The record-union., 1893-05-15
FIVE MILLIONS.
Two Per Cent. on That Sum is Al
ready Subscribed
Toward the Manufacturing Fund,
Which VIII Yield 100000
The Work Progressing.

An enthusiastic meeting of the Board
of Directors of the Sacramento Indus
trial Improvement Association was held
on Saturday night. There were present
Directors d. Lubin, Charles A. Luhrs,
w. F. Gormley, William Land, C. H.
Hubbard, ]. o. Coleman. L. Tozer, ]. H.
Arnold, w. A. Curtis and George 3.
katZenstein.
In response to the oft-repeated inquiry
for an estimate of the probable amount of
the subscriptions received, it was stated
that careful comparison of the sigma
lures with the assessment roll revealed
the fact that the assessed valuation
pledged for its pro rata was already in
excess of So, 100000, insuring guarantee,
on the per cent. basis, of an available
fund of over 100000.
While this report was considered as
extremely encouraging, yet the directory
were of the opinion that enough had not
yet been subscribed to warrant it in pro
ceeding to business, and that much
larger sum must yet be secured. So far
one-third of the assessable property has
come in. This should be augmented i'm
mediately TO at least one-halt, if not two
thirds.
Those who have been waiting to come
in when the success of the enterprise was
assured have now that assurance, and
should come promptly forward with
their notes TO make the success over
whelmingly sure.
The response has been so far liberal
enough already from property owners
and taxpayers to warrant the board in
appealing for assistance from the nom
taxpayers. Accordingly notes will be
prepared and issued at once for general
signature of those who are willing TO con-
tribute Hat amount for the benefit of the
factory fund, for each of the four succeed
Ing years, and note of those who are
willing to make single lump contribu-
ton or payment.
The'three styles of notes will be desig-
mated by color. The original (or white)
note is to be signed by the taxpayers who
are Wiling TO contribute their pro rata
based upon the equaliZed city assessment
roll as already explained. The blue note
is to be used for those who are willing to
contribute specified amount during
each Of four years, and the red note will
be signed by those who desire to make
but one payment of the whole amount of
their contribution.
AS heretofore announced neither a red
nor blue note will be accepted from any
one Tor an amount less than he should
contribute under the white note, if a tax
payer. But, as is the expressed desire of
many, if they feel that the amount of the
pro rata, as expressed by the assessment
roll, is too small, and greater contribu-
ton is desired to be made, the red or blue
note will be available for that purpose.
1t was decided to prepare final appeal
to all taxpayers who have not yet signed
TO send in their notes, and to do so at once,
The directory were desirous that the
announcement be made that no money
should be paid any canvassers or solicit
ors for the present, no one being author
lied to receive or receipt for money, other
than the Treasurer-the California State
Bank.
The success of the factory promotion
Is therefore all but assured, and if the re-
manning taxpayers who have so far held
back and manifested disinclination to
do that which their own self-interest
should dictate, aside from the spirit of
local pride and patriotism, would but
come forward and do their duty, the good
work in hand would be an accomplished
fact.
Owing to the fact that property-owners
have just had their city taxes to pay, it is
suggested that the Directors of the In
dustrlal Association defer for a few weeks
beyond the date specified therein the call
ing in of payments on the notes now in
hand, in order that none may be embar-
rassed by their Obligations.