The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1906-07-05
Combine IN FARM
PRODUCTS FORMED
PLANS TO CONTROL DAIRY AND
POULTRY BUSINESS.
PRODUCER IS TO BENEFIT
Claim Put Forth That Better and uni
form Price Will Result in I'm
provemens Of Present
Trade Methods.

New York, July 2.-The Herald says.
Backed by unlimited capital and sup
ported by many of the most prominent
financiers of the country, another trust
has been planted on American soil,
known as the American Farm Prod
ucts company, and established for the
purpose Of taking absolute control of
all dairy products, chickens and eggs
It is asserted by those who control
the American Farm Products company
that it will bring about an increased
and uniform price to the producer, a
diminished price to the consumer, CIV
ing him superior and purer grade OF
dairy products and greatly improving
present methods of distribution.
Eliminate Commission Men.
The commission merchants profit
viii be eliminated, and the great cor.
poration will take the responsibility
of delivering butter and milk from the
hands of the farmer TO the hands OF
the consumer.
Behind the great enterprise are 6
score Of the wealthiest men In Amer.
lea, who already have put in about
s20.000,000, and are prepared TO chip
in" additional millions as they are TO
Qufred. Among eastern capitalists in
'terested in the trust are Levi p. Nor
ton, Thomas F. Ryan, Harry Payne
whitney, Anthony Brady, E. J. Ber
wind, Kuhn, Loeb & Co., and several
other large banking houses and indi-
vidual capitalists. The headquarters
of the company are at 50 Broadway.
officers of the Combine
\ At meeting of the board OF direct
ors held June %. these officers were
elected:
President, James R. Morse
First vice president, Henry D. Cooke
Second vice president, H. L. Wiley,
Treasurer, BTant Hugh Browne
Secretary, Eugene Del Mar.
Executive committee, Messrs. Morse
Cooke, Browne, Del Mar and John X.
Flagler.
General manager in Chicago, H. L
Wiley.
Western board of managers Tin Chi
cagol-- Horace W. Henshaw, Eben f.
Dudley Lyman %. Melbourne, W. /
Moody and II. L. Wiley.
At the first annual meeting of stock
holders held in New York last weeB
a statement was issued that the com.
pany had a capital of SIS 100000 O!
common stock, 100000 Of preferred
stock and 100000 debenture bonds
The statement showed also that the
company, up to date, has obtained con.
troll and operation of butter making
plants with an output of 100, 900 pounds
day, and is now enecting single fac.
tory in the west which will turn out
that amount of butter every "a hours
Western Plants Taken Over.
Among the large butter refining
plants taken over by the company tc
date are the w. F. Rose company, Chi.
capo; Illinois Creamery company, Ell
gin, H.; Eben f. Dudley company
Owosso, Mich; Alfred G. wesslins
company, Kenton, o.; Bigelow Butter
company. Boston, Mass; Purity Cream.
cry company, A X. Barber & Co.
Chicago, ana the Schermerhorn-S Shot.
well company, Des Moines, la.
Several large concerns supplying
milk 10 the New York market are
said TO have been absorbed by the
company, and eventually it is expect.
ed that every concern in the country
now handling dairy products will come
under its control. II is stated thai
practically all the patents for refining
butter have been purchased