The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1912-10-29
LASHER STOCKING
MILLMAY RESUME
OPERATIONS
Board Of Trade Plan to Start
Business Again
TO EMPLOY so OPERATORS
Stock Subscription of $11,500 Nee
essary to Secure Control Of Both
Plants.

At a meeting of the Bennington
Board of Trade Monday night, the
matter of reopening the factory Of
the Vermont Hosiery & Machinery
Co., was gone over, in detail, by the
board of directors. Henry l.. Field,
the former president of the company,
III. NJ. Graf of New York, of the firm
the mill, w. II. Lighthall, former
book-keeper of the company, and
Judge L. II. Holden and Arthur ]. Hol
den '(who have been working on this
proposition for some time with a view
to securing an option on the control
| ling interest of the stock were pres
ent and went into details in refer
ence to this matter.
Mr.. Field stated that after several
months work, options had been secur-
ed by the board which would give
them control of tho industry, with
Bennington as its headquarters, pro-
vided about 800 was subscribed
| for by the public spirited citizens of
this town. This amount is all that
is now necessary for the work in
view, as he had already raised the
balance.
1t is absolutely necessary that this
Sill 500 worth of stock be subscribed
| for, not later than Thursday, at
which time the option expires.
Mr.. Graf showed the records of his
office and proved to the board that
| they had been compelled to refuse a
L., ~ IN
| the fact that one mill was unable TO
fill orders they had received this sea-
son. He also pointed out that there
was every indication of a continuance
| of prosperity in the hosiery business
and they looked for an increase in
1913. He also dwelt at length on the
superiority of the Lasher hose, made
| by this mill, over all other makes of
worsted half hose.
Mr.. Lighthall recently visited the
Mortified mill with view to ascer-
tanning the financial condition of the
business and the present state of
their product. His report was ex-
ceedingly satisfactory to the board,
as it showed that the mill was in a
very prosperous condition. At the
present time the company has more
than sufficient orders to run them I'M
til December 81. Judge K. II. Holden
and A. ]. Holden also reported to the
Loard that they recommended the
stock of this company for investment.
The board. having gone over the af-
fairs of this company in detail and
having discussed all phases of the
matter, with their usual care before
lending their endorsement to any of
the many plans they are called TO
pass on, Director John Nash made a
motion that W. II. Nichols, chairman
of the board, appoint a committee. to
raise subscriptions for the $11,500
worth of stock necessary to once
more bring this industry back to its
original home in Bennington. The
following committee was appointed
and endorsed by the board: DR.. w.
+. Putnam chairman of the Indus
trial Committee). A. B. Sibley, Clar-
ence l.. Holden and w. II. Lighthall.
The mill will give employment to
60 operators and if the stock is sub
scribed for at once, Mr.. Gran assur-
ed the board that he could give them
sufficient immediate business to
start the plant now. II is TO be
hoped that the citizens will lend their
hearty support, and subscribe at
once for the stock, thereby availing
themselves of safe investment and
at the same time adding another in
dustry to those now fiourishing in
Bennington.