The Plymouth tribune. (Plymouth, Ind.) 1901-1911, 1901-11-21
PIANO FACTORY
Near Consummation Of a Beneficial
Project.

Early in the summer negotiations
were opened by the Plymouth Bust
ness Mems association with firm of
promoters in Chicago concerning the
location in the old Novelty plant of
piano factory, as was related exclusive
ly in the Evening News at that time.
The establishment in view is one of
high standing and is operated success
fully in a western city, and it has sat-
isfactCry reasons for changing its To-
cation.
The negotiations have been quietly
conducted in business like way on
both sides, resulting in definite and
acceptable statement of the terms re-
quired by the proprietors of the in
dustry to be complied with here in
order to bring them to our city. 1t
is not deemed prudent at this time to
disclose the identity of the concern or
to make public statement of the full
terms of the proposal, for the reason
that a premature disclosure would per-
haps embarraSs it i'm the trade it repre-
sents, but it may be said that the in
vestigations by the local association
have been thorough and satisfying and
that for sum approximating 49, 900 a
guarantee will be given to employ 100
men for term of five years. The
money is not to be paid to the COM
pany, but it is to be invested in the
Novelty plant, the title to which will
be held in trustee until the terms of
the agreement shall be fully complied
with, after which the title is to pass
to the company. The interests of
Plymouth citizens are fully protected
in every way by tie proposedlcontract.
A subscription paper has been placed
in circulation and almost the required
amount has been subscribed. There
should be, and probably will be
no difficulty in securing the full sum.
Every citizen and owner Of property in
Plymouth has a direct interest as
beneficiary i'm this undertaking. In
behalf of the gentlemen who are vol
unteering their services as solicitors it
should be remembered that their in
tereStS are no greater than those of
other men and it should also be re-
membered that the association they
represent is composed of honorable and
capable business men who would not
lend their sanction to the solicitation
if they were not, after full cxami-
nation, satisfied that the plan is feas-
ible and worthy. Put your name on
the list and bid the solicitor Godspeed;
he is working for you as well as him.
self and should not be treated like
book agent or detained by unnecessary
questions.
The subscription for the proposed
new factory is going forward auSpic-
iously and it may be confidently said
that the necessary amount will be
raised and that the requirements for
bringing the concern here will be met.
The proposition, stated more fully and
actly than before. is as follows:
The people of Plymouth are to turn
over by good and sufficient title to
the new corporation the plant of the
Indiana Novelty company as it now
stands. ThiSwill require $4,000, the
sum now being raised. The new COM
pany will at once improve and equip
the property at an Expense not less
than s25, 900, it will employ at least
30 men within one year, Is within the
second and 100 within the third and
for two subsequent years, and it will
give satisfactory surety company
bond for the performance of these
conditions. A contract secured by
such bond is to be made by the COM
pany with the Business Mems associa-
tion before the real estate shall be
conveyed to them.
This is fair arrangement and 1T is
advantageous to the city. The
amount asked will hardly pay the ex-
penSe of removal and is a mere baga-
telle compared with the value of such
a plant even during the stipulated
time. The location of a large bust
ness here, with the investment of
s25, 600 in buildings and machinery,
could we'll be taken as a sufficient
guaranty for permanence even with
out the proposed bond. 1t will nat
urally be to the interest of the COM
pany to grow as rapidly as possible
and to employ all the men it can find
labor for, and these men will be largely
skilled mechanics and will have fam
lilies. Let no man fail to do his part.
With Hurricane Speed.
The Berlin CORRESPONDENT of the