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Milton Hershey is on his way to fame and fortune...
Milton Hershey is on his way to fame and fortune...
Item # 688852
August 11, 1900
NEW YORK TIMES, August 11, 1900 Page 9 has a quite inconspicuous and brief article which essentially triggered Milton Hershey's chocolate empire.
Headed: "Caramel Companies Amalgamate" the report, from Lancaster, Penna., notes in part: "...announced...that the American Caramel Company has secured control of the entire property and business of the Lancaster Caramel Company...The price paid is stated to be $1,000,000...".
Believing caramels were a fad, Milton Hershey sold the assets of his caramel business for $1 million in cash to the American Caramel Company. Hershey kept the Hershey Chocolate Company subsidiary plus the chocolate making equipment because he felt that there was a large market for chocolate confections. His caramel company, founded in 1886, was Hershey's first successful candy company and helped him build a reputation.
Complete in 12 pages, loose at the spine, much flaking at the margins, very fragile with margin tears & must be handled carefully.
Category: The 20th Century
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