CALL PACKER REORGANIZATION MEETING HERE NEXT TUESDAY
JAN 25 (Green Bay) - A meeting of all who have subscribed in the drive to raise upwards of $10,000 to extricate the Green Bay Football corporation from its financial difficulties and reorganize the club has been called for next Tuesday evening, it was announced today by President Leland H. Joannes. The session will begin at 7:30 in the assembly room of the Brown county courthouse. A plan for the organization of a new corporation, representing those who have subscribed in the drive, to take over the franchise, contracts and assets of the Green Bay Football corporation, with approval of circuit court, will be submitted at the meeting, President Joannes said. The court must approve any action decided upon by the subscribers, as it has had control of the club since it went into voluntary receivership two years ago. Some work remains to be completed in the drive for funds, the president said, adding that he expects it to be done before Tuesday and the goal reached at that time. Excellent response to the appeal has been reported by various committees contacting business, industrial and commercial organizations and individuals, the president said. As an example the executive cited the case of a Green Bay resident, W.H. Grunnert, who is spending the winter at Valparaiso, Fla. Hearing of the drive, Mr. Grunert wrote to President Joannes, telling him to put him down for a $25 subscription. Many other cases of a similar nature have been reported, indicating a desire by all Green Bay fans to help keep the club going for many years, he said.
PRO FOOTBALL TO CONTINUE IN GREEN BAY
JAN 30 (Green Bay) - NFL football will continue in Green Bay, as a community undertaking, under citywide representation! This was made certain at a meeting in the courthouse here last night at which the Green Bay Packers, incorporated, was organized. The new corporation was formed by representatives of more than 100 Green Bay industrial, commercial, and business firms of approximately $11,900 to take the Packer football club out of financial difficulties so that Green Bay may continue to have a team in the NFL...PLAN IS OUTLINED: Decision to raise the fund was made at a meeting of public spirited businessmen here several weeks ago, who agreed that the Packers were too valuable an advertising medium to be dropped without doing something about it, and wholeheartedly pledged to subscribe to a drive for upwards of $10,000 to make possible reorganization of the club on a sound financial basis. Various committees completed in the drive and $11,900 has been pledged so far. Organization of the Green Bay Packers, Inc., was affected after those who had subscribed were given outlines of, and accepted a proposed setup in which 600 shares of no par value, non-assessable common stock was to be issued to subscribers on the basis of $25 a share, for the formation of a non-profit sharing corporation to take over and operate the Packer football club. Profits, if any, would go to the Sullivan post of the American Legion. Under plans adopted by directors of the new corporation, following their election by those who subscribed, and as subscribers became stockholders, the Green Bay Packer, Inc., will take over all assets of the Green Bay Football corporation, equipment and league franchise and will settle all outstanding obligations of the old corporation. It also will ask the circuit court to dissolve the receivership under which the club has been operating...EXPLAINED BY CLIFFORD: Gerald F. Clifford, a member of the executive committee, that with Frank J. Jonet, receiver, has operated the club under circuit court receivership for the past two years, outlined the proposed setup, explaining the constitution and by-laws. The by-laws call for an annual meeting the first Monday after July 4. With a majority of stockholders present, directors would be chosen annually, they in turn to name officers. Directions would meet once each month during the months of August, September, October, November and December, and at other times upon special call. An executive committee of seven to direct the actual operation of the club, and to take care of league and corporate business, to be composed of the president, vice president and treasurer and four directors, would be named by the directors. None of the directors would receive salaries. The old Green Bay Football corporation made City stadium with a seating capacity of 12,000, possible by contributing $39,000 to the project, Mr. Clifford said, adding that the corporation since its organization had given $4,000 out of its profits to Sullivan post of the American Legion, making a total of $43,000 that had been realized from professional football in the last decade....WILL SETTLE CLAIMS: Leland H. Joannes, who also was on the executive committee and served as the president of the club for the past three years, told how the new organization would settle all claims against the old corporation and against the club while it operated in receivership. He explained that creditors had agreed to reduce claims against the old corporation, so that the reorganization could be affected with funds subscribed in the drive. Many creditors agreed to settle for one-half of their claims, he pointed out, giving detailed reports on obligations and the settlement agreements. Assignments waiving all claims have been agreed to by the creditors, he said. They will be picked up and submitted to the circuit court before the reorganization can be complete. Mr. Joannes in discussing the matter of taking over the assets of the old corporation and settling the claims against them, said that the claims total $12,322, but that the creditors had agreed to accept $6,700 for their payment in full. In addition to these claims, which have been pending since before the corporation went into receivership there are other claims or bills totaling about $7,100 which have accumulated since the receivership. The old corporation has about $5,600 in cash on hand, which with an additional $1,500 to be taken from the new fund, will be used for their payment...MAY BE INCREASED: As the situation now stands the new corporation will be able to pay off the old claims and current bills and start the 1935 season, with about $3,500 on hand. This fund might be increased still further by additional donations from business firms and individuals who have not been solicited up to now. After hearing plans for the new corporation and agreeing to
them by unanimous vote, a nominating committee of five
men, Harold L. Frank, D.V. Pinkerton, Ray Leicht, James
Strathas and L.J. Kelly, was named to nominate directors.
