The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1905-06-23
Beatrice Creamery Company
Would Merge with Ham
ford Produce Company,
LACKS ENTIRE CONTROL
While Every Attempt Has Been Mad,
to Add to tho 100000 Stock Now
Held, Local Men Still Donni-
nate in the iAanford.
nrrom tho Sioux Ci,y Trlhunc.D

$500, 900 corporation, and the largest
creamery company in Iowa, may be-
come a part of the Beatrice Creamery
company, a So, OCO, 0Co corporation. conf
monty known throughout the west. be-
trust"
Every effort has been made by the
Beatrice Creamery company to secure
control of the big creamery company
In Sioux City, but according to Presi-
dem ~. S. Hanford the control of the
concern is still in the hands of Sioux
City people, bat later may be absolutely
controlled by the Beatrice Creamery
The latter has eighteen
great plants in the west and southwest.
practically controlling dairy products
in the west.
For a considerable period the Hanford
Produce company and the Beatrice
Creamery company have had joint in
t~erests. even to the extent of buying
together and using the same trade
mark on certain brands of butter and
other products.
Recently George y. Haskell. president
of the Beatrice Creamery company, in
iiIo Nv. plia ~ '4''
Hartford Produce company to S2oO.O0o
which is two-thirds of the common
stock. or two-lifths of the entire cap
ital of the corporation.
Would Keep Control Here.
BY many this is considered sufficient
evidence tina the big So, 900. 600 corpora
ton controls the Sioux City plant.
though MIR. Hanford, president of the
Sioux it company. contends that
rtnA con - e on, {, cfnrI. aud tho soon DIn
of preferred stock. held by the Farm
ers Loan and Trust company, is suf-
ficient 10 keep the creamery trust
from gaining absolute control of his
company.
George e. Haskell, president of the
Beatrice Creamery company, Is the
Vice president of the Hanford Produce
company, and the Beatrice Creamery
company also has two representatives
on tie board of directors of he Sioux
City ompany
A vigorous attempt was made to Sc
cure a controlling interest in the Han
ford Produce company in January of
this year. when the Beatrice Creamery
company increased its capitalization to
S3,0oO,00 n took over the plants and
business of the Continental Creamery
company. a 81. 900. 900 corporation.
Would Buy Through Agents.
1'o, some time 1t has been the in
tent of Sioux City business men to gain
a controlling interest in the Hartford
Produce company ald retain that in
terest ut home. This desire has so far
defeated the plans of the Beatrice
CrearHsrv company. Failing to secure
the stock directly, the Beatrice COM
parry proceeded through other agencies,
Including Booth & Co. who We're will
ing to subscribe for any amour of the
stock. But Booth q Co. We're known to
represent the creamery trust. and their
prouosition to buy stock at a good pre-
lNi,''n was declined.
When the Hanfor! Proiic@ company
was r~norcanize1 recently with a cop
ital stock Of 5000 600, 5000 900 preferred
and 100000 mn stock. the Bea-
trice company again attempted to Sc
cure a controlling interest and merge
it with their dozen plants in the west
and southwest, controlling. as th"E do.
the Dairy products of the west. George
f. Haskell. president of the Eeatrice
conlnany. finally secured S2Ao.0on worth
of the common stock. while 100000
was taken hv Mr.. Hanforjl end his
Siouy CITY associates. The Formers
Loan and Trust company agreed 10
take 100000 of the preferred stoc',. rs
financial AGENTS fer its sale. since
taking over this stock In" FORMERS
Loar ard trust company has disnosefI
of S1Oo.0 600 worth OF the preferred
stock. suDposcdl" to small investors. to
whom they guarantee 5 per cent. in
tereSt.
Business is Enormous.
AT the present time President Has
keli is in Europe. but it is thought his
agents will be u~nceasing in their eff
forts to secure control of the Hanford
company. and should they succeed the
big plant in Sioux City will become q
part of the greatest creamery COM
pany in the world. having a daily out
put of over 1900 900 pounds Of butter
at different plants of the company.
Something of the enormity of the bus
iness may be gained from the fact that
the HanforI Produce company manu-
features 1000, coo to 1,SOO. 900 pounds of
butter every month. and last Sunday
manufactured in Woodbury. county last
year than in any other county in Iowa
as q result of the enormous amount OF
cream collected by the ,Hanford Pro-
duce company, and put on the market
as a finished product. Contracts for a
~'arter of n million pounds for the
United States navy We're filled here.
Has Eighteen Big Plants.
The Beatrice Creamery company
controls about eighteen such plants as
the Hanford company, being capitalized
at six times as much. This great
creamery corporation has plants at
Des Moines. Topeka. Lincoln. Beatrice,
Kansas lily, 81. LOUIS. o"RIdnOCla City.
Pueblo. Denver, Cheyenne. Deadwood
and other cities III the west md south-
west. buying a large share of the cream
of several states. The states of Ne
braska, Iowa. Missouri. Colorado and
Kansas are dotted With separating sta
lions of this great creamery company
every railroad train running into one
of the large plants brings in hundreds
OF ans Of cream and every freight
trains going out takes to the eastera
markets carloads Of products from Ire
factories.
Gradually the creamery trust" is
winding itself about the smaller con-
Germs OF the country, having already
banished the chu-ns Of the farmers
wives. and within a few years. it is
said. will control the entire dairy pro-
ducts of the west.
According to stockholders in the
Sioux City concern, it is not desired
to consolidate with the Beatrice COM
pan though it has been found adj
vantageous to have some Joint inter-
.ests with them and to allow their COM
pnny to hold the S200.O0O of common
-stock. purchased by their president and
afterwards assigned to the Beatrice
Creamery company.