who are now interested in
the plant will probably be allowed
stock under the new regime if they SO
desire. No large additions will be
made to the plant at the present time,
but is probable that number of
smaller buildings will be constructed
for the purpose of accommodating
other lines of the business which will
be removed to this city.
The company will no longer remain
a foreign corporation and will at once
incorporate under the laws of the state
of Wisconsin. AS to the wheels which
will be manufactured the company will
be guided somewhat by the tactics of
the bicycle trust, which they will fight
TO the bitter end. 1t is certain that the
company will continue to manufacture
the Windsor wheel in large quantities,
and it is also probable that they will
add high grade wheel to their output
Mr.. Worsley stated that the new
company were in the field to stay and
with ample financial backing they had
no fears that they would be run out of
business By the workings of the trust
The promise of substantial backing
has already been instrumental in secur-
ing large orders for the company for
the coming season and when the works
start they will be kept busy the year
round.
Mr.. Sieg was seen this morning and
practically made the same statement
as Mr.. Worsley. He said that the
deal had been made and the papers
had been signed and that Mr.. Morgan
was now in control in connection with
himself.
In connection with the deal the in
terested parties are careful to state
that the Morgan & Wright company
are in no way connected with the deal.
They state that Mr.. Morgan is not to
become bicycle maker but simply
goes into the business as an investor.
Prices Go UP.
The lumber yards have been obliged
To advance prices materially as the