The star. (Reynoldsville, Pa.) 1892-1946, 1898-01-05
PROSPERITY COMING THIS WAY
Silk Mandatory to Locate Here Have
You Helped Any Yeti

DIX manutactory 10 Locatc f1cfe-nave
You Helped Any Yet1
The future prosperity Of Reynolds
vile is assured. Her citizens are alert
and fully recognize the imperative inn
portancc OF turning her natural advan-
tages to use. Blessed with coal and
natural gas in inexhaustable supplies
for manufacturing purposes, she has
laid hold Of proposition that will
class this town in the vanguard in
the manufactory of broad silks. We
are favorably located, and have natural
advantages far above other towns that
have gained recognition from the
successful mandatory Of silks. Our
citizens appreciated the fact that some.
thing had to be done to sustain and en-
large the growth OF Reynoldsville.
The committee securing subscriptions
for preferred stock expect to complete
the subscription list within the next
few days. The ground is already se-
cured and the erection Of large. sub
stantial brick buildings, Of modern de-
sign, containing the latest and best
machinery, all new, for the manufactory
OF broad silks will begin before long.
This industry will employ $50 odd
hands and the pay roll will amount TO
about 5000, 600 annually. The plant will
be of capacity OF no less than 225 looms
and require at least $4,000 working
capital. Arrangements have been made
to take care of the entire output of the
mill for the next ensuing year. This
mill will be free and clear OF all liens
and membranes, and erected at q
cost OF 100000, by thoroughly SUBJ
stantial and reliable company. It is un-
necessary for us to dwell upon the in
tluence and the good which the distribu-
tion Of 100000 per annum will do to
our community.
Six years ago a company from New
York located silk mill at Williams
port, Pa. The citizens raised bonus
OF Sl0.000 gave block Of land within
the city limits which is now covered by
the plant and employs from 500 to 200
hands. Other successful plants are
located at Carbondale, Sunbury, Car
Isle. Harrisburg. Reading and else
where in the state of Pennsylvania
None Of these localities being as favor
able for this industry as this town.
The Philadelphia Ledger, under date
OF December 2Sth, relevant to Allen
towns silk industry has made the fol-
lowing statement: by the end of next
week the Wellbacher silk mill, just
erected in this city, will be in complete
running order, and between 300 and 400
weavers, loom fixers, winders, ETC., en-
ployed. Only fancy ribbon will be
woven. This is Allentown's seventh
silk plant. The silk industry was es-
tablished here in 1881, and the Adel-
aide mill (the first has been enlarged
fourfold since, it alone employing 1900
hands. Plans have just been made for
another big addition to the plant,
which is regarded as one of the most
complete in this country. The silk in
dustry in Allentown gives employment
to nearly 5000 hands"
The committee will further wait upon
the citizens and others who may desire
to secure preferred stock, being redeem
able in 5 years at par, with the privi-
lege, providing the holder thereof de-
sires it, can run 20 years. Semi
annual dividends are guaranteed to
be paid on this stock, at the rate of
I per cent. per annum.
The raw silk alone which the mill
will require, will amount to over 5000
600 annually.
The citizens of Reynoldsville realize
that their interests and that of the COM
pany are identical, and they speak with
pride, relevant to the work so success
fully done by the committee in securing
$40, GOO within week.