The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1879-10-18
rhe II. u. sriIsc mnnusnctory.

Mr.. c. +. Surtevant, OF New York, who
represents the patentee Of the railroad spike
which it has been prosposed to manufacture
in this borough, was at the Exchange hotel
OH Monday evening, where he invited a con-
sul.ation Of capitalists. Quite a number Of
our prominent business men met him, and
heard the propositions which he had to
make relative to the merits of the spike, and
the plan proposed for a stock company to
manufacture it. OF the merits of the spike
over those now in use there is little question,
and this will give the manufactured article
a decided advantage in competing for trade
in the market. Based upon encouragements
received from certain business men here,
stock company was formed and incorporated
a few days ago, under the provisions of tho
laws of the State of New York, with nomi-
nal capital stock of 100000. The incor-
porate name is the National Spike Manu-
featuring Co.; it is to do business in the city of
New York, with branch Of its business in
Lehghton, Pa. The entire management
of the concerns Of the company, for the pc
riod of one year from the 18th OF September,
1879, shall be vested in George L. Trembly,
Henry w. Carr, F. p. Weber, and c. f.
Sturtevant. Our people are called upon to
take $52, 900 worth of this stock to furnish
all the money to establish and equip
mandatory here. The remaining $4S,000
worth of stock is asked for by Mr.. Sturte-
want in consideration of the patent, etc.
Mr.. Sturtevant showed by documentary ev-
idence, that the supply of railroad spikes in
the market is not equal to the demand, and
that some railroad men will prefer his
TO the ones now in use. Amos Reigel, W.
II. Stroh and Gen. Albright offer to donate
to the Company one acre Of tract of land
on the flats, on which to erect factory.
Those present were pleased with a first
glance at the prospect, aud Daniel Olewine,
Esq, and Gen. Chas. Albright we've APP
pointed Il committee to solicit subscriptions
to the stock If the company can be di-
vested of one or two Objectionable features
can be trimmed down to a home bred in
stitution-the current opinion is that our
capitalists will take hold of it. The propo-
sition is to start on a small scale, employing
only twelve or fifteen men. If this venture
should be brought to successful issue it
will show our people how easily light man
ufactories can be started with small capital,
with little enterprise to encourage the
matter into life. Such concerns should dot
the Lehigh valley at every hands-turn; and
it makes little difference whether the arti-
cles made are patented or not. The thou
sands of useful articles that enter into the
trade of Philadelphia and New York, and
that consume in their manufacture coal and
iron, either or both, and employing the
labor of men and women, can be manufac
tured here and sold there at profit Who
can doubt that nail factory making com
mon railroad spikes also, started in Lehigh-
ton, would pay, if commenced with IA cash
capital of SIS, 900; but such an investment
could scarcely be expected to pay interest
on 100000. Such things SAVIOR too strongly
of Aladdin and his Wonderful Lamp.