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Milton S. Hershey, creator of The Hershey Company, was a chocolate industrialist and had founded the town of Hershey, Pennsylvania. [8] On November 15, 1909, [9] he and his wife, Catherine Hershey, signed over a 486-acre (1.97 km 2) piece of farmland, forming the Hershey Industrial School. [10]
Milton S. Hershey, c. 1915 Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American chocolatier, businessman, and philanthropist.. Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk.
Catherine Sweeney Hershey was a known gardener and designed the gardens at her homes and the Milton Hershey School. Regardless of this, their marriage was seen as a successful and happy one. Especially when Hershey purchased a nearby home for his mother to move into (a tactic he would also employ when they moved to, and settled the town of ...
From 1930 to 1936, Milton Hershey had spent more than $10 million on building up Hershey, Pennsylvania, but he reduced hours of his employees and stopped paying annual bonuses. [ 3 ] : 218–219 In those six years, the Hershey Chocolate Corporation made more than $37 million in after-tax profits.
The trust was created in 1909 by a deed of trust from Milton and Catherine Hershey, granting 486 acres (197 ha) of land in Hershey for the establishment of the Milton Hershey School. [ 22 ] [ 23 ] In 1918, Milton Hershey quietly donated to the trust the bulk of his fortune, $60 million of stock in Hershey Chocolate Company (now the Hershey ...
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