The record-union., 1897-10-28
THOSE INDUSTRIAL NOTES.
SOME WILL BE RETURNED TO
TIE SIGNERS.
Those Who Had Not Paid the
Assessments Are to Sweat
a While"

About $50 members of the Industrial
Improvement Association met at Pyth-
ian Hall last night and in the course
Of a short and harmonious meeting
agreed to turn over its property and
funds to the Sacramento Chamber OF
Commerce, with the understanding that
the same be applied toward securing
the erection Of a sugar-b beet factory in
this city
It was also agreed to return all notes
to the note signers who have paid the
10 per cent. assessments required IN
the original agreement, and that the
directors should proceed to disincor-
porate as soon as the affairs Of the
association can be closed up.
President c. A Luhrs called the
meeting to order, and called upon the
Secretary, George B. Katzenstein, to
state its object The latter gave a
brief resume of the work done by the
Industrial Association since its organ
ization, which, he said, was perfected
about four years ago. At that time,
Mr.. Howell was chosen Secretary, and
to him properly belongs the credit of
AdAGIS dSlldLEu the q 0UESL-Oh VI N7clA
beet culture in this section He made
a number of trips through the southern
part Of the State, examined into the
subject closely and wrote a number of
articles -for the local press which de-
nanded considerable attention, but the
matter was finally dropped.
The Industrial Association Mr.. Katz-
enstein said, made a number of at
tempts to get factories to locate here,
and that it failed is not to be attributed
to its Board of Directors, as they did
conscientious work to the end in view.
1t seemed, at one time, a foregone con-
clusion that the Ostrander Gum Fac
tory would be located here, but in the
end it was erected in the East, at Bos-
ton.
He referred to the attempt to secure
an electric railroad from Fair Oaks to
Sacramento, and to the fact that the
note signers Of the association had
agreed to raise $4,000 to further the
project, and told how, through the fail
ure of Eastern capitalists to fulfill their
part of the proposition. the projected
road failed to materialize. He then
took up the proposition of the Oxnards
to erect a sugar-beet factory in this
city without subsidy or any consid-
Grafton except that assurances be given
that 10000 acres shall be planted t.
beets for five successive years.
The speaker explained that 81, ,000 900
viii be expended in the erection of the
proposed factory. and that the Cham
her of Commerce has been working ear
~ and late to get the necessary land
subscriptions. That organization, he
said. has expended considerable money
in its efforts to secure the necessary
land subscriptions, and Will be put to
a much greater expense before the work
is finished. The object of the meet
ing was, he salu, to turn over the funds
&C the Industrial Association = about
S4 0G0-to be used by the Chamber of
Commerce in furthering the sugar-beet
proposition. In conclusion he moved
that the directors of the association be
authorized to turn over its property
and funds to the Chamber of Com
merce. and the motion was carried by
a unanimous vote.
Secretary Katzenstein next moved
that individual notes given to the asso-
citation by it's members be returned to
all signers who have paid their 10 per
cent. assessments.
s. b. Smith was inclined to offer an
amendment to the effect that all notes
be returned to signers, but Mr. Katz-
enstein said that such a proceeding
would be an injustice to those who had
paid. and that it was no more than
right that those who had failed to keep
their contracts should be allowed &c
The motion prevailed without a dis
senting voice.
Next Katzenstein moved that the di-
rectors be authorized to disincorporate
the association as soon as its affairs
are closed.
Ellis Franklin wanted to know what
would be done with the notes on which
assessments have not been paid, pro-
vided the association disincorporated
It will be, he said, impossible to collect
money from a member of an organiza-
tion which does not exist, and disin-
corporation can only mean squaring ac-
counts.
Mr.. Katzenstein said that there was
no intention to raise the question Mr.
Franklin broached. and L. T. Hatfield
explained that if it becomes necessary
the association may, before disincor-
porating, turn over the notes to some
individual to be held for the Chamber
of Commerce.
The motion was finally carried by q
unanimous vote.
On motion of Mr.. Hatfield, vote OF
thanks was returned to the President
Secretary and other officers of TIE as
sociation for the able and efficient man
ner in which matters pertaining to tbs
organization had been conducted, ana
no further business coming up, the
y,ea4irer oSiour,,ad