The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-11

ton. 1 told him that 1 would invest in the
business the proceed OF the sale of one hun
dred lots in the addition. A humble of
prominent citizens of Anderson took Off
their coats-fOr il was warm weather-and
went to work to sell those lots. Well, they
succeeded and the factory was located in
Anderson and now it is regarded as one OF
the most substantial and helpful Industries
in the city. Its capacity mex year will be
just double what il was when the factory
was built in Anderson. l tell this incident
merely to show that it is possible to Sc
cure a factory sometimes without laying
out any money. Nobody was out a cent on
that transaction. 1 still have my stock m
the company and it is a good investment.
too, and the only expenditure made by the
public-spirited citizens of Anderson was an
expenditure of time and labor in selling
the lots. / have never heard any Of them
say he wishes he had not done it
FUND SHOULD BE CREATED.
Zone of the great difficulties in the way
of securing the location of new factories
here said John j. Appel. has always
been that our business men cannot be in
duced readily TO Jake stock in concerns or
that kind. 1t seems strange TO me-, in view
il Il4C ~ AAaI AA1D ttCAA11 NHN 1H.@"
of stock in such enterprises in the few in
stances in which it has been done, that
such difficulty should exist. The Wagner
Plow Company succeeded in enlisting the
interest of a number of prominent business
men and capitalists of Indianapolis. and
the result has been the removal OF the
plant from Vernon, Ind. to a fine site on
the Belt. There is plenty Of unoccupied
-.-..-l H. l. -.,o to;rg+v +ho% GOULD 10
used to fine advantage for factory sites,
and 1t can be bought at IN extremely rea-
sonable fgure-s5oo per acre. If a factory
cannot afford to pay $500 an acre for its
site I would not think 1t was much OF a
factory. 1 can understand very well, how
ever. that owners OF plants In other places
might be reluctant 20 abandon those plants
just for the sake Of coming to -Indianap-
oils on account of superior location and
shipping facilities. In such cases as these
1 believe it would be right to offer assist
ance in the shape of cash bonuse or free
sites"
Mr.. Appel referred to the work the Com
mercial Club and the Board Of Trade do
in the way of inducing conventions TO come
TO Indianapolis. Conventions are provided
for by a special fund.-" he said. raised
among the hotel keepers, merchants. brew
ers and other business interests and not a
cent of the clubs money is used for enter
tanning them. 1t seems to me that il a
fund for securing factories could be raised
as easily as this fund for taking care OF
conventions it would be decidedly advan-
tageous. But we must remember that the
business men of this city nave been pretty
we'll drained by requests for contribution
for this, that and the other event that is
to take place in Indianapolis in the near
future, and hey are not in a frame of
mind to consider further contributions just
now" Mr.. Appel said. however. that both
the Board of Trade and the Commercial
Club are willing and even anxious TO do all
they can toward securing the location of
new factories here. but they feel that they
need the cooperation Of the business COM
munity in order to accomplish tangible re-