Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-01-19
MAY GO TO MARTINS FERRY.

Proposition of the Joseph Bell stove Com
pany Read at Meeting OF Citizens Last
Night
Last evening there was very enthu-
siastic meeting of citizens of Martins
Ferry at Commercial Hall in reference
to making an effort to induce the Joseph
Bell Stove Company to remove their
works to that city. The meeting was
called to order and Judge John Cochran
was selected as chairman of the meet
Ing and o. R. Wood secretary. Mr..
John Henderson read proposition from
the Stove Company, which was as fol-
lows:
"We would remove our business to the
city Of Martins Ferry, o., if sufficient
inducements were offered. We would
require the free gift to the company to
be organized Of five acres, elgibly stu
ated, as a manufacturing site. We
would require cash subscriptions to the
capital stock of said company Of not
less than 100000. The most OF this
would be used in the erection OF the
buildings necessary to the business and
in the removal thereto. We would form
a new corporation, to which We would
subscribe the sum of $50, 900. We would
expect the new company to take our
stock of material and other stock, man
ufactured and manufactured, our
machinery, patterns, &C., at the Valua-
ton of disinterested persons, as part OF
this stock, the balance we would make
good in cash on this basis. We would
remove all our manufacturing aud other
business to Martins Ferry, and would
continue and increase 1t there for all
there was in it, disseminating all manu-
featuring elsewhere. The new COM
pany would start entirely free from
debt and free from any connection or
obligation of any former business"
After this proposition was read, a
motion was made to appoint committee
of three to look after site for the COM
pany, and committee Of three to solicit
the $4,000 stock. Quite number OF
prominent business men spoke upon
the question in most encouraging way.
Among those who spoke was MIR. l..
Spence, OF Spence, Bags & Co., who
has been in the stove foundry business
for years. He said that the foundry
business is one of the best paying that a
man can invest his money in, and also
spoke very favorably Of the Company
that offered this proposition. 1t is I'M
derstood that Mr.. Spence is ready to
take big share of the $4,000 stock.
Judge Cochran, B. F, Brady, Benjamin
Exley, and Others, spoke very encour-
agingly, and thought that with little
effort the matter will be a go.
UThe Chairman appointed Messrs. l..
Spencer, T. II. Eicke and B. +. Brady
as a committee to select the two solicit
ing committees. The committee re-
tired for consultation, and then made
the following report: Committee on Sc
lecting Site, DR.. Hervey, j. T. Hanes
and Frank Sedgwicki Committee on So
Letting the 5000 Stock, Leroy Sedg-
wick, Geo. Smith, Benz. EXley, Jr., and
o. r. Wood. After the report Of the
committee the meeting adjourned, to
convene again at the call of the two
soliciting committees, which will be an
neunced through the papers. The
meeting was attended by nearly all Of
the representative business men Of Mar
tins Ferry, all of whom feel very hope
full of securing this large manufactur-
ing plant. The Company say they will
increase their present working force so
per cent.