The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1872-03-01

Fremont Car CompanY.-At a meet
ing of the stockholders of the Fremont Car
Manufacturing Company, held at the Office Of
Roberts & Sheldon, on Thursday afternoon,
Feb. 22d, 1872, James Justice was chosen
President, and W. B. Shne, Secretary of the
meeting. 1t was unanimously resolved that
the number of directors of the company shall
/ be five, and that they be at once elected, and
in pursuance Of an agreement of the stock
holders, waving the notice required by law,
an election was then held. the following per-
sons being chosen: W. B. Sheldon, Flavel s.
White, Ralph P. Buckland, James Wilson,
and L. Q. Rawson. It was then agreed that
the Directors should hold meeting at the
Court House, on Tuesday evening, the 9th,
to hear suggestions and proposals as to loca-
tion, &c. Meeting then adjourned.
After the adjournment of the stockholders
meeting, the Directors organized, and elected
W. B. Sheldon, President.
On Tuesday evening quite large and en-
thusiastic meeting was held at the Court
A@oAec- M D 1AOh1dAu We
and W. ". Slime Secretary. F. S. White was
called upon to present the object of the meet
ing, and the present situation of the project.
Mr.. White responded by saying that the pro-
ject was for the purpose of organizing STOCK
company for the manufacture OF railroad cars,
with nominal capital of 100000, but must
hive an actual capital of 100000 to begin
with. The subscriptions up to the present
time have reached $4,000 or sS5.OOO The
labor of raising the remaining $4,000 will be
attended with greater difficulty than the pro-
curing Of the amount already subscribed
0ne obstacle is in the way. Some men think
the success of the project a sure thing, and
such being the case they will let others lift the
load and when it is done they will step in and
reap the profit. In relation to this project
there is one certainty, its failure must surely
be disastrous. Our city has reached a point
where it must either move forward or go back
ward, and the movement in either direction
will be hastened by the success or failure of
this enterprise. II it fails, no other of a SINH
lar kind will be started, and in such event
s0ould not pay the assessed valitation of tara
tim for any property on our business streets
I had hoped to find that thu full amount
would have been subscribed before to night,
that we might be able to go on and consider
propositions for location, &c. One thing is
sure, every man who has an interest in our
city must put his shoulder to the wheel and
ba1r iy,f for fam ill -
the load, and unless this disposition is mani
tested the project must fail.
Gen. Buckland was called up and replied in
spirited manner substantially as follows:
fully endorse every word that has been
said in relation to this movement. 1 believe
if it proves successful it viii be the entrance
for other projects that will aid our growth as
a city. The history of such movements in
other places, where the citizens have united in
such projects, is that they have not only prov
ed successful, but other enterprises have fol-
lowed them. The success for one gives en-
eouragement for others. 1 have the fullest
faith that every dollar of the stock taken in
this company will prove a profitable invest
and are investing money iberally for their
improvement. Norwalk invested 100000 in
the Holley Water Works and are to-day real
izing the benefits in the advance in real estate,
the establishment of manufactures, &c. We
can build up better town here, if we will,
than there will be between Toledo and Cleve-
land. But to do this every man must assist.
1t is not for one man nor for a few men to do
it all Those who have property here and
elsewhere can go down with the place, if it
must be, but there is now an opportunity
presented such as has never before been of
fered, and 1 feel deep interest in having
Fremont become live city, not only pros
porous business point, but pleasant place to
live in, and such will it become if every man
takes hold Of this project, does himself, and
then influences others to do, ana we will make
this the largest city between Toledo and
Cleveland.
Dr. RawpOh was called for, ant ssId he had