The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1892-06-08


Last Friday night receiver Hanselman sold the
stock and machinery of the Jordan & Goodrich
plant to a home company, composed of Chss.
Merts. ]. W. Jordan. and T. NJ. Rumbaugh, for
l5,520. The new concern will be known as
Ravenna Shoe Manufsctu. ing Company, with
Mr.. oYdan in charge of the factory. Operations
have besn resuned. and as rapidly as possible
the departments will be filed with wo1kmen.
and the industry fclly developed.
The different bids were as follows Wallace.
Sloat & Wallace, Chicago, S 5.320. Merits & Rum
baugh. Ravenna, Sl5.520.
The new company is composed of men of large
business experience. whose time. means and en-
ergy will be devoted to building up this estab-
lishmeut into one of the great shoe concerns of
the country.
In the meantime. Mr.. II. W. Riddle has made
a proposition to Mr. Goodrich. offering to erect a
three story brick shoe factory. equip it with en-
gine and boiler. and give the rant of it free for
ten years, provided Mr.. G. Will organize COM
pany with sufficient capital to operate it.
With that stirring ecergy characteristic of the
man, Mr.. Goodrich went to work at once among
our citizens to get $500 stock. and at the time
of our going to press. had large part of the
amount subscribed. The balance of the capital
will be furnished by outside city parties. who
will also take the product of the factory.
This is liberal offer on the part of NJ r. Riddle,
whose action is that of thoroughly public spir-
tied citizen interested in the growth and welfare
of the city.
The new enterprise is deserving of success. and
it is very gratifying to note the prompt favor it
met at the hands of people approached. With
city jobbers to take the product Of the factory.
its future success would be certainty. while it
would in no sense interfere with the one already
established here. On the contrary, the two fac
tories would be of great benefit to each other,
and the more of them built an operated here.
the better for ths business.
Give Mr. Goodrich cordial welcome when he
calls on you. and help him to help Ravenna.
T.J. Shay, of 7. J. Shay & Co.. boot and shoe
dealers, Chicago, was in Ravenna Monday and
Tuesday, and made a very excellent otter tc
Walter e. Goodrich, executed in writing. bear
ing on the proposed new shoe plant for which
the latter gentleman is working so hard.
Shay & Co. are heavy jobbers. standing high
in the trade and are exactly the people to take
hold of factory and operate it for all it is worth
The terms of the agreement are substantially
as follows: Shay & Co. agree to take from the
proposed new company BOG pairs of shoes daily
or 300 ays in the year, and furnish spot casn 1or
| the same as soon as the shoes produced. The
| shoes will be known as the I. J. Shay make. and
| the cut of the factory would appear on the bill
heads of Shay & Co.
In evidence of his good faith, Mr.. Shay sub
scribed some stock in the new enterprise. ane
agreed to become President of the Company a
soon as it could be organized.
| We do not well see how any more could b.
done to insure the running of the factory. Th
| goods would be all sold IS fast as made. Their
would be no ruinous sales. no ruinous sacrifices
| no dull seasons. and no expense of keeping sales
men on the road. Mr.. Goodrich has alread!
raised over 81. coo, and if he can increase tn
subscription to SS. Geo. our town will have anoth
er shoe industry, which in turn is certain to cal
| in Others.
Mr.. Goodrich is entitled to cOmmendation TO
the rare pluck and perseverance he is manifest
Ing, and we hope all who are able to do so. viii
promptly help along the new enterprise. an
thus again restore our industrial activity.
Mr., Riddle has seta most excellent example
one indeed which should inspire others to tax
hold of the matter. The offer he makes is yer
generous one. an offer. n fact. that few woul
make. It would be a matter of extreme regr'
and great loss to the town to allow this entel
prise to fail through lack of little support. w
have confidence to think that such will not
the case.