The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1892-02-19
Held at City Hall Last Night in
the Interest Of the Young
Business Hen Of Mankat0.
A Motion Unanimously Adopted
FayOring the Organizing OF
an One Hundred Thousand
Dollar Stock Company.
An Adjourned Meeting to be held in
the Armory on Tuesday Night,
Feb. Is. at Half Past Seven
O'clock.

Wlen MI. SHOGmdk6T, vice pTeSl-
dent of the Board of Trade, called the
assembly to order Friday night at
O'Clock in the room at the city hall,
every available space was filled by
those who had responded to the call.
A great many stood in the adjoining
room and those who could not get
within hearing distance, went away
disappointed in the fact that the
meeting had not been held in a larger
room. There was enthusiasm from
the start, of kind that we think,
meant business. Mr.. Isidor Longini
one of the committee appointed by
the Board Of Trade, arose at the re-
quest of the chairman and stated that
the object and purpose of the meet
ing was to consider the subject Of an
organization of young men, whose
aim shall be to advance the interests
of trade and manufactures, and to
develope and advertise the natural
taken his seat, Gen. e. M. Pope was
called for and in a bright, clear and
distinct manner laid down a plan
that had been suggested as a feasible
one and one that would work great
benefit to Mankato and at the same
time prove benefit to all who went
into the scheme. In his opening re-
marks he said that the Board Of
Trade realized that their scope of use
fulneSS should be widened-that it
should cover more ground. In speak
ing of Mankato. he said: During
mytWenty years as a resident Of Man
kato have watched it grow up from
half its present size. Blue Earth soil
cannot be surpassed anywhere. No
city in Minnesota, probably in the
Northwest, can be compared to Man
kato as distributing point for pro-
ducts of the soil. We have grown
steadily, but we have now reached a
point where we will grow slowly, I'M
less we push some scheme through and
make q success of it. Some men here
have said to me that they were ready
to invest few thousand dollars if
there were responsible men at the
back of it to look after it, as they
were too busy to look after it them
selves. Assuming that you are in
sympathy with this movement [ will
submit the proposed plan to you. 1t
is that we organize an incOrpOrative
company the amount Of stock to be
100000, more or less as is thought
advisab bic. Each share to be $50.
The first payment to be say five
per cent. and all other assessments
to be from to per cent. as may be
determined. The directory should be
large one, not less than fifteen. The
idea is not to contine ourselves in
getting manufacturing institutions
here from distance but also to en-
courage and help those that are here.
Mr.. II. P. Christensen was called
upon for speech. He took the floor
and said it was no time for speech
making, it was time for business, for
ClSblOh' ULClC was IO
more feasible plan than that suggest
ed by Gen. Pope and followed it up by
saying that he thought it a practical
plan. The next man called upon was
Mr. G. A. Everhart, of the firm of c..
a. Everhart & Co. He too conceded
with the views and plans as suggest
ed by the committee through Gen.
Pope.
Mr.. George Pass, although suffering
with a sore throat obtained the floor
and spoke enthusiastically of the idea
as suggested by the committee and
said that he considered it good one
To the call of a number of persons in
the audience, Mr.. G. II. Higgs arose
and in part said: The Board
of Trade is and has been
hampered to certain extent.
Some people have complained because
it don't set the world on fire.
admit it has not done great
things, but after all it has done
well considering the lack of funds.
What we need is an organization that
we can go to and get some money
when we want it. The plan as sug-
gested by Gen. Pope is very feasible
one. 1t seems to me as though it
ought to be practicable. If such an
organization is in existence and men
come to our city and want to locate
some manufacturing concern here,
the officers can talk business to them,
if there is money in the treasury. In
my opinion such an organization as
has been spoken of would prove a
grand thing"
At the conclusion of Mr.. Higgs'
speech, Gen. Pope again obtained the