The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1907-08-16
bull DING UP BUSINESS
AN ORIGINAL PLAN TO TEST
NEW ENTERPRISES.
AN INDUSTRY INCUBATOR
Suggestions as 10 Assisting Small
Manufacturers Toward Success
and Helping Town Interests.

REGARDLESS OF the magnitude OF a
city or town there must be employ
ment for the people. In fact, popala-
ton OF any city depends upon the op-
portunity that IL may aford the resi-
dents gaining a livelihood The aSri-
cultural town receives its support from
whatever mercantile traffic il can gain
from Contiguous territory. and what
industries in the manufacturing line
that can be advantageously conducted.
The city draws support from the
smaller towns in an area OF country
which. owing 10 its geographical posi-
ton and what other advantages II may
have. II may command the trade OF.
IL is 10 the advantage OF every
town 10 have as many manufacturing
plants as can De profiieoly operated.
Natural conditions regulate manufac-
turing TO a great extent Transporta-
ton facilities. the cost Of raw material
and fuel are highly important factors
yet there are certain lines OF small
manufacturing that can be well car
ricd on in any comUunity II only
rightly managed. For many years
ambitious towns have followed the
practice OF Offering bonuses 10 manu-
featuring concerns in order 10 secure
their location. The bonus system has
not always ope---d satisfactorily
Too often promoters OF manufacturing
enterprises look 70 the bonus offered
as a means OF making profit rather
80 . h1 = fHr.s.r ~ tho
business. Then. again. there are
stock jobbing sch emes that operate In
connection with the bonus plan. and it
has been known that hundreds Of
thousands OF dollars have been lost by
people anxious 10 further the manu-
featuring interests OF their home
towns
Numerous manufacturing centers
have been gradually built up through
the right kind OF cooperation OF the
citizens. There is one prosperous city
n Illinois that owes its activity main
ly 70 the plans pursued BY an enter
prising class OF Swedish citizens. who
some 30 years ago organized
Swedish Aid society. This society ad-
yanced money 10 worthy workers who
desired 70 engage in business. Officers
OF the society supervised the business
to a great extent. and small concerns
which were established have grown 10
be factories whose output run well up
into the millions annually This aid
society loaned money to be repaid
from the profits OF the business. The
plan was a successful one.
The system here referred to sug
gests a means whereby each town or
city which desires TO build up manu-
featuring interests can do so at the
minimum cost: that Is. that the dan
gers and objections offered by the
bonus systems are entirely eliminated
as is also the chance for promoters 10
reap a harvest through the exploita-
ton OF uns0und enterprises This
plan involves the Incorporation OF a
promoting company. Local capital
may be subscribed TO whatever extent
is deemed expedient To illustrate.
II an organization be formed with s25.-
600 capital $40 900 Of this capital can
be employed in the equipment OF a
building for manufacturing purposes.
This building can have facilities for
/ half dozen 10 a dozen small manu-
featuring concerns. The power neces-
sary may be supplied from a general
| power plant The machinery for man
| ufacturing can be installed as required.
A board OF directors shall be selected
TO oversee the business Whenever
a small enterprise is found to be seek
ing a location. the directors are en-
powered 10 negotiate for its location
/ in the town. The concern may be in
corporated and a small amount OF
| stock taken by the holding company.
! Facilities for manufacturing and mar.
\ keting whatever the product may be
are afforded. IL the enterprise proves
| successful il can be moved from the
| experimental station into a separate
building. the holding company invest
ing In it's stock. and the dividends on
! the stock can be placed in the general
fund for the extension OF other enter
prises. Should an enterprise prove tc
be lacking in merit IL can be discard
&c. In this manner from half dozen
TO a dozen different enterprises car
be carried on and thoroughly tested al
to practical workings. OF course. Il
must not be expected that all OF the
undertakings will prove successful
but II good judgment be used In select
ing enterprises. a large percentage
VII prove profitable. Those who sub
scribe for the stock OF the holdinl
company can be compensated by re
ceiving an equitable percentage upor
the amount invested in stock
This plan eliminates the objection
able features Of granting bonuses anC
the subscribing for stock in concerns
that are in embryo stage and pureI.
experiments.
No Good 70 Town