t
B.
jpy 189476/45.
STRICTLY CONFIDENTIAL.
No.11699.
IREC
C.O
33583
REG 10 JUL 18
120
TEAS AND ORIENTAL MERCHANDISE og vi har bad at al
---628 W.Madison St., Chicago.
JOHN C. SIEGFRIED & COMPANY,
MRS. JOHN C. SIEGFRIED, Proprietor,.
CLARENCE J. SIEDFRIED, Manager.
1
The business was originally started by John C. Siegfried in San Francisco in 1886, who in 1994, admitted his son Alfred H. Siegfried to an interest, the present style being adopted, and the firm'moved its headquarters to Chicago, Illinois. Alfred H.Siegfried continued es a partner until 1900, when he married and accepted the position of Secretary of C. Schilling & Co., Wine Mer- chants in San Francisco, of which his fatherinlaw is president and principal owner, John C. Siegfried then continued the business alone until June 8, 1915, when he died and his widow was the heir to the business.
The firm has branches throughout the country and tea stored in warehouses in Chicago and in the West. The First Trust and Savings Bank is Administrator for the estate in Illinois.
Mrs. Siegfried is located at Almeda, California and all banking of subject firm is now being handed at San Francisco, California.
Walter H. Siegfried the son of the late John C. Siegfried, was the manager of the firm until late in 1916, but had a disagreement with his brother Clarence J. Siegfried, who is Manager of the San Francisco office, withdrew and organized the Siegfried Schmidt Co., Tez Importers with offices at 625 Hearst Building.
The business is an old established one and the yolure of yearly business is said to have been from $500,000 to $1,000,000 for over ten years. They have a branch office at 268 Market Street, San Francisco, Calif., and also have a branch at Kobe, Japan. The letter office was in charge of WILLIAM J.SCHROTCH, from 1894 until 1908, when he (Schroth) was discharged. Schroth then came to Chicago and filed a bill in the Circuit Court asking for a receiver and accounting. The bill stated that Jöhn Siegfried had promised him a certain percentage of the profits, but had never paid him anything and hence the suit. It is said Schroth was one of a wealthy San Francisco family, and before the fire was worth $250,000. He is reported to have assisted Mr. Siegfried financially when he was hard pressed.
In the tea importing business it is customary to ship the tea here from foreign countries with gight draft attabhed to bill of lading. The exporters draw on the bank designated and the importer borrows on the warehouse re- ceipt
able to continue
Because of fast 1815 firm had
business without hučiˇworking Capital
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