This group selected 20 directors and they were elected by
unanimous vote. The directors names officers as follows:
Leland H. Joannes, president; Fred Leicht, vice president;
George Calhoun, secretary, and Frank J. Jonet, treasurer.
All will serve for one year. Coach E.L. Lambeau was called
upon to tell of plans for the 1935 season and responded
by reporting that everything possible was being done to
bring outstanding players here next season. Contacts have
been made with more than 60 men, the coach said, and
many deals are pending that should bring results. He
explained that under National league rules no player can
be signed until after February 1. Several outstanding
linemen are sure to be with the team next year, and a few
new backs also will be added, he said. It was announced
at the director's meeting that subscribers' names would be
listed in a special page in the program for every game next
PRESIDENT JOANNES ISSUES APPEAL FOR ADDITIONAL
JAN 30 (Green Bay) - President Leland H. Joannes today in
summing up the business transacted at last night's
reorganization meeting was optimistic about the future, but
issued an appeal for additional funds and explained why in
the following statement: "The results accomplished so far
in reorganizing the Green Bay football corporation are most
gratifying. Up to last night $11,800 has been subscribed by
Green Bay firms and individuals. While this is a sizeable
sum I feel that it should be increased to about $13,000 if at all possible. The new corporation will have about $3,500 left to start the 1935 season when all obligations of the old corporation and the receiver's current bills are paid. The officers of the new corporation feel that this fund should be increased to at least $5,000 in order to give the Green Bay Packers, Inc., adequate financing for the forthcoming season. Those who have not been solicited and who desire to subscribe for stock in the new corporation are urged to do so at once. Subscriptions or donations may be sent to me, Mr. Frank J. Jonet, Minahan building, or to any of the directors of the new corporation, who will turn them over to the corporation treasurer."
REORGANIZATION FUND FOR PACKER CLUB IS BOOSTED TO $12,000
JAN 31 (Green Bay) - Additional subscriptions to the Green Bay Packer reorganization fund were reported today by the committee handling solicitation, swelling the total pledged to approximately $12,000. The subscriptions has been turned in before the reorganization meeting at which the Green Bay Packers, Inc., was formed Tuesday night, but the names inadvertently left off the list, it was announced. The subscribers and the subscriptions:
Green Bay and Western R.R..$50
Northern Coal and Supply...$25
Ralph Curtis Smith.........$10
"A Friend" sent in a $100 subscription today to help swell the total. A few more pledges are expected within the next few days, the committee reported. Individuals or organizations that wish to subscribe are asked to get in touch with any officers of the new corporation that will operate the football club in the future.
NEW SUBSCRIPTIONS TO PACKER FUND REPORTED
FEB 1 (Green Bay) - Additional subscriptions to the Packer football reorganization fund were reported today, swelling the total above the $12,000 mark. The subscribers were Northland Bottling Works, $25, D.J. Devroey, $25, Bob's Hamburgers, $5, Charles De Wit, $5, Green Bay Cheese company, $10.
FRANK BUTLER SIGNS TO PLAY FOOTBALL ON PACKER ELEVEN AGAIN
FEB 2 (Green Bay) - Frank Butler, giant center of Michigan State in 1933 and a member of the Green Bay Packer team for a short time last year, has been signed to play with the Packers again next season, it was announced today by Coach E.L. Lambeau. Butler showed promise of developing into a good pro in the few games he played with the Packers. He resigned to take a position with the federal government doing harbor survey and research work after playing the first four games here. He is six feet, two inches tall and weighs 224 pounds. The big center has arranged to get a leave of absence for the 1935 season so that he can return to the Packers, the coach said. Coach Lambeau left for Minneapolis this morning to confer with several members of the 1934 Minnesota team. He will return late Sunday or Monday and expects to be able to announced signing of a few members of the Gopher eleven.
