Marietta daily leader. (Marietta, Ohio) 1895-1906, 1897-12-18

was brought up by himself, and 1t was
arranged that he should resign, tender
ing his resignation to the chairman and
secretary of your meeting. We have at
all times very carefully refrained from
taking any part in the matter Of who
should be your trustee. We never at
any time asked for or even suggested the
appointment of Mr.. Hughes, or any
other person, as your trustee, as we deem
it improper for us to take any hand
whatever in this matter.
So the only reaeon bond has not been
given by us to the trustee is that, first,
Mr.. Hughes would not accept the bond
our contracts with you called for, and,
second, Mr.. Hughes would not accept
the bond which he and your committee
unanimously agreed to accept, and which
every member Of your committee except
himself ia and always has been ready to
accept.
Fourth The bond which we are ready
to give, and which Mr.. Hughes refuses
to accept, is bond in the sum of S45,-
10000, a sum in excess of the gross
amount of sales OF lots, with surety to
the approval of your Trustee, guarantee.
ing all lot purchasers as follows: That
we will before May l, 1898, erect the
glass plant mentioned in our contracts
with you, consisting of eleven buildings,
constructed OF brick or Of iron on wood
frame, and Of about the dimensions and
capacity set forth in said contracts, (our
plans provide for twelve pot furnace
instead of ten pot furnace as specified
in our contracts with you, thus increas-
ing the capacity of the plant twenty per
cent, with the machinery necessary for
the proper conduct of the business, mod
ern, up to date, and suitable to meet
modern competition, and with capacity
to employ two hundred people, and that
We will put such plant into operation
upon its completion, and will employ
one hundred people at such plant, with
pay roll of $1,000 90 per week, within
ninety days after it is put into operation,
accidents and unavoidable delays ex.
cepted; that we will put into this plant
all OF the net proceeds Of the sale of lots
that we will give lot purchasers warranty
deeds with abstract of title. The addi.
tional contract we are ready to execute
provides that the deed to the glass com.
pany of its site shall contain provisions
that the buildings and machinery are not
to be removed for five years that we
will use our best efforts TO operate the
plant during as many months Of the year
as it can be operated at profit for the
period of five years, that Marietta con.
tractors and laborers shall be given pref
erence over all others, other things being
equal, and that block No. 13 will be re
served by us for two years as free cite,
under certain conditions, for new in.
dustry.
Fifth. Although Mr.. Hughes has al.
ready delayed us to such an extent as to
do US and the glass plant project, great
injury, and now we will have only four
months in which to complete the plant,
which at the time of his appointment
we had five months to complete, We
still stand by our contracts with you and
our additional agreements with your
committee, and will fulfill them, both
in letter and spirit, if Mr.. Hughes or a
new trustee elected by you will permit
US to do 30. But we cannot stand much
further delay. We notice Mr.. Hughes
says he will call you together December
27, 1878 serious and unnecessary de-
lay-and in the evening, at which time
many of you, especially those living
outside Of the city, cannot be present.
AS to the correctness of the state.
ments as to the matters of fact contained
in this communication, and each and
every one OF them, we would refer you
to Messrs. Penrose, Pattin, Miller and
Luche, your Advisory Committeeman,
or any one of them.
D. B. ToRPY,
A. D. ALDERMAN,
M. F. NoLL,
A. d. FoLLETT,
n.