Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1919-02-19
THE ARCHER CO. EXPLAINS
PRES. BIGELOW MAKES STATE
MENT OF ITS AFFAIRS
Failure TO File Report Was Oversight
Brokers Have No Archer Stock
for Sale
Minneapolis, February Is, 1919.
Vernon County Censor,
Viroqua, Wisconsin

3 Minneapolis, February Is, 1919.
Vernon County Censor,
( Viroqua, Wisconsin
Gentlemen
1t comes to my atten-
ton that certain erroneous rumors
are circulating in your community
concerning the Archer Cord Tire and
Rubber Co. which l desire to correct
| notice that in the letter which the
Secretary of State wrote Mr. Minslall
dated February 4th, he mentions an
item of $4,000 for patent rights
and most of that stock was owned by
Mr.. Archer ard was voted to him by
the stockholders for his patents.
When Mr.. Archer left the company,
he turned back to the Company $685.
10000 of that stock and the new re-
port which we give the Secretary OF
State will so show that transaction
l am very sorry to say that, on account
of a change in the management OF
this Company, the matter of filing the
report with the Secretary of State
was overlooked, but the report is now
being filed
If anyone VIII take the time to write
any brokers who offer our stock for
sale, / am quite sure that they viii
find that the brokers simply advertise
stock for sale to find out who is in the
market to buy stock and they sell them
other stocks. / have heard of cases
where brokers offered stock for sale
IN this Company and have offered to
buy stock myself and, in every such
case, the broker has been unable to
deliver the stock.
One OF our directors was in Mime
apolis yesterday and showed us a cir
cular, given out by very well known
and supposedly reliable brokerage
house, who have branches all over the
/ United States, and in that circular
they had Archer stock listed at a RI
diculously low price. This director
telephoned them that he would take all
the stock they could get and they inn
mediately told him that they did not
| have any Archer stock for sale. Our
representative, Mr.. c. F. Devins had
an identical experience.
We attach hereto original letters
received from some Minneapolis banks
showing how we stand in the commu-
nifty in which we operate and ! might
say that these banks and none OF
their officers are stockholders in this
Company.
| have been in the rubber business
for eleven years and it goes without
saying that in that time, have had
enough experience to successfully
operate the factory. So far as my
personal standing in the community is
concerned, | attach hereto original
letters received from the Security
! Warehouse and the Metropolitan Ma
tion&l Bank, both of MINNEAPOLIS.
/ have done business personally with
! this warehouse and this bank for 9
number of years and the Archer Com
pany has done business with them foi
quite period of time.
AL industry was curtailed during
| the war by the United States govern
ment to release men, money, and ma
terlal for war purposes. The auto.
mobile tire industry suffered badly or
account of government restriction and
the government instructed each fac.
tory how many tires they could make
monthly. The largest number that
| the government would let US make
| was 1863 tires per month and no tubes
4 In spite of this drastic restriction, we
operated the factory during the wal
| at a profit, and during the war ma.
| terials and labor were very hard tC
get and the prices paid for materials
and labor was much higher than they
are right now Immediately upor
| signing of the armistice. we tool
steps to increase our production anC
are now manufacturing rs tires anC
80 tubes daily. Inside of one weel
we will be manufacturing 100 tires
and $50 tubes daily and in about one
month we will be manufacturing zoo
tires and 300 tubes daily. We are
increasing our production as fast as
we can secure raw material anC
competent labor 1t goes without say
| ing that, as we made a profit on The
limited production during the war. VIZ
will make very fine profit from now
! on.
AS to the quality of our products
nearly every automobile dealer whC
used our tires last year has placed
with US orders for this year for &
! great many more tires than they useC
4 last year. One customer in Chicago
/ Carlsten- Williams Company, whom VIZ
will be glad to have any one write Il
about the quality of our tires. pur.
chased few tires last year and they
I have placed a contract with us for 500
/ tires per month for this year. W.
would welcome anyone writing these
people to inquire as to the quality OF
our tires. Also the Fair Department
Store of Chicago use our tires OF
their delivery automobiles and sci
+ very large quantities of our lires tt
( the automobile owners in Chicago
/ We might mention that the Fair De
partment Store is about the largest
of department stores outside oil
New York City. There is absolutely
no question but what we can sell al
| of the tires that we can manufacture
at a good profit.
We will welcome anyone who viii
come to Minneapolis and look over
our factory and we know that, after
| they see what we are doing, they viii
be very much pleased with the Com.
pany and they can sec for themselves
the wonderful possibilities for the flu
ture. Yours very truly,
ARCHER CORD TIRE &RUBBER co
W. F. BIGELOW,
President and General Manager.
Letters from Minneapolis banks and
the Security Warehouse Company ties.
tifyingto the integrity of the company
and its president attached
The above article is authorized and
paid for by the Archer Company, anC
any communication on this subject is
privileged TO appear in our columns
under the same conditions.
A word concerning the position OF