The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1911-03-09
OWNERS REORGANlE COMPANY
George Yule Remains as President, w.
L. Yule is Vice President and George
A. Yule, Secretary and Treasurer,
and General Manager.

the keeping of the late Edward Balm
founder of the company and his heirs
for more than sixty years has passed
to other parties and by an announce
ment made public today it Is given out
that all the holdings of the heirs of the
late Edward Balm have been sold te
George Yule, George A. Yule, and Will
lam l.. Yule and with the transfer of
the stock a new organization of the
company has been effected. The deal
for the purchase of the great plant was
concluded today and while it is said
that the deal was million and half
deal no figures are given out as to the
price paid for the stock.
The deal which ended in the retire
ment of the Balm heirs from the great
| business has been under consideration
for some time and the recent death of
Frank Slosson who had acted as man
| ager Of the Balm interests brought the
iAVSo11ooloho W ~ bOI HIAh1e1oH' L VI
many years the members of the Yule
family have been financially interested
in the plant and for the last ten years
George Yule has been the president of
the company. Under the new organi-
cation Mr.. Yule will remain in this po-
sition while George A. Yule will be-
come general manager, secretary and
treasurer of the reorganized company.
William l.. Yule, prominent in the man
agement Of the Badger Brass Manufac-
turing company will become the vice
president of the company. S. G. New
man is named assistant secretary.
The deal for the purchase provides
for the transfer of the entire business,
real estate and machinery owned by
| the company. With the election of the
new officials Charles G. Brown, recently
named as secretary and treasurer of
the company resigns as does Col. J. j.
Hoyt who had been in the position of
vice president. It is understood that
all of the stock in the company is now
held in the Yule family and the direc-
torate will be composed only of the
three members of the family named as
officials of the company.
The reorganization Of the company
will not result in any changes in the
official force of the company. All of
the old employees of the company will
be retained under the new manage
ment and the name of the company
will in nc way be changed. It will re-
man "TEe Balm Wagon Company and
many of the policies which have been
outlined by president Yule during the
| past fifty years will be continued.
With the return of George A. Yule
as general manager of the company it
is certain that the company will be-
come more aggressive bidder for bus
mess and the Balm wagons will be
known over an even greater territory
than at the present time.
The new owners of the plant have
been active in its management for
more than sixty years. George Yule
the present president is one of the pi-
oneer wagon makers Of the United
States. He went into the business
with the old Mitchell and Quarles COM
pany in 1916 and nine years later when
the name of the plant was changed to
the Balm Wagon company and Edward
Balm became the head of it Mr.. Yule
was made the general superintendent.
He became the close confdant and ad-
wiser of Mr.. Balm and the upbuilding Of
the great industry was largely due to
the energy of these two men. George
A. Yule was connected with the plant
for 81 years and he will be at home in
his office of general manager of the
company.
The company was incorporated with
capital stock of 100000 in 1882 and
since that time the business of the
company has been constantly extend
ing. Large ware houses have been
opened in many of the largest cities Of
the country and the company has sell
ing force which has been connected
with the plant for forty years. In the
past three years the big plant has UNI
dercone a reconstruction. Old build
ing have been replaced with modern
ones and the very latest improved
machinery has been put in place. These
Improvements will be continued during
the coming year and it is certain that
the new owners will carry out all the
plans that had been made for the. re-
building Of the plant.
Tie announcement that the control
of the company had passed to the 1ule
family viii come as a surprise to many
of the older employees Of the company
but in business circles in the city it
has been known for several months
that deal was pending for the trans
far of the property.