Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1912-01-24
KNITTING MILL.
FORMED AT A
MEETING LAST FRIDAY.
TO BE KNOWN AS "BLooD KNITTING
MILLS OF ACKNOWLEDGEMENTS
ON BUILDING UNDER WAY.

The "BIood Knitting Mills of Els
worth" is the corporate title of Ellis
~orth's new industry, which will begin
the manufacture Of women's knit under
wear about the first of March next.
The corporation was formed at meet
ing in the Office of Peters & knowlton
last Friday, and the organization there
perfected the articles of incorporation and
steps so far taken toward the establish
ment of the industry here, were ratified
at meeting Of subscribers to stock held
at the Merchants association room Mon
day evening.
Work Of repairing the Union shoe fac
tory building, which the mill will occupy,
is now under way. A new smoke stack
has already been eIected, and the boiler and
heating apparatus are being thoroughly
overhauled and tested. The boiler will
be used for heating and bleaehery pur-
poses only. All the machinery will be
operated by electric power.
The building itself will need but minor
repairs. 1t will be given two coats of
paint, which will greatly improve its ap-
by the bleachery, and the three main
floors of the building by knitting ma
chinery.
ORGANIZATION.
The meeting to incorporate was held
Friday afternoon at 2 o'clock. Those
present were G. l.. Morang, E. G. Moore,
John Blood, jr., Edward F. Small and
John o. Whitney, who signed the articles
of agreement under which the meeting
was held.
Mr.. Morang was chosen chairman OF the
meeting and Mr.. Small clerk. The meet
ing then proceeded to organize in cor
poration under the name of the Blood
Knitting Mills of Ellsworth.
The purpose Of the corporation as set
forth in the articles, are for "manufactur-
mig, finishing and selling fabrics OF wool,
cotton, fax, silk and hemp, together with
any other articles of any material the
manufacture of which is not contrary to
the laws of this State, and also Of engag-
ing in such other branches of trade and
manufacture as may be in any way nee
essary or convenient in connection there
with.
The capital stock is $4,000 divided into
5000 shares of the par value of SO each.
The bylaws adopted provide for the
annual meeting of stockholders to be held
the first Monday of June in each year, at
2 .. m. Special meetings of the stock
holders may be called by the president, or
ON request of stockholders holding
majority of outstanding stock.
OFFICERS.
The officers shall consists of a board of
not more than seven nor less than fve
directors, president, vice-president,
treasurer, clerk and general manager.
The directors shall have entire MANAGE
ment and control of the property affairs
and business of the company, power to
fill vacancies, including vacancies in their
own board, to serve the unexpired term,
and to fix the compensation OF all officers.
board of five directors was elected as
follows: John Blood, John Blood, Jr.,
Charles L. Morang, +. G. Moore, John o.
Whitney. MIR. Morang was elected presi-
dent, John Blood, jr., vice-president and
general manager; John o. Whitney, treas
urer; Edward F.. Small, clerk. These Off
GERS will hold office until the annual meet
ing of the stockholders on June next.
So DESCRIPTIONS FOR STOCK.
Subscriptions for stock were then
opened. AS soon as the necessary GER
tificates can be obtained, probably within
few days, the first Pigments ON the sub
scriptions by the people of Ellsworth will
| be received, and stock certificates issued.
j. A. Cunningham has been authorized to
| act as collector.
| MONDAY EVENINGS MEETING.
| There;was a good representation of pro-
spective stockholders present at the meet
ing Monday evening, when the steps SC
| far taken were ratified by unanimous vote.
| The president, c. L. Morang, reviewed
! the work so far done. He said the APP