Stockholders In the proxy statement
(Continued from Page Al) issued to stockholders prior
J) million worth of stock? ” Col- to the annual meeting, dairy
eman asked. officials cite the Business
He noted that stockholders Corporation Law of Penn
paid full value for each sylvama m saying “there
share. are no appraisal rights for
Coleman said the commit- dissenting common
tee wdl protect the best in- stockholders or for holders
terest of the preferred of preferred stock.”
stockholder. “AU stockholders have
He maintains there is no rights,” Coleman asserted,
conflict between the m- The committee is trying to
terests of the preferred locate more preferred
shareholders and those of stockholders and is asking
common shareholders. that they contribute $1 per
Dairy officials have said share held to pay costs mcur
that only eight percent of the red by the organization,
preferred shareholders are They are further suggesting
current shippers and have that shareholdes not respond
described the remaining 92% , to the dairy’s request to sign
as outside interests. All cur- and return stock cer
rent shippers hold common hficates.
stock. Snyder is optimistic about
At the annual meeting the support the group can
Robert Barry, president of generate,
the Hairy, said the dairy “People who started this
would have to hold back dairy counted on this money
about $lO million from ship- for their retirement,” he
per proceeds in order to said. “I don’t see how a jury
| raise capital to restore the can turn us down.”
9 book value of the stock. He also said several people
He said shippers are now have expressed interest to
complaining that monies him in buying the dairy for
withheld from them are used “a lot more” than the pre
not to build up their own sent valuation,
equity, but to build up the Robert G. Tallman,
equity of the preferred counsel for the dairy, said:
stockholder. “We consider the transac-
Lehigh management tion a proper one. There is no
argued that a reorganization legal basis on any effort to
was the only way to avoid stop the-transaction.”
financial collapse. He said the signed stock
The protective committe is certificates do not become
further questioning the signficant until the time of a
valuation of the assets of the distribution of the assets,
dairy, listed at $l9 million. Stockholders had been told
“The $l9 million that a distribution would not
represents the depreciated take place until all pending
book value of the properties, litigation had been settled,
plants, and equipment,” a which could be several
committee press release years,
stated. “Some of the Tallman also said that
buildings and land included should the board receive a
jan the sale in areas of Allen- bonafide offer for the pur- '
“town and elsewhere have chase of the dairy, the mat
substantially appreciated m ter would be presented to
value. Despite this, directors shippers for their considera
are selling these assets at a tion.
All air-cooled engines
are NOT created equal
ASK ABOUT
STAUFFER'S
5-YEAR
ENGINE HEAD
AND BLOCK
WARRANTY
It's easier to call an engine "heavy duty" than it is t<
build it that way Many carburated “heavy duty" it
dustnal engines simply don't deserve the title. The}
consume expensive fuel at an alarming rate: they are
prone to break down or overheat and their life ex
pectancy is measured in hundreds of hours If any engine
in the world qualifies as heavy duty, it's Deutz Deutz
engines are often chosen to power equipment with unit
price tags over half a million dollars -that's heavy duty.
When it comes to cooling efficiency, the Deutz
precision-engineered axial-flow cooling air blowers
have no equal. This direct approach to cooling (without
collants, additives, cavitation) means our engines need
only about 60% of the air volume liquid-cooled engines
require Combustion efficiency is greatly improved by
higher head temperatures and engine life is extended by
cooler oil temperatures.
If you think air-cooled engines are prone to overheat,
talk to Oeutz users in the scorching heat of the Imperial
or San Joaquin valleys. There, Deutz engines deliver
more than 20,000 hours of trouble-free service before a
major overhaul.
SINCE 1955, EASTERN PA. DISTRIBUTOR
RETAIL, WHOLESALE & O.E.M. SALES
DEALER INQUIRIES INVITED
Glenn Ellenberger is shown above in his earlier
days as an agent.
Glenn Ellenberger
to be honored
ALLENTOWN - A family
picnic in honor of retiring
extension agent, Glenn
Ellenberger, has been
planned for Sunday, June 1
at the Agriculture Hall of the
Allentown fairgrounds
starting at 12:30 p.m..
Ellenberger has served as
Lehigh County Farm Agent
since 1951. He will be retiring
in July after 29 years serving
the Lehigh area. The af
ternoon event has been
planned as a meal to be
served from 12:30 p.m.-2;30
p.m. At 3 p.m. the formal
part of the program will
begin. The mam speaker will
There are lots o( things that separate Deutz engines
from water-cooled and other air-cooled engines Things
like blower design, big tube oil coolers, oil-cooled
pistons, special alloy cylinder heads, a research and
development team of more than 1,000 engineers These
are all important advantages Still we say If you can find
an engine that uses less fuel than a Deutz - buy it
i DEIITZ
/sk Stauffer Diesel Inc.
312 W. Main St, New Holland, Pa
Phone: (717)354-4181
at picnic
be former PA Secretary of
Agriculture, Lee Bull.
Interested people are
encouraged to send a letter
of best wishes and/or
congratulations to Glenn to
be inserted in a special book
which will be presented to
him at the picnic. Please use
one side of one sheet of paper
no larger than B%xll inches.
Reservations should be
made by May 23. Send $lO for
adults and $5 for children 5-
12 to: Glenn Ellenberger
Picnic, Lehigh County
Extension Service, Room
604, Courthouse, Allentown,
PA 18101.
Lancaster Farming. Saturday. Mav 17.1980—*
total
processing
ON-THE-FARM
- it’s not new; but today
its the best way to make
your business profitable.
5 mix-mill:
CENTRAL FEED SYSTEMS
Inflation, shortages, rising fuel costs,
government regulations, and our general
standard of living have reached the point of
reckoning. No one knows that better than the
poultryman, the hog farmer, and the dairyman
whose market prices rise and plummet daily.
Beginning today you can resolve many of the
uncertainties of your operation, spend more
time progressing and less time handling feed
But best of all, you can look forward to a profit
picture that shows your good business sense
SIMPLY LEARN ALL THERE IS TO KNOW
ABOUT A SYSTEM CALLED MIX MILL
AND THE COMPANY WHO
OFFERS IT:
717-432-9738
I"
I
lam
Rte 1, Mountain Rd. Dilisburg, Pa. 17019
Please tell me more about Mix Mill on the farm
feed processing
NAME
feed
ASKDO>
COUNTY
STATE
,2!
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