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| Title | Schumacher Mill Fire, 1886 |
| Date | 1886 |
| Description | Five hours before daybreak on March 6, 1886, dust exploded in a grain-drying house among his group of buildings at Broadway and Mill Streets. The resulting inferno raged for two days and destroyed every building except the Empire Mill and a new office. Schumacher's loss was reported to be $600,000. Without insurance, Ferdinand Schumacher was forced to obtain bank financing to rebuild. He received this financing on the condition that his company be merged with the Akron Milling Company and that the new company participate in a trust that would fix prices and control the entire cereal industry. In 1886, Ferdinand Schumacher became president of the new $2,000,000 corporation, which immediately joined the thirteen-member Consolidated Oatmeal Company (the "trust") of Illinois. This association became the American Cereal Company in 1888 and Quaker Oats in 1901. |
| Creator | A. L. Hubbard |
| Subject | Akron
Buildings
Fires
Mills
Consolidated Oatmeal Company
American Cereal Company
Quaker Oats Company
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| Publisher | Beacon Job Department |
| Contributor | Akron-Summit County Public Library
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| Type | Image
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| About the collection | http://www.akronlibrary.org/internetresources/sc/finding/LanePhotographs.pdf |
| Rights | The copyright law of the United States (Title 17, United States Code) governs the making of reproductions of copyrighted material. This material from the picture file is protected by the copyright law. The library makes this picture available for the personal use of the borrower to be used for private study, scholarship or research. Reproduction, alteration or derivative use of this visual image for the purposes other than those listed above without the express written permission of the copyright holder may constitute an infringement of copyright law. |
| Additional Information | http://www.akronhistory.org/grismer_akron_industries.htm; http://www.clevelandmemory.org/ellis/chap17.html; http://www.ohiohistorycentral.org/entry.php?rec=833 ; http://encore.akronlibrary.org/iii/encore/search/C%7CSFifty%2Byears%2Band%2Bover%2Bof%2BAkron%2Band%2BSummit%2BCounty%2BLane%7COrightresult%7CU1?lang=eng&suite=def |
| Format | 8.4 in. x 5.2 in. |
| Source | SL_Schumacher_Mill_Fire_1886.jpg |
| Relation | Samuel Lane Collection
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