The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-01-23
HOW TO DO IT.
Smith Auto Company Will Yet
Be Saved to Topeka.
E. E. Whitney Explains His
Plans in Detail.
ALREADY A SUCCESS.
Only Working Capital Is Now
Needed.
Big Meeting of Business Men to
BE Held.

p ny was given a boost this noon by
so prominent business men of Topeka
at meeting ofathe Topeka Ad club.
1t was agreed that it would give To-
peka black eye to let the plant be
taken from the city, and it was the
opinion of those present that the con-
Germ could be put on paying basis
provided a sufficient amount of work
ing capital is forthcoming.
F. E. Whitney, the promoter of the
new organization, was the speaker IF
the occasion. He said in part:
"Capitalizing at 100000, selling
$1,000 in stock in Topeka, and $4,000
elsewhere will give ample capital to
operate, pay per cent dividend on
preferred stock, and provide a surplus
of $25O,O00 with which a 100 per cent
stock dividend may be paid, thus pro-
viding a S500,000 paid up capital an
amount sufficient to develop greater re-
suits the following year.
1.-THE automobile industry is a rapid
ly developing one, although yet but IL
ats youth Topeka is we'll situated
geographically for western distribution
of product and near enough to the
base of supplies of raw material for
expense of in-freight to be of minor
consequence.
Industrial stocks are not as easy TO
market as United States bonds but
they should be offered free from i'm
projections.
Having purchased this plant at
low figure, with a plan of production
and sales which will demonstrate a
re sonable prospect of earning diVi-
dends, investors will be successfully in
terested. / have a we'll defined plan of
combining sales of cars and sales of
stock at the same time.
You will have increased the popula-
ton of this city by putting back to
work. $50 men and adding $50 more, Civ
/ ing you their families to be fed with
your meats and groceries, to be clothed
| by your dry goods and clothing stores,
| to be housed by your landlords and
| property owners. Every industry will
| be benefited directly or indirectly
Every foot of realty increased in value.
Ready to Help.
1--WE could have 500 men working at
the plant within so days if we had the
capital. The Hudson company paid
s45O,009 in dividends on 100000 in
| three or four years. ~
raise money to buy the old plant and
have fifty to one hundred thousand
dollars as a surplus then it will go,
but the plant should not be run under
the old name. The banks are willing
to do their share. If business men of
/ Topeka viii raise 100000 l. think j
can safely say that Mr. Wernicke will
say he will give another 100000
| j. VIII Kelley: Seems to me the
only. way to stimulate enthusiasm is to
go about it with a hurrah. The SEN
timental side should prevail. The peo-
pie should be made to realize that it
would give Topeka a black eye to let
the plant go. I'd suggest that a big
mass meeting of the business men OF
the city be held to discuss the ques-
ton
F. P. Metzger will appoint COM
mittee of three to confer with the
Commercial club in regard to the
proposition, and meeting will be held
the latter part of the week of all the
business organizations in the city to
arouse enthusiasm.
Resolutions Adopted.
Following are resolutions passed BY
the Ad club this noon:
Whereas. There has been construct.
ed by MesSrS. w. A. L. Thompson, Hor-
ace G. Hall and associates in the husi-
ness part of the city of Topeka, towit
at Fifth and Kansas avenue, one of the
finest seven story modern concrete of
| fee buildings to be found anywhere il
) the western country, which is nov
known as the New England building
} and which was constructed at a cos
of $3.50, 900; and
Whereas, The completion of thi,
magnificent building marks the begin
l ming of a greater Improvement IN TIT
capital city of Kansas and shows con
$ clusively the faith our business mel
3 have in our city's future,
therefore, Be it resolved by the Al
5 club of the city of Topeka that we com
mend and congratulate the gentlemen
! upon the good judgment and faith ex
} hibited in the ultimate outcome of ou
7 city as a commercial center; be 1t fur
2 Their
$ Resolved. We congratulate the Mer
: chants National bank. which is to oc
l cupy the ground floor of this new build
l ing. upon having such beautiful quar-
t tiers and wish it the success which i
/. deserves; be it further
Resolved. A copy of these resolu
: tons be given to the press and cop.
sent to Messrs Thompson and Hal
!, and the officers of the Merchants Ma
tional bank.
r whereas, there is now pending il
[ the legislature of the state of Kansas
: Till making it possible to have a grea
. white way established in the city o
: Topeka; and
Whereas, this bill provides that tn
installation shall be paid for by tn
abutting property owners and the cleo
trio current to be paid for by the cit.
ct large, and
whereas. we believe that the grea
. white way in the city of Topeka woul'
add materially to our city's attractive
ness and stimulate the city's growtl
| and prosperity.
Now, therefore. be it resolved, b,
the Ad club of the city of Topeka, tina
Y we ask our representatives and senate
Z to use their every effort toward tn
o passage of the bill.
BE it further resolved. that a copy )
: these resolutions be furnished the pres
Il and a copy sent to our members of tn
y legislature
Little Change in Iowa.
.Des Moines, Ian 23-The Joint bai