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i ¥A GREAT LAGER BEER POOLCapitalists Consolidate Four Breweries Witlia Capital of S3,000,000.New York, July lOi—Four more breweries have disappeared as privajte firms and havo become consolidated in one corporation. They are all situated in Brooklyn, where they are known as Ochs, Freese, Weis it Zerwich and Setts. The capital of the new corporation is $3,000,000. It is all held in pro rata qhares by the brewers who have united to form i ‘The scheme of consolidation was projected and carried out by the firm of Ouggenheimer . Unter-meyer. While resembling in general outline theplan followed in the English syndi it differs from them ib the fact tfya comes from New York citv. /Mr. Randolph Quggenheimer explained the scheme to a reporter as follows: “ When the idea of buying up American breweries first occurred toying up ___________ _________ ___________English capitalists a howl was raised here about it. That was ubjust, because Americancapitalists could always] have first pick of anything they wanted! in this country. In the present case the four breweries have been consolidated and capitalized In $100! shares atecurity is offered $1,200,000 r cent, bonds, payable Inisa ftlnid $3,000,000. On this first mortgage 5 p twenty years. Of t been placed by me. tion to holding his oIs sum $500,000 has already ch of the brewers, In addi-n 'hare of the stock, has engaged to manage hi^ own brewery for a period of from three to five years. I believe thattnis is one of the first practical steps tow’ar^bringlng the capi-naustriif concers into a form in which it can be deilt in by the stock exchangeslike railroad, bank or any other stock.THE DAY AT JOHNSTOWN.Some of the Military Remain for a Time atXiOMtJJoH3r8TOWjV, July }1.—A meeting of the burgesses of the different boroughs will be held at Captain Hamilton’s headquarters this evening and arrangements perfected to have the borough officials rosume theiir functions throughout thedistrict. Judge Curajmin recommends, however, that the three; companies of the Fourteenth Regiment remain here to|act in. conjunction with thecivil authorities. As the boroughs will not have noncy to pay for !the proper police protection,theit is expected that the State will assume the expense of paying the iiegular police force as well asthe additional policejthat wjll be employed.Adjusters of the fire insurance companies have been hero for some dkys investigating the condition of property on which tijey carried insurance here. They have been very generous in their«n ethnic on/1 o rn 1 rnf ll rtr* t nor that. fSl 11 11 n.
Newspaper Details
Philadelphia Inquirer
Philadelphia, Pennsylvania, US
Fri, Jul 12, 1889
Page 1
Full Page
Clipped by
Anonymous
MT, USA 09 May 2019
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