Allied Packers, Incorporated - Stock Certificate

ALLIED PACKERS, INC. History: Incorporated June 6, 1919, in Delaware, for the purpose of acquiring through the purchase of the capital stock or the physical properties, the assets and business of various, packing companies. The company has acquired the following concerns: Parker, Webb & Co., Detroit; C. Klinck Packing Co., Buffalo; F. Schenck & Sons, of Wheeling, W. Va.; W. S. Forbes & Co., Richmond; Macon Packing Co., Macon, and Chas. Wolff Packing Co., Topeka, Kans. All of the above companies conducted a general packing business, including slaughtering. The entire capital stock of Batchelder & Snyder, a subsidiary, was sold in May, 1921, for $1,500,000.

Subsidiaries: The Canadian Packing Co., Ltd., was in corporated in June, 1919, in Canada, to acquire the five packing plants of Matthews-Blackwell, Ltd., located at Toronto, Montreal, Hull, Peterboro, and Brantford, with branches at Winnipeg, Fort William, Sudbury, Ottawa, Sydney and Charlottetown. The entire $9,000 capital stock is owned by Allied Packers, Inc. During 1922, company acquired the business and plant of the Western Packing Provision Co. of Chicago.

Reorganization Plan: In May, 1921, a plan calling for the readjustment of capitalization and financial affairs of Allied Packers was announced by a committee of which G. W. Davison, President of the Central Union Trust Co., was Chairman. The company amended its certificate of incorporation so as to permit of the issuance of new securities in place of those outstanding-the new capitalization being as follows: $8,000,000 first mortgage collateral trust 8% convertible sinking fund bonds; $8,000,000 prior preference stock; $6,250,000 preferred stock and 227,000 shares common stock of no par value. Holders of outstanding debenture 6s assenting to the plan received 50% in new bonds and 50% in new prior preference stock. Committee: George W. Davison, Chairman; C. H. Dwinnell, J. C. Fenhagen, John Fletcher, H. I. Foster, W. A. Law, E. C. Lewis, with C. E. Sigler as Secretary, 80 Broadway, New York, and the Central Union Trust Co., New York, depositary.

Management: OFFICERS: John A. Hawkinson, Pres.; Albert M. Schenk, Robert Shiell, T. F. Matthews, Vice-Pres.; A. L. Arthur, Sec.; F. R. Warton, Treas.; A. W: Cushman, Gen. Mgr. DIRECTORS: A. L. Arthur, R. K. Cassatt, L. J. Craig, T. F. Matthews, F. R. Warton, John A. Hawkinson, Raymond E. Jones, Albert M. Schenk, F. S. Snyder, Robert Shiell, E. B. Walden, H. I. Foster, Otto Schenk, J. C. Fenhagen, T. G. Smith. MAIN OFFICE: Chicago, Ill. (Reference: Moody's)