The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1915-03-18
BAKER HEAD STILL IN KENOSHA
Head of Big Omaha Plant Interested
in Purchase of Plant for Operation
and He May Bid for it When Re-
Sale is Ordered by the Courts.

New chaos rules in connection with
the affairs of the United Refrigerator
and Ice Machine Company, as late Tues
day afternoon Referee in Bankruptcy
Milton Knoblock of Racine refused to
confirm the sale of the assets of the
company which took place on Monday
at the plant here and he intimated that
no such a sale would be confirmed. The
amount offered for the personal assets
of the company he declared to be too
low to be seriously considered and while
no date has been set for resale of the
certain that within few days meet
ing of the creditors will be called and
that at this meeting plans will be laid
to offer the property at another public
sale. The refusal of the Referee in
Bankruptcy to confirm the sale of Mon
day has opened new chance for Keno
sha people and people of other cities to
bid on the plant. Since the plant was
thrown open for inspection lot of men
have become interested in the PROPOSE
ton and there is possibility that some
of these interested parties will lead in
the formation of company which will
provide for the purchase of the plant
as whole and its future operation. E.
j. Baker, president of the Baker Tee
Machine Co., of Omaha, was in Re-
Inosha today and he is interested in the
proposition. Tt is asserted that at the
sale ca Monday Mr.. Baker was given to
understand that the price offered for
the personal property was $4,000 in
stead of $4,000 and that for this reas-
on he declined to offer bid on the bulk
assets of the company. Mr.. Baker is
practical manufacturer of ice machines
and has money enough &c swing any
deal that he may agree to and today eff
forts are being made to get some Of the
Kenosha boosters into line in order that
President Baker may be shown the adj
visibility of purchasing the plant and
removing his present business from
Omaha to Kenosha. It is said that Mr.,
Baker still stands ready to purchase the
plant at from $1,000 to $4,000 and this
amount together with the sales that
have already been made by the trustee
will bring the total amount received
from the sale Of the plant to an amount
slightly in excess of the 1870 Of the APP
praised value of the plant. The action
of the referee in bankruptcy in declin-
ing to confirm the sale of Mosday was
not an unexpected one. In fact il would
have been surprising to most of the in.
terested parties if the sale had been
confirmed.
The action of the referee has brought
bitter disappointment to a lot of the
bidders who came to Kenosha with a
view of picking up lot of valuable
property at a very low price. None
of these men will get the property pur.
chased at the sale on monday. There
were few Kenosha men who were disap-
pointed as for the most part the assets
of the company were sold to Chicago
men.
Leaders Of the Kenosha Industrial
Association are still hopeful that some
plan can be worked out to have the
plant sold to some one who will operate
it and with this plan in view it is prob
able that a get-together meeting will
be held during the week and some plan
formulated to get the plant sold when
resale is ordered by the court.