The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1890-04-05
business Men,

Nearly one hundred business men
met in the court house Friday night In
response to the call published in Tues
DAVIS FREE TRADER, to re-Organize
the old Business Mems Association,
and take advantage Of the Opportuni-
ties offered for the advancement or
the interests of Ottawa.
Hon. Henry Mayo called the meet
ing to order, and stated its objects.
Mr.. ii. M. Hamilton was elected pres
ident, Mr.. Mayo vice president, Mr..
Lorenzo Leland secretary, and Mr..
Ben. Hess treasurer.
1t was suggested that board Of di-
rectors be elected, but Mr.. Mayo, who
presided, Mr.. Hamilton being absent,
stated that there was no provision In
the articles of association for board
of directors, and that II such action
was considered necessary the articles
of association must be amended.
Mr.. +. A. Nattinger presented res
olution that the association be organ
lied upon a business basis, by making
it a stock corporation.
Mr.. Samuel Nicholson moved an
amendment that the chair appoint a
committee of three to prepare an
amendment to the articles of associa-
ton so as to change from the present
to stock organization.
| Capt. II. G. Fullerton said that the
proposed resolution amounted TO a
cOmmittal of all who voted for 1T to a
stock organization, and desired to hear
from the gentlemen present as TO It's
merits.
He was heartily in favor of it as, in
stead of vague, misty organization
now existing, it would produce an as
ISOLATION capable of making agree
ments and contracts, and OF sufficient
pecuniary dignity to insure the re-
spect of manufacturers.
MR.. A. Kendall was an enthusiast
in the cause of forming a stock COM
pany: said he: Its the thing tn do"
Mr.. +. De la Chappelle said that
when he came to Ottawa he was cOrdi-
ally received by the business men, but
did not see any one with whom to
talk business. He would have been
better satisfied had he been met by
committee with some show of author
ity. He was very much In favor or
stock company.
Mr.. Andrew Lynch-If we organize
under the general law, we can raise
sufficient money to push our projects
to successful issue. 1t Is really
necessary to raise $500 or larger
amount in order to make a respectable
appearance. The present organization
is so uncertain that no good can come
out of it. The only rational way OF
procedure is to organize under the
State law. This can be accomplished
Immediately. My Judgment is that 1t
should be done at once. have plan
by which, if we were now organized
. under the general law, we could secure
the presence of one hundred manufac.
turers as visitors and probable invest
ors in Ottawa during the next twelve
months. The parties benefited by
Ottawa's growth are the parties who
should contribute to a bonus fund
Under the existing state of affairs
the locations being equal, industries
are asking for bonuses. In that cast
we would have bonus fund, so that
when an industry offers itself all WI
would need do would be to draw upOr
our fund to pay the required bonus
The real estate Is the real beneficiary
: The trades receive very uncertain
: benefit, because with additional pOpu
latiOn would come additional cOmpe
tition. We have a, 1906 lots IN Ottawa
One-half of which are unimprOved
The increasing population, demand
ing homes, would increase the value o.
these lots and enhance the value Of
the improved places. Let each owner
} of lot pay $40, say, and fund O.
, S43, 900 would materialiZe. Thus {
fund of from $4,000 to $4,000 coult
readily be raised. We could Offe
manufacturers such bonus as deemed
proper, say an amount equal to 10 pc
cent. of their paid-in capital stock
Besides, we would be in position II
. advertise to the world that we wer'
ready to receive proposals from manu-
facturers at any time. You can ar
range the organization of stock as
: ISOLATION Immediately. This is a mer'
presentment of the idea, but you cal
r gather what l wish to suggest.
Mr.. Nicholson stated that Mr. Nat
finger and himself had agreed upoI
resolution that committee of three
7 be appointed by the chair to prepar
the necessary papers for transmission
to Springfield to secure licence 70
incorporation and report at the mex
, meeting.
, Mr.. Porter said that the original as
, ISOLATION had done some little good
: but yet it had not been heavy drail
: upon the city. He suggested that
: syndicate might be formed to buy vi
200 or 300 acres Of land, either east o
7 west of the city, divide it up int
: town lots, sell them and thus raise ;
bonus. He wanted the present organ
ization continued until the stock or
ganizatiOn could be formed.
Mr.. Mayo very much favored tn
{ idea and said that Ottawa needed al
t association behind which there wa
8 something beside wind.
. The Nicholson Nattinger resOlu
, tions were put and carried, and tn
chair appointed Messrs. Nicholson
, Fullerton and Lynch committee u
, prepare the proposed papers. Tn
. committee was instructed to report a
meeting to be held Friday evening
. April IL, if not sooner called.
Among those present were: Messrs
De la Chappelle, Fiske, Lynch, Col
} well, Reed, Hull, HapemaD,, Fuller
ton, Cullen, Strawn, Weis, Hess, LIE
3 land, Titus, Porter, Armstrong, Zim
, norman, Thomas, Leland, BEEN
? Baldwin, Nicholson, McMullen, Hess