Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1910-06-17
NO. "A.
TWO NEW INDUSTRIES
One is Assured and the Other
Wants to Come Here
sites inspected Yesterday-cement Fac
tory May Be BuIlt-8oard Of Trade VIII
Entertain County Merchants.

Two new industries for Brattleboro are
in sight 1t is practically certain that
within the next 10 days negotiations win
be concluded whereby one of them viii
move to the vacant Williams factory on
Williams street. The other concern wants
to move here, and it will do so If Brat
tleboro people subscribe to an issue Of
stock, which is about to be made.
meeting Of the board of trade was held in
Festival hall last night to consider the two
propositions. In regard to the first one
President Cowles announced that a sub
stantial stock subscription had been made,
but that yesterday Brattleboro man who
has had experience in the same line Of
business, and who had become convinced
of the soundness of the proposition, had
made an offer to invest his own money to
an amount equal to the present assets OF
the company If it would locate here, for
which reason no further effort was being
made to secure stock subscriptions. II
is practically certain that the firm will
come without the necessity Of members
of the board of trade buying the stock.
For various reasons 1t would be unwise to
state just al this time what the business
is or where 1t is now located.
The other company is engaged in a
wood working business and is employing
about 40 hands. 1t is one Of the very few
firms in New England engaged in that
particular line of manufacture. Its pres
ent factory is well equipped, but the build
ing, which was erected for other purposes,
is not suited to the work and is remote
from the firms centre of trade. The
senior member of the firm was present
last night and stated that most Of his
customers were within a radius Of $50
miles of Brattleboro and that with a fac
tory here three or four days would be
gained in the time it now takes for the
goods to reach their destination. The
proposition of the company is to issue
additional preferred stock to the amount
of $4,000, bearing seven per cent inter-
est to be subscribed for locally, the stock
to be guaranteed both as to assets and as
to dividends. The company would build a
cement factory two stories high, 60 feet
wide and 120 feet long and it would en-
ploy ultimately 100 or more hands. II
the proposition goes through two members
Of the board of directors will be Brattle-
boro men, provided the board numbers
| five members, and three members will be
| Brattleboro men II the board numbers
seven The business is growing rapidly,
the volume of trade last year exceeding
that of the previous year by $50 per cent
| With 100 hands employed IL is estimated
| that a business Of $780, a year would!
be done.
The representative who was here yes
terday investigated two sites upon which
| the board OF trade holds options. They
are the Prescott mill site and the old
tannery site, both of which are suitable
and are located on Williams street. The
| company now uses water power to some
extent and has an auxiliary steam power.
II the business is established here doubt
| less electric power will be used largely.
! The proposition was looked upon so IA
vorably that 1t was voted to employ an
expert accountant to go over the COM
pany's books, the representative signifying
| his Willingness to have the books inspect
| ed.
It was voted also to have the board Of
! trade invite the merchants of the sur
rounding towns, including the West river
| valley to come to Brattleboro at some
convenient date to be entertained at din
ner and by boat rides on the river and au-
| tomobile rides as guests OF the board.
| The details were left to the house and en-
| tertainment committee.