Gilmore Cement
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Howard
and Leslie VanAlstine started the Portland Cement Company in 1911.
The operation was located one mile north of the city and proved to be
a be a successful business enterprise. Names associated with the
construction of the plant were McLaughlin, Lampher and Esslinger.
The
cement plant operated in three daily shifts and employed many people
from Gilmore City area. The plant made cement and shipped it to
various places. The company continued to prosper until the
Depression when the VanAlstines were forced to sell the plant to
General Hanford McNider from Mason City, Iowa. The proceeds of
the sale (one million dollars) enabled the VanAlstine brothers to pay
off the debts of the private bank they operated in Gilmore City that
had been forced to close at the same time.
In the early 1940's, the Brown-Straus Company of Kansas City
purchased the rights for all the metal in the cement plant, All
of the pumps, motors, and miscellaneous metals from the plant were
removed and it is rumored that Brown-Straus profits were a million
dollars.
The cement plants silos were
purchased by Cargill, Incorporated in 1946. Later the silos were
purchased by the Farmers Cooperative Company for grain storage.