The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1910-06-17
500, 900 REQUIRED
FOR NEW INDUSTRY
Board Of Trade Discusses Two
Propositions at Special Meeting.
ONE is PRACTICALLY ASSURED
VIII Occupy Williams Factory and
Manufacture Staple Ar,lele-Loeai
Financial Aid Guaranteed Business
Is Small but Promises TO Grow.

A spccial meeting 81 the Brattlehore
board 81 trade was held IN Festival hall
last evening 10 consider two propositions
looking 10 the bringing of new indus
tries tn liaitlehoTo Ia the near iutur,
nne Of these industries fcqulIce capital
al some s.O,OO0 aud Will move 10 Brat
tlcboro ii $500 can br raise'l here. The
board u trade committee had already
raised si,O0O when a man became inter
esicd in the scheme and alter looking
into IL carefully, expressed Wiling
nc.s TO put up the whole amount
Il the present owners would put up
an equal amount and move Their
plaut here. The Williams factory viii
h, occupied by this concern, and il
!. practically assured that the business
will be added 10 our industries IN
short time. This fact was announced AZ
the meeting last night. no other action
being necessary. a- nothing Is required oi
the board Of trade. The nature OF TINS
concern aud further particulars are WITH
held until final arrangements have been
completed. II is a small business at
prrsent. but will undoubtedly come here
and will probably grow very rapidly.
The second proposition requires a cap
ital OF $4,000. of which the present
owners are prepared TO furnish $4,000
II a like amount can he raised IN Brat
tlrboro. for which they viii issue seven
Der cent preferred stock. they them
selves holding common stock Tor their
share. This firm Is already engaged IN
manufacturing and selling their goods to
an amount of about $4,000 month,
and II they come here will expect to
double their capacity. employing nearly
100 workmen. They make gross proht
of over 30 per cent on their business and
a net profit of over II per cent, accord
ing TO the statement of the head of the
firm, who was present at the meeting
and showed samples OF the goods anu
explained the business. The business has
bcen investigated by the committee oil
The board OF trade and appears to be
promising one. The representative made
a good impression on the members
present. and was willing to furnish any
information or to show the books oil
the company TO prospective investors,
No action was taken on TINS prop.
osition, but il is likely that an effort
will be made to secure subscriptions LOT
nreferred stock to the necessary amount
bv individuals. Further information viii
be made public with reference to TINS
industry later. 81,
II was suggested by President Cowles
that arrangements be made to entertain
business men from neighboring towns,
who are accustomed to doing their buy
ing in Brattleboro. and that an appro-
nrIation of $3.50 or 500 be made for this
purpose. w. II. Bracket moved that
this suggestion be carried into effect and
il was so voted. The matter was then
referred to the house and entertainment
committee, OF which Arthur L. Simonds
Nothing was done with reference to
the proposal to build summer hotel
here. but those who have looked into
nlans are enthusiastic in their belief that
a good hotel in Crowell's park would
be paying investment as well as a sub
stantial benefit to the town, and 1t is
boped that means will be found to
finance the scheme before very long.