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The Monarch Cement Company history
The Monarch Cement Company company history timeline
Construction would continue for more than a year, and in the meantime the company procured rooms above the old Humboldt National Bank for "up-town offices and sleeping rooms." In March 1908, the local newspaper reported, "The demand for stock is growing.
In 1911, some of Wulf's friends bought Monarch stock and induced him to invest in the company as well, claiming it was a "veritable gold mine." Wulf bought 20 shares at $100 a share.
His friends now persuaded the judge in charge of the matter to appoint Wulf as receiver, which was accomplished in March 1912.
In the spring of 1914, Wulf moved his family to Humboldt, and despite difficulties he managed to build up Monarch's business.
The Portland Cement Association awards an 8-foot-tall safety “trophy” (made of concrete, of course) to Monarch in recognition of a perfect safety record for the entire year of 1932.
In 1954, Monarch added a new shale crushing and drying plant, and a year later a new 9,375 kilowatt GE turbine and generator, along with the old 5,000 kilowatt generator, was installed in a new power plant building.
A second kiln equipment with a four-stage preheater was installed in 1974.
In 1997, Callahan stepped down as president and was succeeded by a third generation of the Wulf family, Walter H. Wulf, Jr.
The economy began to recover in the Midwest in 2004, resulting in a rebound on the sales side of the ledger, $145.1 million on the year, but net income was a disappointing $2.6 million.
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The Monarch Cement Company may also be known as or be related to MONARCH CEMENT CO, Monarch Cement Co, The Monarch Cement Co. and The Monarch Cement Company.