Summary Information
Pulaski Canning Company Records 1928-1967
- Pulaski Canning Company (Pulaski, Wis.)
Green Bay Mss 59
3.2 c.f. (8 archives boxes)
UW-Green Bay Cofrin Library / Green Bay Area Research Ctr. (Map)
Records of a vegetable canning company in Pulaski, Wisconsin, pertaining primarily to its purchase by the Sturgeon Bay Corporation in 1962, liquidation of its assets to avoid bankruptcy, and sale to the Our Best Company of Pulaski. English
http://digital.library.wisc.edu/1711.dl/wiarchives.uw-whs-gb0059 ↑ Bookmark this ↑
Biography/History
The Pulaski Canning Company, Pulaski, Wisconsin, was organized by a group of stockholders and directors of the Falls Canning Company of Oconto Falls, Wisconsin in 1927. At that time capital stock in the amount of 50,000 dollars was issued. In 1929 an increase in capital stock from 500 shares at 100 dollars per share to 600 shares at 100 dollars per share was approved, and in 1933 stock was again increased to 600 shares of common stock at 100 dollars per share and 3000 shares of preferred stock at 10 dollars per share. The company canned corn, green beans, potatoes and other vegetables. Its market extended throughout the United States and Europe as evidenced by broker correspondence. The correspondence also reveals an apparent decline in quality in the 1960s when consumer complaint letters begin to appear.
Sometime before 1962, the company began experiencing financial difficulties, but with the exception of the Corporate Records series, the material deals exclusively with the period from 1962 to 1967 when liquidation of the company's inventory occurred. This portion of the papers is from the files of the Fruit Growers Cooperative of Sturgeon Bay, Wisconsin. A complete history of the financial difficulties of the company is not documented.
On July 18, 1962 an agreement was entered into for the purchase of the Pulaski Canning Company by the Sturgeon Bay Corporation, Sturgeon Bay, Wisconsin. However, the Pulaski Canning Company retained its name. While the Sturgeon Bay Corporation does not figure in the correspondence again, the records of the Fruit Growers Cooperative indicate that the Sturgeon Bay Corporation was formed on June 1, 1962 at which time the purchase of the Pulaski Canning Company for 5,000 dollars was approved. A 1964 Federal Tax Return shows that the Sturgeon Bay Corporation owned 100% of the stock in both the Pulaski Canning Company and the Fruit Growers Cooperative. Considerable confusion arose among creditors as to the relationship of the Fruit Growers Cooperative and the Pulaski Canning Company. The canning operation remained at Pulaski, but all correspondence and orders for both equipment and supplies apparently originated from Sturgeon Bay, the official headquarters of both firms.
The financial position of the Pulaski Company did not improve and rather than file bankruptcy, creditors agreed to a long-term liquidation of the company's inventory. On March 23, 1963 an agreement was reached with a group of farmers in the Pulaski area to assume the real estate and chattel mortgages on the canning plant facilities and equipment in return for the real estate and items covered by the chattel mortgage. While the purchasers did business under the name Our Best, the real estate and chattel were in the names of Anton Slezewski and Bernard Walla.
A true picture of the Pulaski Canning Company cannot be obtained without using the records of two related companies, Falls Canning Company and Fruit Growers Cooperative. Records of both companies are at the State Historical Society of Wisconsin Area Research Center, University of Wisconsin-Green Bay.
Scope and Content Note
The records are divided into four series: Corporate Records, Correspondence and Subject Files, Liquidation Papers, and Financial Records. The CORPORATE RECORDS include the bylaws, a subscription list, a copy of the company charter, and minutes of the first stockholders meeting and the first directors meeting. However, they are not complete; see memo to Ronald Jacks from HNL indicating which items were removed at the time the company was purchased by the Sturgeon Bay Corporation. There is little other information concerning the purchase of the Pulaski Company by the Sturgeon Bay Corporation on 18 July 1962 other than the sales agreement. The minute books extant do appear to be complete, although some of the minutes tend to be very sketchy.
The CORRESPONDENCE AND SUBJECT FILES are those kept by the Fruit Growers Cooperative although an occasional file appears to have come from the Pulaski office. Titles given files by the Fruit Growers have been retained, and the series has been arranged in two segments: Inter-Company and General Correspondence, a chronological file; and Subject Files, which include such topics as broker correspondence, bid notices from the Defense Subsistence Supply Center, produce statements, and correspondence with the Small Business Administration.
The LIQUIDATION PAPERS are divided into files dealing with the plan for liquidation of the Pulaski Canning Company holdings without going through bankruptcy, and creditor correspondence. The files dealing with the plan for liquidation include attorney's correspondence, letters notifying creditors of the plan of action, signed proposals indicating the creditors' willingness to go along with the liquidation plans, financial files relating to creditor pay-off, inventory reductions, and a limited amount of correspondence with Our Best Company dealing with the purchase of the Pulaski Canning Company. The Creditor Correspondence is separated into general creditor correspondence and the files of individual creditors.
The FINANCIAL RECORDS are limited to the liquidation period only. Audit reports for the Pulaski Canning Company for the years 1955, 1958 and 1960, and appraisals for 1928 and 1934 will be found in the Falls Canning Company records. (Green Bay Mss 50) Inventory reports for 1958-1959 and financial reports, 1958-1962, will also be found under correspondence and subject files of the Falls Canning Company records.
