The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1907-04-17
CITIZENS MEETING WELL ATTENDED.
Plans for iron Plant Approved and Lher-
al Sums Subscribed.
Location Here Almost Assured.

L ne Iunllf meeting OF cltl2enS 81
| LambertviIle held in Lvceum Hall,
Thursday evening, to determine the
attitude of the people in regard 10 he
| location of an iron industry here, to
| secure money as an inducement 10
| the concern, and also TO give local
people the first opportunity to seeute
tue bonds which vii be issued, wns II
large aud enthusiastic gathering.
The detailed proposition Was ex-
planned by A. q Smith, secretary of
the special committee Of the lambert
vile Business Mems League. The
factory now occupies plant III Phia
delphia, where IT is eramped fer ROOM
The company manufacture travelling
cranes, steel structural work, centti-
fngal pumps and yuIious pattern
work. 1t now employs about 50 men
and propose to use about $50 med to
commence with here.
It Is the desire to remove the entire
plant and Offices to Lambertyile, lo-
eating on tact containing about 10
acres, bounded by Cherry, Main and
mon streets. Two buildings will be
erected, one of which will be e50x10
feet
The buildings will cost about 2l7,-
900; new machinery, Sl2'oooi railroad
facilities, 81 800, concrete foundations
for the machinery, s, 900. The work
Womb tnke abont six months for com
,l.,i,,,, ona aL,,, Al .Lillol ,,,aoba,,
-. :,
les "o'ilu theh ne ol"tSht 'rotn INC
present plant.
In order to secure the industry it
vii lao noaass,.y IN ,aise ee ooa fa,
-
Tue lana atd part Oh Tue expense OF
moving and to dispose OF Tls, 900 III
| bonds. having per cent. free from
+axas Ia lao secnrad hv tho oseata of
.He pun
The assets IN excess OF liabilities
are 2f4l O0I
I, - nronasaa Ia ona,ota ont,raiy
ny elec'iicitN "ii't !" "a "'l W 'e'' 'uc
project very fafotalle rate mas been
arranged with the Heat, Light a
| powar Comnauv
~,
ne w i"0"' ''''''ii'' 'o' ''''''e ~ y
following report
J,ambe,tville y Aeril H. loO7
........;....=a...
~ ,a' = -. =
po'i'oV ~ ~ - ~ - : " : ~
committee III feTata 10 Tue tlol1osl-
tlon from tue iron co would re
specially report that we nave care,
fully gone over the papers submitted
by them ana nave made investigator
through the various Com hetcial
Agencies ana othef sources ana so Tar
as your committee can possibly de-
! termine, We hhd that the pfoPflelots
are men OF standing ana teshohsipli-
lty and the iron I" ms prosperous
ana thriving business aua anl NJ 1l',
assets appfoXInatlnS Sl00' 900 900
which your committee feel togethef
! with the bindings anu grounds pro
Pose'' ioi ','oiu ~. - s's1i go
9iioo!o ''iD 80 H. ,i.5'.eoa,.l IN,
Wh,la ve ,ealize fiat there IL n Ger
tain amount Of business risk connect
ed with any enterprise and we would
not desire 10 I've ,ue ,ili', es9i1' ,na'
iase ,IIa'v wonId incnr absolutely no
hnsiness risk in aiding the plan, we
feel that the proposition Is very falf
one for our city ana better pr9posi-
,ion INN INN ia7 e,e, 81 60 800 taw,s
Of ms size and we fully believe that
| il the PROJECT can be carried through
that 1t Will result Ia ere at beneht TO
our com n,a1'f fsr "a hnard If Trustees
Ia consnmmated that the interests Of
the subscribers will be safeguarded in
a careful and conservative manner
It is our opinion that the proposed
plan should he made success and we