, 1890-07-24
A GREAT INDUSTRY.
.-he Prospectus Of New Manu-
factory to Be Estab-
iishod Here.
Spokane wooien Company--Capital
Stock 100000, in 1000
Shares of $1oo Each.

The following is prospectus Of the
Spokane Woolen Company, which
has been organized in this city by
several prominent gentlemen, fore
most among whom has been MIR.
+. Lewis Clark, president OF the
exposition company. This pros
pectus will be printed in pamphlet
form and sent through the New Ep-
gland states.
1t Is proposed to establish four
set wooden mill in the city OF Spo-
kane Falls for the purpose of manu-
fact uring blankets, cassimeres, fian-
nels and knit goods.
A bond has been taken on lot D,
block II, Posts addition, from f. l..
Clark Tor 10000, for which the
owner will take s20,0 200 Of the capi-
tai stock of the company. A bond
has also been taken ON the adjoin-
ing lot dot 81 belonging to ii. Nj.
Moseley aud Mr.. Tryon at the same
price. These gentlemen agree to
take 81, 900 of the capital stock Of
the company and J. j. Browne will
take 5000 on this proposition,
these bonds to stand till August Is
for acceptance.
The Washington Power Company
agrees to deliver power, improved,
at $40 per horsepower per year on
the line of lot o, said power to be
taken from shaft. Said company
company also agrees to furnish free
water for washing purposes at the
same point.
IL is proposed to erect the mill
building proper on the Flume street
end of the properties, where various
side tracks will be laid leaving the
Post street frontage for subsequent
use. And the promoters believe this
frontage could be leased for store or
mechanical purpose, until IL Is re-
quired by the extension of the mill
business.
The subscription of stock will be
called for about as follows:
Ten per cent. shortly after incor-
poration.
Twenty-Five per cent. in three
months.
Twenty-Five per cent. in six
months.
Twenty-Five per cent. in seven
months.
Fifteen per cent. in twelve months.
The cost of erecting the necessary
building Will be about $4,000. and
the machinery can be equipped for
$4,000. These amounts added to
the purchase price of the lots, as
above. would leave of the capital
stock $40, 900. with the plant clear Of
indebtedness.
In asking subscriptions TO stock
In this enterprise, we give the fol-
lowing as some of the reasons for
thinking II will be profitable in
vestment.
In Eastern Washington there is
produced annually 10, 600, 900 pounds
Of wool, all Of which is shipped
East There being no woolen mill
in the state). There Is sold annu-
ally in Spokane Falls $50, 900 worth
of the class of goods intended to be
manufactured i'm this mill. Most of
the goods so sold are manufactured
in the Eastern states. If made here
there would be the saving of the
freight on the wool, and return of
the goods-no small item.
Surrounding Spokane Falls are
the mines of Ceur d'Alepe, Koete-
nal, Colville and Okanogan, which
will furnish a market for large guam
titles of woolen goods; added to
which Is a large field in Montana
and Idaho. These markets, together
with the local market, are sufficient
for largcs plant than Is at present
contemplated.
The price of labor will be about
the same as is paid East. while the
cost of power and water for washing
is less than can be furnished at any
known point Fuel for heating is
also cheap.
Mr.. Haswell, a gentleman oflarge
experience. and highly recommend
ed, oilers to take an interest in the
enterprise and manage the manu-
featuring department. He is fully
satisfied that from 10 to 20 per cent.
dividends can be made on the stock.
MIR. Charles Nj. Patterson, of this
.ity, who was at one time in charge
of the very successful Marysville
mills In California and is a sub
scriber to large block of the stock,
has consented to take the position of
business manager.
Notwithstanding the present de .
pressed condition of the wooden
business in the Eastern states, the
local condition is such that even
now it would be profitable to man
ufacture here.
Many persons come TO this state
looking for opportunities to invest
capital, which Investment they ex-
pect to give them employment. To
such we will say that TO any COM
petent office man taking IA reasona-
Bile block of stock a position can be
yivau