The Cycle Age And Trade Review, Vol 25, No 140
Articles in this issue
- p. 1
The 175 creditors of Julius Andrae & Sons Co. of Milwaukee nearly unanimously accepted a settlement of fifty cents on the dollar payable in three installments over four months, with the Milwaukee National Bank's George Strohmeyer appointed as treasurer to oversee the firm's assets and ensure orderly payment, and major creditors characterizing the firm's management as honest and meritorious.
- p. 1
The American Bicycle Company announced the closure of the Sterling bicycle plant in Kenosha, Wisconsin, the twentieth trust factory to shut down, throwing approximately 200 workers out of employment and shipping machinery to the Western Wheel Works in Chicago — a factory the city had helped lure from Chicago only a few years earlier.
- p. 1
Negotiations between Frank Fowler and the Grand Rapids Board of Trade collapsed when local businessmen declined to subscribe $50,000 for half the capital stock of a proposed new independent bicycle company, counter-offering only a few months' rent and relocation costs — terms the Chicago group rejected, while Muskegon separately approached Fowler with its own proposal.
- p. 1
The Cleveland Cycle Board of Trade, after consulting a patent attorney, concluded that Edward Calkins' design patent on bicycle racks was so narrowly drawn that it did not cover most rack designs in common use, and voted to defend any local business sued by Calkins while awaiting the patent's early expiration.