Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1902-08-25
FARMERS FEEL
ELGIN FAIL URE
CREAMERY RECEIVERSHIP I'M
PORTANT IN WISCONSIN,.
r. w. JACKMAN IN CHARGE
Has Direction of "a Branches in This
State and Will Attempt to Continue
Them in Observation-Disclosures of
Milk and Cream Have Months Pay
Coming.
Madison, August 10.

Madison, August 10.
The failure of the Elgin Creamery
Co. is of immediate interest to some
5000 farmers of Wisconsin who have
been delivering milk to the branch
creameries of the company in this
state. For the milk sold to the corpora
ton during the last month nothing has
as yet been paid and thousands of
farmers are clamoring for their
money. The business is to be con-
tinued. That is, Judge Seaman, in the
United States court at Chicago yester-
day forenoon, made an order that the
receiver continue to operate the sys-
tenn. This is the problem of the Amer
lean Trust & Savings back of Chicago,
which is the receiver, with bond of
100000. 1t must stand the farmers
off for the money they have coming,
until the business can be temporarily
adjusted, and persuade them to keep
on hauling their milk and cream to the
company's factories.
Attorney Ralph w. Jackman of this
city has been appointed Wisconsin at
torney for the receiver. He immedi-
ately upon being commissioned began
to investigate the situation in the Wis
consin branches. Attorney J. L. Nc
Nab of Chicago, representing the re-
t-ceiver, was here yesterday and Sunday
and Mr.. Jackman accompanied him to
Baraboo to inspect some of the proper
ty. Mr.. Jackman returned at noon in
response to a telegram from Chicago.
In this state there are IA cream
cries operated as branches of the FL
gin company. These are located
principally north of here. They rep
resent a property of $185,000. The
Wisconsin end is larger than that of
any other state, Iowa coming next and
Illinois third The 5000 farmers of
Wisconsin, anxious about the present
trouble, are creditors to the amount
they have due for their last months
deliveries. The amounts average
about $50 each, the aggregate being
not far from 100000. The order of
the court that the business shall be
continued may have some difficulty of
ness. There are now presented some
100000 of claims for creamery sup
plies-C:l, coloring, salt and machine
SUPPLIES. Attorney Jackman, who is
unwilling to be interviewed, said last
night that the farmers near BaraboO
would generally continue to bring in
their milk and that there was every
Of hn
cent of it's liabilities. The largest of
the IA Wisconsin branches are at the
following places: Baraboo, Wauzeka,
Bear Valley, Neptune, Yuba, Union
Center, Hillsboro, Enterprise, Moore's
Creek, Tunnel City, Fountain, E1roy
Van Huser, Windsor, Rock Valley,
Colman% Melvin, st. Mary's, Brodie,
Bloomingdale, Viroqua, Senaca, Gays
Mills and Mt Sterling.
The Elgin Creamery company oper-
ates 1873 creameries throughout I'LL
nois, Iowa and Wisconsin. The
creditors are estimated to number
nearly 10000 The American Trust
& Savings Bank was appointed re-
ceiver and it's bond fixed at 100000.
Just before the United States district
court closed Saturday afternoon a pc
tition in bankruptcy directed against
the company was filed. The assets
are claimed to be $863,OOO, while the
| liabilities are estimated at S420,000.
| Inability to realize on outstanding &C
counts is given as the cause of the
| failure.
The company is the largest concern
of it's kind in the United States, and
was organized by the consolidation of
scores of Independent plants through
out the country. It has twelve cream
cries in Illinois, thirty-six in Iowa and
| IA in Wisconsin, The number of
farmers who sell milk to the creamer-
| les, 10000 in all, is divided as fol
lows: Illinois 1000; Iowa. 5000; Wis
cOnsin, 5000.
The filing of the petition was