Pfeiffer & Schwartzel Family Family History
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Pfeiffer & Schwartzel Family Family History
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New Albany Box & Basket Company History October 5, 2002 The following information was recorded from the record books of Shareholder Meeting Minutes and Board of Directors Minutes books from December 7, 1893 (first meeting) until December 6, 1943. The following is just of summary of some of the information and only contains information, which was pertinent to the history of the company. Shares of stock listed below are from the Corporation Stock Register. Heath Morris Co. 1st Stockholders Meeting - to establish the company, December 7, 1893 Directors: Shares Ira. G. Strunk 40 Jno J. Miller 10 W. R. Heath 240 W. F. Morris 210 500 Director’s fee for attendance $2.00 Salary Ira. G. Strunk Jno J. Miller Secretary & Treasurer $1000/yr W. R. Heath President $1500/yr W. F. Morris Vice President $1500/yr Directors meeting July 30, 1894 A branch office was opened in Cincinnati, Ohio F. F. Myers employed to run office, also required to buy stock, purchased 40 shares of stock from Wm. Heath Annual meeting 12/20/1894 Salary Shares I. G. Strunk 40 Imo J. Miller Secretary & Treasurer $1000/yr 10 W. R. Heath President $1500/yr 200 W. F. Morris Vice President $1500/yr 210 Frank F. Myers 40 500 Annual Meeting 12/18/1895 I. G. Strunk Imo J. Miller Secretary & Treasurer W. R. Heath W. F. Morris Vice President Frank F. Myers President won by a 3 to 2 vote Annual meeting 12/16/1896 Directors Shares Imo J. Miller Secretary & Treasurer 10 W. R. Heath 178 W. F. Morris Vice President 302 (91 held temp.) Frank F. Myers President 10 Total 500 There was a fight over issues of Strunk being a director of the company since he had sold his shares in the company on 12/2/1896. Frank Myers has also sold the majority of his stock on 12/2/96. Wm. Morris obtained these shares and there was a reference to litigation over the stock of Strunk and Myers sold on 12/2/96. Wm Heath apparently sided with Myers and Strunk over control and was bought out. Directors Meeting 1/30/1897 Charles Schwartzel, F. H. Keller and Louise Blemker purchased stock in the company from the shares sold by Myers, Strunk and Heath. Stockholders meeting 2/1/1897 Directors: Salary Shares Charles Schwartzel President $ 600/yr 135 F. H. Keller 11 (1 Share 9/7/97) W. F. Morris Vice President $1,200/yr 210 Imo J. Miller Secretary& Treas. $1,080/yr 37 (27 Shares4/27/97) Louise Blemker Owner but not a director 57 Stockholders meeting 4/28/1897 Frank N. Morey was elected a director - Manager of Factory 50 Total 500 Stockholders meeting 8/28/1897 12% Dividend Annual meeting 12/15/1897 Directors Salary Shares Charles Schwartzel President $ 750/yr 135 W. F. Morris Secretary & Treasurer $1,500/yr 247 F. N. Morey Vice President $1,500/yr 50 Margaret Schwartzel Owner 68 Total 500 Directors Meeting 1/31/1898 Dividend of $2000 Decided to change the name to the New Albany Box & Basket Company July 4, 1898 William Morris sold 27 shares of stock to Charles Schwartzel and Frank Morey. Annual Meeting 12/21/1898 - New Albany Box & Basket Company Directors Salary Shares Charles Schwartzel President $750/yr 152 W. F. Morris Secretary & Treasurer $1,500/yr 220 F. N. Morey Vice President $1,500/yr 60 Margaret Schwartzel Owner/non-director 68 Total 500 Directors Meeting 4/28/1899 F. N. Morey sold his stock to Charles Schwartzel and W. F. Morris No records of meeting until 6/23/1902 Directors Meeting 6/23/1902 Directors Charles Schwartzel 250 Shares W. F. Morris 250 Shares James N. Conner elected a director Charles Schwartzel resigned and wanted to sell his stock James N. Conner named President Stockholders Meeting 8/6/1902 Charles Schwartzel bought out the remaining stockholders Owners Charles Schwartzel John Cullen? (Ownership and number of shares owned and by whom could not be found) Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures John T. Cullen Vice President Directors Meeting 10/10/1903 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures John T. Cullen Vice President F. H. Keller Edward Hannon Dividend of $3500 declared 1906 Dividend $6000 1907 Dividend $10000 End of Book One Stockholders meeting 12/16/1908 Present Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Frank Schwartzel John T. Cullen Vice President F. H. Keller Edward Hannon Margaret Cullen Elizabeth Cullen Lula Blenker Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures John T. Cullen Vice President F. H. Keller Edward Hannon Stockholders Meeting 2/4/1909 Company reorganized with new by-laws Directors Meeting 11/29/1909 Dividend $10,000 Stockholders Meeting 12/2/1910 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures John T. Cullen Edward Hannon Manager of Louisville Branch Factory Frank Schwartzel Vice President Dividend $10,000 Stockholders Meeting 10/24/1911 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory Dividend $10,000 Stockholder Meeting 8/9/1912 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory Dividend $10,000 Directors Meeting 12/16/1912 Dividend $10,000 Directors Meeting 9/24/1914 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Dividend $10,000 Directors Meeting 12/1/1914 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Directors Meeting 4/27/1915 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Directors Meeting 10/14/1915 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Profits: $27,885 Dividend: $20,000 Directors Meeting 10/4/1916 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Profits: $24,902 Dividend: $20,000 Directors Meeting 9/18/1917 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Paid off loan from shareholders $25,000 Dividend: $15,000 Sprinklers installed for $8763 Shareholders Meeting 11/14/1918 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walter Directors Meeting 11/14/1918 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Dividend: $20,000 Directors Meeting 8/1/1919 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Dividend: $15,000 Purchased: 1591.5 acres at $28.00/acre Directors Meeting 11/14/1919 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Shareholders Meeting 11/14/1919 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Purchased: Liberty & Victory Bonds, War Savings Bonds Profits : $31,511 Directors Meeting 3/29/1920 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory George Walters Purchased 1350 acres - Tiger Tail branch, Dyer Co., Tenn. - $20.00/acre land next to the Burgie Tract Salaries set at: Charles Schwartzel $26,000 Joe Schwartzel $18,000 Ed Hannon $ 3,300 George Walters $ 3,300 Isadore Marguet $ 1,080 Directors Meeting 6/28/1920 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen George Walters resigned and sold his stock Directors Meeting/shareholders meeting 6/6/1921 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Dividend $50,000 Directors Meeting 12/6/1921 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen A timber deal was formed with the Meugel Box Co. of Louisville, Ky. with the new venture to be called the Island Logging Co. Directors Meeting 2/13/1922 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Dividend: $25,000
