The star. (Reynoldsville, Pa.) 1892-1946, 1907-01-16
A Few Facts Concerning an Important
Industry which Reyno1dsville May Secure.

citizens meeting held in the Reynolds opera house
last Thursday evening for purpose hearing the propo
sition explained in relation the Standard and Eoup-
ment enterprise At this meeting Homer Case president
and A. Granville secretary and treasurer of Pttsbure
and explained what this concern intended IN
do and also answered questions by citizens which made
their plans clear and satisfactory all They explained
that their company had acquired the business machinery
patents and patterns of the Ptsburg Woven Wire Fence
Company and they also the patents all over the world
for their steel tie which model perfection and Is beipg
used by several railroads is giving perfect salts
faction and there not the least doubt tits the coming
tie that all railroads will and adopt They read
number of letters from eminent railroad engineers ecom-
mendng their steel tie and stating that the is near at
hand when the railroads will be using other kind of tie
But they stated that should they locate here hey woud
not manufacture the steel tie for possibly year or more as
it branch OF the that would have
just other product has to be- of starting
of with the manufacture OF the steel te they would manu-.
lacture wire fencing and steel fence post The first build
ings built will be Of brick story high go 5O feet and
40 200 feet one being factory building and the other
ware ROOM This firm two looms ready to set and
begin the making Of wire fence The two looms have
capacity OF 1000 rods OF fence per day at profit Of seven
and oneha cents per rod which S5 per dav NJ
profit and just they know that they are to locate
here they will order two looms and install them and
continue to add to equipment until twelve looms
which will be the capacity of the first factory building This
factory will work three eight hour shifts per day of 300 davs
Of
forty men at good and they promise that by the end
Of the after they start they will have twelve looms in
stalled and will be employing two hundred and forty men,
and that the factory will be continually increased in size from
year to year. the firm have orders entire output
no difference what the capacity s
The capitalization Of the Standard Tie and Eouipment
Co. is 50 100000 Oneha is in the treasury therefore does
not draw dividends and held for the sole purpose of being
sold whenhe company desires obtaining more
to build the steel tie department. which destined
hot HoI.
twenty cents for each dollar it makes s340 including
the $4,000 to be placed in Reynodsve therefore, II thew
pay six per cent dividend which seemingly there is no
doubt they will, this amount the factory must earn
for this purpose, but they showed that the factory
will earn, with four looms $4,000 per day. or per
year 300 days which will leave for beterment of the plant
24600 after paying six per dividend on the cash
valuation of the issued stock The income OF the factory
will be doubled eight looms operation and
at the time about hundred and fifty men would be
employed They also stated that they are able TO begin
business soon here there why they
eight looms going by July August next These people
themselves will furnish 500 the working capital of the
company in cash. Mr. Granville the secretary and treas
Of this company holds the position with the Avon
Cast Steel Company, Of Avonmore Pa successful
enterprise he promoted just the he doing In this
They do not want in the dark in this matter
and invite investigation. They will agree anything that
fair honest and legitimate be noted letter ad
dressed to W. W. Wiley appearing elsewhere in this issue
of The STAR showing what they will do make all invest
SAFE They will meet people any fair proposition
that be made after the $40 in cash subscribed and
know that we. business The business what
made MonessenPa and prospects just bright for
the business make Reynodsvie on such life
and activity as before
1t is up to people to make determined effort
and this industry for should deaf
such important industry and the opporune time
ing it, it will regret for all time hereafter Let the
citizens display enterprise worthy Of the assist the
committee in every way this industry We posi-
lively need it.