Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1912-12-06
new COMPANY TO
BUY SMITH PLANT
Corporation Formed with Arthur
B. CIapp at the Head
Business VIII Be Taken over Next
Week-Authorized Capital $3.50,
larger DEVELOPMENT Planned

Larger Development Planned.
AS is always the case when Brattle-
boro men put their shoulders to the
Wheel a way out of the financial prob
lem confronting the :. a, Smith COM
pany has been found. Next week the
company will be reorganized under the
name of The $. a. smith Manufactur-
ing Company" and deed of the prop
erty to the new company will be passed
This is the old Smith Il Hunt business
on Frost street, known in recent years
as the S. a. Smith company, which for
some time has been part of the Hard
ware & Woodenware company, with
headquarters in New York city. Some
time ago the Hardware & Woodenware
company went into the hands of re-
ceivers, and since then the fate of the
Brattleboro concern has been in the bal
ance
The men who have come to the relief
of the conditions threatening the local
plant are Arthur b. Clapp, president of
the Brattleboro Trust company Frank
l.. Hunt and Fred l.. Smith. for some
years the managers of the plant; George
l.. Durham, head of the Durham Broth
ers company, wholesale and retail deal
ers in footwear; John B. Manley who
has made "a signal success at the head
Of the Manley Brothers automobile
agency; and Attorney Clarke c. Fits,
one of the towns most public spirited
men, who has managed the legal end of
many important enterprises
These men filed articles of associa-
tion with the secretary of state a few
days ago and applied for charter for
the new company, which has been is
sued authorizing a capital of $150 900.
Within the next few days the new cor
porators will organize and take over the
property. The business will go on with
/ itata
| than ever before and it is understood
that Mr. Hunt and Mr.. Smith will con-
tnue in charge of the plant, although
| all of the six corporators will be direc-
| tors. The capital stock is divided into
1000 shares, and the charter gives the
company the right to manufacture and
| sell toys. woodenware, carriages, sleds,
vehicles, household articles, lumber,
wood, fuel waste products, chairs, fur
niture, instruments, wood fabrics or
metals and hold lands for production of
| raw material.
There were 10 plants in the .combina-
| ton known as the Hardware & Wooden
ware company, of which Attorney Addi-
son E. Cudworth of South Londonderry
| is one of the receivers After the busi-
ness had been managed a long time by
the receivers a plan of disposing of the
property was agreed upon and an auc-
ton sale was ordered by Judge j. L.
Martin of Brattleboro in the United
States district court The sale was held
| bids were received and various orders
were made by the court, but they were
held up by appeals. Finally. on April
20, in Worcester, Mass, all the proper
ties were sold to A. II. Tisdale OF
Leominster, Mass, for $440,0 900, the un-
| derstanding being that the factory man.
ayers would take the separate properties
at specified sums, which was done in al
but two instances. The Brattleboro and
Leominster managers failed to raise the
money. The price to be paid for the
Brattleboro property was fixed at thai
time at $4,000. The reorganization viii
take the local plant out of the re-
ceivers' hands, but the Leominster man.
ayers have not come forward with the
funds it is understood.
The S. A. Smith factory, which re-
places one which was burned severa
years ago. is a three story structure witt
annexes and out-buildings, located a.
the corner of Frost and Elm streets
The lot contains about 10 acres and ha'
frontage of 900 feet on Frost street
Doubtless a part of this land will b,
held for sites for. new industries, which
will find the location very advantageou.
when the new railroad Is built from
Main street out Flat and Frost streets
The business was established by the late
s. A. Smith and the late S. S. Hunt ant
has been an important factor in the in
dustrial history OF the town. The pres
ent force includes about IS hands, bu
the plant has a capacity of 125 or more
and II is hoped to develop the business
to it's full capacity. The new organ.
ization is made up of men of ability ant
energy, and the outlook is bright.