Columbia Sugar Company
Established in 1901 as the German-American Sugar Co.
History. (Added Jan., 2009)
The Manual of Statistics, Stock Exchange Handbook, 1920
COLUMBIA SUGAR COMPANYSuccessor to German-American Sugar Co.
Incorporated in Michigan, February, 1901, with a 30-year charter, under the name of the German-American Sugar Co., and in 1917 assumed its present corporate title. The company manufactures sugar and by-products from beets. The plants are located at Bay City, Mich., and Paulding, Ohio, and have an aggregate daily capacity of 2,400 tons. An additional plant is under construction at Mt. Pleasant, Mich., which will have 1,000 tons daily capacity, and will be read for operation the later part of 1920.
....... Par $10
....... Authorized $3,000,000
.. .... Outstanding $3,000,000
Transferred Office, at company's office, Bay City, Mich.
Dividends – Payable on 1st of April, July, October and January.
- In 1904, 3 per cent; 1905 and 1906, 7 per center annum; - 1907, 8 per center; 1908, 8 per center;
- 1909, 10 per cent; 1910, 30 per cent;
- 1911, 12 per cent; 1912, 11 per cent;
- 1913 and 1914, none;
- 1915, 6 per cent;
- 1916, 18 per cent;
- 1917, 12 per center;
- 1918, 9 per cent; and
- 1919, 12 per cent.
BALANCED SHEET – As of March 31, 1919.
– Real estate, buildings, and machinery, $3,037, 599;
- cash, $130,310;
- certificates of deposit, $200,000;
_ Liberty bonds and war saving stamps, $1,674;
- bonds in treasury, $27,000;
- accounts receivable, $49,278;
- merchandise, $885,427;
- supplies, $267,130;
- sundry items, $79,908.
- Total $4,928,326.
– Capital stock, $3,000,000;
- bonded indebtedness, $50,000;
- reserve for depreciation, $974,613;
- federal tax reserve, $170,000;
- U.S. food administration reserve account, $95,073;
- dividends payable, $90,000;
- P. & L. surplus, $548,639;
- Total $4,928,326.
– John C. Ross, President and Treasurer;
- Norris R. Wentworth, Vice-President;
- E. Wilson Cressey, Secretary and General Manager, Bay City, Mich.
– John C. Ross, 2151 Center Ave., Bay City, Mich.;
- Norris R. Wentworth, 1303 Fifth Ave., Bay City, Mich.; - E. Wilson Cressey, 2321 Center Ave., Bay City, Mich.; - Gustaves Hine, Washington Ave., Bay City, Mich.;
- W. W. Chapman, Lincoln St., Bay City, Mich.;
- Geo. B. Jennison, Farragut St., Bay City, Mich.;
- Geo. H. Young, Van Buren St., Bay City, Mich.;
- James E. Duffy, Samuel P. Cranage, Walter D. Young, Jr., Center Ave., Bay City, Mich.;
- Harold A. Wentworth, Carroll Pk., Bay City, Mich.;
- Henry A. Vallez, Mountain St., Bay City, Mich.;
- Geo. C. Schmidt, R. F. D., Bay City, Mich.;
- Rasmus Hanson, Garyling, Mich.,
- Frank L. Michelson, Detroit, Mich.
MAIN AND CORPORATE OFFICE, Bay City, Michigan.
ANNUAL MEETING, first Tueday in May. LISTED, Detroit Stock Exchange.
Stekffens process. - Added Jan., 2011.
Chemical & Metallurgical Engineering, Vol 21, 1919.
Many mills run the Steffens process, and many dry their pulp for the manufacture of cattle feed. since the mills are all older than most Western mills, the newer equipment (such as labor-saving filters, etc.) found so frequently in the Western mills has not yet been generally introduced.
Two interesting developments in connection with the sugar industry are the plants of the Michigan Chemical Co., at Bay City, which ferments beet molasses to alcohol; and the plant of the Columbia Sugar Co., which has been evaporating its Steffens waste water for the recovery of potash.
Bay City -- The Columbia Sugar Co., 508 Crapo Block, plans to construct a 1 to 3-story, 800 to 1000-ton capacity factory. A. H. Smith engineer.
1921 news. - Added Jan., 2011.
Facts About Sugar, Vol 12, 1921.
MT. PLEASANT NEAR FINSIH. _______
Bay City, Mich., Dec. 28. -- Although a heavy snowstorm followed by sudden drop to zero temperatures will make the shipment of the balance of the beet crop remaining undelivered a difficult task, the wind-up of the campaign at the Michigan factories is expected to come early in January.
The Columbia Sugar Company announced that its new Mount Pleasant plant will probably end its run this week, having sliced something over 40,000 tons of beets to date. The plant has made exceptional showing for a new one, having worked without a single serious interruption from the beginning of the run.
The Columbia factories here and at Paulding, Ohio, will finish slicing early in the coming month. Both will show larger tonnages of beets worked up than in any recent previous year. The Steffens house at Bay City will run a few weeks longer on molasses from the other two factories.
The first successful sugar manufacturing facility in Michigan opened as a pilot plant at Essexville in 1898, it's success led the way for many more plants to soon come online in Michigan. The American Almanac of 1901 showed 17 sugar plants operating in Michigan, of which seven were in the Saginaw Valley:
Their names, location and capacity (tons) were:
- Michigan Sugar Co., Bay City, 500
- Bay City Sugar Co., Bay City, 600
- West Bay City Sugar Co., West Bay City, 750
- Saginaw Sugar Co., Saginaw, 600
- German-American Sugar Co., Salzburg, 400
- Sebewaing Sugar Co., Sebewaing, 600
- Valley Sugar Co., Carrollton, 600
Cressey, E. Wilson
Duffy, James E.
Jennison, Geo. B.
Michelson, Frank L.
Ross, John C.
Schmidt, Geo. C.
Vallez, Henry A.
Wentworth, Harold A.
Wentworth, Norris R.
Young, Geo. H.
Bay City, MI
Bay City Sugar Co.
Columbia Sugar Co.
Detroit Stock Exchange
German-American Sugar Co.
Michigan Chemical Co.
Michigan Sugar Co.
Mt. Pleasant, MI
Saginaw Sugar Co.
Sebewaing Sugar Co.
Valley Sugar Co.
West Bay City Sugar Co.