Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1897-02-18
NEW SHOE FACTORY.
BOARD OF TRADE CONSIDERS
MIR. TRIBOU'S PROPOSITION.
MEMBERS OF THE BOARD BELIEVE
THE NECESSARY AMOUNT CAN BE
RAIsED-CoMMITTEE HAS MAT
TER IN HAND.

TER IN HAND.
The Ellsworth board of trade met last
Thursday evening to consider the propo-
| sition to establish a new shoe factory in
Ellsworth, submitted by d. F. Tribou.
About thirty members of the board were
present.
In the absence of Secretary Knowlton,
II. w. Cushman was chosen secretary.
The president, A. w. King, stated the
business Of the meeting, and read Mr..
Tribou's proposition which was published
in THE AMERICAN last week. In brief,
Mr.. Tribou agrees to begin the manu-
facture OF shoes, if the business men OF
the city will furnish building and
machinery, the cost OF which is estimated
at IS 500. He asked rent free for the first
fifteen months, after that rent to be paid
for the use of the plant.
II. B. Phillips, who is interested in the
project, said he had talked with Mr..
Tribou, and believed he was in earnest
in making the proposition. The plan
was to buy the Redman store house on
Water street and raise it one story. 1t was
proposed to start with making twenty I've
cases OF shoes a day, but Mr.. Tribou
believed the business would soon increase.
Such factory would employ from forty
to fifty hands. Probably from $4,000
to S15, 600 would be invested in the BUSH
ness. Mr.. Tribou proposed to make a
cheap shoe such as the market now de-
mands.
John A. Peters, jr.. outlined the plan
which had been suggested to raise the
money. 1t was proposed to solicit sub
scriptions of two characters. There were
some who would subscribe small amounts
as a gift outright, while Others would
put in larger amounts, and own stock in
the plant. All this money would go
toward the building and plant, and it
was thought the money contributed out
right would prove an inducement for
Others to put their money in the plant as
an invest ment. Another point to be con-
sidered is that the amount put into the
plant could not be entirely lost, as they
| would own the building and machinery.
These of course would depreclate in
value, but the money put into the plant
could not be lost wholly, as might be the
case with the money which Mr.. Tribou
said he was willing to put in he BUSH
ness. There was no question about the
desira bi!ity of the factory, and he
thought MIR. Tribou's proposition most
favorable one. Mr.. Peters suggested the
appointment of committee to confer
with Mr.. Tribou.
Others who spoke on the bject were
C. II. Drummey, F. w. Rollins, II. f.
Davis, DR.. j. F. Manning, c. R. Foster,
Capt. S. L. Lord and f. F. Redman. All
We're agreed to the desirability of
having the factory tablished, and the
general opinion seemed to be that the
money could be raised.
1t was moved that a committee of seven,
Of which the president of the board
should be chairman, be appointed to con-
fer with Mr.. Tribou, and take such act ion
as considered advisa BILE. The resident,
the secretary, and +. w. Rollins were
chosen committee to select the COM
mittee of seven, and reported the follow
ing committee, which was accepted:
A. W. King, j. A. Peters, jr., j. f. Man
ming, J. F. Knowlton, H. B. Phillips, H.
E. Davis, P. II. Stratton. The meeting
then adjourned.
The committee appointed by the board
of trade to take further action on Mr..
Trbou's proposition has held several
meetings. The ideas of the committee
have outgrown the proposition made by
Mr.. Tribou, and they talk now of four
story brick building, 40x60 feet, to do a
business of fifty cases daily.
The committee has an estimate on the
cost OF such building, fitted with power
and shoe manufacturing machinery, and
say it can be done for 50 200. The commit
tee is confident that this amount can be
raised.
| II persons with the necessary capital can
that building 40x10O feet would be none
| too large, and that such a building, of
brick fitted with power, shafting, sprin-
kler, etc, but without shoe manufacture
ing machinery, can be built for $4,000.
Such a building would have a capacity of
100 cases, and the business would require
capital of $685. 900.
| Two members of the committee are
probably be accompanied by Mr.. Tribou
to see if the necessary capital can be
secured.
Chances in Postal Service.