The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-03-10


The trustees of the Industrial I'M
provemens Com pany 81 Wilmington
have issued the following open letter,
which lie plain statement Of the COM
pany's plans for improving the city;
WILMINGTON, Del, March 8, 1899.
SIR: In the Interest of the city OF
Wilmington we ask your considerable
attention to this open letter.
The Industrial Improvement Com
pany, of Wilmington, Del, has been
organized for the purpose Of increas-
ing the business prosperity OF our city
by the addition of new industries and
commercial housed. 1t proposes to do
this by systematically advertising the
advantages OF our location and our
facilities for the economical trans
action OF business. and In connection
with this, TO present to applicants
seeking new sites, such statistics of
our city as would naturally interest
them. =..-= ~.
We proposein every way proper and
possible to establish q confidence in
the good intentions OF this company
by proving in our actions that tho in
terssts OF such applicants are as care
fully guarded as il they were our
own.
By attractive advertising in trade
journals or other suitable channels we
shall do our best to induce correspond
enoe, and then to render every assist
ance In our power TO secure location
on suitable prop erty and satisfactory
terms. -..
1t may In the course OF time, be
| O necessary development of our COM
pany to supply needed capital to q
limited eKtont, or to act a6 n medium
| for the investment OF local capital in
such new enterprises, but tllls will
| not be done except where absolutely
necessary to secure u valuable indus.
try, and only then when considera-
tions OF safety, etc, have been fully
investigated.
Our mission is In no sense specula.
tive, and our whole duty rests Ia sys-
| tematicelly and continuously pre-
senting our city and it's advantages TO
the people OF other States.
For the first year there will he no ex-
penee for management nor for office
| rent. We will, however, need money to
| pay for advertising stamps and station
| eryand to print our literature To secure
| this, as well as to be prepared to Bup-
| ply capital where necessary and desira-
| BILE, we solicit subscriptions to our
capital stock, and to make the interest
more general, and the personal invest
ment small, we have doomed best to
limit any one subscription SO that IL
| will not exceed twenty-five shares of
$40 each.
We shall endeavor to obtain sub
scriptions of J0U0, but will begin
operations when $4,000 have been
signed for. For advertising and all
other needs outside the supply of cap.
ital but small percentage need be
called in for some time to come.
In the Interest OF our city, we ask
you not only to subscribe as nearly as
possible to our maximum limit, but to
give US your co operation 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 trl.Ctoes. who
will, II agreeable to you, send tho list
for your signature.
The trustees have been named by
the present subscribers, and will man.
age the affairs Of the company until a
chatter can be obtained through our
Legislature, when IL is proposed to
regularly organize with board of
fifteen trustees or directors.
In conclusion we solicit a reply at
some carly date. Respectfully,
.. WILLIAM LAYTON,
AFFIXED .. WARNER,
WILLIAM D. MULLEN, in. Trustees
A. - REED
Nj Nj Or