The Superior times. [volume] (Superior, Wis.) 1870-1912, 1889-04-27

ploNod property INTO this company they
would not thereby part with their IN
terest IN Superior They would still be
owners and they would have voice in
the management of the united proper
ties, Tor, as he had said, the small own
ers would have representative among
the directors. AS for profits, the stock
would yield the largest 1t might rea-
sonably be expected that the stock,
when Issued, would be worth much
more than the property will now sell
for, and, Judging by results III other
places where large property interests
have thus been consolidated, the stock
WITHIN few years Will be worth ten
times its first cost.
Mr.. Walbridge, being invited to adj
dress the Chamber, said this was an
age OF combinations, and cited several
familiar instances of great advantages
gained by the consolidation of business
and property interests. We need not
concede that such combinations are
always just the right thing, but, be
ing In Rome we must do as the Rom
ans do;" having combinations all
around us to contend with, we must
unite to go ahead or continue to stand
still while others combine and pass by
us. 1t WAS unfortunate for old Supe-
rior that the original share holders di-
ylded the property SO that no one held
more than two lots in one place, for it
followed that no one could readily buy
enough property on which to plant any
large enterprise. 1t was perhaps more
unfortunate that those proprietors
were all nOn-residents and scattered
all over the country, for they could not
know the situation here, and they
could not act together for their own
good or for the good of the town. Now
that they are to be united and Will be
represented on the ground by man
agement authorized to act for all, man
ufactories and population can be
brought here by whatever inducements
are necessary. Mr.. Walbridge contin-
Ted at some length, stating facts with
in his personal observation, showing
the development and westward pro
gress of leading manufactures, the
sharp competition of localities in offer
ing sites and bonuses, and the gain of
communities from large employing i'll
duStrieS. In conclusion he expressed
his opinion that Superior is not lack
ing i'll natural advantages for manu-
features and his confident belief that
under the new order of things this SUI
perior Will rapidly increase in popula-
ton and become a manufacturing and
commercial centre of great import
ance.
Judge Roberts heartily approved the
plan Of consolidation. He could not
say that the nonresident owners were
wholly blamable for the conditions
which had prevailed in Superior. They
were mostly men of large affairs, to
whom their property in Superior was of
minor interest. Now that they were
to be united in stock company, with
a local manager devoted to the united
interest, We can hope for better things
for Superior, and that the enterprise
and liberality those gentlemen have
shown at their homes and III the occu-
pations to which they have been devOt-
ed, Will be manifested by their repre-
sentatives here. Resident property
holders will certainly cooperate with
the company and welcome its coming.
Mr.. Catlin lin the chair spoke a few
words in approval of the plan of organ
iZation and stated that his firm had
about concluded to put their Superior
property into the company. The i'm
p0rtance of such a union, strong and
wealthy, might be judged, he said, by
our recent need in the matter of the
attempted court house removal.
DR.. Laflitte recalled what the West
ern Land Association did for Duluth
in bringing the lumber industry there.
! Though that industry had since declin-
ed in Duluth and was now planted on
this side of the bays, yet it was the
foundation of Duluth's prosperity, as
the example of the Land Association
was the beginning of the characteristic
enterprise of that city. In this move
ment for consolidation of interests in
Superior, in his belief, lay the salvation
of our town.
Mr.. Butler said we needed popula-
/ ton and development and use of the
advantages of town site and harbor.
/ This movement promises Il certainty of
good results. He hoped the prelimina-
ry steps would be taken quickly, so
/ that as little as possible be lost out of
/ this season. The union of landed int
erests here would build up this town.
Mr.. BardOn moved that a commit
! tee of three be appointed by the chair,
| to canvass for local subscriptions to
| stock of the company; but asked to be
excused from serving on this commit
! tee, because he had all he could attend
/ to i'll dealing with nonresident owners.
1 The motion was adopted and the Chair
/ appointed Messrs. Roberts, smith and
/ OTIS to serve on the committee
THE MILL SITE.
In answer to inquiry Mr. Bardon
stated the substance of his latest
| communication with the representative
of the lumber company, who was well
satisfied with the prospect that the
matter Will be fayorably settled before
/ the end of June. The lumbermen We're
/ pleased to learn of the formation of the
! land company, and that all which they
! desire can so soon be reached through
/ that company. Mr.. Stinson is consid-
ering the ACCESSIBILITY of putting into
/ the company the tract of unplatted
/ land on Alloues Bay, part of which is
required for the mill site, and it is
hoped he will thus enable the land