The times., 1901-05-26
A ROW IN THE FLOUR TRUST.
An Independents Company TO BE
Formed bv Retiring Officials.

|
/ NEW YORK. May PA new rival is to
! be the outgrowth of the breach in the
! -four trust. 1t was announced yesterday
| that the two officers Of the trust who re-
signed after lively row Thursday are to
| organize an independent concern.
| 1t was freely admitted yesterday that
| lively rumpus had taken place. The re-
suit was the hasty designations of George
| William Ballou. the treasurer, and c. F.
| Shlrk, the general manager. There was
| no formality about their going. The diff
| Ierences, which have been growing for
| some time, came to an acute crisis. and
| after decisive interview at the Offices
! IN the Produce Exchange Messrs. BaIlou
and Shirk slammed their desks and left
They got out and they got out quick. -
| said William Breokffeld. one of the receiy-
! ers of the Hecl1er-Jones-Jexe Milling
| Company, of which the two men were Of
| ticers yesterday. This company is the
| largest company in the -four trust 1t has
been in the hands of receivers for four
| teen mouths. There was a disagree
ment Mr.. Bal1ou and Mr. Shirk were not
| pleased, and they left. L have nothing
further to say about the matter. The
| company is getting on in fine shape, and
the disagreement has not threatened the
progress of settling it's affairs we hone
TO have it in shape for the receivers to
retire before long
Others were as reticent as Mr. Frook
field in talking about the row, though an
admitted there had been one. There was
a meeting of the Reorganization Commit
tee OF the United States Flour Milling
C0m-i%ny yesterday afternoon to consider
the troubles The meeting was held al
the offices OF Brayton Ives. who succeeded
81
committee. William Nelson Cromwell Of
counsel for the Flour Trust WAS nresant
% ADVISE the committee. After the meet
ing Mr- Cromwell made a statement.
he reorganization committee retired
George W imam Ballou as secretary of
lite Iseof SanlzdtIon Committee and elect
81 scott Iremaine to succeed him Mr.
f'aHou ) resignation from the Heckpr
Jones-J Jewell Milling Company was made
Yesterday ] cannot say whether other
changes VIII follow o. not. Concerning
the differences which led to the resign5-
ton OF Mr. BaIlou and AR Shirk l can
say nothing That is a personal matter -
MI Ballou has been secretary of the
reorganization committee for two years
He was large stockholder of the IfecJtar
company Mr.. BallOu and Mr. Sbirtx YES
terday opened large Offices in the Broad
EAchanSe, on Broad Street a number of
clerks were busy Strengthening out the
Office furniture and fixtures which nd
besn moved in hastily. Neither was dis
posed TO talk much about the row Asked
s'1N1-t 1iiG itpO4t lidt a new mill was q
De the outcome of the difficulty Mr.. Bal
lou said -''''
Some friends of Mr. Shirk are going TO
build mill for him. He is a practical
mill man The details of the matter are
not yet settled and l cannot say more
about the enterprise at-this time"
Much talk was caused on the Produce
Exchange by the projected new mill and
by the resignation Of the officers Shirk
IS one Of the best-known figures ON
change He is an energetic Young man
from the West Mr.. Bailou and Mr.
Shirk are largely Interested in the Ameri-
can Mailing property at Forty-eIghth
street and East River. They will build
il was stated yesterday. grain elevator
there with a capacity Of 0G0 bushels II
IS thought that other disadectcd factors
IN the Flour Trust may join with Shirk
and BallOu.
What Mr.. BrooHfield says is correct
said Alr- Shirk yesterday. There was q
disagreement He and ] were on opDos-
ing sides. Mr.. Ballou and / left. / do
not care TO go into details We are DIau-
sing TO start a new mill bat there is
nothing to be given out about that now
The Flour Trust is hereafter to be
| known as the Standard Milling Company
Gen. Samuel Thomas is president Not
an Of the Hecker-Jones-JeweIl mills will
be included IN the reorganization.