The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1915-11-30
NEW CONCERN IS
NOW ORGANIZED
Jas. S. Bradley, Jr., Is Named
Vice President and Gem
eral Manager.
ALL DIRECTORS ARE NAMED
Albert Fendig Is Also Elected
Vice President, While w. B.
Cook Is Named Treasurer of
the New Company.
ALL DIRECTORS ARE NAMED

/ At meeting Of Ii Yaryan Rosin
and Turpentine comp ny, held last
night in the offices OF Albert Fendig
& Company, organization of the new
company, which is to Ike over the
Empire Investment comp ny, purchas-
ers of the plant, was pc fected The
meeting, starting at s O'clock, lasted
until after midnight, and III matters
In connection with the ranization
of the company, ETC., were q posed Of
Present at the meeting we J a num-
ber of Brunswick stockhol ers, to-
gether with Theodore Hem1 almann,
Jr., of st. Louis; James S. Bra; ey, Jr.,
of Toledo, and B. G. Brinkman, of St.
Louis. The following perman ut or
ganization was decided upon:
President Theodore Hemme. 1lcnn.
Jr.
Vice president and general mana
ger, James S. Bradley, Jr.
Vice president. Albert Fendig.
Treasurer, W. B. Cook
Directors: F. D. Aiken, president
of the Brunswick Bank and Trust
company; Albert Fendig, vice presi-
dent of the National Bank of Bruins
wick; E. H. Mason, president National
Bank of Brunswick; l. E. Knisely,
president Northern National bank,
Toledo; H. c. Truesdale, vice presi-
dent of the same institution; Theo-
dore Hemmelmann, Jr, real estate
dealer, St. ouis; James S. Bradley, Jr.
Executive committee: E. H. Ma
son, F. D. Aiken, Albert Fendig.
After the officers of the new organ
ization were decided upon, bylaws
were adopted and the contract was
approved between the Empire Invest
ment company and the Yaryan Rosin
and Turpentine company, under which
the former company delivered to the
latter it's bid for the local plant and
agreed to furnish the new concern
100000 in cash. The Empire COM
pany in turn receives for the property
and cash sufficient bonds to pay the
creditors approximately $750,000)
and $1,000,000 full paid in capital
stock of the Yaryan Rosin and Tur-
pentine company.
The underwriting of the stock of
the new company allotted to the old
Yaryan stockholders by the Empire
Investment company was largely over
subscribed by the old stockholders.
Mr. Brinkman, who had this matter
in charge for the Empire company,
stated to a News representative last
night that he was forced to cut the
large subscriptions about 25 per cent,
and that over 140 of the old stockhold-
ers had subscribed to the new stock,
and that if he could have accepted
all of the subscriptions offered by out
siders that the subscriptions would
undoubtedly have been doubled. Every
old stockholder in Brunswick and st.
Louis took all of their old stock, while
over 100 in Toledo again subscribed.
None OF the old Brown faction. how
! ever, subscribed to any of the stock
z That the outlook is even far better
than was anticipated by those who
have all along predicted the success
of the new company is now admitted
by all. Yesterday Messrs. Hemmel-
mann, Brai'ey and Brinkman, togeth-
er with a number of local stockhold-
ers, visited the plant where work of
repairing is under way, and they were
all pleased with the progress of the
work.