The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1872-03-08
MANUFACTURES
Enthusiastic Meeting at the Court
House on Monday Bvening-Inter-
ests of the Fremont Car Company
Discussed


The adjourned meeting in the interest of
the Car Company, on Monday evening, called
out sufficient number of people from the
city and country, to ELL the court room to its
utmost capacity. A spirit of enthusiastic de-
termination accompanied all that was
slid and done, and evidenced that the enter
prise which our citizens have laid hold of is
marching successfully forward. At the last
meeting committees were appointed to solicit
subscriptions to stock. Their book were re-
turned and report made by the secretary of
the meeting, as follows: First Ward, $500.
Second Ward, $500. Third Ward, $1,000.
Outside the city, $1,000, making the whole
amount of stock subscribed, up to that time,
$4,000
There being no further business 10 dispose
Of, the brethren were invited to "tell how they
felt" The first gentleman called upon was
W B. Sheldon, President of the company.
He said; 1t was proposed at the last meeting,
that If ono hundred thousand dollars could be
raised, tie company would go on with the
works. This has been done, and the success
Of tile project is insured, but the stock holders
have decided to raise the amount to at least
one hundred and fifty thousand dollarsS This
amount may not bo collected in ~, perhaps
not in '73. Probably not more than forty or
fifty per cent of the amount subscribed will be
collected in 70, but it was desirable to com
menee with sum sufficient to meet any en-
orgencies that may arise. To do this, those
who have been cooperating in the work must
continue their efforts, and help lift the list to
the desired amount. In regard to location,
there should be no serious difficulty, although
it is an important question. The directors are
now ready and viii be glad to hear any pro-
posals IN respect to this matter There are
various interests which give rise to proposals
for the location of the works, and these are to
be made and considered. The directors desire
to locate the works where the company may
reap the largest benefit.
Col J. r. Bartlett said he had not given
the subject as much attention as had some
others, and was not prepared to speak as ad-
visedly as those who had given the matter
thorough study. The large number of people
present indicated how deep an interest is felt
in the success of the present enterprise. For
number OF years our city had lain compara-
lively still, until now necessity had compelled
US to adopt some measures for our advance
ment.. The time had been when the trade and
commerce Of the place drew upon the agricul-
ture Of the surrounding country for its sup
port, but other small business centers had
sprung up around US, and our trade had been
cut off We have felt the effects of this, and
the necessity Of resorting to other sources of
growth mas become apparent. Il is neces-
sary to do something to attract population by
giving employment to mechanics and laboring
men. The project now being urged, is an en-
tariGg wedge and in the path of its success
others will surely follow. In all enterprises
of this kind, it is vitality essential that we con-
centrate our efforts IN one direction, and not
scatter them in various channels. As to this
particular interest, the very best guarantee
Of It's ultimate success is III the men who stand
at its head. Thoy are men who have had a
successful business experience among US, and
the fact that they are giving it their money
and personal attention, is a sufficient guaran-
tee that it viii be made a success. 1t is often
suggested that those men who have made
cir money here should invest it here. This
NAV be true to certain extent, but when
thew do tGke hold others should unto with
them and assist. Young men, and those who
have not property at command, but who are
earning wages, can make good investment
and place themselves III situation to accu-
mulate, by securing what stock they are able
to, and in this way make an investment that
viii prove profitable. In regard to capital
a sufficient amount should be raised to provide
for any contingencies that may at any time
arise. Nothing casts such discredit upon IN
enterprise of this kind, as the attempt to do
business on insufficient capital. Ii the full
anountis pledged, then so much Of it may be
called in a. such times as it is nseded, and tho
project viii rest upon =. sure pesls' AnOtnei
thing, it is not exclusively the cl.... " 'es'
ine's men within the corporate limits Of this