The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1902-11-24
FACTORY QUESTION AGAIN
COMMITTEE WORKING FOR HoUs-
TONS FUTURE.
Address 10 the Public VIII Be Issued in
Day or Two and Stock Subscrip-
tons Solicited.

Now, that the excitement Of the Carnival
eeieoration Is past and Houston takes a
siance over the volume Of unfinished bust
ness piled uD while the weeks vacation
was being enjoyed, the most important mat.
Ter Is that OF the projected corporation OF
private citizens duly organized under the
la"s OF the State and having as its pur
pose the promotion Of manufacturing en-
terprises desiring to locate in Houston, but
requiring financial aid ia order to do So
Inc Post has stated the plan Of organiza-
uon ana the object of the proposed corpor-
auon' but the recent tidal wave Of hllarity
seems TO have washed from the memory of
many al recollection Of the aims ana scope
OF the suggested organization First. II
must be recalled that It has been ascertain.
ed that the State laws Of Texas authorize
the formation OF corporation, the object
oil which corporation is to take stock In
ana promote Manufacturing companies or
corporations This takes away all features
AKIN to speculation, as every subscriber will
ttSeiNe certificates for the amount of stock
subscribed and the funds eau onl- be used
~ I9utLtIerlhg the object above stated Inc
sloCkholdors will, Of course, he Houston
BUSINESS men and capitalists aud those who
hre interested IN Houston's welfare THESE
stockhoiders will choose board OF d.
fectOrs VIII elect the officers OF the corpora
ion. All organizations In surrounding cities
tDat have located factories swellel the
NOlume OF annual business In their cities
1llu increased their population have had
funds with which to 90 out in the world
ana negotiate with industries known to be
Saie ana worthy OF assistance and then
bring them to their home cities This
Is what is proposed to be done here.
chairman Ross Of the meeting held on the
lo.h, AT winch the plan for Houston's adj
hh1Sheelaent was discussed has lost none OF
demonstrated that we are very wide awake
and ! am anxious TO get the factory -locat.
ing corporation organized at once" said
ne. Inc people should be given to UNI
uerstand that they have an opportunity TO
get In on the ground floor on the hest
proposition ever put before them. Mem.
btrs Of this proposed corporation viii hold
STOCK IN every factory and every inLlstfy
we locate and as we will have as our di.
rectors only men OF tried business ability
Jhey viii not take stock In any fy-Dy night
concerns. In addition to aiding Houston
when viewed from purely commerciai
standpoint, Il is proposition that Invites
big Investment and know we will nave
70 trouble In S-lllng from 100000 to $500
uuO worth of stock
Captain #. A Relchardt. the cashier of
the Planters and Mechanics National bank.
was interviewed by a Post representative
and said: II have not thoroughly invesH-
gated the proposition but from what | have
read. It appeals to me very strongly. III
sufficient stock Is subscribed to make the
corporation a strong one and we can go
out and bring a number of good industries
into Houston, l must say that | heartily
approve OF the movement"
Chairman Edgar Watkins VI the commit.
tee appointed to secure subscriptions, an
nounces that the circular letter setting out
Ia full the plans Of the proposed corporation
VIII be Issued tomorrow or "Wednesday and.
after the public has thoroughly studied the
question, his committee expects to secure
all the subscriptions desired within three
days time.