Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1902-01-09
SCRAMBLE FOR LOTS
Citizens Enthuse Over the Plan
to Secure the Pottery
Plant.
49,
Forty.four Of the Sixty-four Lots
Taken at the Public
Meeting.
Others Disposed Of Today and
the Industry Is Now
Assured.

! ShalltoWn and 1T Will be taken up Is
the lesson taught by last nights meet
I ing. The pottery plant is ours. 1t
was the fairest. most business like
/ scheme that has yet been brought be-
| fore the public and 1t was immediate
lily accepted. Marshalltown had the
money for the right thing. Forty-two
| of the sixty-four lots We're subscribed
for at the meeting last night and only
| g. small proportion Of our business
men were present, a large part OF the
gathering being men in poor circum-
stances who are looking for job In
the new factory. Within few hours
| today a committee sold the other
twenty-five lots and $4,000 factory
Twill be built Immediately. When built
and in operation the money realized
from the, lots will be turned over to
the company. In five years Marshall
| town will be known from Illinois to
California for its pottery products and
$50 men will be well employed here.
This is the kind Of work that makes
| a town.
When the meeting was called to or
der Mr.. F. NJ. Sutton read the prop
osition made by Mr.. Sunde to the cit
liens which has already been outlined,
| viz, that he would put in $4,000 cash
| of his own money if $4,000 more Oh
stock could be sold, and when the
whole $4,000 had been spent in erect
ling the necessary plant the citizens
should turn over to the company w.
900 In cash for working capital. STOCK
for this $4,000 to be issued to the
holders of the other $4,000 raising the
capitalization to $4,000 actually paid
! in, whereupon $4,000 in stock would
be issued to the pottery expert in pay
ment for his patent rights provided
they proved of value. The business
men who had thoroughly investigated
the plan heartily endorsed it and
resolution accepting the report of the
pottery committee and endorseing their
work was passed by the meeting.
Mr.. f. C. Let's was present and
addressed the meeting, giving Mr.
Sunde the strongest endorsement for
integrity and business capacity any
man could ask for. Mr. Sunde had
been patron of the Let's FLETCHER
Company for years and was we'll
known. The bankers here knew him
and also endorsed him. Mr.. w. w
Doolittle, of the Marshalltown Vinegar
Company, stated that his firm had
sold many car loads of the Weir fruit
jar which was very similar to the
one Marshalltown will make and that
he considered the sample OF Marshall
town jar submitted far superior to the
Weir Jar. The only question in his
mind was "can you make every jar
as perfect as the sampler"
With brief remarks the sale Of the
lots began and it was surprise to
see the men who walked up to take
lots Mr.. Let's said that he did not
consider that his lot would cost him
a cent, for with the factory located
on the land every lot would be worth
more than the 5000 asked for it. Mr..
Fred Hopkins actually made speech
he was SO enthused on this pottery
scheme and the word was passed
around that even local minister o.
the gospel with only small amount
of hard earned savings had applied
for a block of stock. Mr.. Hopkins
told of the magnitude of the pottery
business In England and predicted that
this plant would eventually become
the largest enterprise in Marshall
town.
Mr.. Prescott, the architect, had pre-
pared very neat chart of the grounds
which explained the real estate stu
alton clearly. Samples of pottery
made from the Hardin county clay
were exhibited to the admiration of all
present. When the rush for lots began
the wisdom of the efforts of Messrs.
Sutton, Head and LaPlant in throw
ing the whole scheme open to the pub
lie and exhibiting the lots by use of
free hack became apparent. The
problem was easy when once started
right and these men handled it well.
Mr.. Sears, or whoever the next sec
rotary is to be- show us another good
thing. We want to see the town
grow.
FIND CLAY AT HOME.
A gentleman who became interested
in the pottery plant project visited the
city today and in conference with the
committee stated that valuable clay
beds had been found in the northern
part of Marshall county. The find will
be Investigated thoroughly and it may
result in proving that the Marshall
county land is equally, if not more de-
sirable than the Hardin county clay.