Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1893-11-26
LOOKS LIKE A GO.
THE WORK OF SOLICITING STOCK FOR TIE
NEW GLASS COMPANY,
Will Commence Tomorrow and Will DO Pushed
Ensrgsdcally-Ths Capital 10 DO $780,
900, Nearly Half Of Which Is
In Sight

~ uOH OAAI Ak4aAACo -
subscriptions on the part of the business
men, capitalists and such glass workers as
are able to take a few shares OF the capital
stock Of the new glass company, 70 makea
great big success Of the effort now making
to ~re-establish the tableware factories in
this city.
The preliminaries have been accom-
plished, an option has been secured on the
two local factories, papers of Incorporation
have been arranged for, the Central
Hobbs Glass Company has been selected
as the name, and tomorrow morning the
Committee on Subscriptions of stock will
be prepared to take the field and call upon
those willing to aid, in a substantial man
ner, in pushing the enterprise to a success
full contamination.
This committee, which is composed Of
Messrs. f. Q. H. Schwertfeger, Charles
MorniDgstar, Robert Pekari. H. @. Franz
helm, John Corcoran, Fred Happy, F.. H.
LANCE, Henry Bie0erson, Charles Craig
and 5. M. Rice, are called to meet at the
rooms of the Chamber of Commerce at 9
o'clock tomorrow morning. II is like
" the Committee will then and
there have a number OF names
added TO it. and the city will be divided
into sections, with a subcommittee in
charge of each. These sub. committees will
at once get down to work, and IL is hoped
that in a day or two, at the farthest, the
amount Of stock desired, two hundrId
thousand dollars, will have been secured,
and the organization of the Company there
by assured. The subscription blanks to
be circulated by these subcommittee will
bear the following heading:
WHEELING, w. VA, Nov. q, 1898.
ave, the undersigned, agree TO subscribe
the number Of shares Of one hundred dol
lars each, set opposite our respective
names, to the capital stock of a corpora
ton TO be formed under the name Of Cen
trail. Hobbs Glass Company, the capital
to be not less than tive hundred thousand
dollars, for the purpose Of purchasing from
the United States Glass Company, fac
tories H and 'O' at Wheeling, and TO
operate the same.
This subscription shall not be bindi ng
until 500, 900 has been subscri bed.
1.-THE stock so subscribed shall be paid
as follows;
Fifty per cent. on or before the 18th day
of December, 1888.
Twenty per cent. on or before the 10Th
day of January, 1894.
1.-THE remaining thirty per cent. subject
TO the order of the Board, to be called
when needed
This heading epitomizes the conditions
under which stock is to be subscribed for.
In case the full amount there specified is
secured-and there ought not TO be the
shadow of a doubt as TO that result-then
the company will be Immediately organ
lzed, the hrst payment upon the W
plants, under the terms Of the option
secured in Pittsburg, will be made,
possession taken Of the factories,
and immediate steps taken to
place them in running order.
will be due and payable December 18TH, it
is likely that thirty days beyond that
time would see the factories fired up, and
nearly or quite in condition 10 make glass.
This prompt action, possibly in case sub
scriptionS come in with the promptness
they ought, is exactly what the situation
in this city demands, and if the stock is
taken the experienced and energetic gen.
tlemen at the head Of the enterprise can
be depended upon to loose no time in ar
ranging for a start at the earliest practica-
BILE moment. q
The price named for the two factories,
good Will, material on hand, all complete,
is three hundred and siXty-ive thousand
dollars. This is about one hundred thous-
and dollars less than the Wheeling facto-
ries cost the u. S. Company, that corpor-
alton having paid, in addition to the agreed
price for the plants, material, stock on
hand, etc, about sixty thousand
dollars for the good will Of the two
factories. This sixty thousand dollars
aud something like forty thousand dollars
, besides, was knocked off by the United
! States Company in giving the option to the
COMMITTEES which visited Pittsburg. The
price agreed upon, as given above, Is paya-
BILE, one-fourth casn and the balance in
three equal annual payments, and by call
ing fifty per cent. of the stock December
10Th, ana twenty per cent. January 18th,
the new Company would be enabled to
make the first payment, and have
fifty thousand dollars available as
working capital, leaving thirty per
cent. of the stock to be called in the future,
as the Board of Directors might determine.
1t is understood that included in the pur-
chase Of the plants is about twenty thOus-
and dollars worth of material in the way Of
potash, sand, pots, etc, all Of which, and
much more, would have to be purchased
were new plants to be built. 1t is also
said that there will be turned over to the
new Company orders for ware to the
amount OF about sixty thousand
dollars, for delivery during 1894.
These orders call for goods
which can only be made here, where the
molds for the goods are located. This
alone is a handsome thing to start with,
In the way Of orders, and will ensure a
prompt starting of the works. Other de-
tails fully as interesting and important
are withheld, but a summary Of the whole
situation is emlnently satisfactory to the
experienced glass men who are heading
the new enterprise, aud where they are
willing 10 lead in a matter Of this sort,
others should not be afraid to follow.
In view Of all these circumstances, aud
the pressing necessity Of keeping the
/ manufacturing industries of the city in full
blast, it will be in order to give the solic-
itlng committee a hearty welcome to-mor-
row, or whenever they shall call. and
make liberal subscriptions to the stock of
the Central-Hobbs Company.
Wheeling has a glass manufacturing
reputation to sustain, and her citizens
should put their shoulders to the wheel to
do il.