St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-12-14
Another Large Manufacturing
Plant to Be Established in
st. Paul.
The st. Paul Stove Company,
Capital 100000, to EN-
ploy $50 Men.
st. Paul Capitalists Buy the
Cincinnati Plant Of Red
way & Burton.
The New Concern to Build and
Be in Operation by the
First Of June.

Among the new manufacturing in
dustries soon to be added to st. Paul
none will be of more material benefit to
the city and community than the st.
Paul Stove company's plant. The
names of such men as Farwel, Castle,
HendrickSon, Dawson. Stickney, Schef-
fer and Prince are sufficient guarantee
of the financial and business strength
OF the new corporation. which will have
capital stock of 100000 and give en-
plOyment to upwards of 800 men. The
deal was closed Friday by which the
new company, as soon as organized, will
assume control Of the immense plant
and business of Redway & Burton. of
Cincinnati, manufacturers of the famous
''Early Breakfast cook stoves and
ranges. The purchase, made by num-
Der of capitalists, pending the forma-
tion of the new company. includes ev-
erything but the buildings, and
rounds up not only all the pat
terms and materials, but large and
prosperous business. which will be re-
moved to st. Paul. Redway & Burton
began fiusiness in 1849 with capital of
s., 900, and now retire with fortune of
over S75O,OO0. Their large trade in the
Northwest will not only be retained
here. but will be increased, the transfer
even including travelling statesmen and
agents.
Negotiations looking to this purchase
have been pending for several months.
The adaptability of this location was
first thoroughly considered and opposed
by the industrial bureau. and then two
committees went successively to Gin
clnnati to examine the plant and busi-
ness. Capt. I'll. A. Castle and E. A.
Rendrickson first went, and in the sec
ond trip were joined by George T. Far
well. Redway & Burton them came
to st. Paul, and the deal was
closed. 1t is no bonus affair,
but an outright purchase of a
legitimate manufacturing business.
Books have been opened and nearly
$150,000 of paid up subscriptions Sc
cured. George T. Farwell, the head of
the largest Stockholder.a and will be busi-
ness manager. M. r. Prendergast, who
has large experience in this line, will
have charge of the manufacturing de-
partment. A large number of skilled
molders and heads of departments will
be imported from the works at Cincin-
natl. About 125 men will be employed
at the outset, and when the expected
business warrants it, the number will
be increased to above $50. Everything
will remain in Cincinnati until about
June 1, when it is expected the build
ings at st. Paul will be ready for occu-
pancy.
The location has not yet been de-
cided upon, though half dozen eligible
ones have been offered. The Manu-
facturers' Investment company has
taken $4,000 stock, and A. B. Stickney
will. probably, double that if the
foundry goes to South st. Paul. North
st. Paul offers inducements for the
location, and the same may be said of
sites near the Bohn Manufacturing
company, one on Rice street and two in
the Midway district. The location will
be determined practically before the
corporation is perfected.
Capt. Castle said yesterday that it had
been satisfactorily proved that stoves
could be profitably manufactured here.
The cost of the transportation of metal
and coke was less than of stoves, to say
nothing of breakage. And it is signit-
cant that this enterprise is but one OF
several involving the manufacture of
1ronware at ST. Paul, opening up new
and important industry that can but be
of benefit TO st. Paul and the state of
Minnesota.