Norwich bulletin., 1912-03-26
Norwich Industrial Improvement Corp.
Directors With One Exception Reelected at Fst Annual Meeting-Much More Than the Desired Third Has Been Paid in the Hands of the Treasurer-Site Adjoining Thermos Plant May Go to Another Concern

W from the Thames National bank to the town hall at s o'clock Monday night, there were 40 in attendance. The ses- sion was one of much interest, the re- ports being given in detail, showing the different steps taken in perfecting the organization, and the same directors were elected, except that Walter W. Lang succeeds T. c. Murphy on the board by request of the latter.
 It was brought out during the even ing that there Is a possibility of the Mark Cross company locating its plant here, ana officials of the company are expected here this week to look over available sites. This morning W. F. Hill goes to New York to consult with the officials regarding the change, ref erence to which has previously been made, the company being manufactur- CTS of leather goods with a wide repu- tation and offices in New York and Boston. It is this concern that Presi- dent Walker of the Thermos Bottle company thought might want to come here, Vice President Murphy of the Thermos company being at the head of the Mark Cross company.
 Presid ont F. W. Cary presided Mon day evening, and the reports of the several meetings were read by Sec reLaTy Nal Ilu hs JeLSeH anu dPpIOFeu
 Report of Treasurer.
 Treasurer Gilbert L. Hewitt pre- sented the treasurer's report as fol- lows at close of business March 23, 1912 Total receipts, $31, ,713.6S; total disbursements, S15,26650; balance on hand, $16,447.1S. The disbursements by check were as follows: James L. Case, agent for Herbert c. Williamson (lfason property $15,0O0, fire insurance SHE'D, 15,611.21: William Caruthers, postmaster 800 two-cent stamps, $10; Brown & Perkins, franchise tax $50, filing certificate of incorporation $2.50, searching titles &6, 357.50; Frederic W. Cary, for expenses of contract com mittee to New York Feb. IA and 15, 1912, S65.45; Frank E. King, treasurer, Tubbs' band concert at town hall on Monday evening, March 12, 1912, $22; Frederic W. Cary, for expense of in vestigating financial standing of the Thermos company in connection with contract committee, S11.90; Hattie L. JeWett, typewriting, S2.50; Martin F. Jensen, for expense of filing certificate of organization and copy of same, $5.50; Pullen Publishing company, S31.54: The Bulletin company, $4ss0; total s15,2ss.50.
 There was collected Monday $S92, making a total of over $32,
 Secretary Jensen's Report.
 There was a very fine report by Sec retary M. B. Jensen as to contribu- tions and subscriptions as follows to March 23: Subscribers to 3,05e shares of capital stock, 425; contributors of over S25, 22 contributors of under 325. 50; total contributors, 72; total num- Der of pledges, 4s7.
 Subscriptions to stock, $76,250: vol untary contributions, s2,21s.S5; total pledged, $7s,46s.sS.
 Subscribers Classified.
 There was one subscriber at &225o, at $1,5o0, 1 at s1,250, at S1,000, 56 at s750, l at $500, at s4e0, at $500, { at S250, Is at $200, at $150, 10s at sloo, at S75: TO at $50, 149 at s25, making total of 425 subscribers.
 Contributors Classified.
 There was one contributor at sT50. at $1O0, l at S75, 8 at $50. II at S25, 1 at $20. at &15. 20 at S10, IS at s, 1 at SS, i at s2.s5, 2 at $3, 4 at S1, making total of 72 contributors.
 One hundred and fourteen subscrib- CTS paid in full for 506 shares. S12.-
  2,544 shares, S17,s8T.49; total paid on subscriptions, $so, ,597.ls: S4 contribu- tors paid in full, STs7SB: 24 contribu- tors paid in part, $43S.s4; total paid on contributions, s1,176.1s; total pay mentsi as per treasurer's receipts, Ss1.- 71S.sS.
 Total amount payable on first call for 30 per cent, $2S,5405o; unpaid by o4 subscribers to stock, $2,82750; un- paid by 14 contributors, 393.90: total unpaid on pledges, S2.s60.s0.
 One hundred and fourteen stock cer- thcates have been issued.
 President Cary's Report.
 President Cary addressed the gath ering as follgwsi
 The organization Of the Norwich h. dustrial Improvement corporation was In the hands of committee who were guided solely by an impulse to act for the best interests of all who conrib- uted to the Ther7nes fund. It WAS necessary to organize the corporation In great haste, in order to make the purchase of real estate and accept the proposition of The American Thermps Bottle company before February 18th, Consequently there were only about tufy stockholders who had signed the incorporation papers at the first cleo ton of directors. The committee there lore decided that the first board should not remain in office a year. as IS customary in such cases, but fixed the date of March 25th when another election would be held. Tonight the stockholders number over 400. and the principal business that comes before them at this tt1ne is the election of a. board Of directors to serve for the en- suing year. The board that has seIv- ed you since February 18th was nom mated by g committee composed of William B. Young, c. Morgan Will Hams. Charles ". Gale, Arthur D. La throp and Dr. Patrick Cassidy. No member of the board sought the office and no member has endeavored to &C., cure proxies for the purpose of perpet- uat1ng himself in office. Each one has discharged as best he could the duties devolying upon him, without other compensation than his share of the puhlic good.
 ries. The legal services of W. A, Bris- COG, J. J. Desmond and Allyn L. Brown have been contributed without any charge. Also the canvassing of Treas Urer G. L. Hewitt and the work of MT. Jensen as secretary have been done gratuitously, although a nominal sum has been appropriated for bookkeeping. The Thames bank gave us the free use of the finest office in the city with the privilege of holding six meetings of our directors in their own directors room
 T9re committee appointed to negoti- ate contract with the American ThernaoS Bottle company obtained sew eral important concessions, which were not included in the original propod- ton, and all of which were of greatest protection to the Norwich contrfnsI- tors.
 Firet--The American Thernsos BottIs company agrees to begin the removal of it's plant within thirty days arser the completion of the building and to manufacture all it's products in Nor wieh for a period of ten years.
 Seoond-The Norwich Industrial Im- provement corporation reserves 2Oo