Administrative/Restriction Information
Presented by Mr. and Mrs. Louis Croy, Sister Bay, Wisconsin, 1974, 1976. Accession Number: M74-438, M76-289
Processed by Dorothy Heinrich and Joanne Hohler, 1978.
Contents List
|
Series: Corporate Records
|
|
Box
1
Folder
1
|
Incorporation records
|
|
|
Minutes
|
|
Box
1
Folder
2
|
1928 April 3 - 1961 July 21
|
|
Box
1
Folder
3
|
1928 April 3 - 1964 February 22
|
|
Box
1
Folder
4
|
Corporate borrowing resolutions
|
|
|
Stock certificate books
|
|
Box
2
Folder
1
|
Certificate #1-100, 1927 December 12 - 1929 September 15
|
|
Box
2
Folder
2
|
Certificate #101-201, 1929 December 29 - 1952 December 2
|
|
Box
2
Folder
3
|
Certificate #202-253, 1953 October 15 - 1962 June 8
|
|
Box
2
Folder
4
|
Sales agreement -- Pulaski Canning Company to Sturgeon Bay Corporation, 1962 July 17
|
|
|
Series: Correspondence and Subject Files
|
|
|
Inter-Company and General Correspondence
|
|
Box
2
Folder
5-6
|
Inter-Company file -- Pulaski, 1963-1964
|
|
|
General correspondence -- Pulaski
|
|
Box
2
Folder
7
|
1961 December 16 - 1962 May 31
|
|
Box
3
Folder
1-3
|
1962 June 1 - 1964
|
|
|
Subject Files
|
|
Box
3
Folder
4-6
|
Brokers correspondence -- Pulaski, 1963-1964
|
|
Box
4
Folder
1
|
Continental Can Company contract, 1962
|
|
Box
4
Folder
2-3
|
Defense Subsistence Supply Center NPI and addendum, Pulaski, 1962-1963
|
|
Box
4
Folder
4
|
Employers Mutual of Wausau -- policy correspondence
|
|
Box
4
Folder
5-6
|
Employment applications, A-Z
|
|
Box
4
Folder
7
|
Food Machinery and Chemical Corporation, 1962
|
|
Box
4
Folder
8
|
Label -- Bucky Badger, 1962
|
|
Box
4
Folder
9
|
Leases and agreement contract, 1962
|
|
Box
4
Folder
10
|
Miscellany
|
|
Box
4
Folder
11
|
Orders -- Pulaski
|
|
Box
5
Folder
1
|
Price Lists -- Pulaski
|
|
|
Produce statements
|
|
Box
5
Folder
2
|
Bean growers, circa 1962
|
|
Box
5
Folder
3
|
Corn growers, circa 1962
|
|
Box
5
Folder
4
|
Refinancing, 1962-1963
|
|
Box
5
Folder
5
|
Reshipment file -- Pulaski to Sturgeon Bay
|
|
Box
5
Folder
6
|
St. Paul Terminal Warehouse Company
|
|
Box
5
Folder
7
|
Small Business Administration, 1959-1961
|
|
Box
5
Folder
8
|
Technical information and machinery
|
|
|
Series: Liquidation Papers
|
|
|
Liquidation Plan of Action and Financial Papers
|
|
Box
5
Folder
9
|
Whyte and Hirschbach, Attorneys, 1963-1967
|
|
Box
5
Folder
10
|
Pulaski creditor letters, 1963-1964
|
|
Box
5
Folder
11
|
Signed proposals by creditors
|
|
Box
5
Folder
12
|
Financial working papers, 1962-1964
|
|
Box
5
Folder
13
|
Financial statements and forecasts (Auditor reports), 1962-1964
|
|
Box
5
Folder
14
|
Our Best, 1963-1965
|
|
|
Correspondence Relating to Creditors
|
|
Box
5
Folder
15-16
|
Creditors correspondence -- general, 1962-1963
|
|
Box
6
Folder
1
|
Athens Canning Company
|
|
Box
6
Folder
2
|
Continental Can Company -- Pulaski
|
|
Box
6
Folder
3
|
Dunkley
|
|
Box
6
Folder
4
|
Evert Container Company
|
|
Box
6
Folder
5
|
Goldman
|
|
Box
6
Folder
6
|
Northrup-King and Company
|
|
Box
6
Folder
7
|
Price Brothers
|
|
Box
6
Folder
8
|
C. Reiss Coal Company
|
|
Box
6
Folder
9
|
Utah-Idaho
|
|
Box
6
Folder
10
|
Wood-Steel
|
|
|
Series: Financial Records
|
|
Box
6
Folder
11
|
Brokerage book, 1962-1963
|
|
Box
6
Folder
12
|
Green produce sheets -- growers beans and corn, 1962
|
|
|
Income tax
|
|
Box
7
Folder
2
|
Correspondence, 1962-1965
|
|
|
Returns
|
|
Box
7
Folder
3
|
Federal, 1961/1962-1966/1967
|
|
Box
7
Folder
4
|
State, 1961/1962-1966/1967
|
|
Box
6
Folder
13
|
Inventories -- warehouse, 1963 June - 1964 August
|
|
|
Journals
|
|
Box
8
Folder
1
|
Cash, 1962 June - 1964 August
|
|
Box
8
Folder
2
|
Expense, 1962 June - 1964 September
|
|
Box
8
Folder
3
|
General, 1962 June - 1965 May
|
|
Box
7
Folder
1
|
Summary of accounts, 1962 June - 1965 May
|
|
Box
7
Folder
5
|
Manufacturers statement of property, 1963 May
|
|
|