The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-10
THE coMPANY's PROPOSITION.
Office OF
The Dauuiless Bicycle company
Toldco. Ohio. July !, 1896.

IOlQfO. ONO. july 10 4o'p.
s. Il. Lucy. Esq. Richmond. Va.
Dear Strive are in receipt OF yours
Of the 2>th. and i'm reply will make
nroposition that. If your people are
interested I'm securing hrst-class manu-
features. they cannot well refuse. NO
vcfnber. 1895. We moved our machinery.
tools. and material 20 Superior street.
where we had one of the best equipped
factories In this country. il was nor
the largest. It the BEST. our sales
from November TO the time Of the hre
amounted 10 Si9.sq3.15. our cash receipts
were SG0O18.70. We borrowed during the
early part of the ycar-Januafy. febru-
AIRY. and March-{22.ooO. making the toia
cash receipts So2.os5.'O.
At Tho time OF the fire the insurance
company. after dcductine everything that
they could possibly figure out making q
showing their own way, showed a profit
OF q 40 per cent.
We have on hand to-day machinery
the cash value of which IS S2i .los, stock.
$50. IS: merchandise. $500.
We have since the fire employed
force Of about twenty men. that have
been engaged IN putting the machinery in
order. and replacing an damaged parts
so that we could start factory within
a very short time. 10 will probably re-
quire an additional investment of. say
$1,000 TO put our machinery IN as good
condition as before the fre-that is. we
would have 10 buy few pieces.
Row. II your people are anxious 10 have
VS. 10 10 Richmond We will make you
this proposition: We will go on with the
old company. under its present organi-
cation. OF roorganlze 10 in your State.
81 your people will take stock of So. GO
or $4,000 We Will put in as much or
more. We would expect i'm that event.
10 use all the machinery. tools. and mer-
chandisc We have on hand. We will
turp over TO the new concern the fran
chise of the Dauntlcss Bicycle Company
free and unincumbered from all debts
We will move TO Richmond and take ac-
tive management of the affairs at a
salary agreed upon hereafter.
The Dauntlcss Bicycle Company have
spent over $4,000 IN advertising their
wheel. We have very good line Of
customers. that seem 10 be perfectly
willing 10 go with MS. and handle our
wheels whenever we arc ready to show
up the '"97' stock.
RICHMOND THE BEST.
In many respects / look upon Richmond
rs one Of the best manufacturing towns
in this country. 1t is close 10 the East
crn market. has water connections to
New York city. and ] believe We could
control a large portion of tho Southern
trade. At prcsen. IL is the best point for
the bicycle business in the United states.
II is possible that ] shall visit New
York within the near future and If your
people are interested i'm this proposition
you can write or wire me- and / may
come that way.
The only object ! have in considering n
move from Toledo is the labor question.
which has become very serious here.
You know we have some eight or ten
factories. and the Rights Of Labor have
organized every department SO that it
S. impossible for a man 20 control his
own business.
Yours truly, T. =. TERRY.
President
GREAT PECUNIARY ADVANTAGES.
A little consideration will convince the
Richmond business men OF the great adj
vantages pccuniarily which must accrue
10 them. both directly and indirectly.
from having located here factory en-
ploying az least two hundred men. and
paying ont not less than 500 per day the
bulk OF which would necessarily flow into
the Golfers Of the merchants and trades
men Of the city.
Mr.. Terry declares himself willing 10
move his factory to Richmond. provided
the people OF this city are willing 20
take stock 20 the amount OF not less than
$4,000 nor more than So 900. This could
be easily raised by "a comhiped effort.
and would not fan heavily upon any one
individual
Mr.. Terry already has propositions from
several cities. hut prefers Richmond. as
more Of a centre OF trade. II he re-
calves any cur0uraremlut nc will nay
q visit TO this place I'm the near future.