The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1899-03-16


There Is good profit in work of this kind
because competition is not strorg but
space is required to do the work.
The new Norwegian Lutheran church
Will be dedicated on Sunday ne It. 1t is
beautiful structure and very pleasantly
located, having almost rural surround
logs. The building is Al 20. The
foundation is of stone, rock faced, the
superstFucture having a veneer of Mil
waukee pressed brick. The basement
will be used as a Sunday school room.
The tower is 100 feet high. The interior
of the church is in black ash finish, the
walls and ceiling are of steel of = beauti-
ful design. The windows are beautiful
and are the glft of the Tabitha society
and cost $500. They are Of opalesceDt
and cathedral glass. The altar, pulpit
aud pews are donations from the ladies
of the congregation, and cost $3.50. The
| total cost of the church is $4,000,
This congregation, ST. Paul'e, was Or
gained Feb "a, 1873 and then consisted
of Is families. 1t now has membership
of 400 having recelVed accessions from tie
other Norwegian Lutheran church over a
year ago owing to dCclrlnal differences
which arose, The congreg CATION has been
without pastor for about a year. In
February .st Rev. E. [. Rogney CT Aus
tin, Minnesota, having accepted a call,
located here. Before studying for the
ministry he lived in Liberty. He Is a
graduate OF Luther college DEBORAH aud
took a course IN theO lCgy at Madison,
Wis. and Columbus. Ohio.
Seven clergymen Will be present and
take part 10 the dedlcatory eervicee.
They are Pres G.. Hoyme, Eau Claire:
Rev. j, Q. Hougen, DEBORAH, Ia. %, Mel
sen, Scandinavia, Wis; Ct. A. Sovde,
Winchester, Wis; n. Nicholson, Neenah,
J. @ kslnertsen, Sturgeon Bay.
The annual meeting of thu Manitowoc
Seating company was held Tuesday after
noon. NJ. Il. Murphy, E. NJ. Plstt and
Emil Teitgen were reelected directors.
The company did the largest business
during Its existence the past year, but
made only little money because of small
profits. It's net earnings we're only 81
| 600.
The meeting was deemed an important
one because of the formation of a syndi-
cate and the purchase by it OF oil the
factories 10 the United States engaged In
this line OF business. There are 16 fac
tories In the proposed syndicate, Is out
side the Seating company having already
disposed of their interest to the syndl-
cate. All have been running for some
time without profit at ell commensurate
with the capital invested. The question
to be considered was whether the Seating
| company would sell it's plant to the syn
dictate. Local control of the plant would
be lost thereby, but could the company
Withstand the competition of the syndl-
cate embracing all other similar factories
I There was a disposition TO fight when
the matter was first broacaed, but 1t be-
came apparent the contest would be on
unequal terms, and the general opinion
reluctantly reached, was that a sale wss
the only way cut OF the difficulty. The
Stockholders were practically unanimous
ID voting 20 sell the property.
The terms demanded by the Seating
company may not be accepted by the
syndicate. In that case 1t will be a
fight for survival. A resolution was
passed empowering the directors to Dor
row not to exceed $4,000 to continue op-
erations If The sale should not be con-
summated. The old indebtedness of
$4,000 has been paid up,
10 view of the uncertainty of the on :
come Of fight against the syndicate it
may not be an easy matter for the com
pany to borrow money to continue work
1t was an extremely difficult matter
when the factory was in straits soon after
1t started TO procure money, and theiiabuse
heaped upon those who came to it's relief
/ nancially then will make them chary Of
/ inviting similar experience. They loan
ed the money reluctantly and but with
little hope OF being repaid. When the
success OF the factory WAS insured they
were denounced as bloodsuckers, bond
holders who wanted to Cypress the poor
man"
If the factory Is to be run independent
of the syndicate the proper thing to dc
is to have every stakeholder agree to pay
his share of the loss, should there be any
during the contest. With this willing
ness to make a sacrifice the institution
can be kept running even if it does moi
pay. Aside from a sale it Is the only
solution.