Show 0 ALLIS CHALMERS reorganizes on april 1913 allis chalmers manufacturing fac turing company took over the properties and entire operation of the business of al lis chalmers company which latter company during the past year has been in the hands of a receiver this change marks the end of the allis chalmers receivership and the commencement of the administration of 0 the new company beginning with april all business has been and will be conducted by auis allis chalmers Gh almers manufacturing company which starts out under conditions promising success the new company will operate all departments part ments of the business as conducted hy by its predecessor and will carry out all CO contracts n on hand for the sale of its prod products acts it has no bonded indebtedness nor liabilities of any character in addition to all assets of the former allis chalmers company the new company has over four million dililon dollars additional cash for new working capital which has been raised through the recent reorganization the new company will continue to oper ate the large west allis works and re liance works at milwaukee the chicago works and in addition will control the operations of the bullock electric manufacturing manufacture H fatt falk 01 0 company at cincinnati otto milwaukee who for the past year has been and an receiver of the allis chalmers company under whose management as receiver the operations of the bu business siness h have ave shown abo marked improvement has been elected pre dent of the new company the general of cices will be at milwaukee a ire all properties of the new company compa and in good condition and its inventories its eng working capital on a sound basis oad departments are well equipped out turned the various lines of product now turne these con are of the highest quality under eat editions it is believed that with the pre P tho careful and intelligent management operations will show substantial profits |