Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-08-29
A SUCCESSFUL CLOSE,
The Dain Factory Campaign Fin
ally Closed This Morning.
THE HISTORY OF THE MOVEMENT.
Two Hundred and Finy-Eight Lots
Sold Altogether-The Letter to jose
eph Dain, Jr. = Agreement Be
( tween Association Members.
From Mondays Daily.


By noon today the last act in the
long process of the securing for Or
tumwa the plant Of the Dain Manu-
featuring company, was closed. BY
that hour. Hon. II. l.. Waterman, trus-
tee for the Dain Addition association.
had mailed to Joseph Dain, Jr., of
Carrollton, Mo-, his notification that
the terms and obligations of the con.
tract, before drawn up between the
parties, were binding and absolute.
This means that Ottumwa has carried
out her part of the arrangements form
ally made with the Dain people, and
that thew are now under contract to
bring their plant to this city. The
: Courier prints below copy of the
letter sent to Joseph Dain today.
4 The early part of this morning was
} consumed in the drawing up and sign
ing of an agreement between the mem
beers of the Dain Addition association,
directing Mr.. Waterman to take the
above steps, and contracting between
themselves to use any money which
may remain from the sale of the lots,
vsss tssf the purchase price, the Dain
axle land other necessary expenses
Ha{ey1,een paid. to the securing Of fac
torNa for Ottumwa, or for other pub
tic purposes as may hereinafter be de-
cided. The Courier wishes to call spec
ial attention to this action of the asso-
citation because it fully repudiates in
situations which have been made to
the effect that the gentlemen interest
{ ed were receiving any financial bene-
fit from this sale of lots. A copy of
this agreement will be found below.
History of the Movement
The campaign to sell the lots in the
Dain addition, the proceeds OF which
make up the bonus Ottumwa has paid
to bring the Dain Manufacturing com
pany to this city, has lasted only five
weeks. The first lots We're sold July
"a, and by Saturday, Aug. 26, enough
had been purchased to warrant the sue
cess of the project. During that time,
out of possible 29s, a5s1h lots, not in
Guiding the one decided to the city, had
been disposed Of OF these, 115 were
taken by citizens of South Ottumwa
and 143Ka by residents of the North
Side.
Il, The history of the movement which
has lust eliminated SO successfully is
"a glorious tribute to the energy and
progressiveness of the men of this
city. Shortly after the erection of the
plant of the Janney Manufacturing
!, company had been begun, communica-
lions were received by citizens of OF
tunwa stating that the Dain Manufac.
turing company, of Carrollton, Mo.
had outgrown it's facilities at that
place and desired to move to larger
Z field. j Realizing the fact that this
I company was a sterling organization
and that it would be a great addition
to the manufacturing industries Of
( this city, some business men of Ottum
wa devised a scheme by which it might
be secured. The Dain company asked
: $4,000 as the least consideration upor
which it would remove its plant to OF
tumwa. To raise this money twenty
seven gentlemen, namely: William
Daggett, S. H. Harper, Samuel Mahon
w. D. Tisdale, G. o. Taylor, j. II. Aier
rill, j. L. Hackworth, j. B Mowery, j
G. Hutchison, Calvin Manning, A G
Harrow, +. w. Simmons, II. L. Water
man, d. A. Emery, w. A. McIntire, w
H. Fl. Asbury, j. A. Phillips, N. S. Pol
ing, L. L. Stevens, A. w. Buchanan, w
A Work, e e. McElroy, L, ID. Foster
A. w. Lee, William Young, A. W. John
son and j. d. Trebilcock, banded them
selves together and purchased of tn,
Seth Richards estate the tract of lant
y lying along the Wabash railway il
South Ottumwa. For this they pait
$4,000, that sum being divided int
twenty shares and distributed amons
the men above named. The proceed