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Posted By: Frank Wakefield

Two stock certificates. Delong did the gum thing, just ever so slightly before Goudey, I think.





American Caramel was incorporated in 1898, a consolidation of the Breisch-Hine Co of Philly and the PC Wiest Co of York, PA. In 1900 Milton Hershey sold his Lancaster Caramel Co in Mount Joy for $1,000,000 to American Caramel. Hershey, with this cash, moved away from caramels and focused on chocolate, completing a new factory in 1905 at what is now Hershey.