Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1892-02-16
MORE FACTORIES WANTED
Business Men Meet and Organize to
Bring in Industries.

a Prominent Guinness Man Gives HIS
Views Of the new Compsny and Tells
what It WIN accom- iish trustees
Meet This Morning.
A meeting OF business men Of VIII
mington was held last night OF the oftics
OF Arson A. Maher, No. SOP Market
street. The meeting was held for the
purpose Of forming the Wilmington
Industrial Improvement Company
The meeting is the result OF meeting
held on Friday night. w. D. Mullen,
Jr., Was elected chairman aud Arson A.
Maher WAS chosen secretary at the Friday
night meeting There were present at
tho meetine last night the following:
A b Warner, william Lawton. w. b.
Mullen, Jr., Daniel w Taylor, Archibald
s. Reed. Charles l. simmons, Mark 81
OleaVer, Secretary Maher, w Philips,
William F Smalley, Jr., and William B.
Clerk.
WHAT THE NEW ASSOCIATION WILL DO
Messrs. Mullen, Lawton aud Maher.
the committee appointed 70 draw up the
prospectus, reported the object OF 1t TO
be as follows; "The name OF this com
pany viii De the Wilmington Industrial
for the purpose Of advancing the indus
trial interests of the city Of Wilmington
This company will offer induceme Is
TO industries OF every description,
and TO provide opportunities for
the investment Of capital in
manufacturing interests. There will
be board of directors consisting Of IT,
teen stockholders The directors are to
elect president. vice president, secre.
tarv and treasurer. The secretary s
Office is TO be open at Rll times SO that
information concerning the aims Of the
company eau be had there. The capital
will be under the control of the board Of
managers. The proposed capital OF the
company will be $25, 600, to consist Of
1900 shares at the par value of $40 a
share
BOARD OF TRUSTEES CHOSEN.
A motion was made by Mr.. WarLel
that the minimum f $40, 000. be estab.
lished to make the subscription opera
tive. The motion was carried. Mr..
Smaley proposed the election of three
trustees, which YVES amended by Mr..
Lawsog substituting five instead OF three
and passed Messrs. Warner, Lawton
Cleaver Mullen and Reed were elected
trustees 10 act for the association until
such time as it shall receive its charter
After the general meeting bad ad
journed the newly cleo led trustees held {
meeting for organization. William Law
ton was elected president; Arson A
Maher, secretary, and A. ID. Warner
treasurer
MEMBER TELLS HIS VIEWS.
A promnsn5 member was asked for BIT
views Ia regard to the new company thi
morning He said that the company wa
formed especially 10 bring small manu-
faclurers here. For instance" said he
"a man has he machinery to start 9 shir
or stocking fdctory but has no capital
Th a Is what We are olglnlzed for. w
viii furnish him with a building On
Of these factories viii en- ploy about hl
giris who win earn from 81 to 81 80
week
CHESTER IS LEAVING WILMINGTON BE
HIND.
Ha further ssid chat Chester is grow
ing twice % fast as Wilmington oil o
account Of the manufacturing establish
r1ents that have located there ia tn
last few years. The stockholders wi
lose no money as they will bold
mortgage on the plant. 1t is expeci 9
that nearly Thousand dollars will
at once required to advertise the concer
properly.
TO ERECT A BIG BUILDING.
II think in one years time, the con
pany will buy a tract OF land and erect
building on it. At present we can on
rent some unoccuoied building. I'll
ones that 20 into the scheme need NJ
expsot to make money out Of it at frs
Ii there is not $40, 600 subcribed the
will be nothing done.
TRUSTEES MEET THIS MORNING.
At the meeting Of the trustees Of Il
new company, held in ths Office OF M
gmalley, draft Of the tern
OF subscription, prepaid by t
attorney OF the company, w.
Smalley, was submitted and approve
1t is especially desired that the pub
should attend the meeting to be held
the Board OF Trade Rooms on Mond
evening February %, at o'clock