PACKER CONTRIBUTIONS CONTINUE FUND GROWS
FEB 4 (Green Bay) - Contributions to the Green Bay Packer football club reorganization fund continued to come in today and indications are that others will be received within the next week or two, officers of the new corporation reported. A $5 donation was received from Dr. Q.C. Danielski this morning. Officers pointed out that all contributions are welcome and anyone who feels that he would like to help, should send in their contributions as soon as possible to Treasurer Frank J. Jonet or other officers.
$10 CONTRIBUTION TO PACKER FUND RECEIVED
FEB 5 (Green Bay) - A contribution of $10 to the Green Bay Packer reorganization fund was reported by the committee handling donations this morning. It was received from Fred J. Annen. Fans wishing to contribute to the fund that now is above the $12,000 mark are asked to get in touch with one of the officers or directors.
PACKERS SIGN IOWA VARSITY BLOCKING BACK
FEB 8 (Green Bay) - The Green Bay Packer remodeling program got underway today with receipt of the signed contract of Herman Schneidman, varsity halfback and quarterback from the University of Iowa for the past three years. Announcement of the signing of Schneidman was made today by Coach E.L. Lambeau. The young back is the first of a group of 1934 college stars to be added to the Green Bay roster to rebuild the squad into a championship contender. Many others are expected to be signed within the next few weeks, giving Green Bay one of the best and largest crop of new performers in the league...A BLOCKING BACK: Schneidman never got a great deal of publicity at Iowa as he never carried the ball. It was his job to play the blocking back position from a quarterback post, much like the system employed by the Packers last year with Buckets Goldenberg in the blocking quarterback position. The youth weighed 195 pounds and is five feet, eleven inches tall. He comes highly recommended by several Big Ten coaches and Joe Laws, Packer quarterback last year, who played with him two years at Iowa. In a communication to Coach Lambeau, Laws says that he is sure Schneidman can make the grade. "He is as good a blocker as any I have ever seen," writes Laws. "He is of the type that if he messes a block he likes the same play called over again so he can get his man, and he very seldom misses two times in a row. He is smart, a good tackler and good pass men, both on defense and offense."...OTHER DEALS PENDING: Several other deals are pending, the coach said, adding that he expected to complete negotiations very shortly with some of the outstanding linemen in the country. The coach plans to add several young, rugged players to the best of last year's squad, building a team that will be fast, aggressive and powerful. Subscriptions to the Packers' reorganization fund continued to come in today. A $10 donation was received today from Hy Smith. Fans who desire to subscribe are invited to send pledges and subscriptions to officers of the club.
LOOKING UP IN THE REALM OF SPORTS
FEB 8 (Green Bay) - Cotton Warburton, the Pacific coast flash signed by the Chicago Bears, was offered contracts by the Cardinals, Green Bay Packers and New York Giants. He told Coach Lambeau of the Packers, that the first club that offered him $5,000 per year could have his services. Evidently, the Bears met that figure. It's heavy sugar, and a lot more than he's worth as a player. He may be worth that much to the Bears, as a box office attraction, however, although it is doubtful as the average pro fan doesn't care a lot about names. He wants good football.
PACKER SUBSCRIPTIONS CONTINUE TO COME IN
FEB 9 (Green Bay) - Subscriptions to the Green Bay Packer reorganization fund continued to come in, it was announced by President Leland H. Joannes today. The Northwest Engineering company subscribed $250, the president reported. Tilken's Tavern turned in a subscription of $20 and Miss Sophie Beaumont $5.
$100 IS SUBSCRIBED TO PACKER FOOTBALL FUND
FEB 12 (Green Bay) - Another subscription to the Green Bay Packer reorganization fund was reported today by the committee in charge of the solicitation. The subscription was for $100 from the Cleveland Cliffs Iron company of Green Bay. Although no final figures are available, as subscriptions are still coming in, it is estimated that more than $12,000 has been raised, to reorganize the club and put it on a sound financial basis for the start of the 1935 season.
$12,416 SUBSCRIBED TO PACKER FOOTBALL CLUB REORGANIZATION FUND
FEB 14 (Green Bay) - Additional subscriptions to the Green Bay Packer football reorganization fund were reported today, bringing the total subscribed to date to $12,416, it was reported by President Leland H. Joannes. A subscription of $25 was received today from the Underwood Elliott Fisher company through E.A. Bodie, Green Bay manager. Another subscription of $2 was sent in by L.C. McGowan, Greenleaf, the president reported. It also was announced that the subscription listed for $50 from the Fairmont Creamery company should have been listed as that of Forest G. Plott. Other subscriptions are expected to help swell the fund, the president said. Anyone who wishes to subscribe is asked to get in touch with one of the officers of the reorganized club.