The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-12-29
GIVES OUT FACTS ON
BIG BRASS MERGER
Continued from Page one)

was sold ahead for many months, so
that during practically the entire per-
ied of the shutdown, it has been able
I'd continue the manufacturing and
sale of rods and wire at substantial
manufacturing profit.
Develop Two Propositions.
About this time the officers of the
company undertook an intensive study
of the manufacturing and fabrieating
situation in the United States. An
enumeration of the various planes en-
gagged in such business, their geograph-
ical position with reference to facil-
ity for distribution, capacity for using
metal. and general financial condition.
was closely studied. Two PROPOSE
tons developed from this study;
First-That there were engaged in
the United States, in the business of
manufacturing and fabricating copper
products from raw material, about
thirty-two concerns Of sufficient i'm
portance to be taken into eonsidera-
ton, and that the total capacity of the
plants owned by the above companies
axceeded annually an output of 1,S00,-
100000 lbs. of copper. AS this eapa-
city was considerably more than twice
as much as had ever been required by
the United States in pre-war years,
and probably 80Go more than has been
required during the comparatively
busy years, in the United States, OF
1919 and 1920, respectively, and more
over. q sit was found that good many
of the plants were we'll situated for
distribution, modern in construction
and therefore could meet business re-
quirements as well as plants which
could be constructed, sit became ap-
parent that further building of plants
there could meet ETAOINUNU UN N
would merely add to an already over
constructed mill capacity and that an
effort in this direction by your COM
pany would result in adding demoraliz-
alton rather than sterilization to the
situation.
Seeond-The other proposition that
became apparent was that the Amer
lean Brass company dominated the
manufacturing and fabricating situa-
ton in copper and brass.
Extent of A. B. C. Holdings.
This company, with a good organ
ization, the result Of consolidation
of interests which have been active
in copper and brass manufacture from
it's beginning in the United States
and with we'll constructed plants, To-
Gated at the following places; An
sonia, Conn, Waterbury, Conn.,, Tor
rington, Conn, Kenosha, Wis, Buffalo
N. Y, having q capacity eqaalling ap.
proximately 40 per cent of the total
copper and brass manufacturing bust
ness of the United States, and which
in volume, upon a normal basis, would
utilize the maximum production OF
copper and zinc capable of being made
by this company, seemed to be in such
a position of strength, that the under
taking of negotiations for the purpose
of determining whether or not it was
possible to secure the American Brass
| company, or q control Of its stock fol
this company, became the objective
efforts of the officers of your company
A general statement of the Amer
lean Brass company, its business and
affairs, is desirable:
This company is the result of CON
solidation which took place about the
year 1912, between the following con
stituent companies: Ansonia Brass &
Copper Company, Benedict & Burnhan
Manufacturing company, Coe Bras:
Manufacturing Company, Waterbury
Brass company, Chicago Brass com
pany, Holmes, Booth & Haydens com
pany. The acquisition of the Buffalo
Copper and Brass Rolling Mills fol
lowed later, July /, 1917.
The consolidation was effected by {
transfer of all Of the physical property
of the above companies to the Amer
lean Brass company, which holds the
title and operates the business as the
direct owner thereof.
The company has an authorized cap
ital Of $4,000, 900, divided into 10000
shares, having par value Of sl0(
each.
The stock is largely held in substan-
tial blocks by persons who have beer
identified with the company and it:
predecessors in interest for many
years.
Its Financial Condition.
| An analysis of the financial eOndi.
ton of the American Brass company
as of December 81, 1920, shows thai
the accounts of this Company have
been kept upon conservative basis
and as published and supported by ar
audit of Messrs. Price, WateFhouse &
Co., the assets as of that date amount
ed to $As, 1854, 112T6, made up of the
following items:
Real estate, machinery
and tools ............ $40 2o, 72s .6S
Cash ............ 1888 ,696. Is
Bills receivable 908 ,28A5s
Accounts receivable 49,. COOS ,0O9 AS
Wood lands .........,. 224,6S0,14
Stocks and bonds owned
in other companies -. $685.
Government bonds ...,.. 386,s2S.ll
Patents ........... 100000