Clarksville weekly chronicle. (Clarksville, Tenn.) 1873-1890, 1883-12-01
MALLEA5LE IRoE WORKS.
Prospective Manufacturing Enterprise for
Ci1rksvsHe.

Gerry Court room Monday night to
consider proposition from the
Malleable Iron Works of Cincinnati
to move to this place. The meeting
was called to order at o'clock by
Judge Chas. G. Smith, and III. C.
Merritt, Esq, was elected chair
man.
Mr.. Merritt asked Judge Smith
to state the object of the meeting,
as he was better able to do so than
the chairman.
Judge Smith stated that the NAL
leable Iron Works had made a. prop
ositiOn through Mr.. HosfOrd, to the
people of GAINESVILLE, that this meet
ing was called, not to act on the
the proposition finally, but for the
business men to confer in that re-
gard and consider the inducements
that the proposition offered. Among
those present he noticed some prac-
teal iron men whom he supposed
could inform the meeting as to the
merits OF such a mandatory and
whether it was worth while to try
to secure it for GAINESVILLE. Mr..
Hosford was personally acquainted
with some of the managers of the
Company that had made the propo-
sitiOn and was well acquainted with
its terms, he therefore proposed that
Mr.. Hosford read the proposition
and other papers bearing on that
subject and explain them to the
meeting.
Mr.. Hosford stated that while in
Cincinnati some time ago one of
the managers of the Malleable Iron
Works had informed him of their
intention to leave Cincinnati and
that he suggested GAINESVILLE as a
good place to move TO. II was on
that suggestion that the proposition
was made. He submitted it to
some of the business men of this
place but as it had not been acted
on he supposed the movement had
fallen through. About two weeks
ago he had letter from the gentle
man mentioned above asking him
(Mr. Hosford) to meet him in Chat
tanooga. He did so, and travelled
with him to Birmingham. The
proposition was then renewed
which would be presented to the
meeting. The Company will leave
Cincinnati by the first of January
and go either to Nashville, Detroit,
Mich, or this place.
THE PROPOSITION
is, substantially, that GAINESVILLE
contribute $37 800 for half interest
in the new enterprise to be estab-
lished here, to which the Company
will add its plant, valued at $40, 235
Mr.. HosfOrd read the skedule of
property belonging to the Company
and explained the value and i'm
portance of each item. The compa-
ny has several valuable patents,
one on Kneeling furnace on
which they have been offered roy
atty of 81 900 and another on a fire.
brick that stands high degree of
heat. They possess the secret of
making and moulding malleable
iron that is known only to them
and is very valuable. Mr.. HOsford
stated further, on being Intercepted
by Mr.. Macrae, that malleabIe iron
works are generally profitable and
that no branch of the iron business
could be started in a town like
GAINESVILLE that would pay better.
Mr.. Polk johnson wanted to
know what advantage to the town
in the way of adding to its popula-
ton the removal of the iron works
to GAINESVILLE would effect.
Mr.. Hosford announced that they
proposed to start with 80 moulders,
and each of them would probably
have family, that it might be
safely calculated that the total num-
Der of laborers connected with it at
the beginning would be at least so,
and that would bring 60 new fami-
lies to the town and the number
would be increased as the business
of the company was extended.
The Company's object in leaving
Cincinnati Is to get nearer to ore
beds and the removal is also caused |
by the fact that they were flooded |
last spring and fear another over
flow.
Judge Smith stated that Major |
Gordon felt deep interest in the |
and would have been
present if circumstances had per-
that the Major had author
lied him to say that he would assist |
in the enterprise and would do what |
he could towards making cheap |
rates, &c.
a number of other gentlemen ex-
pressed themselves as favOring the
and finally Mr.. Whitfield,
Mr.. Hosford and Mr.. A. r. Hall |
were appointed a committee to go
to Cincinnati and inspect the works
and report to an adjourned meeting.
Twas resolved that Capt. Frank
Gracey be requested to confer with
the l.. d N. railroad in regard to
transportation. After this it was
to raise fund of 500 to
pay the expenses of the committee
10 Cincinnati, and $50 of the amount
was subscribed by those present.
The meeting then adjourned.
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