The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-02-23
FOURTH edition
NEW WILMINGTON.
Business Men Meet and Boom the
Sleepy City-It's Needs Discussed and
the People asked to Arouse.

Business Men Meet and Boom the
Sleepy City-It's Needs Discussed and
the People asked to Arouse.
An enthusiastic meeting of business
men was held last night in the Build
ers' Exchange under the auspices OF
The Wilmington improvement Com
pany." The object of the meeting was
to lncite interest into fostering and
inviting new industries to the city.
Lindley Q. Kent, was elected presi-
dent and Arson A. Maher secretary.
The secretary roaG the minutes of the
last meeting, also the prospectus OF
the company.
The chair stated that he believed
Mr. Llwton had something of interest
to say to the meeting.
MIR. Lawton said that he had obtain
cd SOME data of the workings of u
similar company in the town OF Bristol
Company was organized in 1876 and
was success from the start. In 1850.
. the POPULATION of the town had In
creased from 5000 to $500 population,
ane now the population was in round
, numbers 5000.
! The property of the company con
slsts OF WOODEN factory, hose fac
tory and an iron mill. and Mt present
there were employed in them about
1000 persons, men, women and chill
dren, receiving good wages. The com
| pany built tho mills and charged tho
occupants ten per cent OF the cost as
rental. Up to the present time the
company has invested Sj550000 in
huitti lgs alone, and on this capital
the 81 oekholders received a dividend
1 OF v, per cent.
He also referred to glass chimney
company that wanted to locate here.
but no Inducements could be offered
to get them.
| They liked Wilmington, its location
and advantages. 1t located at Pitts
4 burgh and has become one of the great
manufacturing concerns OF that city
1t was apparently small concern,
but at the present time it pays out
one third more wages than the Harlan
and liollinR5wofth Company, and the
highest priced article it manufactures
Is a 25-cent chimney. Chester, Pa, Mr..
lawton said, was increasing in popu-
latlon, two to our one compared to
Wilmington, on account OF her diyersi.
fled industries.
| ID. w. Taylor said the subject was
one dear TO his heart. II the people
get Interested In this matter it will
go, What we want Is concerted ac-
ton. II the Board of Trade ono year
ago had only received one-half the
encouragement, that this enterprise Is
now receiving, Wilmington would have
been farther advanced.
William Is. Clerk gave history OF
some OF the difficulties he had to con
tend with when he first came here. By
hard persuasion, however. he was al
lowed to occupy building free OF
rent the first year, paid some rent the
second year and the third year he paiI
full rent.
A good many manufacturers would
come here and ask for no capital. AL
they wanted was to get a place rent
free until they got established.
Mr., Lawton said that the Board oil
Trade had applications from severa
large firms. bat the first question asked
was What can you do for usy' Hav
Ing no Inducements to offer no reply
to other cities. The Board had pub
lished a book and sent it out.
II called attention to Wllmingtont
advantages, but when any body woult
apply no encouragement could b,
given because there WIS nothing u
give. 1t was like running stor
without anything In it.
j. b. BELL, OF the Sunday Star, refer
red to parties who had real estate I,
give at low prices in the eastern par
OF the city and all that was wanted
was the interest on the amount.
Mr.. 4. ID. Warner was apprehenslvf
that the matter was not properly ad
iu5ted. II was not the intention of tn
company to go into speculation and i
would 10 mistake to enter Into tn
spirit of the meeting in anticipation o
personal gains, 1t was public spirit
ed movement and no one should O.
poet per cent, dividend at the en-
piration of one year He Thought
. was necessary to go into an expense q
$1,000 or 5000 iii judicial advertising.
a. 5. Rood thought that $1,000 coul
be spent in legitimate advertising,
MI Taylor thought that while ad
vertising tho company should be in
condition TO handle the inst man tina
comes along.
Other remarks were made by Mil
". Locke Wilmer Palmer George !
Elliott, w. L. Smalley and Charles /
Simmons.
Mayor Wiley senthis regrets. bein
: unable to attend owing to the Troo
4 u reception.
\ Bishop Coleman also sent lette
y ragrrtting his inability TO he present
but that he was heart and soul in til
, movement.
Edward Addicks sent letters sayin
: he would subscribe for 100 shares.
AS tho prospectus prohibited any on
person from subscribing for NOR
than % shares, objections We're lniid
TO Mr.. Addic.t5' large subscription
wiien Mr.. Mitchell Withdrew tho lett,
and subscribed for the nominal nun
Der OF shares
The meeting adjourned to meet {
the call OF the COMMITTEES. Abon
5000 huye been subscribed, and d
soon as $4,000 are subscribed IL
company Will commence opera ton
= 'Tell, pure drugs, 9th and Poplar.