The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1911-05-11
Co. MUST MAKE GOOD HERE
Provisional Contract Provides That
Plant Shall Not be Turned Over to
the Company for Five Years or
Until Wages Reach 100000.

The officials OF the kenoSha Indus
trial association have offered to the
managers OF the McComber, Whyte
Rope company of Chicago, a formal
contract for the location of the new
plant of that company in Kenosha the
contract having been sent to the Of
fcials Of the Chicago company by
acting president Dan 0. Head Of the
association or Thursday evening. 1t
is expected that the contract viii be
accepted and that the work of erect
ing new plant for the company will
be started within the next few weeks.
The company is to build plant with
100000 feet Of floor space and it is
declared that with the opening Of the
new plant in Kenosha the company
will employ no less than 125 men and
the number may be greatly in excess
of this number.
The contract offered by the Indus
trial association provides that the as
ISOLATION shall give the company site
for the proposed plant and in addition
furnish the company with $4,000 to
be used in the erection Of the plant.
This money is to be secured by the
sale Of lots in the Kenosha Industrial
association subdivision just north of
the city. The sale of the lots is to be
conducted by Chicago promoter VINO
has had charge of the negotiations with
the McComber, Whyte people and it
is declared that the location of the
factory will make it an easy matter
to raise all the money needed from
the property without the expenditure
Of cent of outside money. There
are still 262 lots to be sold in the
subdivision outside of the land set
aside for the factory sites. With the
assurance of factory on the property
it is thought certain that these lots
will bring no less than 5000 and it is
possible that the association will have
a small working capital left after
making the payments for the building
of the new plant. The entire forty
five thousand dollars is to be used in
the construction of the plant and it
is to be paid to the company in four
equal installments as the work of put
ting up the buildings progresses. Tt
is stipulated as a part of the contract
that the property shall not be decided
to the company until after. the plant
has been in successful operation for a
term of not less than five years or
until the company shall have paid out
in wages in. Kenosha not less than
$5OOO00.
The officials of the Industrial asso-
citation who have made a careful in
vestigation into the affairs OF the com
pany feel convinced that the company
is a stable one and that it's location
in Kenosha will be big addition to
the smaller industries of the city.
The managers of the company have
been in Kenosha several times and
they seemed to be entirely satisfied
with the site offered and with the
proposition made by the Kenosha or
ganization. It is expected that the
contract will be signed by the officials
of the company today or tomorrow and
then the work of raising the money to
be advanced on the sale of the lots
will be started at once. The associa-
ton has special committee ready to
take care of this end of the contract
and it is thought certain that the as
ISOLATION will be able to take care Of
its end of the provisional contract.