Difference between revisions of "San Leandro Canning Company"
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L. Perillo was the manager, and had formerly been the superintendent of the [[Del Monte]] San Leandro plant<ref>Coast News In Brief: [http://books.google.com/books?id=umxRAAAAYAAJ&lpg=PA11&ots=MdweCObSAZ&dq=San%20Leandro%20Canning%20Company%20Perillo&pg=PA11#v=onepage&q=San%20Leandro%20Canning%20Company%20Perillo&f=false April 3, 1920 California Fruit News].</ref>. | L. Perillo was the manager, and had formerly been the superintendent of the [[Del Monte]] San Leandro plant<ref>Coast News In Brief: [http://books.google.com/books?id=umxRAAAAYAAJ&lpg=PA11&ots=MdweCObSAZ&dq=San%20Leandro%20Canning%20Company%20Perillo&pg=PA11#v=onepage&q=San%20Leandro%20Canning%20Company%20Perillo&f=false April 3, 1920 California Fruit News].</ref>. | ||
| − | The company was bought by [[H.G. Prince]] in 1922<ref>California Canneries: [http://books.google.com/books?id=2S0dAQAAMAAJ&lpg=PA48&ots=9QJZ9vDBLx&dq=%22san%20leandro%20canning%20company%22&pg=PA48#v=onepage&q=%22san%20leandro%20canning%20company%22&f=false April 1922 Western Canner and Packer].</ref>. | + | The company was in financial straits in late 1922, with [[R. E. Cotter & Company]], a creditor, filing a petition on September 2, 1922 to declare the company bankrupt<ref>California Canneries: [http://books.google.com/books?id=2S0dAQAAMAAJ&lpg=RA4-PA34&ots=9RCX9wBBIy&dq=%22san%20leandro%20canning%20company%22&pg=RA4-PA34#v=onepage&q=%22san%20leandro%20canning%20company%22&f=false October 1922 Western Canner and Packer].</ref>. The company was bought by [[H.G. Prince]] in 1922<ref>California Canneries: [http://books.google.com/books?id=2S0dAQAAMAAJ&lpg=PA48&ots=9QJZ9vDBLx&dq=%22san%20leandro%20canning%20company%22&pg=PA48#v=onepage&q=%22san%20leandro%20canning%20company%22&f=false April 1922 Western Canner and Packer].</ref>. California Fruit News noted that the cannery was sold for indebtedness, and that some shareholders were not happy<ref>[http://books.google.com/books?id=rFVRAAAAYAAJ&lpg=PA5&ots=1YiB1Dbpma&dq=h.g.%20prince%20san%20leandro&pg=PA5#v=onepage&q=h.g.%20prince%20san%20leandro&f=false California Fruit News, June 10, 1922].</ref>. |
Stockholders apparently were displeased with the company's performance; the directors were sued in November 1923<ref>November 17, 1923 Oakland Tribune].</ref>: | Stockholders apparently were displeased with the company's performance; the directors were sued in November 1923<ref>November 17, 1923 Oakland Tribune].</ref>: | ||
Latest revision as of 00:28, 23 October 2014
| Business |
Cannery |
|---|---|
| Main Location |
San Leandro |
| Active |
1920-1922 |
| Successors |
H.G. Prince |
San Leandro Canning Company was an Alameda County canner organized in 1920[1]. The company reincorporated in September 1920 to double the size of the plant[2][3]. The company canned cherries, apricots, pears, peaches, plums, grapes, spinach, asparagus, and tomatoes. L. Perillo was the manager, and had formerly been the superintendent of the Del Monte San Leandro plant[4].
The company was in financial straits in late 1922, with R. E. Cotter & Company, a creditor, filing a petition on September 2, 1922 to declare the company bankrupt[5]. The company was bought by H.G. Prince in 1922[6]. California Fruit News noted that the cannery was sold for indebtedness, and that some shareholders were not happy[7].
Stockholders apparently were displeased with the company's performance; the directors were sued in November 1923[8]:
Slx prominent San Leandro business men. directors of the San Leandro Canning Company, Inc.. are named as defendants In a suit brought in the Superior Court today by stockholders of the company to compel the directors to return $115,000. which the plaintiffs allege the directors owe the stockholders because of false and fraudulent stock manipulation. The suit also asks an accounting of the business. The defendants are the San Leandro Canning Company, Inc,, and L. Perlllo, J. B. Faust, A. E. Pelton. L. J. Toffelmler, J. C. Toftelmier and A. Fellzianetty. The stockholderr who are plaintiffs to the suit are George A, Edgar. H. H. Iveraon. N. A. McGonaghy. Dora L. McGonaghy. Joseph Flores. Mae Flores, T. Sullivan, J. F. Brewls and M. F. Brewls. The complaint avers the directors entered Into a conspiracy, setting up the value of ths holdings of the company at $135,000, when In reality they were only worth $20,000, and that stock was Issued on this fictitious value of the property and had In reality no value.
The plant eventually became a Del Monte plant after H.G. Prince's purchase.
Locations
| Location | Years | Address | Details |
|---|---|---|---|
| San Leandro | 1921 |
References
- ↑ New Canneries: January 1920 Canning Age
- ↑ Horticultural Jottings: September 18, 1920 Pacific Rural Press.
- ↑ Directors Not Liable for Commissions Paid for Sale of Stock: Business Law Journal, Vol 10, July-September 1927.
- ↑ Coast News In Brief: April 3, 1920 California Fruit News.
- ↑ California Canneries: October 1922 Western Canner and Packer.
- ↑ California Canneries: April 1922 Western Canner and Packer.
- ↑ California Fruit News, June 10, 1922.
- ↑ November 17, 1923 Oakland Tribune].