Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1889-02-01

furniture, some only make beds, some
chairs, some chamber SUITS sc. The great
majority of the furniture sold outside OF
! the large cities is low-priced-say $50 for a
set of three pieces. This factory will make
walnut furniture. plenty of walnut can be
gotten in this section. Oak furniture IS
now all the rage. and it will make that,
for oak is all over this country. We can
buy poplar here at $12 to SIS, which costs
the manufacturers in Baltimore $22.
A member-How about the maximum
capital of $4,000.
Mr.. Hyer-Al who have become inter-
ested in this enterprise have agreed that
| the capital should be at least 500 900. A
good margin for working pital is needed.
1t would be much worse to start an enter
prise and then by cramping it at the start
make it fail in the end, than it would DO
to have let the enterprise alone altogether.
1t would be bad for Staunton to have her
first popular enterprise fall.
Mr.. Tams-I think all will agree that
500, 600 is not too much.
Mr.. 1. Witz--There will be no trouble
about raising che $40. 900 if Mr.. Luppert's
statements tomorrow night are satlsfac-
tory.
Mr.. Hyer here exhibited two beds, one
from the Lexington factory and one from
the Ronceverte factory, the superior and
more attractive appearance of the latter.
which is sold at lower price, creating
strong feeling of confidence in the Ron
ceverte manufacture.
On motion the meeting adjourned till
last night.
THE MEETING LAST NIGHT.
Last night the meeting reassembled
with Chairman Tams in the chair.
Mr.. George Luppert, who had arrived
on the evening train, was present. He ex-
planned that with the factory at Romeo
verte he found that the freights would
take all the profits off. Had been in Staun-
ton once before and it struck him, with its
two roads, as good place. The factory
has an immense trade with New York in
bedsteads and needed competition in
freights to reach there.
There is plenty Of oak around Staun-
ton and poplar can be got here at very low
rates. The dimension machinery has
been used for year and half, but the
special furniture machinery has only been
in use for six months. We propose to
bring much more machinery here than is
now at Ronceverte and to make all sorts
of furniture. Here we have an advantage
,tn had mn
Ronceverte. He proposed to put up all
the machinery, start it running, and make
furniture here before he asked the COM
pany to take the plant. In Williamsport
our orders are ahead of our facilities. and
so it would be in Staunton. The work.
men make from ST. so to $500 day.
The lumber around Willlamsport is ex.
hausted and pretty much all we get is from
100 to $50 miles off. If you could start
to-day in Stanton, my Williamsport fac
tory would give you $4,000 worth of Or
ders. I would always do that as my money
would be invested here.
After everything is paid for and up.
working stock in and all. there ought to be
SIS, 900 cash in the bank as working capital.
He thought that we ought to have $24 900
at least to start with. The sum of 500 600,
however, can start it. and if 1t is managed
we'll and the debts collected up. no more
money would be needed.
When Mr.. Luppert closed, on motion of
Col. Shields, the Chairman appointed
committee of to confer with Mr.. Luppert
uext Monday and report to meet
ing to be held Monday night next at the
same place. The Chair appointed Messrs.
McQuaide. Hyer, Mcfarland, Lickliter
and Wilkes. Adjourned.