Evening journal., 1920-09-16
LOCALPACKING
PLANT TOEXPAND
Wilmington Provision Com
pany Successfully Launches
100000 Stock Issue
LAUD MAX MATTHES
FOR HIS ENTERPRISE

Greater local business cooperation
was The keynote OF a dinner given at
the Hotel dupont by Max Maithes and
MS associates Of the recently enlareed
Wilmington Provision Company TO
customers OF the firm. Subscriptions
We're opened 90 $4,000 Of preferred
stock. receipts from which will be
used 10 Increase the companys output
dnd expand It's trade many fold
The company has purchased the
Poole shops along the Ghristiana at
Front and orange streets from the
dupon,s and intends transforming
them into one Of the largest meat
packing plants in the east. TWO lines
OF railroad and the waterway provide
facilities for doing interstate business
on large scale.
Before the close OF the evening S5O.-
900 worth Of the new stock was sub
rcrlbed and pledged for another $50
900 were made. Little difficulty is an
tlcipaled In dlsposing OF the remaining
S5O0.OOO worth as 10 bears per cent.
and is guaranteed.
The dinner was held IN the duBarry
room OF the hotel and was presided
over by William Y. kurtz, a director
OF the provision company. After cl-
gars and coffee had been reached, Mr.
kurtz told how Mr, Matthes had
grown up with the city from a boy OF
IS and had built up his business until
it had outstripped its present quar-
ters. During the war Mr. Matthes had
planned TO erect a large plant on the
south side Of the Christiana, contn-
ued the speaker, Then the Poole
shops caught his eye and at once ne
saw the possibility OF utilizing then
with profit 10 himself, his associa ,es
and the community
Mr.. kurtz concluded by readlne let.
Ter endorsing The project, written by
George s. Capelle, chairman OF the
board Of directors OF The Wilmington
Trust Company, and from Caleb r
Steward, Vice-president Of the sam'
corporation.
George Carter. editor OF The Even.
ing Journal, who next was introduced
declared the name OF Max Matthes
stands for square dealing ant SOUND
business. He traced the career of
MIR Matihes from, his beginning g
years ago with little butcher shop n
King stree. selling only 10000 pounds
OF meat 3 year. TO the ownership Of a
plant puttlng out 100000 pounds a
year.
"The business has grown" contln-
ued Mr. Carter, because OF Mr.. Mat
thes ability 20 grasp opportunsies
Now he sees still greater opportunities
and has bought The Poole plant.
look forward 10 remarkable expansion
Of the Wilmington Provision Com
pany under Mr.. Matthes' experienced
direction
The Rev. Frederick Doerr, pastor OF
ST. Stephens Lutheran Church, o
which Mr.. Maithes Is a member, felic
itaied the head OF the provision com
pany on his success in life. II knew
him as a boy" he added, "and az
ways said he would make money II
has. So you see / was right"
Matthew Lally gave details OF IN
stock issue and It's advantages. il
showed that the net income OF "a
company last year was more ina
100000. whereas interest on The ne'
stock would be only $4,000 a yea
Subscriptions Immediately followed
Among the guests present were IN
p Charles Glamaiieo. John a
Kiioren. Edwin y. Denney, Mark +
Brown. Joseph Z. Wilhelm, IN
Rev. Frederick Doerr, George Garter
William r. Kurtz, Thomas r, AleNan
der. z. ]. Oiteni. Matthew Lally. jon
P. Lslly. Of Philadelphia; William /
FRITZ Henry B McCaugh oscar Mai
thcs Arthur NJ Matthcs. Harvey
GRAY. Joseph ~erman, Samuel Mac
Nich0l. Joseph Percy, August Seile
Thomas j. Dugan. Nathan Goldberl
Paul Berman. A. Berman, j. NJ. Sa,
er. Merritt W. Lewis, o. 2. Suuol
Fred II. Dautel. John Hammond, WI
liam 3. Kempski, Samuel Z. Hinge
John Frederick, W. II. Brown, ].
Compton, George T. Tobin, Jr., Geor.
~ Tobin. William B. kee, John Y
Allsmith. Felix Wilezynski, Ada
Wojtkewic, William F. smith, L.