The Democratic advocate. [volume] (Westminster, Md.) 1865-1972, 1878-11-09

PUBIC MEETING TO REVIVE THE Taylor
MANUFACTURING CoNPAxY's WoRKs-Pur-
suant TO call meeting was held in the Court
House on Friday evening, the LIST instant, TO
consider the question of reviving the Taylor
Manufacturing Company's Engine and Boiler
Works. About three hundred persons were
present, which indicated the deep interest
felt in the movement
The meeting was organized with DIR. Chas
Billiugslea, as President, +. o. Grimes and
Jas. A. G. Bond as Vice Presidents, and DR..
Rippard and w. II. Vanderford Secretaries
DIR. Billingslea stated the object Of the meet
ing, and Jas A. g. Bond opened the pro-
ceedings in a few remarks upon the Importance
of reviving and sustaining the enterprise. All
present, he said, we're of one opinion-lhe
reopening ofthe shops-and the best and most
expeditions plan was the question. He was
in favor of any measure which would secure
the object desired, and was ready to invest
$500 in the enterprise. Mr.. Bond then sub
mitted a plan for consideration, which, in
brief, was to appoint a committee 10 attend
the sale of the works and purchase them, first
having ascertained whether the city and coun-
" would sustain them.
ID. n. Henning followed, and favored a
conference with the trustees of the Taylor
Manufacturing Company, and its creditors,
and ascertain If a plan could not be consum-
mated by which the old Company could be
revived, by the creditors taking stock for the
amounts the Company was due them. To
destroy the old Company, he stated, would be
a severe blow at the works, and it would take
much time and trouble to put them in such
favor with the public as they had been.
Mr.. Bond replied that he did not wish to
destroy the old Company; that he had the
highest regard for the officers and directors,
Ill L.
ment Of the Company's affairs. He simply
desired to see the important industry resusci
tated, no matter what name the Company as
sumed, but thought new Company should
be formed which should be divorced from the
debts the establishment.
A. Fl. Huber, spoke of the benefits Of the
Taylor Manufacturing Company's Works to
the city, county and State, and offered the
following resolutions
J. Resotuod, That committee of six persons be
appointed by the Chair % arrange or devise plan
for the reopening of the Taylor Manufacturing Com
panys Works az early day as practicable, based
upon subscriptions from the citizens of Carroll county.
,. Resolved. That this committee, upon the per
feeting of said plan, Immediately thereafter wait
upon the citizens Of Carroll county and solicit sub
scriptions for putting il in operation
J. Resotred. That this committee be authorized
and empowered 10 confer with the trustees Of the
Company and the officers and directors thereof and
the principal creditors. whereby they may be eua-
bled 10 complete in all particulars the plan for the
immediate reopening OF the workn OF the Taylor
Manufacturing Company, upon whatever plan or
method to be agreed upon hereafter by said com
mittec.
l. Resoired. That the committee upon the COM
pletiOn of plan aud provisions OF the ID resolution,
call meeting OF the subscribers % the stock and all
other financially interested, and report the results
OF their action. the time Of the meeting 10 be desig
mated by the committee.
Before vote upon the resolutions was had,
Mr.. Bond accepted the resolutions in lieu of
his supgestions Cant p III Irving then took
the floor and spoke in similar line as Mr..
Henning. He thought the old Company
should be sustained, his plan being, IL FEAST
Bile, to solicit subscriptions and confer with
the creditors of the Company and induce
them, if possible, TO take stock for their
claims. The new stock to be preferred stock,
bearing six per cent. interest, the old stock 10
receive such dividends as the earnings of the
Company could declare, after six per cent.
was paid to the preferred, or new, stockhold-
ers. He spoke Of the affairs of the Company,
believed his plan could be carried out, was
willing to invest $1,000, and then favored the
adoption Of the resolutions reported by Mr.
Huber.
The resolutions received a unanimous vote,
whereupon the Chair appointed the following
gentlemen to fulfill the requests of the reso-
tons ~. X. Longwell, Granville S. Haines,
John Gloyd, Thomas Shepherd, John L.
Reifsnider and W. A. McKellip.
On motion the meeting adjourned. The
Gray's Band, composed largely of the EN-
ployees of the Taylor Manufacturing Compa-
ny, was present and rendered a number of airs
The committee 10 devise ways and means
are at work They have called for detailed
statement of the affairs of the Company, and
the secretary is busy preparing it.