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Show I, I. PIERCE SELLS HIS I INTEREST IN UTAH Gill CO. Tho entlro interest of I. N. Pierce In the Utah Canning company, a one-fifth share of tho total stock, has been transferred lo Herbert L. Hcrrington, secretary of the company, in a deal consummated Saturday noon and made public yesterday. The consideration 13 reported as $-15,000. Mr. Pierce was president of tho company at tho time of retirement and hati been in the canning business for over thirty years. He has built up the best known and largest plant in Utah in that time and has advertised and sold his goods in many slates of tho union. The consideration con-sideration of $-15,000 is exclusive of deductions for the heavy tax which had to be paid for tho 1917 business. The company will bo re-organized at a meeting of directors to bo held shortly and it is expected H. L. Her-rington Her-rington will be selected president No ono has been named for secretary. The Utah Canning company, before tho sale, was owned by I. N. Pierce, H. L. Herrington, tho George Bathson estate, es-tate, tho Eccles estate and the Dee estate, es-tate, each holding a one-fifth interest. The business has been expanded into a tremendous food packing force In the west and during the past year or two has made large profits.. War taxes, however, trimmed down the dividends. Plan Improvements. A program of improvements at the canning plant is under consideration and work wUl be started today. Tho improvements will include additions to three of the present buildings, making them two stories high. This will include, in-clude, an addition to the office and greater warehouse room. John Ellis Has The Contract. The retirement of Mr. Picrco will not affect the policies or names of the company, "Pierce's," and the various slogans of the firm being still maintained. main-tained. The Utah Canning company was started in 1S88 by Mr. Pierce and Robert Rob-ert Lundy. It was operated about six weeks of each year with never more than twenty-five employees. The number num-ber now is never less than twenty-fivo In the dullest season and more than 200 are employed during the rush season. sea-son. Mr. Pierce and Mr. Herrington, his probable successor, have been presidents presi-dents of the Utah Canner's association and as such havo been strong agents in the upbuilding of the cannery business busi-ness in the state. Came From Omaha. "My retirement comes after a considerable con-siderable activity in Ogden business affairs, said Mr. Pierce in discussing the change. "I came to Ogden from Omaha, where I had been in the real estate business, arriving here In 18S8. I went into the real estate business here and incidentally took up canning can-ning part of the year, building the first factory of any moment, excepting the Phoenix flour mill as I remember, at the same site that the Utah Canning company now occupies. That was in 1888. Three of us were in the company. com-pany. We had our troubles at various times but I became more and more interested in-terested in tho canning business. I was out of the business between 1893 and 1S97. "In 1897, the company was reorganized reorgan-ized and then we built considerably. It was that year we paid off a mortgage of $12,000. Ever since that time the factory has been developing rapidly, and today.it Is the largest in tho inter-mountain inter-mountain states, shipping goods everywhere over the west and far into the east "It almost seems like parting with home to be parting with my interest in the company, although a man of my years need not continue in active business bus-iness when there arc younger men ready to take up tho work. Mr. Herrington Her-rington has proven his ability with the company and the business will no doubt continue to crow in the future, just as it has grown in the past" nn |