Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1900-06-19
NEW FACTORY ASSURED.
L. L. Henry Company Will Locate Its
Paper Box Factory Here-Ad-
vancement Association
Closes the Deal

Clre interests IN this City. The terms
OF the agreement include the erection
of three-story building, 5Ox15O feet,
| by the association for the use of the
company. The contract for this has
been let to Charles Huenefeld and
the work of excavating for the found
ations has begun. 1t is expected that
the building will be ready for occu-
pancy by October 1.
Considerable delay has been occas-
! Toned in closing this deal because Of
| the difficulty in securing a satisfactory
site. Sever al parties who owned suit
able tracts of land were approached.
Some were unreasonable in the price
asked and others absolutely refused to
sell, and the actual delay was caused
by the owner of certain tract of land
| situate at the foot of Lafayette street,
along the Chicago & NOrthwes estern
railway, whose property was offered
by one who represented the owner at
price that was reasonable, but when
acceptance was rendered the deed was
not forthcoming. 1t was, however,
expected FROM day to day, until finally
the season for building had become so
fer advanced that it was imperative
for the association to take some decis-
i've step, and they therefore submitted
to the officers of the Henry company
proposition from the Fifth Ward
Improvement company whereby the
latter rendered a site of one acre,
gratis, provided the factory
was erected thereon. This site
is located in the southwest corner
of what is known as Straw's plat in
the Fifth ward, and is, as Mr.. Henry
states. very favorably located as to
territory from which he secures his
help, and also as to side-track facil-
tiles. The matter of selection of site
was left entirely to the officers Of the
Henry company, and after weighing
the matter thoroughly they concluded
to accept the last named one
1t goes without saying that the
officers and directors of the Advance
ment association are entitled to high
credit for the successful outcome of
their efforts to secure the location of
L
honest citizens who have the material
interests of Watertown at heart will
vote them the thanks which are their
just due. They have labored faith
fully to attain the desired end and their
course in handling the matter has
been pursued on businesslike lines
and with guarded interest for those
who have so liberally made subscrip-
tions. This initial movement for the
advancement of Watertown is but
starter toward what is confidently ex.
pected may result in healthy growth.
1t is not the in eution of the associa-
tion to now lay down its hands, but
launched in the business world, and
if the results are satisfactory. more
extended efforts will be employed
along similar lines. Meanwhile the
officers trust the association may
flourish and increase greatly in
numbers. The hearty cooperation
of all citizens is what is asked for.
The membership should be trebled at
least, which, With the payment of 25
cents dues per month, would event
ually create working capital with
which some good might be accom-
plished. The regular monthly meet
ing of the association occurs next
Monday night, when it is hoped there
will be large turnout.
The plan on which the Henry COM
pany was induced to locate here is
as follows: The association is to
erect the factory building at cost
not to exceed $4,000, retain title in
its own name, and execute land con-
tact in favor of the Henry company,
the consideration of which is to be
$4,000, the amount expended on said
factory building, the Henry company
binding itself to pay said sum in ten
equal annual installments, the first
payment to be made January 2, 1902,
aud are to have the option of an
ticipating any of these payments on
the basis of five per cent. per annum
discount. Said payments are to be re-
turned pro rata to the subscribers
to retire bonds secured by mortgage
on the property given them upon pay
ment Of their subscription, said bonds
to run without interest
The committee soliciting subscrip-
tions for said bonds has not had time
to see all parties whose interests are
affected and who should give a help
ing hand, but it has thus far succeeded
in getting over $1,000 pledged and
still needs several hundred dollars
more. The committee reports that
it has been received very courteously
and secured liberal assistance from
all parties auproHchod and it is the in
tention to give 70 b~ n.tpe~s for publ
cation list of all the public spirited
citizens who have assisted in securing
this enterprise for our city. This
will not, however, be done for several
days, as the committee wishes to see
some who ought to render their as
sistance in this matter, and also give
time to those who desire to help but
have not been approached Any
amount from $25 upward is accept
able this being the lowest denomi-