Shepherdstown register. [volume] (Shepherdstown, Va. [W. Va.]) 1849-1955, 1896-04-16
ShepherdStOwn Manufacturing
Company.
A New Enterprise to be Established.
Manufacturing Shops Bought
and Work Begun.

that the business depression that has
existed here for so long will soon be a
thing of the past.
Some weeks ago Mr.. ]. G. Hanger,
a former resident of this vicinity, paid
visit to his old home near Shepherds
town. He mentioned to some of his
friends here that he was about to 60
into the business of manufacturing bi-
cycle supplies at Toledo, Ohio, where
he had for some years held an impOr-
tant position with the Crozier Manu-
featuring Company. 1t was suggested
that he locate in Shepherdstown, and
in furtherance of this idea Mr.. Hanger
consulted with some Of our local cap
italists and business men. 1t was final
ly agreed to make an attempt to form
company. Mr. Hanger and his
friends in Toledo agreed to furnish a
certain amount Of capital, provided
the balance was raised here. 1t
proved to be an easy task, and IN a
short time, with little trouble, the en-
tire capital stock Of $2l, 900 was sub
scribed.
The next step was to purchase
plant and equipment, and the large
brick shops Of the old Shepherdstown
Manufacturing Company, which have
been lying idle for several years, were
negotiated for. The shops were owned
by syndicate who asked a certain
price. The new company's limit was
less than the sum named. A subscrip-
ton paper was at once started, and in
a short time the business men Of the
town had subscribed as a gift to the
new company the difference between
its highest offer and the syndicate S
lowest proposition, The transfer Of
the property was then made at S., 500,
and it is now in possession of the new
owners.
The deal for the plant and equip
ment was closed on Friday. Satur-
day the application for certificate
of incorporation was forwarded to the
Secretary of State, with Dr. A. S.
Reynolds, J. C. Hanger, ]. F. Legge,
E. H. Reiuhart and H. l. Snyder as in
corporators. Monday the stockhold-
ers of the new company met at their
Office and formed temporary organ
ization that will be made permanent
when the charter is received. The
directors elected were J. c. Hanger,
P. c. Thilly and F c, Kruger, Of To-
ledo, Ohio; DR.. A. S. Reynolds, R. D.
Shepherd, w. ]. Knott, Sr, {. Il.
Reinhart J. F. Legge and H. L. Sny-
der, of Shepherdstown. The direct
ors subsequently elected DR.. A. S,
Reynolds president, ]. c. Hanger gen
eral manager. and J. +. Legge secre-
tary and treasurer
The Shepherdstown Manufacturing
Company will be chartered to engage in
the general manufacturing business.
Its capital is $2l 900, and it will have
the privilege to increase this amount
100000 1t proposes at first to
make bicycle chains, but will in all
probability soon manufacture other
parts of this most popular article
As the business develops, other lines
will be added.
As suggested at the beginning Of
this article, we believe that the form
alton of this company means great
things for Shepherdstown. Its stock
holders are not numerous, but there
is great deal of money to back them
up, and there will be abundant capt.
tai for all purposes General Mana
ger Hanger is a practical man, thor
oughly acquainted with every detail
ofthe business in which he Is engaged,
and alike competentin executive abil-
itv and mechanical skill. He will
have with him some of the most skill
full workmen in Toledo to work in the
higher branches Of the business He
expects in less than a year to have
from $50 to 200 men at work.
Mr.. Hanger is in charge of the shops,
and is negotiating for the new maohin-
cry required. 1t will be ordered as
quickly as possible, and the business
will be pushed along. Men are now
at work setting the establishment IN
order. The machinery, tools and sup
plies are being inventoried and CLASH
fed. That which will be useful will
be retained, and the balance will be
disposed of.
The property acquired by the Shep-
herdstown Manufacturing Company is
a very valuable one. It's just outside OF
Shepherdstown, on the south, and lies
between the Norfolk & Western Rail
road and the Charlestown pike, and a