Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-02-11

have erected on said site to be selected
by us plant for the manufacture oi
boilers, stills, iron tanks and iron struc.
tural work, of the character hercinbe-
fore stated, costing 100000 or more,
complete ready for operation, and in
full actual operation employing 10C
men or more, with pay roll of at least
81, $50 per week, upon the fulfilment OF
all of which conditions said sum oi
| SO, 900 is to be paid over to said corpor.
alton, and the title to said site on
which said plant is erected is to be con-
veyed by said Trustee or Trustees to
said corporation.
| Messrs. j. II. Hughes and Schaffner
were present at the meeting. The
proposition, as printed above, was
unanimously accepted, after half
dozen ringing speeches by leading citi-
zens.
Messrs. W. W. Mills. d. b. Torpy
and W. NJ. Morse were chosen Trustees
of all funds that may be raised to full
fill the city's part of the contract. A
committee of ten, consisting of the fol-
| lowing gentlemen. was appointed to
solicit subscriptions: w. II. Styer, W..
w. Mills, D. b. Torpy, w. NJ. Morse j..
II. Grafton, A. d. Alderman. w. H..
Jett. C. L. Flanders, w. G. Pattin, A.
L. Gracey The President extended
the proper invitation and many of those
present walked up unhesitatingly and
signed the paper for amounts of $50
and S10S each. Mr.. d. b. Torpy has
the honor of starting the subscription
1t is necessary to raise approximate
ly 80, 900. perhaps little less, and the
committee expresses the hope that it
may easily find 30 men to give 800
each and so men to give $50 each clos
ing up the subscription in short order.
The subscription, by the terms of the
proposition, must be completed in 80
days. One-third of it must be cash in
order to secure title to the site selected.
The balance will be required in two
payments at later date.
Following is an exact copy of the
subscription paper that will be pre-
sented to you-read it carefully, and
put your name down gracefully:
The undersigned hereby severally
agree, each with the other and with
Hughes Brothers, of Butler, Pennsyl-
vahia, and with the corporation to be
organized by them and their assoc-
ates as proposed in their written
proposition to the citizens of Marietta,
Ohio, dated February 10, 1896, to sew
orally and respectively pay to d. b..
Torpy, w. w. Mills and w. NJ. Morse,
Trustees, the amounts set opposite our
names, respectively, payable one-third
thereof cash on demand, one-third
thereof on or before April l, 1896 and
one-third thereof on or before May. /,
1896, said money to be used by said
Trustees i'll paying the purchase price
of a site and in paying the sum of six
thousand dollars (2G,OOOOO) mentioned
in said written propositions and we
hereby appoint said Trustees our
agents and attorneys in fact 20 act for
us in determining whether the con-
ditions of said proposition, upon the
fuidllment OF which said site is to be
conveyed and said six Thousand dollars
Is, 900. 0O) is to be paid TO the CORPORA
tion as stated in said propositions have
been fulfilled, and to make such con-
veyance and pay said six thousand dol
lars $4,000 COZ to said corporation
when in their opinion such conditions
have been fulfilled.
At the Board of Trade meeting 20
hundred dollar subscriptions were
taken in little more than as many min
utes. Here they are:
ID. b. Torpy. y................... 800
Strecker Bros. ...............,.... 100
Hamilton & IIeidrick ........... 100
p. r. Alderman & Sons ............ 100
Nye & Follett. 100
W. W. Mills. s............... . 100
I, w, Moore .................... 100
G., l., Bailey Grocery Co 1nO