The free lance. (Fredericksburg, Va.) 1885-1926, 1903-03-05
BUSINESS MEMS ASSOCIATION
Officers Chosen For tho Tear-Mr.
Green Addresses the Body
Matters OF interest Discuss
ed and Reports Heard

A regular and well attended meeting
OF the Business Mems Association was
held Tuesday night. with President W. ID.
Carter presiding There were no reports
from the regular committees and Mr.
BiScoe. Of the Special Hotel Committee.
yielded to SIR Sten2le. who stated that
he bad Oh, rel TO rent the Exchange. pay
ing "A years rent in advance. but that
those who have charge of the property
had refused to rent the house TO anyone
other than An experienced hotel man.
which he was not The committee as
continued.
At the invitation Of the President Mr..
Chas. j. Green, President of the Kenmore
Shoe Company. addressed the Associa-
tion. Mr.. Green stated that it was the
desire OF his company to enlarge the
-cope and work of the plant and they
desired the cooperation and sympathy
of the business men of fredericksburg
Golng straight to the point Mr. Green
said that the company offered the people
guaranteed investment in the way of
preferred stock bearing per cent. inter
est aud he thought. but did not guaran-
tee that the stock would pay 10
per cent. 1t was proposed to capitalize
the company at 100000. 100000 Of
which would be for sale as preferred
- 'rk. the reminding one hundred
thousand 10 remain in the possession q
the present Kenmore Shoe Company,
who, Mr. Green stated, proposed TO re-
tain controlling interest in the bust
ness The stock. which will be preferred
said MIR. Green, would in addition to the
guaranteed return. share equally with the
common stock all profits remaining af-
ter the payment of the preferred didvi-
dend. The matter was referred to
the Committee on Manufactures
Mr. Stengle stated that the Manufac-
lures COMMITTEE was in correspondence
with the Eureka Plow Fender Company.
IF Hawesville, Ky, which was consider
ing the advisabiiity of locating here
The report Of the treasurer, showing a
balance of 500 % in the treasury. was
read by Mr.. Isaac Hirsh Mr. Hirsh's
report showed expenditures during tine
fiscal year to have been 1922 so Ofthis
amount Sill was eXpeuued in securing
acreage for the Roberts Canning Fac
tory; Sl1353 for travel vouchers. and
5000 To the Special River Boat Commit
tee.
The report OF the secretary was re-
ceived and filed.
Nominations for officers were declared
in order and Mr.. Rowlett presented the
name OF Capt NJ b Rowefor president
/ lie was unanimously elected. the secre
tary. on motion OF Mr.. Isaac Hirsh. cast
ing the ballot for the Association Other
officers were named az follows:
LIST Vice President. G. W. Jones: 2nd
ice President C. C. Rowlett: Bird Vice
/ President. r l.. fiiscoe: Secretary. +
/ W Stearns, Treasurer. Isaac Hirsh.
On motion Of Mr.. Goodrich a rising
vote OF thanks was rendered the retiring
/ President, ". ID. Carter The latter adj
dressed the Association and gave an ex-
tended review of the Associations work
during the year. referring especially TO
the successful establishment uf the can
ming factory and Of a river boat line on
the Rappahannock Mr.. Rowlett then
took the chair. aud on motion the Associ-
alton adjourned