The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-07-07
NORFOLK AfI
RICHMOND P[l||
NEGOTIATING FOR REMOvAa
BARNES SAFE 4 LOCK cOarxIl
10 CRY BY THE SEA.
NEEDS MORE CAPITA
PRESIDENT II. L. BARNES AAYs
"a;
DOES NOT WISH sAFE-MAKfN<SS'
INDUSTRY MOvED-A PROM
IsING INDUSTRY.

Norfolk is cunning FOR an import&
Richmond enterprise.
The City by the Sea" so W@lh
founded. report has IT, wants to
up the Barnes Safe ard Lock Comp4A
and transport IL bodily 10 the land r.
the soft she'll crab and far-fan63
fusionism
AS Norfolk has reputation for K&4|
ting what II goes after, Richmond MI
doubtless SIT up and take notice, a8tG|
Teadin~ the following excerpt frV1I
the Norfolk Landmark. of TfursdaX
another new industry for Nor
folk.
'Sueh news is the best sort ON
summer reading.
1t IL stated that the BarnASS
Safe and Lock Company of Ricfi-s
inond, viii remove it's headquar-
ters and plant to Norfolk In the
near future
"A large proportion of the reQuI
site local capital has already BEEN
raised and there is APPARENTLY no
doubt that the rest VIII be forth
1UHTfEg- Z '1TT
The Barnes company Is one Ut 4
the largest safe concerns in the
south. II employs about ore nun-A.
dred men, is a prosperous concern
and Is moving OH account Of bet-MS
ter transportation and Distributing
opportunities here. The local capi- Il
tai it Is endeavoring to interest iSH
wanted mainly to cover the costa
of raoving
III ne cQfnpany's representatives. \
VIII meet committee or the Board H
of Trade this afternoon ana secures
the endorsement OF that body. As
the standing OF the company IL we'll
a,tt.t
riost certainly oe given. With the
backing OF the board. there Is apt
10 be- no difficulty III securing the
remainder Of the needed capital Il 4.
Mr.. Barnes Likes Richmond.
When interview with reference II
the above publication, Mr. fE ii
Barnes. president of the company
frankly stated TO the representative IA
The Nirginian. that he did not wish n
have his enterprise leave Richmond
ana that it woHld not do So II IT'S cseaESn
We're received wit, even moderate com
sideration at the hands Of the mcrs d
means Of RiehrooFld MIR Barnes stat
Ell that his company was unable. b,
=, asot Of lack Of sufficient capital. II
properly extend it's business.
MIR Barnes has been selling safer
out Of Richmond Tor a quarter af I
century and about three years ago. N
established he only safe making plan
in the South. since which time tn
company has sold it's goods III p1Hc
ticaIly every State III the Union. am
in foreign countries. employing at on
time In the neighborhood OF a hum
cred men Owing IT, lack o. capital
smaller force has been employed tn
past year.
Needs More Capital.
yS-r thaf Id IN "
had 10000 worth of preferred stool
in its treasury. and that, X this stool
could be placed In Richmond. IL woull
be sum ,.ient for the proper operation
OF the Industry. He said he w0ult
rather remain In Richmond with .tnt
am cunt of additional capital than u
go to any other point with live time
that sum.
A safe misunderstanding plant In Rich
mond operates at a considerable 40
vantage over its northern competitors
In reaching the splendid Southern
field, freight rates being an imporx
ant factor III the business owing u
the great weight of the finished pro
duct. The nearest competitor Of IN
Richmond plant. is located at York
Pa, giving the local enterprise n gc0s
freight margin on south bound gOo0l
1t Is stated that the product Of tn
Barnes Company Is equal In Qualft'
with that of the ORDER safe MAXIM
col Germs, and officials of the compun'
were confident that. with ample CAPT
tai. they would soon have force 9
tive hundred men at work.
1t is understood that the NorfU3l
people beside being willing To acttvet'
cooperate III financing the enterprise
stariti ready II, sibssare Il y MN
Or, the StItasrhS of that tlty.