The Somerset reporter., 1899-05-04
The shoe Factory, Again.

inc Company, the owners of the shoe
factory building.
The Commonwea Shoe Company is
.wealthy and successful shoe manufac-
turing concern of Massachusetts and
they make the proposition to the owners
of the building here, that if they will
make some necessary changes or repairs,
principally the laying of new floors,
amounting to some $3.50 and will give
them lease of the factory, rent free,
for term of five years, they will equip
the factory complete, and agree to run ii
TO its full capacity 300 days IN the year
which would mean pay roll of $4,000
10 sl2, 900 per month.
The corporation owning the building
have about $4,000 invested in the plant
and have II small floating debt of So, $50
which was originally $4,000 but has
been reduced during the years past TO
The above sum, from the proceeds Of the
small rental received for the premises.
This with the amount necessary for re-
sairs and a sum Of about 5000 for insur-
aDce for the years, brings the neces-
ssry sum to be raised up to "a, 500 that it
will cost the Skowhegan Manufacturing
Company to carry the business for the
FIVE years and pay up the floating debt.
The corporators have never receiv.
cd dollar for the use of the money
originally put into the plant Is years
ago and they think it but fair that other
citizens of our town who have received
the same benefit they have, should take
hold with them and bear a small part of
the burden, inasmuch as a small expen-
diture now, would yield such splendid
results to the business and property of
the town. In this view they are correct.
The proposition is generous one on
their part and one that our people should
not hesitate to adopt and contribute the
money to make available.
These corporators ask that citizens
subscribe the sum of 81 500 in the stock
Of the Skowhegan Manufacturing Com
pany and committee consisting of
John C. Griffin; Chas. F. Ward and f.
r. Fairbrother was raised at the meet
Ing Monday evening, TO take measures to
secure this subscription, aud r. 7.
Paten was added to this committee,
later.
At this meeting W. II. Fuller was
made chairman aud j. o. Smith, secre
tsry l.. w. Weston, president of the
skowhegan Manufacturing Company,
explained the situation and advocated
the acceptance of the offer, which he re-
garded as exceedingly favorable. Hon.
A. G. Blunt, w. II. Wildes, c. F. Ward,
J. c. Griffith, Chandler Dow, C. A.
Ross, L. c. Emery, Charles Green, K. F.
firbrother, j. p. Merrill aud others
spoke favorably aud most of them en-
Enthusiastically of the project, as one we
cannot afford to let go by.
The sum required to be raised Is
mere bagatelle for the people of this
town who are naturally interested in the
establishment of this business on firm
basis to raise, il they will all take hold
and each do his part. We say all who
are naturally interested. Who are not
Interested? There is hardly man 10
town who is not. A brief glance at the
situation without going into elaborate
argument, which is unnecessary, will
convince any intelligent person, un-
less he don't want to be convinced, that
the men who are not interested in
this project are a minus quantity 10 this
town.
OF course, some are more interested
than others. First, those who have
labor to sell-employes. Then come
merchants of all classes, mechanics, pro-
iessional men. owners of real estate,
transportation companies, electric light
companies, hote! keepers, prioters, etc.
IL there is a live man In town who thinks
he s not Interested, directly or in-
directly, let him stand up and be
counted.
The situation is little unfortunate in
regard to subscription to the shoe fac
tory stock, because part of our people
ashort time ago subscribed $4,000 to
help along the Bloomfield Shoe Com
pany. While this should not affect
those who did not contribute to this sub
scription, they are the ones who are
most likely to use 1t as club wherewith
70 assault this latter project. Those
who subscribed for this stock and paid it
are not whining about 1t, and do not have
smuch to say about 1t as some of those
VINO refused to subscribe and now are
saying, ~ told you so.' Moreover, while
mere is good reason to urge that this
subscription should be taken into &C
count when this proposed money is TO be
raised, we doubt whether it will be so
raised unless these same men, generally,
Dear their proportionate part of this new
burden.
This $4,000 was by no means dead
loss The result of 1t is the prolonga-
"On OF business at the shoe factory,
some Is months, and 1t would not have
Oeen bad investment in dollars and
cents had it been sustained equally by
oil who were benefited, which of course
1t was not.
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