Daily Kennebec journal., 1896-05-27

felt that change was needed; bu
showed in a very conclusive manner
why. under existing circumstances, tn.
Village district could not merge its af.
fairs in one general system without
very great sacrifices. which it's people
would scarcely be willing to make un-
less some Just method of equalization
could be devised. Mr. Stinson's re-
marks were earnest and practical and
We're accorded the closest attention.
Mr.. NJ. S. Holway responded to "Tht
Question of Privileges and Immunities
To What Extent Shall the City Go to
Secure Industries?' Mr. HoIway said:
Mr. Toastmaster and Members of the
Board OF Trade of Augusta:
II IS a wise thing, that at this dinner.
devoted TO social Intercourse and 10 a
consideration of the various ways in
which our city may obtain that enlarged
prosperity which is its due little time
should be given TO the subject embraced
in this toast This question Of the means
TO be taken to attract new manufacture
ng enterprises and help IN building them
up, is CT a different nature than amy
question concerning mere government or
regulation of trade. While there are
he ciIy's well being. this peculiarly af-
fects her growth. This is the great ques-
ion of the future with US. the field FOR
abor is unlimited and IL largely depends
upon our efforts In this direction whether
Augusta. be passed by more enterprisin2
owns or attain the great unrivaled pros
perity TO which 1t Is entitled by its un-
rivalcd advantages.
il is "A general custom for municipali-
les to give encouragement Of the sort
indicated To new industries. ] do not need
"a rhDNf he wisdom Snrl help.
the very wording of this toast admits II
ind IL finds a response in the breasts of
'ach one of you 1t is especially proper
hat manufacturing industries should re-
seiVe sucn aid. The manufacturer takes
risks which are not incident TO ordinary
business. while a successful manufactur-
ng industry. employing labor and pro-
iucng valuable product is a source Of
@cn1th TO the entire community in which
Il Is situated. The success of such an in
dustry can only be demonstrated by eX-
pt rience, it can never be foretold. The
manufacturer risks his whole investment
in the hope that there will be some small
sXCoss of income over expenditure and on
his small percentage prosperityo or failure
han KS. As the whole community shares
n the benefits received from such enter
prises II is reasonable that they should
offer reasonable privileges to induce such
industries to locate with us rather than
slsewhsre grant generous immunities our
ing the first few years of their life, which
are the experimental stages of their career
and always deal generously with them on
account OF the great permanent advan-
upon the community. We do not need
10 go outside our own limits to find in
stances of the good results of such assist
ance. The development of our water
lcwer which was obtaired by such
methods and has resulted in the large es-
Establishments of the Edwards Manufactur-
ing company and the CuShnoc Fibre
company are living examples before our
own eyes of the benefits of the wise en-
coura cement extended to new manufac-
turing industries.
But the question is, how far shall we go
in granting privileges and immunlies.
answer and l believe that you will join
me in answering. that we need not be
afraid to go too far in the encoura cement
of permanent industries. employing 4 good
class of workmen at heaithful labor. fur
nished with sufficient capital and man
aged by responsible, enter prising men, We
should recognize the great permanent
benefit of such industries and that every
gain carries with 1t the possibilities OF
further growth and should give generously
whore we are sure to receive freely in
return. ! know that towns have some
times been disappointed and cheated in
these, mat ters. that the tramp shoe TAG
tory has become a proverbiai instance. or
the folly Of unwise grants to irresponsible
men. but even in these cases the injury
is only temporary and not TO he compared
with the lasting benefits obtained from a
permanent industry whose location is OBJ
tained through inducements of this sort.
Of opT nj rs5 fr snoua be Mta t. take ors1es
familiar with them so as to be ready to
advise and cooperate with practical men.
Who may be seeking sites for manufactur-
ing industries. Our location is such that we
have FIRST class transportation facilities
by land and by water. enabling us to com
pete in these respects with any city IN
Maine Then we have a fine water Sys-
TEN giving such a head of water for fire
purposes that mills aHd factories located
here are enabled to get the lowest rates
of insurance. an important item in every
large establishment. Our greatest advan-
taGe is our fine water power not yet de-
veloped to the full extent of its possibili-
ties. | believe that our chance for.
growth that shall make our present size
seem like infancy.lies in giving wise, gen.
erous announcement to all kinds OF
manufacturing enterprises ana pre-emi-
nently in deviSing means for the increase
and complete development of our water
power with view of Offering liberal in
ducements to new manufactures. requir-
ing more or less water power, to locate
here. The east bank of the Kennebec,
both above and below the DAM affords
uGrivaled opportunities for manufacture
ing. together with the most convenient
should come when a series of large es-
tablishments should occupy convenien,
locations along that shore suggest then
a thorough examination of the possibili-
ties of our water power. 1t is time for
Us to take up and complete the work
which was commenced q generation ago.
The lock at the east end of the dam.
which prevented any substantial improve
ment. has been discontinued. water is
now running to waste which ought to
bring increased prosperity to our doors
and stil forever in this town the cry OF
hard times. i am authorized to say one
thing as an encoura cement to this work,
the CuShnoc Fiber company, whose pay
roll to employees. exclusive of salaries,
amounts to more than 100000 a week and
which intends to increase its plant this
season. will agree to double the size of
its establishment. providing it can obtain
increased water power ] believe that the
Edwards Manufacturing company with
its board of directors composed of men
known and honored for their ability in
manufacturing finance and public affairs
will heartily cooperate with this board
and our city in any such movement de-
voted to our common welfare.
Continued on page g.