The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1891-11-02
THE DE PAUwS NAY MOVE.
Alexandria, Ind, Bidding for the Immense
Plste-Gla Manu- featuring Establishment.

LOUISVILLE, Nov. 1.-The Commercial
prints the following this morning: The
DePsuw brothers, of New Albany. closed q
deal with land syndicate of Alexandria,
Ind. on Oct. Is. at indianapolis. that will
not only affect the commercial interests of
New Albany. but of southern Indiana. and
will possibly mean the movement Of the
glass-works from New Albany.
Alsxandria is one OF the boom towns Of
the gas region, and is in charge of this land
Syndicate. which owns two thousand acres
OF land in and near the place. In order TO
sell their lots they are making fancy offers
to many of the leading factories of the
country. and among others the DePauw
glass works, OF New Albany. They first
agree 70 give to the DePauw brothersevery
fifth lot of their plat, aggregatiDg slS0.000
In value. They also donate the site for the
wInd0w-glas department and the plate de-
partment. and agree to put Sl50.OO0 cash in
the plate department. against Sl50.0OO worth
of machinery by the DePauws. The De-
Pauws are given full control of the works
The DePauws are now buying up all of the
land they can near Alexandria, with the
idea of making big margin when the
boom comes. IL is not their plan to move
the works from New Albany immediately,
but to let it go gradually.
Ouly ONO DE0 III Inc WluuOW-QOu66 8b
New Albany has been started this year,
and the superintendent informed the men
last week that no more fires wOuld be
started at New Albany window-house un-
til next January. and probably not then,
and that in all probability the tire now on
men that the glass trade has been unusual
ly dull this season and that they had no
orders for the stock on hand.
The DePauw glass works at New Albany
~t.x-,
5000 men and women. 1t is the largest
factory In New Albany, and If It Is moved
away thousands of people will be- compelled
to leave the place. and the town will be
very badly crippled. Up to within q few
years ago the DePauw works was the only
one of its kind in the West, and has tor
years had the reputation of making the
finest glass OF any factory in the United
A number of the employees of the DePauw
glass orks, led by Messrs. Otis Roy, Will
lam Owens and Stanley Cox. have organ
ICED q stock company to erect glass orks
at Frankton, Ind, with a capital stock of
$4,000. The people of Frankton give nine
acres. free gas and $4,000 bonus to the
enterprise. The organization of the COM
pany Will be perfected in a few days, and 1t
is their intention to commence building
next February. and possibly sooner.
There is still another deal on In which L.
i. Pierce. superintendent of the plate de-
partment of the DePauw glass-works.
James Campbell. ex- president of the VIM
dow glass " orkers. and Z. n. Jones, of
Pittsburg. are interested. These men Will
form company to build q twenty pot
furnace at Anderson. Ind. with q capital
stock of $4,000. They have the plans of
the plant made. and will probably not COM
mence work until next spring.
The DePauws claim that there is no
trou BILE between the members of the tirni
and tho only reason why q change would
he made is on account of the fact that
or in the gas region than any place else on
account of the cheap fuel. Competition in
the glass trade IS very strong. and unless
they make some change like this they
would bo compelled 10 lose money.