Evening journal., 1892-04-19
rus MONEY ASSURED.
The Wflnainrtsn IndustrtAi Improve
znent seeiety New Ready for Business.

The WflnatnN Nten Industrtat Improve
rnent sseie,y New Ready for Business
A special meeting Of the Wilmington
Industrial improvement Society was held
in the Bailder's Exchange rooms last
night. The 81, 900 which was needed to
make mp $40. 600 was raised mainly
through the remarks Of Bishop Coleman.
Mr. Lawton said that the OBJ ect Of the
meeting was to raise the e. 600 needed TO
make the $40 900. He said that nothing
could be done without it, for the subscrip
tions were good only when $40. 900 had
been subscribed Mr.. Hill. on behalf Of
Crosby & Hill, said that the firm would
take ten more shares. Mr. Taylor said
he did not see why the people OF this city
did not say to the committee: Here Is
f25, 600 or $50. 600, but they had only
given $6,00O. He said It was a disgrace
to the city. Mr.. Lawton said that the
people think the money will be squan
dered Mr. Taylor said that those who give
that kind Of an excuse would not give
Eve cents. Mr.. Warner said that much
good could be done with 5000 but none
Of il could be used until $40. 900 had Deen
subscribed But II those who had al
ready subscribed would give their con
sent the money could be used. The
city could be- advertised for $500 and re-
pl swould be resolved from all over the
country
Mr. Reed did not agree with, those who
advocated going on with the IS, 000
II the people did not take hold he
thought the movers had no cause to
worry Many OF the people think IL a
grand thing. but do not take stock Mr.
Lswton said that the society was In.
tended to help small industries and all
that had been heard from so far would
be too large II the society had $25 0C0.
He favored going ahead with the IS. 900
Mr. Taylor said the biggest advertise
ment for the city would be to get some
one to come here and start an industry.
He said he had a letter from a company
ready TO locate here II some influential
men from this city would take hold. Mr..
Lawton Thought those present were able
to call In 10 per cent Of the subscrip
tions
Toe prospectus was read aud it showed
that no money was due until the $40, 900
was subscribed. Mr. Maher made a
mofion that when the meeting adjourn it
adjourn 10 meet Friday night, and all
stockholders BE- notified OF the object Of
the meeting, and II not present the
meeting acNiOh NOuAa ot Diuuluk. mf.
Smalley said the action OF those present
would not be binding on the others.
Bishop Coleman then addressed the
chair He alluded to the advantages
possessed by Wilmington. he favored
filling up what was needed by enough
being subscribed or assured He said
that bis subscription was small, but he
was willing to increase II % per cent. II
others would do the same The bishop
was applauded after these remarks.
Messrs Reed Oleaver, Mullen. simmons,
Taylor and Lawton pledged themselves
to get twenty shares each. George E.
Weldin took ten shares and Mr. Maher
guaranteed &C sc. twenty shares, the
value TO be s20e Mr.. Clark took fifteen
more shares and guaranteed TO get Ave
others. The meeting then adjourned
uniil Friday
Mr. CleaVer said that nine more sub
scriptions we're needed Of the fifty to the
North American Review, 80 that the city
can get two pages Of Advertising
The trustees o. the society will NEE.
en- Thursday night In a few days 10
per cent. Of the subscriptions will be
called for.