Los Angeles herald., 1906-07-01
WOULD CONTROL
FARM PRODUCTS
BUTTER AND EGG TRUST IS THE
LATEST
Giant Combine Secures Control Of
Dairy Companies, the Daily Out
put Of Which Is 100000
Pounds
BY Associated Press.

BY Associated Press.
NEW YORK. June So-The Herald
today says:
Backed by unlimited capital and
supported by many Of the most promi-
nent fnanciers Of the country, another
trust has been planned on American
soil, known as the American Farm
Products company, and established for
the purpose of taking absolute control
Of all dairy products, chickens and
eggs.
1t is asserted by those who control
the American Farm Products company
that 1t will bring about an increased
hand uniform price to the producers a
unfinished price to the consumer, CIV
Ng him a superior and purer grade Of
dairy products and greatly improving
present methods Of distribution.
The commission merchants profit will
be eliminated and the great corporation
will take the responsibility of deliver
ing butter and milk from the hands of
the farmer to the hands of the con-
sumer.
Wealthy Men Back Project
Behind the great enterprise are a
score of the wealthiest men in America,
who have already put in about $20,00O-
900 and are prepared to "chip in" addi-
tional millions as they are required.
Among eastern capitalists interested
in the trust are Levi P. Morton.
Thomas r. Ryan, Harry Payne Whit
ney, Anthony Brady, e. j. Berwind,
Kuhn, Loeb & Co. and several other
large banking houses and individual
capitalists. The headquarters of the
company are at So Broadway.
At a meeting of the board of direct
ors held June rs these officers were
elected:
President, James R. Morse; first vice
president, Henry D. Cooke; iecond vice
president, K. L. Wiley; treasurer, Grant
Hugh Browne; secretary. Eugene Del
Mars; executive committee, Messrs.
Morse, Cook, Browne Delmars and
John Flagler; general manager in Chi
cago H. L. Wiley; western board of
managers Gin Chicago, Horace w.
Henshaw. Eben f. Dudley, Lyman B.
Melbourne, w. l. Moody and H. l..
Wiley.
Company Well Financed
At the first annual meeting of stock
holders held in New York last week a
statement was issued showing that the
company has q capital of $15,000,000 of
common stock, $20OO,0Oo of preferred
stock and $4,000, 900 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 100000 pounds
a day. and is now erecting single
factory in the west which will turn out
that amount Of butter every twenty
four hours.
Among the large butter refining
plants taken over by the company to
date are the w. F. Rose company, Chi
cago; Illinois Creamery company, FL
gin; Dudley company, Owossi, Mich;
Alfred CT. Wessling company. Kenton,
o.; Bigelow Butter company, Boston,
Mass: Purdy Creamery company, A.
H. Barber & Company, Chicago and
the Schermerhorn-S -Shotwell company,
Des Moines, Iowa.
Several large concerns supplying
milk to the New York market are said
to have been absorbed already by the
company and eventually it is expected
that every concern in the country han
ding dairy products will come under
.ts control.
1t is stated that practically all the
patents for refining butter have been
purchased.