New-York tribune., 1900-09-03
OUTLOOK rs ENCOURAGING.
PATTERSON PEOPLE MAY REoRGANIzE
ROGERS LOCOMOTIVE WORKS.

Paterson Sept. 2 (speciaD.- Information OF vital
interest to citizens who are endeavoring 20 Keep
the Rogers Locomotive Works In operation here
was impaired yesterday by Reuben Wells. who for
the last thirteen years has been the superintendent
of the company.
Mr. Wells is at work on a diagram which IT Is
thought will be ready for inspection by the citizens
who attend the meeting called for Wednesday
evening He said yesterday that between 10000
and 100000 would be necessary to provide new
machinery and to put the works on modern basis
Some OF the changes suggested by Mr. Wells are
the purchase of the unused IvanhOe paper MILL
opposite the works In Spruce-st. the purchase Of
part of the old Grant Locomotive Works. at the
corner Of Market and Pine sts., and the vacatinS
by the city of Pine-st from Market 10 Oliver SITS,
a distance OF about five hundred feet. His plans
also include the building Of an erecting shop the
mill. The estimated cost OF this work is $4,000.
Another improvement that would have to be made
is the rebuilding Of the tank shop; THIS wouIu ,
entail expenditure Of about S9OOto OtheI IN IN
provements considered necessary, together Win ths
naT Of the old Grant works SIP OOO alterations
present works $40 900; electric plant SIGCV 9 i
slotting machine, $4,000 drills and other ne"
The PROPOSED plan of labor dividing the profits OF
the capital will be given trial Many OF the 9ider
1egs 10 take stock in the new company that an
effort is being made to organize II Is sal9 IndI
than SlOO 900 can be raised among IhsI- JSgII
that amount has already been pledged by cltlzens
who backing the movement ana u Is, Is expeCege %
that when the meeting IS held on WEDNESDAY s
ing the total will be in the nelgnooThood o.
$4,000. Double this amount Will De -
with this sum as a nucleus II is thought that 1t
will be easy to raise the balance out OF town. =,
Jacob s Rogers has made his position dehnltely
known He says he does not want single dollar
in cash for the works He Is willing 70 submit 20
an appraisement and to dispose OF the works at the
sum named, even though he might consider tne ne
Drice O be fourth the value O1 the plant ne
will demand that the buyers have working caplIal
of $500 COO In order TO guarantee that the WORKS
shall not be thrown back on his hands. lie Will
not subscribe for stock he desires TO get entirely
Mr. Rogers said yesterday that no more orders
would be taken. and that an order from a S2Ht9 1
american railroad had recently been refused Inat
order he said could readily be obtained when Word
was sent that the company had been reotsahz5il i !,
This he thought ought to be an inducement Tor the
Immediate purchase OF the works. After the APP
Draisement ne would give a deed. upon receiving a
bond Fifty engines are TO be built. but this need
not stand in the way OF immediate transfer OF
the plant ,-- -. -,,vr,-,, -.
a profit, and there was bright future II Jhey were
noodernized Outside OF the building or engines
the company does repairing amounting 70 Sigo w W
a wear II is estimated that the new company
would realize per cent in earnings, or $4,000 yearly
on a capital OF 81. 100000.