The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1921-12-29

The letter will be of great interest to,
Kenosha people who have followed the
plans for the proposed consolidation
with interest. In his letter Mr.. Ryan
says:
In presenting for your information
and consideration the important trans
action in which your company is now
engaged in undertaking to acquire not
less than majority of all outstanding
stock of the American Brass company.
1t is important that you should be fully
advised as to the reasons which, in
the judgement of the board OF direct
ors, make the acquisition of said stock
g desirable transaction, and which have
influenced the decision to authorize
its purchase for your company.
You are familiar with the status of
the copper industry, and the particu-
larly trying time through which this
company, as producer of copper and
zinc, in common with all other pro-
ducers, has passed during the last
three years. The cases which led TO
tie pretend 1tssression in 2 s6ppsl
business are well understood, and need
not be recited in this letter.
The great increase in productive ca
pacity of the country and the world,
in both copper and zinc, together with
the dislocation of the. industry, caused
by the intensive effort made during the
war period to produce copper for nu-
milton purposes, brought about a cita-
alton which seriously threatened the
financial stability of most of the large
producers of copper and zinc, includ-
ing that of your company.
Copper Company Needs Plants.
For. several years past it has been
increasingly apparent to the officers Of
the Company, that in order to place
the business of the company upon a
sound foundation, it would be neces-
sary for the company to acquire man
ufacturing and fabricating plants,
through which the product of the com
pany is refined copper and zinc might
find an outlet to the various industries
which utilize such products in their
respective lines of manufacture and
distribution.
1t has been a growing conviction of
the officers of the company that the
large investment required to carry on
the business of mining, smelling and
refining copper and zinc, was made
quately protected, and the business
lacked stabilizing influence so long
as the producers could not reach out
to the ultimate consumers of their
product and take the steps which it is
believed necessarily must be taken if
the copper producers are to meet the
competitive effort cf the producers of
other metals in marketing and distrib-
uting the same. The initial result Of
this conviction was the establishments
of the wire mill at Great Falls. The
results achieved have demonstrated
the wisdom of this step. Since the be-
ginning of the operations of the wire
mill at Great Falls, on June 9, 1918. to
the end of the current year, with De-
cember estimated, the wire mill has
drawn into rods and copper wire a to-
tai of 166,0O0,0O0 pounds of copper,
which have been distributed at man
ufacturing net profit of $85O,OOO, 900;
the total investment having been ST.
57,730.38, reduced to 1885, 100000, after
for depreciation.
When it became necessary last Feb
ruary to take the forced steps to shut
down all of the mines of this company,
as did also most of the other large
producers on the hemisphere, the ne
cessity for acquiring such outlets for
production was emphasized by the fact
that the production of the wire mill
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