News: Medford Brewing Company (22 Feb 1940)
Contact: Robert Lipprandt
Surnames: Lanser, Meyer, Young
----Source: The Star News (Medford, WI) 2/26/2015
First published in the Star News, 22 Feb 1940
The revival of a Medford business, dead for more than four years, was seen this week as arrangements were completed for the sale of the Medford brewery.
E. J. Young, Rice Lake, and George H. Lanser of Portland, Oregon, have purchased the concern and will consider operations as soon as the total required capitol is subscribe for, according to George Meyer, who was instrumental in bringing the two parties together.
As explained by Meyer, the two men will invest $10,000 of their own capital, providing an additional $5,000 can be obtained through the sale of 5 per cent preferred stock, to be purchased by local citizens.
In addition, the Pauley corporation, which assumed the mortgage at the time the brewery was first organized, has taken a new loan of $8,000, which will represent a first lien on the property.
Meyer explained that the old lien would be paid off from the proceeds of the sale. The property was appraised last July at about $48,000.
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