Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1892-03-17
AN OPEN LETTER.
From the Trustees of the .'Industrinl I'm.
provement Company of This City.


WILMINGTON, DEL, March 8, 1S92.---
SIR: In the interest of the city of Will
mington, we ask your considcrate atten-
ton to this open letter.
The Industrial Improvement Com
pany Of Wilmington, Del. has been or
ganized for the sole purpose of increas.
ing the business prosperity of our city
by the addition of new industries and
commercial houses. 1t proposes 10 do
this by systematically advertising the
general advantages of our location and
our facilities for the economical tran.
saction of business, and in connection
with this to present to applicants seek
ing new sites, such statistics of our city
as would naturally interest them.
We propose IN every way proper and
possible to establish confidence in the
good intentions Of this company by
proving in our actions that the interests
Of such applicants arc as carefully
guarded as if they were our own.
BY attractive advertising in trade
journals or other suitable channels, we
shall do our best TO induce correspond
ence, and then to render every assist
ance in our power to secure a location
on suitable property and satisfactory
terms.
1t may, in the course of time, be a
necessary development of our company
to supply needed capital to limited
extent, or to act as a medium for the in
vestment of local capital in such new
enterprises, but this will not be done
except where absolutely necessary 10
secure a valuable industry, and only
then when considerations of safety, &C.,
have been fully investigated.
Our mission is in no sense speculative
and our whole duty rests in systemati-
cally and continuously presenting our
city and its advantages to the people of
other states.
For the first year there will be no ex
pense for management, nor for office
rent. We will, however, need money
to pay for advertising, stamps and
stationery, and to print our literature.
To secure this, as well as to be prepared
to supply capital where necessary and
dcsireable, we solicit subscriptions "
our capital stock, and, to make the in
terest more general and the personal
investment small, we have deemed best
to limit any one subscription so that it
will not exceed 25 shares of $40 each.
We shall endeavor to obtain subscrip-
tions of S25,000, but will begin opera
tions when $4,000 have been signed
for. For advertising and all other needs
outside the supply Of capital, but a
small percentage need be called in for
sometime to come.
In the interest of our city, we ask you
not only to subscribe as nearly as pos
sible to our maximum limit, but to give
us your cooperation by placing us in
correspondence with any parties seeking
new sites and with whom you may have
been thrown in contact
We ask the courtesy of reply to any
of the undersigned trustees, who will, if
agreeable to you, send the list for your
signature.
The trustees have been named by the
present subscribers and will manage the
affairs of the company until charter
can be obtainedt through our Legislature,
when it is proposed TO regularly organ
ize with board of trustees or directors.
In conclusion we solicit a reply at
some early date. Respectfully,
WILLIAM LAwToN,
ALFRED d. WARNER,
WILLIAM ID. MULLIN, JR.,
A. S. REED,
M. NJ. CLEAvER,
Trustees