Evening times-Republican., 1903-08-27
Grinnell Is Ready to Land Big
Machine Foundry-Build-
ing Wanted
LOCAL CAPITAL is INTERESTED
Montezuma Manufactures Interests
SpauIdins, the Buggy Man, and A.
Burroughs in Manufacturing of His
Machines and Repair Shop-Com
pany Formed.

| Grinnell. Aug. 27.-A factory enter
prise in the form of the Kocll Manu-
featuring Company has become a real
ity and all that remains to be done is
for Grinnell business men to do thei'
part and foundry and machine manu-
featuring plant employing forty mer
will be located in this city.
The new company will consist of A
A. kock of Montezuma, A. Burroughs
of Grinnell and II. w. Spaulding, the
wealthy buggy manufacturer. They
are equal partners and the paid-uf
/ capital will be $4,000. Mr.. Kock is
foreman and has charge of all the me-
/ chanics and work. Mr.. Burroughs vii.
| be the cashier and bookkeeper, and Will
have charge of the buying and all the
financial end of the business. Mr..
Spaulding will look after the sales.
| Mr.. spaulding first became interested
| in the matter because of his zeal in
building up the town. He thought a
shop like the one proposed would be a
very great convenience and 6. valuable
ilabor-employing industry. AS he looked
! into it, he saw lot of money in the
! business, and expressed a Willingness
to take a hand with Kock and Bur-
! roughs, and as he is man whose judg-
ment in such things Is OF very great
value they gladly joined with him. II
Will be general foundry making all
kinds of castings for repair work, ana
in addition to this they will manufac-
ture five machines that Mr. hock has
patented. Mr.. Spaulding says the ma
lchines all have very great merit, but
cam be Improved. that all of them are
OF utility and Will sell. ana that the field
is much larger than the output
The business men of Grinnell are
asked TO purchase lot in central To-
cation. adjacent TO railroad switch.
and erect a fireproof, two-story brick
building 60Xl00 feet. with a one story
machinery, engine. boiler and heating
plant will be brought from Montezuma.
This property they are asked to lease
to the kock Manufacturing Company
for ten years at an annual rental equal
to per cent OF the cost. This property
the lessons agree TO sell and lessees
agree TO buy Ut the end Of the lease, or
sooner, at cost. II Is a business propo-
sition pure and simple. and the only
practical scheme that has been sug-
gestea in the development OF manufac-
turas at Grinnell.
The suggestion OF this plan came
from D.. W. Norris at a meeting of the
Corn Exchange. Mr.. Norris, with many
Others. is unalterably opposed 10 wha;
he calls "pauper" factories, and TO any
thing looking like a bonus. He holds
that to offer manufactures sum OF
money to locate discredts a town; to
accept 1t discredits the industry; that
those industries hunting bonuses are
detriment TO any community, and those
industries that are desirable are gov
erned wholly in fixing a location by the
natural advantages of a town, such as
good shipping facilities, good water,
cheap coal, good health, good schools
and good citizenship that will discour-
age the strike spirit. All these advan-
tages Grinnell has in an eminent de-
gree If an industry has merit II may
need capital assistance, but II doesn't
need aims Ii 1t comes as a beggar, it
VIII always be curse to The commu-
nifty.
So this concern is put or. a business
basis at the start. The company has
not the capital to buy the lot and build
the factory. Mr.. Spaulding has the
money, but he does not care TO take
IL out of his business and put II where
1t Will only bring him per cent, and
he ought not to be asked 20 do 1t.
The citizens now have the opportuni-
~ to locate a splendid shop that will
employ forty men within twelve
that will be a great convent
ence and manufacture useful articles.
II is an industry that will make money,
skilled labor and pay high
wages. 1t is up to the people now. The
people are asked to lend this concern
s., 900 to $4,000 for ten years at per
cent and keep the title TO the property
until they are fully paid.