The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1900-04-07
TIE wool. EN- IMsiIE.E.S.
Slight Hitch Causing Some Delay
Matter Adjusted Local Men Take
The Matter up in Earnest Mill
Reasonably Assured


Ihe Halter up in Earnest MIL
Z. Reasonably Assured.
For short time 1t looked as th ough
/ che Wooden Mill proposition had come
to stand still, butit was only tenn
porary hitch The difficulty arose over
what disposition was to be made of
the $1,000 subscribed by the people of
Caldwell. This developed when the
STOCK subscribers met for, the purpose
OF forming a corporation. At this
! meeting the following gentlemen were
named "a a as directors: Howard Sebree,
fpresidentof the FIRST Nationa! Bank :
/ Robert ~ ble, largest sheep owner in
Idaho, Of Reynolds; John brennan,
sheepman, Caldwell; j. W. Graf, sheep
man, Delaine and Martin Jensen,
sheepman, Delaine. Then the5question
arose as to where the Caldwell bonus
WAS to go. Mr.. Leyeraclaimed that it
belonged to him, and was in tie nature
OF personal perquisite for his SERVICES
IN connection with the promotion of
the enterprise. Other. gentlemen took
olHerent view, maintaining that it
was the understanding that the bonus
shonid go to the stockholders for the
benefit of the whole proposition, and
That The idea of it was that it was in
the nature of an inducement to those
VINO actually put up the money and
TOOK the risk, 1t developed that Mr..
Lever was not the owner of the ma
chinery which he proposed to put in:
that the cost to him would not exceed
$500; that he was TO get foriit 5000;
$S5ooincash and $4,000 in stock, and
that in fact he did not propose to put
up Collar or assume a particle of
risk. His compensation for financing
the enterprise was to be $1,000, of stock
and job at 800 per month The sub
scribers thought that he ought to be
satisfied on that, so when he laid claim
to the $1,000 bonus as perquisite,
there was emphatic objection which
temporarily endangered the whole pro-
position. However, Mr.. Lever receded
from Lis demand for the bonus, and
matters proceeded. The corporation,
though, was not perfected and these
named as directors act only as COM
mlttee On behalf Of the subscribers to
the stock The matter as itnow stands
is entirely in the hands of local men
abundant]y able to proceed with the
enterprise. Mr.. Sebree put this pro-
position to the committee: Will the es-
taolishment Of wooden mill at CalG-
well be of advantage to the wool grow
erS OF this section. other than as an in
Vestment by itself considered? The
unanimous conclusion was that the
wool growers would incidentally de-
rive considerable advantages, probably
enough to compensate them if there
should be but very lew rate of inter
est secured from the money put into
the mill. Then Mr.. Sebree PROPOSED
that the matter be taken UP seriously
and at once; that steps be taken to as
certain definitely the character and
cash value Of the machinery at Mr..
Levers disposal, and that such an in
vestigation be made as would thoroug-
~ acQuaint those interested in the pro-
Ject with every essential fact connected
with the matter. This was agreed to
and Mr.. Sebree was authorized to take
the matter up at once, and when the
desired information is secured to call
a meeting of the committee and stock
subscribers when the incorporation
will be perfected, and the enterprise
pushed to completion. While some de-
lay has been caused, the turn of affairs
is most gratifying and assuring. The
wool growers AL seem. to have taken
hold Of the matter it'll great earnest
ness and, Of course, have abundance of
means to carry out their plans. The
fact that men of the financial ability
and reputation of Mr.. Sebree and Mr..
Noble have taken it in hand is a guar
antY that business is meant, and, the
assurance is made doubIy sure by the
deep interest shown by all the sheep
men in this section. 1t may be said
that the enterprise is in nowise depend
ent on the result of Investigations re-
lating to the machinery at Mr.. Levers
disposal. If that machinery is not in
every respect up-to-date and satisfac-
tOrV new machinery will he nnrchased
Local capitalists have taken the matter
entirely into their own hands, and will
proceed Oh strictly business lines with
a view to establishing profitable en-
terprise.
A Horrible Outbreak. =
"Of large sores on my little daught-
er'B head developed into case ofscald