The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-06-20
Citizens Realize That If Rich
mond Completes With 9th
er Cities This Must Be
Done.
SUCH FUND MUST BE
USED JUDlClOUSLY.
Officers of Various Improves
ment Associations and
Commercial Bodies Com
ment on Situation. ]

There is a probability that a move
ment will be inaugurated to raise a
factory fund in this city. The loss of
the Westcott Carriage company has
brought the business men of this city
to realize the necessity of creating
such a fund if Richmond intends to
compete with the other cities of this
state.
A canvas made of representative
business men shows that all of them
are in favor of prompt steps TO create
factory fund. but all of them are OF
the opinion that such fund should
be used with the utmost discretion.
avoiding the mistakes made by sever
al Indiana cities, especially ones in
the gas belt, which have factory funds
and have used them in securing factor
les which are nothing more or less
than white elephants
Monday night there will be held a
joint meeting OF the representatives of
the various public Improvement organ
izations and it is expected that at this
meeting the movement to create gen.
eral factory fund will come up for dis
cussion.
Today officers of the Young Mems
Business club the South Side I'm
provement association. the CONNER
cial club and the West Side Improve
ment association were interviewed to
ascertain their opinions of the move
ment to create factory fund. The
following statements were made:
r. G. Leeds, president Young Mems
Business club-"A factory fund is all
right il it is used properly. In some
to locate in Indiana cities by giving
them bonuses. and these same factor
les have proven to be wildcat affairs
on the verge of bankruptcy. or they
have remained in the city where they
were induced to locate until they were
offered bonuses to move elsewhere.
Favors the Fund.
IF the right kind of factories can
be induced to locate here by means of
a factory fund, then favor the estab-
lishment of such a fund Richmond
has never looked with favor on a
movement to establish factory fund.
This movement is now general
throughout this section of the country
and in most cases the cities which
have made the experiment have been
benefited. Take Terre Haute for in
stance. That city by the judicious use
OF its factory fund has doubled its
ffao
| frown on a movement to establish a
| factory fund in Richmond for the rea-
son, they assert, that Ii would tend to
complicate the local labor situation. I
think that by establishing more fac
| tories in this city the labor situation
would be improved and that there
would be a better market for labor
Is a Good Plan.
A. II. Blickwedel, president South
Side Improvement association-"The
South Side Improvement association
has been working to establish a fac
tory fund and l think that it would be
| a good plan for the business men in
every section of the city to join in the
movement to establish it. | think
this matter should be brought up for
consideration Monday night when
joint meeting of improvement asso-
Citations is held"
Anticipates Hard Task.
John F. Mccarthy. president Com
mercial club-'The idea of creating a
general factory fund is a good one pro-
viding the fund is used judiciously. I
think that il would be hard to raise a
/ factory fund in this city. 1t has been
tried before without success. The
South Side Improvement association
by creating the Beallview addition has
come nearer establishing such a fund
than any other organization which has
attempted this movement. The South
Side Improvement association because
it is working to establish factory
fund for that section of the city might
take luke warm interest in a move
ment to establish a general factory
fund"
| Wants Only Good Factories.
| Dr. S. Edgar Bond, treasurer West
Side Improvement association-.I
brought this movement up for discus
sion at the meeting of the West Side
Improvement association last evening.
The members of the association would
favor the creation Of a general factory
fund, but the association does not fay-
or the establishme Mt OF factories in
West Richmond except along the rail-
road In my opinion Richmond must
have a factory fund IL 1t intends TO
keep up with other indiana cities. The
right kind Of factories should be
brought here, consequently the fund
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