CORN BELT PACKING COMPANY - Revision history

Randylyon at 21:13, 25 April 2021

2021-04-25T21:13:20Z

← Older revision		Revision as of 21:13, 25 April 2021
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	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS & BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS & BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by ~~Fred Kretschmer~~.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by [[KRETSCHMER, Frederick N.\|Frederick N. KRETSCHMER]].

	Corn Belt representatives announced that on March 3, 1921 the company's retail market would open on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied. The company was fined $5 and costs. Kretschmer telephoned the company treasurer from the courtroom and had the treasurer pay the fine by voucher. (7)		Corn Belt representatives announced that on March 3, 1921 the company's retail market would open on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied. The company was fined $5 and costs. Kretschmer telephoned the company treasurer from the courtroom and had the treasurer pay the fine by voucher. (7)
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	In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.		In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.

	The hoped for reopening of the plant did not occur. On November 21, 1925, the company was sold at public sale to satisfy a judgment returned in favor of the firm's creditors. The purchasers, the bond holders, paid $149,338.79 and assumed an indebtedness of $45,144.10 due to taxes and special assessments. (11) In 1931 the buildings became the property of St. Louis packing interests which were still in operation in 1933. (1)		The hoped for reopening of the plant did not occur. On November 21, 1925, the company was sold at public sale to satisfy a judgment returned in favor of the firm's creditors. The purchasers, the bond holders, paid $149,338.79 and assumed an indebtedness of $45,144.10 due to taxes and special assessments. (11) In 1931 the buildings became the property of St. Louis packing interests which were still in operation in 1933. (12)

			In 1942 an announcement was made that the Illinois Cooperage Manufacturing Company, a Chicago manufacturer of barrels and staves, would open a branch in Dubuque. The land acquired was the "old Corn Belt property." Other than the announcement, no further evidence of the company in Dubuque was found. (13)


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	12. "More Than Million Pounds of Pork for Distribution to Needy in Storage Here," ''Telegraph-Herald and Times-Journal'', October 1, 1933, p. 7		12. "More Than Million Pounds of Pork for Distribution to Needy in Storage Here," ''Telegraph-Herald and Times-Journal'', October 1, 1933, p. 7

			13. "Chicago Company to Use Old Brewery Building," ''Telegraph-Herald'', May 5, 1942, p. 1

Randylyon at 20:59, 25 April 2021

2021-04-25T20:59:37Z

← Older revision		Revision as of 20:59, 25 April 2021
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	In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.		In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.

	The hoped for reopening of the plant did not occur. On November 21, 1925, the company was sold at public sale to satisfy a judgment returned in favor of the firm's creditors. The purchasers, the bond holders, paid $149,338.79 and assumed an indebtedness of $45,144.10 due to taxes and special assessments. (11) In 1931 the buildings became the property of St. Louis packing interests which were still in operation in 1933. (12)		The hoped for reopening of the plant did not occur. On November 21, 1925, the company was sold at public sale to satisfy a judgment returned in favor of the firm's creditors. The purchasers, the bond holders, paid $149,338.79 and assumed an indebtedness of $45,144.10 due to taxes and special assessments. (11) In 1931 the buildings became the property of St. Louis packing interests which were still in operation in 1933. (1)

Randylyon at 16:40, 20 April 2019

2019-04-20T16:40:46Z

← Older revision		Revision as of 16:40, 20 April 2019
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	[[File:1919cba.png\|250px\|thumb\|left\|1919 advetisement]]		[[File:1919cba.png\|250px\|thumb\|left\|1919 advetisement]]
	[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]		[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]
			[[Image:letterheadcb.png\|left\|thumb\|300px\|1919 Letterhead: Photo courtesy: Jim Massey]]
	[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.		[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.

	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in ~~1917~~ for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city were made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS & BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS & BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)
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	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.

	Corn Belt representatives announced that on March 3, 1921 the company's retail market would ~~opened~~ on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied. The company was fined $5 and costs. Kretschmer telephoned the company treasurer from the courtroom and had the treasurer pay the fine by voucher. (7)		Corn Belt representatives announced that on March 3, 1921 the company's retail market would open on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied. The company was fined $5 and costs. Kretschmer telephoned the company treasurer from the courtroom and had the treasurer pay the fine by voucher. (7)

	Alleged financial irregularities were discovered while determining the cause of the company's financial problems. (8) It was charged in a lawsuit filed in 1922 that Ernest C. Devine and Henry J. Folts contracted with the company on August 5, 1919 to take over and underwrite stock on a commission of approximately 40%. This would have been in violation of several Iowa statutes. The packing company also supplied office space to the two men and provided them with gas, ~~heal~~ and light free of charge. In September, 1919 the two men sold $500,000 in stock of which Corn Belt should have received $300,000. It received $100,000. It was further charged in the suit that the $200,000 was loaned to the company when it began to have financial trouble. (9)		Alleged financial irregularities were discovered while determining the cause of the company's financial problems. (8) It was charged in a lawsuit filed in 1922 that Ernest C. Devine and Henry J. Folts contracted with the company on August 5, 1919 to take over and underwrite stock on a commission of approximately 40%. This would have been in violation of several Iowa statutes. The packing company also supplied office space to the two men and provided them with gas, heat and light free of charge. In September, 1919 the two men sold $500,000 in stock of which Corn Belt should have received $300,000. The company actually received $100,000. It was further charged in the suit that the $200,000 was loaned to the company when it began to have financial trouble. (9)

	In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.		In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.

