Despite the building and production of brewing and storage facilities, there were numerous issues that prevented the Mutual Brewing Company from success. One of the issues was purported to be financial trouble, but it is unclear as to whether this was the case. By the late summer of 1913, Mutual Brewing Company beer began to be distributed and manufactured consistently.
An interesting aspect of the history of the Mutual Brewing Company's early days was that a majority of the stockholders in the company were liquor store owners from St. Louis and the Metro East in Illinois. The beer that the Mutual Brewing Company produced was known for its golden bottles which also served as a main source of advertising.
Though initially successful, the fall of 1914 saw Mutual Brewing Company engaged in bankruptcy proceedings with the government. Those in charge of the brewery, it seemed, had not been truthful about what the company was earning. The proceedings were to include a certain P.H. Nolan who had been director of the American Brewers Association and a strong supporter of the Mutual Brewing Company. The pressure proved great enough that Nolan eventually committed suicide and left those in charge of the brewery to struggle with their debtors and the legal proceedings. By 1917, the brewery was required to use needed operating funds to satisfy debtors by court order, and the company eventually declared bankruptcy.