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Show Pg. 142 about 8000 cases, but no money was made for the reason that the market was very dull. At the close of the canning year Mr. James Pingree, President of the company, called a meeting of the stock holders, for the purpose of changing the management of the company. Mr. Anderson arose and told those present that he was quite sure that he understood the object of the meeting. He said: “Gentlemen, I persuaded you to go into this business, and I am quite sure your stock can be bought for .50 cents on the dollar. And that you would be glad to unload at that price. I am sorry that under my management, the business has seemingly failed. But I have got you in and I will get you out. I have made some money in the produce business, and my brother and I have sold our farm at Peterson, and we will give you one hundred cents on the dollar for your stock.” This changed the atmosphere of the meeting. Every stockholder, except Mr. Scoville of Ogden, accepted Mr. Anderson’s proposal, and sold. But Mr. Scoville said: “I will stick to Jimmie to the end.” Three years later the Anderson Brothers bought Mr. Scoville’s stock at $3.50 a share. This made James and Joseph Anderson sole owners. Pg. 143 of the Morgan Canning Co. The following season produced a bounteous harvest. The business would be a success if they could only get enough money to pay for the cans. They succeeded in getting most of the farmers to wait for their money until the pack was sold. But there came a day when a car of cans was standing on the tracks, and no money to release the bill of loading. Loads of peas were waiting to be threshed, and it looked as though everything must be shut down. Jim went to Mr. Joseph Williams Sr. in an appeal for money. He in his kind way said: “Jimmie, how much money do you need to release those ears?” The amount was stated, and Mr. Williams wrote out a check for the entire sum. When asked what he wanted for security, he said: “Jimmie, I want nothing but your word. Use the money and pay me back at your earliest convenience, as I need it in my business.” The year 1910 proved to be a very satisfactory year. 30,000 cases of excellent quality were packed. The following year was also good. But some money was lost in the seed pea business. UP to this time the Morgan |