Randylyon at 16:34, 20 April 2019

2019-04-20T16:34:48Z

← Older revision		Revision as of 16:34, 20 April 2019
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	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS ~~AND~~ BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS & BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.
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	The 1923 ''Dubuque City Directory'' listed the corner of 30th and Washington.		The 1923 '''Dubuque City Directory''' listed the corner of 30th and Washington.

	[[Image:cbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Bob Reding]]		[[Image:cbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Bob Reding]]

Randylyon at 16:33, 20 April 2019

2019-04-20T16:33:54Z

← Older revision		Revision as of 16:33, 20 April 2019
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	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS OF AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS AND BUTCHER WORKMEN OF NORTH AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.

Randylyon at 16:32, 20 April 2019

2019-04-20T16:32:40Z

← Older revision		Revision as of 16:32, 20 April 2019
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	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS OF AMERICA AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.

Randylyon at 16:31, 20 April 2019

2019-04-20T16:31:58Z

← Older revision		Revision as of 16:31, 20 April 2019
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	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS AFL-CIO LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.

Randylyon at 23:39, 4 October 2018

2018-10-04T23:39:00Z

← Older revision		Revision as of 23:39, 4 October 2018
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	[[Image:chutes.jpg\|right\|thumb\|250px\|While only six chutes are shown, the company was able to unload eight cars of live stock at one time.Photo courtesy: Bob Reding]]		[[Image:chutes.jpg\|right\|thumb\|250px\|While only six chutes are shown, the company was able to unload eight cars of live stock at one time.Photo courtesy: Bob Reding]]
	[[File:cornbelt1.jpg\|left\|thumb\|250px\|Photo courtesy: Joseph Jacobsmeier]]		[[File:cornbelt1.jpg\|left\|thumb\|250px\|Photo courtesy: Joseph Jacobsmeier]]
			[[File:cornb6.png\|250px\|thumb\|left\|1919 advetisement. Photo courtesy: Telegraph Herald and Paul Hemmer]]

	---		---

Randylyon at 20:25, 28 January 2018

2018-01-28T20:25:07Z

← Older revision		Revision as of 20:25, 28 January 2018
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	[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]		[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]
			[[File:1918cba.png\|250px\|thumb\|left\|1918 advertisement]]
			[[File:1919elks.png\|250px\|thumb\|left\|1919 advertisement]]
			[[File:1919cba.png\|250px\|thumb\|left\|1919 advetisement]]
	[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]		[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]
	[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.		[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.

Randylyon at 02:56, 27 January 2018

2018-01-27T02:56:14Z

← Older revision		Revision as of 20:25, 28 January 2018
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	[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]		[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]
			[[File:1918cba.png\|250px\|thumb\|left\|1918 advertisement]]
			[[File:1919elks.png\|250px\|thumb\|left\|1919 advertisement]]
			[[File:1919cba.png\|250px\|thumb\|left\|1919 advetisement]]
	[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]		[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]
	[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.		[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.

← Older revision		Revision as of 02:56, 27 January 2018
Line 1:		Line 1:
	[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]		[[Image:cbad.jpg\|left\|thumb\|250px\|Photo courtesy: Telegraph Herald and Paul Hemmer]]
	[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]		[[Image:imp460.jpg\|left\|thumb\|300px\|Letterhead: Photo courtesy: Bob Reding]]
	[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 ~~the~~ property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.		[[Image:cornbelt.jpg\|left\|thumb\|250px\|Photo courtesy: Cathy's Treasures, 156 Main, Dubuque]]CORN BELT PACKING COMPANY. The organization of the company was announced on September 2, 1917. (1) In 1918 property once belonging to the [[DUBUQUE BREWING AND MALTING COMPANY]] was sold on option to the Syndicate Trust Bank of Chicago, Illinois. Its local representative was H. C. Niblock.

