The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-01-05
Reports Read Show That the
Past Year Was a Banner
One and That Section of tho
Town Is Booming.
ONE ACQUISITION IS
LARGE TOOL FACTORY
Locating of That Concern in
BeaIIvieW Promises to
Make That Locality Great
Factory District.

The annual meeting Of the SOuth
Side Improvement association was helA
last evening at the old engine house.
Sixth and South E streets and was
largely attended by members OF the
club. and invited guests. Following
short business session. in which the
annual reports were made and the in.
staIlation of the new officers.
with Adolph Blickwedel as president.
Hans Kohl. as vice president: Matt
Won Pein as secretary and Anton
Stolle as treasurer business was tabled
and the members held a social session.
Most important of the annual re.
ports was that Of the president who. in
his. reviewed the work Of the associa.
ton during the past year and. insofar
as accomplishments are concerned. tho
year 1909 was one OF the most success.
full ever experienced. by the organiza.
tion. One thing alone which marks
the progress of the club. is the secur-
ing OF the National Automatic Tool
Works. Dayton. Ohio. concern.
Not Only Accomplishment
This alone was not the only accom-.
plishment as during the past year,
many improvements have been com.
pleted. and many others. equally Inn.
portant have been. started. Finan.
cially the association is in good shane
| although deficits In certain accounts
exist.
In his first item Of review. President
Blickwedel refers to the completion OF
South l. street. from the Boston pike to
Liberty avenue. and says that this road
is one of the most improved in the
| county The second accomplishment
| referred to by the presiding officer,
~as the establishment OF a grade in
Beallview. with the assistance OF the
city engineer. The next is the con-
tract made with local abstractin9
company to furnish abstracts to all
purchasers of lots in Beallview.
Boom to eeaIIvievs.
In referring to the Automatic Tool
Works. the president calls attention OF
the 2::s2 members to the fact that tho
National Automatic Tool Works will
be the making of Beallview and the
beginning of the Importance of South
Richmond as a manufacturing district
He says in his report that the associ.
alton has agreed to give a bonus OF
$4,000 for the establishment Of the
plant IL 1t employs 100 men and 5000
additional II the plants pay roll in
cludes 125 men.
The improvement OF South Eighth
street, from the the north to the
south boundary of the Beallview addi-
ton. was started during the year. Ce-
ment curbs and cutters. cement side
walks. on the west side Of the street.
and a gravel roadway are the improve
ments authorized. The sidewalk has
already been completed and the others
will be as soon as the contractor can
begin work in the spring. The South
Eighth street car line will be extend.
ed in the spring.
OF the original sos lots in the addi-
ton. the president reports that 3S7
have been sold and but 3O2 lots remain
for sale. In this connection, those still
for sale are as valuable as any In the
addition. Forty-two Of the lots are
reserved for park purposes and 172 are
reserved for factory locations. The
factory fund realized from the sale Of
fots for the most part, amounts to
$4,000.
The Overall Factory.
The overall factory IL said to BE- In
, good condition. During the year 500
was received from this source which
added to the s479.A in the treasury on
, January /. 1909. makes the total for
the year. $S19.1. The disbursements
: were 1891 60 leaving . balance In the
, treasury December 81, 1900 Of $4S7.S1.
There are 3O1 social members Of tho
association and their dues of 81 . year
, are used to purchase shares OF stock
, in the overall factory.
, The deficit In the social fund was re-
, duced during the year. It now amounts
to but s123.9 However, in the Beall-
view fund the deficit during the year
. increased At the time of the max
ing of the last report. the deficit in
the last fund was $16s.S6. and the dis
bursements for the year were $685.
1a During the year $9.O13.38 was 10
jceived from the sale Of lots leaving .
, deficit for the year Of &28282. Tho
total deficit, including that Of the 90
cial fund and the Beallview fund. n
$40611. The receipts from tie over
all factory being in excess to this
!. leaves Q balance In the treasury OF
II $61.76
1l The 0eallvieW Debt.
In regard to the association debt IN
Beallview. the presiding officers re-
(Cootinued on Page Eightl