Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1893-11-30
A CHANGE OF BASB.
TIE IDEA OF STARTING TWO GLASS HOUSES
UNDER ONE COMPANY ABANDONED,
And Two Distinct Corporations Will Be Formed,
Subscriptions Being Asked Upon that Basis, for
Good and Sufficient Reasons

At last evenings meeting OF the Sub
scription~ Committee acting for the pur-
pose of securing sufficient stock to form
a corporation for the purchase and oper-
alton of the two local table glass fac
tories, radical change was made in the
basis upon which the project has here
tofore rested.
That this change will result in mater
tally enhancing the chances OF success,
all present at last evenings meeting
firmly believe, and from and after to-
day subscriptions will be asked for un-
der the new arrangement, with much
better chance Of procuring them, south
Of the creek especially, than before.
When the project was originally set
on foot, the idea was to form a Com
pany with a capital stock Of two
hundred or two hundred and fifty
thousand dollars, and purchase
both the local factories from the
United States Glass Company, both
plants to be operated under one
management. 1t was thought at that
time there would be no trouble in secur-
ing a sufficient amount Of stock SUBJ
scriptions upon that plan, as 1t
presented some economies in the
way of management, etc, over
two Company plan, and it was further
well thought of from knowledge OF
the fact that President Bagaley,
of the United States Company, had
stated his Company would not sell one
of the local factories without selling
both. 1t was not, perhaps, stated in so
few words, but that, in substance, was
the stand taken by the u 5. people.
Upon this basis subscriptions of stock
were asked for, and north OF
the creek they came in with reason
able degree of rapidity, the uptown
committees having about S97, 900 on pa
per or fairly in sight at the close Of bust
ness yesterday evening, with what was
felt to be good prospects Of increasing
this sum. On the South Side, however,
and particularly in the Eighth ward,
there was a marked disposition to hold
off in the matter of subscriptions, there
being something OF q popular fear
down there that there might be
some obstacle TO the operation Of the
same basis as the Central, and that
in one way or another, the bulk Of
the benefits TO be derived might be up
town rather than down, and this reluc-
lance was added to from a widespread
desire on the part OF South Side people to
see Mr.. G.. w. Brockunier prominently
at the head of the South Wheeling con-
Germ. These and other reasons COM
bined to prevent subscription ia the
lower end of the city, proportionate TO
the amount secured north of the creek,
aud when the Committee met last night,
ID was early recognized that there must
be some radical change in the original
idea to command that success which the
project, by every consideration, de-
handed,
A long discussion ensued, during
which the gentlemen representing the
lower wards frankly laid bare the situa.
ton as it was viewed by many down
their way, and as result 1t was def
nitely decided to abandon the one-COm-
pany idea and start out afresh, upon
the plan of one Company for the opera
ton of the Central and second for the
Hobbs Brockunler, the two to work to-
gether, however, to the extent of
buying the two plants together from
the =. S. Company, for the sake of the
better bargain which might thereby be
secured, and to divide subscriptions al
ready made in whatever manner might
be indicate by the individuals subscrib
ing. This point being settled, Mr.. w.
c. Brockunier was called into the meet
ing and the amended situation fully
explained to him. Addressing the
Committee, Mr.. Brockunier gave the
new plan his warm endorsement, at the
same time saying that originally he had
not entertained any idea whatever OF
taking an active part in the new Com
pany, further than to lend his aid and
announcement and subscribe TO the
stock. BY degrees, however, he had
been induced to take a more advanced
position, and while he must insist
that, il a Company was organized on
the South Side, be would not take
an active part in the business, he would
act as President, IL asked by the stock
holders, and would do all in bis power
to aid in the establishment Of the enter
prise. He was anxious that both fac
tories be started. and hoped they would
be, and If his influence would count for
anything he was prepared to do bis full
share in bringing about the desired end.
He felt q particular interest in the
lower factory, aud his efforts would be
bent particularly Ia that direction, IL 1t
was deemed essential that he take
personal hand In the matter Of putting
the Company down there upon its feet.
This materially frightened the situa-
ton, and after some arrangement OF de-
tails upon the new basis the Committee
adjourned with the understanding that
the effort was TO be renewed all along
the line upon the new plan OF two
separate companies, the subscriptions
made in East Wheeling TO stand for
the uptown Company and those In the
Eighth ward for the Company down
there, subscribers among business men
10 be consulted as to their subscrip-
tions, and all new shares obtainable TO
be credited to one or the other COM
pany, as subscribers might deem pre-
ferable. 1t is generally understood
that upon the new basis there will be
some heavy subscriptions in the lower
portion Of the city within the next few
days, and that the list for the lower
plant will soon be swelled to good pro-
portions. The uptown list already
upon 3 good footing, will also be added
10 as much as possible, and both Com
psnies. it is sincerely hoped, will soon
On definite shape.