The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-09-18

The board Of trade held lengthy
meeting last night The report Of the
manufacturer committee is herewith
presented.
The location in Scranton Of plant for
the manufacture Of tapestry carpets we
believe would be paying investment and
for the purpose Of bringing the matter
intelligently before you, we have asked
the gentleman who Is at present largely
interested in the carpet business and
thoroughly conversant with all OF the de-
tails connected with it to speak to us on
this subject this evening.
The Eureka Cash and Credit Register
company, of Elmira N. Y, have made
the following proposition to us, viz; In a
stock company to be formed in Scranton :,
capitalized at $780, they will put in
their entire interest in the register and
printing business, which includes, pat
ents, machinery, stock on hand, agents
outfits, good will, ETC., for $75, 900 and take
pay in stock of the company. The con-
cern known as the Scranton La the Turn
ing company are to put in their entire
plant, including ground, buildings, ma
chinery, etc., for $3.50, 900. There Is to be
left In the treasury $50, 900 Of the stock
which the Elmira people have the option
to buy at par within two years. Forty
thousand dollars of the stock Is to be sold
for working capital. We have looked into
this matt ter carefully, we consider the in
vention practical and useful one and
should be iu every store doing credit
business. The proposition we consider q
fair one and that If properly managed a
handsome profit can be realized, We
therefore recommend it to capitalists.
WILL SOLICIT SUBSCRIPTIONS
The representative Of the carpet fac
tory arrived late at the meeting from
New York and took the floor to explain
his industry. The plan is to put up a
plant furnished with forty looms to
start with. The gentleman has studied
the carpet market and the new tariff,
and believes that carpet can be manu-
factured so cheaply as to guarantee a
profit. The building will be 15Ox50
and three stories high. 1t will
cost $4,000 to build it. The cspi-
tai stock he figures at $3.50 900, Of
which he will subscribe $25. 900 him
self. He gave facts and figures and
was substantiated by S, G. Kerr. Girls
employed In tho factory will receive
wages averaging 81 week. The chair
will appoint committee at the next
meeting to solicit stock subscriptions
Mr.. Dickson, Of the building com.
mittee. reported gratifying progress.
He said that subscriptions amounting
to half the total sum have already
been secured. He prscipitated a spicy
discussion by motion that the board
invest its treasury balance Of 500
through its trustees in shares in the
new building. Secretary Atherton
said that there is yet to be
paid on the last assessment
81, 100. and for back dues the
delinquent list aggregates $1,000
Mr.. Connell wanted to see 81, 900 in
the treasury before investing that
amount. He said that he had no idea
the board WAS ready to 60 into the
building projsct until the structure
shall be completed. Several others op-
posed Mr.. Dickson's idea and he finally
withdrew his motion.
AFTER MEMBERS IN ARREARS
| uo LlUtlUu VI mE. hclldT was car
ried. amended by Mr. Connell, instruct
ing the secretary to notify all mem bers
In arrears for nine months dues to
settle up before tine next meeting 9TH
erwise the accounts will be collected
through the attorney.
The South Side board Of trade sent
a communication bearing on the con-
solidation of all the boards of the city.
1t was as strongly opposed, and was
referred to a committee: Messrs. Lam
sing Paine and Torrey.
A letter from I. F. Flitcroft district
freight agent Of the New York, Ontario
and Western. referring to the COM
plants Of Scranton merchants regard
ing delay to shipments of butter CON-
ing from the Delhi branch, stated that
the company will hereafter furnish
separate cars on Monday aud Thursday
of each week. and these will b
forwarded in through freight.
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