West Virginia daily oil review. [volume] (Sistersville, W. Va.) 1894-1902, 1902-02-07

Our people for many months
have been wanting to get a manu-
featuring plant of some kind To-
Gated here without paying bonus
and a plant that our people could
own stock In, help to manage and
try and rake 1t paying invest.
ment. After years of trial we will
have at last run up against the
very thing we have all been wait
Ing and looking for.
AS we announced sometime
since, some Pittsburg gentlemen
had a representative here looking
for location for glass plant to
manufacture prescription, milk,
beer, whiskey and all kinds of bot
ties. The first proposition was for
our people to subscribe twenty
thousand dollars, one-half of which
was to be bonus. The gentlemen
who are at the head of
the concern came here yesterday
evening and remained over until
this afternoon. They looked all
over the city. They are more than
pleased with our location. They
say with the Ohio river In front of
us, the B. & 0. railroad on the
back of US and natural gas In abun.
dance all around us, with plenty OF
ground away above high water
mark, that they think this Is the
ideal point In the Ohio Valley for
the manufacture of glass.
They now propose that we go In
with them as equal partners. They
will subscribe for twenty-five thou-
sand dollars In stock and pay In
their cash; our people to subscribe
for like amount of stock or more
If we desire to do so. We are to
have stock in the plant for every
dollar subscribed. We are to have
a majority of the directors. That
Is, If we have FIVE directors. they
will have two members and we
three. The money when paid In
Is to be deposited In one or more of
our banks and will be subject to
check only when approved by the
secretary who Is to be man from
Sistersville and the treasurer and
president who will be of the
other men. These officers to
be all elected by the stockholders
and every person subscribing for
stock will have one vote for every
fifty dollars he or she subscribes
for. In other words we have
agreed to form a partnership with
these men on an equal basis, with
full vote and voice in the matter
and equal partners In the profits.
Other plants like this one will be
pays Is per cent dividends per an
mum. If 1t pays we can enlarge the
plant. We will own 1t, run it, see
and know where every dollar goes
and we believe the plant will pay
good dividends.
The plant to build and equip 1t
will cost In round numbers thirty
thousand dollars. 1t will be con.
tinuous tank plant. The other
money, twenty thousand dollars,
will be used as working capital
If the company does not need all
this money the directors will not
call for it to be paid In. The stock
subscribed will be paid In 10 pay
ments Of ten per cent down and the
rest as 1t Is needed to build and
equip the plant. All the money
subscribed will not have to be paid
In until fall. Work will begin on
the plant as soon as we raise our
share of the money. We can have
half the stock or more of 1t If we
want 1t. All the Pittsburg men
want is to have one member of the
directors to see that the money is
paid out properly. They propose
to give us the benefit of their expe-
rience and skill. They believe 1t
will pay or else they are gigantic
idiots to put their cold cash in such
a plant, and that Is what they pro.
pose to do.
We have received reports from
reliable sources as to the standing
of these men. The reports say they
are worth at least fifty thousand
dollars, that they are men who
stand high In their homes for hon.
esty, and are successful business
men. They ask only for fair and
looAck Heal an5 that 80 al 80 1T