Waterbury evening Democrat., 1895-06-29
ANOTHER INDUSTRY.

\ Bicycle Company Looking For In
 ducemrnts 90 Locate In Waterbury.
 It was expected that there would be a full meeting of the board of trade last night to act on the proposition of the bi- cycle company which de sires to locate here. but in thls the public was mistaken, there being but five members present rre>i- dent II l. Wade read A statement from the H :. Owen Manufacturing Co ot Washington, D C. The company is rrli- able. and referred the board to the Pope la lufacturinG company of Hartford. It is an old established company. employs about one hundred men in the manutac- ture of bicycles. and If suitable place can be cured in Waterbury there iS uo reason why the business should not pros per here and would be Grta! ac- quisition to the city. Alderman Cross spoke enthusiastically of the scheme and thought that it was the duty of the board to bestir itself in the matter and see what could be done towards furnishing tbe com pany all the necessary information it re- quired. Mir Cross said that the time vas not far distant when it would be rare thing to see a person on foot; all will be mounted on bicycles. IL was stated that the old shear shop could be purchased for $22 OO0. and would make s very desirable place. While it seemed to be the general opinion of all present that no money could be raised in Waterbury to assist the new company. still it was suggested that the firm be notified that suitable factory can be secured here.
 In conversation with a member of the board lbls morning a reporter of the DEMO- GRAF was informed that in this as in many other instances Waterbury WAS likely to lose its opportunity of securing an indus try whicl Eould be a great bene' { 70 all the people. The whole trouble with the mem- bers of the board of tIade" he sad, ''is that the men who have money are all in- terested in the big local concerns and all their spare money Is invested in them But I don't see why a few men not engaged in manufacturing could not be brought to- gether and put up enough money 10 start an industry of this kind in Waterbury. Take. for example. the Irish American element. There are enough bright men of that class in this town who have lots of money to give this business d start and I know of no other enterprise in wLi,h they could engage that would pay them as good dividends They have been successful in every other line of trade. So far they have fought shy of the manufacturing business and I think it Is about time they took hold of something for themselves. They are the brightest and brainiest men we have in the facto- ries of Waterbury. and there is no reason in the world why there should not be found enough capital among them to start up this factory. I could name you a dozen Irishmen in this town who could make up A capital stock of slO0. .OO0. scd still con tinue whatever line of business they are now engaged in. It would be a great benefit to that class of people and a big boom for all the working people. The manufacturers of Waterbury have often talked of this and wished that the wealthy Irish residents could be induced to invest their money in this way. They have the capital, the brains and the fitness. All they lack is a little courage"