Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1910-10-21
$I2O,OOO SUBSCRIBED
Work Begun Today on Site Of
Big Cotton Factory
Board Of Trade Committee Has Raised
Proportion Necessary to Secure In
dustry Capitalized at $45o,ooo.

Three cheers for the committee OF the
Brattleboro board of trade upon whom
has developed the task of securing sub
scriptions to the stock of the Fort Dunn
mer Mills! They have disposed of the
first of three important conditions nee
essary to be fulfilled in order to secure
for this town the big cotton mill prom
ised by men who have raised 1890, 600 in
outside capital with a view to erecting
the mill in Brattleboro. At about Gas
o'clock last night the final thousands Of
the 1920 900 Of Brattleboro money needed
to make up the capital stock of $450,000
was subscribed. 1t was an intense mo-
ment and it was with mingled emotions
that the members Of the committee who
had met to counsel together realized,
when a well-known citizen put his name
down for $4,000 Of stock, that the goal
toward which they had pressed forward
assduously for more than three weeks
actually had been reached.
This committee has shown to the
country what tact and energy can ac-
complish in a comparatively small COM
munity, but while the first big condition
has been met it must not be forgotten
that two other important conditions re-
main to be complied with and that upon
the outcome of the endeavors in regard
to them the question of securing the big
industry really depends In addition to
taking $4,000 OF the stock the town
must vote to exempt the mill property
from taxation for a period of 10 years
and must agree to furnish at least so
tenements for the use of employees. So
reasonably certain is it, however, that
those propositions will not prove
stumbling blocks that Edward C. Chace
Of Providence, who probably will be the
president and manager Of the Fort Dunn
mer Mills, has engaged Gilman & Helyar,
a BrattleboTo firm of civil engineers, to
begin work today to furnish the archi-
tects with plot Of the factory site. Mr.
ChaCe was in town Yesterday. 1t is eX-
pected that the work of putting in the
foundation will be done largely this fall.
4 special meeting of the town will be
called within a few days to act upon the
question Of tax exemption. 1t is not
likely that any opposition to the pro-
posed exemption will develop. when the
great benefit which the town would de-
rive from the mill in many ways is con-
sidered. The committee are confident all
so that they will have no difficulty in
providing the 80 tenements called for
Ellis Jackson Of Providence, mill tene-
ment architect, will be in the board Of
trade rooms in the town hall building at
$50 tonight to meet all who are inter
ested in furnishing tenements. Mr.. Ellis
will give free fun information as to the
kind Of tenements wanted and the ap-
proXimate cost. Building lots are avail
able at small cost
or the 1920. 900 in local subscriptions
$4,000 is in amounts not less than $1,000.
There is one subscription Of 10000. three
Of $4,000. five Of $4,000 10 Of $1,000 and 25
Of $1,000. Subscriptions in $500 Jumps
aggregate $4,000 The balance IS in
small amounts. down to 500. The mem
hers of the committee feel very grateful
to the public for the generous response to
their appeals.
The new plant will manufacture
high grade Of cloth and will be run bv
electricity from the Vernon -Hinsdale
dam. It will he located just south OF
the Morningside cemetery grounds and
will employ al the start not less than
800 persons, the number being increased
to 500 or 1910 in a few years, which will
mean an increase Of 1000 or more in
| population at the start and a steady gain
thereafter. It will be a mill of $500
| spindles and will require. in its full de-
| velopment. 1000 horse power