	The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was ~~stated at that time~~ that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque ~~with sales~~ in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold ~~with~~ eighty-five percent ~~being~~ held by farmers of eastern Iowa. It was strongly endorsed by the Telegraph-Herald which cited Dubuque's indifference in the past "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.		The sale of stock went quickly. The [[DUBUQUE REALTY COMPANY]] purchased the first block of stock in 1917 for $50,000. It was announced by company representatives that an effort would be made to "scatter" the stock in the counties and towns surrounding Dubuque. Sales in the city made later. (2) By December 26, 1918, $1.8 of the $3 million in stock had been sold; eighty-five percent was held by farmers of eastern Iowa. The company was strongly endorsed by the ''Telegraph-Herald'' which cited Dubuque's indifference in the past and "putting up difficulties innumerable in the way of establishing here an industry creditable to the city..."(3) The company opened for business on October 15, 1919.

	On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, ~~after a visit to~~ the plant ~~praised~~ its efficiency ~~and~~ announced that products of all ~~kinds~~ of the company ~~in large quantities~~ would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920 ~~when several~~ workers were dismissed without contacting the union. (5)		On November 3, 1919 representatives of J. R. Poole Company of New York and Boston, one of the largest brokerage firms in the United States handling edible food food products, visited the plant. Praising its efficiency, they announced that products of all kind and in large quantities of the company would be handled by the company in the eastern United States and Europe. (4) The same year an agreement was signed between the [[AMALGAMATED MEAT CUTTERS LOCAL 150]] and the company acknowledging the existence of the union. This did not prevent trouble in 1920. Several workers were dismissed without contacting the union. (5)

	A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.		A. B. McCue announced his resignation as president of the company on October 27, 1920 and was succeeded by Fred Kretschmer.

	Corn Belt representatives announced that on March 3, 1921 ~~that~~ the company's retail market would ~~open~~ on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied ~~and the~~ company was fined $5 and costs. Kretschmer telephoned the company treasurer and had the treasurer pay by voucher. (7)		Corn Belt representatives announced that on March 3, 1921 the company's retail market would opened on the corner of 32nd and Washington. With each purchase of $1.00 or more, customers received a free package of Corn Belt Breakfast Sausage. The same month an urgent meeting was held to raise $300,000 from the sale of bonds. (6) One of the most unusual stories of corporate America occurred in June, 1921. When one of the company's delivery drivers was arrested for speeding, Fred Kretschmer, the company president, asked that the company and not the driver be held responsible. The judge complied. The company was fined $5 and costs. Kretschmer telephoned the company treasurer from the courtroom and had the treasurer pay the fine by voucher. (7)

	Alleged financial irregularities were discovered while determining the cause of the company's financial problems. (8) It was charged in a lawsuit filed in 1922 that Ernest C. Devine and Henry J. Folts contracted with the company on August 5, 1919 to take over and underwrite stock on a commission of approximately 40%. This would have been in violation of several statutes. The packing company also supplied office space to the two men and provided them with gas, heal and light free of charge. In September, 1919 the two men sold $500,000 in stock of which Corn Belt should have received $300,000. It received $100,000. It was further charged in the suit that the $200,000 was loaned to the company when it ~~became~~ to have financial trouble. (9)		Alleged financial irregularities were discovered while determining the cause of the company's financial problems. (8) It was charged in a lawsuit filed in 1922 that Ernest C. Devine and Henry J. Folts contracted with the company on August 5, 1919 to take over and underwrite stock on a commission of approximately 40%. This would have been in violation of several Iowa statutes. The packing company also supplied office space to the two men and provided them with gas, heal and light free of charge. In September, 1919 the two men sold $500,000 in stock of which Corn Belt should have received $300,000. It received $100,000. It was further charged in the suit that the $200,000 was loaned to the company when it began to have financial trouble. (9)

	In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, it had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit. The reopening~~, however,~~ did not occur ~~until~~ 1925. (11)		In July, 1923 after months of being closed due to the financial problems, Corn Belt Packing Company officials announced the firm would reopen. Under the new articles of incorporation, the company was capitalized at $1,700,000. It was stated that being a new firm, the company had been forced to close by the general business depression after the war. (10) Nothing was said of the lawsuit.

			The hoped for reopening of the plant did not occur. On November 21, 1925, the company was sold at public sale to satisfy a judgment returned in favor of the firm's creditors. The purchasers, the bond holders, paid $149,338.79 and assumed an indebtedness of $45,144.10 due to taxes and special assessments. (11) In 1931 the buildings became the property of St. Louis packing interests which were still in operation in 1933. (12)


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	10. "Operations to be Started at Plant Soon, Statement," ''Telegraph-Herald'', July 8, 1923, p. 25		10. "Operations to be Started at Plant Soon, Statement," ''Telegraph-Herald'', July 8, 1923, p. 25

	11. "Corn Belt ~~May Start Operation~~," ''Telegraph-Herald'', ~~June 7~~, 1925, p. 14		11. "Corn Belt Plant Sold at Auction," ''Telegraph-Herald'', November 22, 1925, p. 17,

			12. "More Than Million Pounds of Pork for Distribution to Needy in Storage Here," ''Telegraph-Herald and Times-Journal'', October 1, 1933, p. 7