About the Book
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 Excerpt: ...Geo. H. Barbour; Secretary, Francis Palms; Treasurer, E. S. Barbour. Directors: The foregoing and L. B. Young, C. L. Palms, C. A. DuCharme, M. B. Mills, H. B. Gillespie, C. B. DuCharme, E. J. Dwyer, all of Detroit, Mich. STOCK--Common: Authorized, $1,500,000; outstanding, $1,500,000. Par value. $10. Preferred: Authorized, $1,600,000; outstanding, $1,563,000. Par value, $10. No dividend rate nor record furnished o Transfer agents. The Company. DIVIDENDS--Rate 7% per annum, payable Feb. 1. Books closed for dividend Jan. 15. Books open Feb. I. Dividend record since organization: Paid regularly. Transfer agents: The Company. FUNDED DEBT--None. ANNUAL MEETING--Last day of January. Books closed Jan. 15. Books open Feb. 1. Fiscal year ends Dec. 31. CONDENSED COMPARATIVE BALANCE SHEET. (As of Jan. 1. 1916) ASSETS. Cash: --Cash on hand $ 978.90 Cash in People's State 3,417.52 Cash in National City Bank, N. Y 3,673.35 $ 8,069.77 Bills receivable, trade 9,798.81 Accounts receivable, customers 344,648.77 Prepaid insurance 2,200.00 Sundry debtors 55,303.75 Real estate 296,500.00 Buildings 485,903.20 Goodwill, trademarks 1,791,890.38 Plant equipment and supplies 422,395.05 Inventories 587,744.84 Michigan Stove Co., Chicago 28,141.77 Treasury stock, preferred 37,000.00 $4,069,596.34 LIABILITIES. Accounts payable.'.$ 44,822.61 Bills payable 453,000.00 Accrued expense 5,729.60 Sundry creditors 2,512.69 Surplus account 463,53144 Capital stock 3,100,000.00 $4,069,596.34 MICHIGAN SUGAR COMPANY. INCORPORATION--Michigan, August 20, 1906. Principal Office, Saginaw, Michigan. BUSINESS--Manufacture of granulated sugar and by-products. Plants located at Alma, Bay City, Caro, Croswell, Saginaw, Sebewaing. OFFICERS--Charles B. Warren, Piesident, Detroit; George B. Morley, Vice-Presiden..