Directors Meeting 10/30/1922 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Shareholders meeting 10/30/1922 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Directors meeting 7/2/1923 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Dividend: $25000 Directors meeting 11/26/1922 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Directors meeting 6/6/1924 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Discussed fire on Jan. 30, 1924 which destroyed warehouses 4 &5, water damage to warehouses 2 & 3
Dividend: $25000 Directors meeting 2/2/1925 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Discussed a fire on 6/8/1924 which destroyed the Drying Sheds Purchased: 504 acres near Miston, Tenn. for $17500 Dividend: $25,000 Directors meeting 1/12/1926 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Sold all the Hickory standing on the Burgie & Boatsman timberland for $4500, noted as a big price for the timber sold A federal tax problem was settled for $11,000 in back taxes for 1917 through 1924 Dividend: $25,000 Directors meeting 1/14/1927 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Business off a bit Dividend: $25000 Directors meeting 11/9/1927 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Discussed additions to the factory as more floor space was needed Directors meeting 1/24/1928 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Dividend $25000 Directors meeting 1/30/1929 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Discussed the very long time it took for the addition to the factory to be completed and the slow delivery of machinery and that all machinery was still not operational. Without the addition to the factory they could not have taken a lattice basket order from Cincinnati and that it was well to have the order as business was very slow in fact lattice baskets they were making was a larger percent of all goods being sold during the past several months. Also discussed an addition to the dry kiln in making it three stories. The dry kiln was in bad condition having been poorly constructed when built. This resulted in much higher cost for improvements Profits for the year was very low due to prices being low and competition was keen due to so many new factories being built through out the country. Expect that profits will be smaller in the coming years. Dividend $25,000
Discussed selling 1161.5 acres of Tennessee timberland for $100,000. If the sale went though they would still have 909 acres in Tennessee, which they would like to sell for $60,000.
They discussed making an extension to the office and warehouse. Directors meeting 7/5/1929 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen
Meeting to approve the sale of 1161.5 acres in Tennessee. Directors meeting 1/7/1930 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Profits were low and the dividend was reduced to $20,000 Directors meeting 7/11/1930 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Sales were down as compared to one year ago due to bad growing season. Stockholders and Directors meeting 1/292/1931 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen All owners represented by the four directors
Lost $7800 from the basket business, business in general was bad. No dividend paid Directors meeting 11/13/1931 Directors: Charles Schwartzel President Joseph Schwartzel Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Directors meeting 10/8/1932 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen The year was fair but the demand was down and there was a need to cut expenses as much as possible. Directors meeting 4/26/1933 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen The demand for bushel baskets was down and market baskets. Directors meeting 4/18/1934 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Business outlook was not very promising.
Stockholders and Directors meeting 10/1/1935 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen It was agreed to purchase the machinery of the English Basket & Container Company but not to purchase the company or its buildings. It was agreed to transfer 3000 shares of stock in the Standard Oil Company of Kentucky which was in the Name of the New Albany Box & Basket Company but which belonged to the estate of Charles Schwartzel. The shares were transferred as follows: Catherine Schwartzel 1500 Margaret Moser 250 Anna Marie Osborne 250 Helen Schmitt 250 Charles P. Marguet 250 Joseph A Marguet 250 Audrey Marguet 250
Dividend: $25,000 Directors meeting 12/19/1938 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Profits: $7,000 Dividend: $10,000 Stockholders and Directors meeting 10/21/1939 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph Marguet Profits: $18,000 Dividend: $30,000 Stockholders and Directors meeting 10/26/1940 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph Marguet Profits: $12,000 Dividend: $12,000 Stockholders and Directors meeting 11/1/1941 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph A. Marguet Vice President Shareholders Represented by: Joseph Schwartzel 175 shares as per proxy Joseph Marguet 19 Ed Hannon 28 Charles P Marguet 20 Charles P. Marguet 246 shares by proxy Total 488 Profits: $24,000 Dividend: $15,000 Stockholders and Directors meeting 10/31/1942 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph A. Marguet Vice President Profits: $35,000 Dividend: $35,000 less federal taxes Directors meeting 4/14/1943 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph A. Marguet Vice President Sold 479 acres and 430 acres $86,000 Stockholders and Directors meeting 10/23/1943 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Profits were good; all profits less federal tax went to dividends Joseph A. Marguet Vice President Stockholders and Directors meeting 12/6/1943 Directors: Joseph Schwartzel President Charles P. Marguet Secretary & Treasures Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph A. Marguet Vice President Company was reorganized as follows: Directors: Charles P. Marguet President Edward Hannon Manager of Louisville Branch Factory John Cullen Joseph A. Marguet Secretary & Treasures Vice-President Margaret Moser
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