Evening journal., 1913-11-25

Continued From Page Three.
ing them money with the expectation 1
OF making big profit the company
will make the loan at legitimate
rate OF per cent. interest. ard reap
their profits from the benefits deriv-
ed from having the industry locate
here. Mr. Pindell declared that the
improvement company did not intend
TO loan money TO everyone. but each
concern applying for a loan would
be requested to fli out a blank stat
ing everything in connection with
itself and giving references. A care
ful investigation would then be made
by the officials OF the improvement
company as to whether or not IL
would be safe Fisk TO loan the
money. In many instances Mr. Pin
dell. declared, it would be necessary
to refuse aid, but should only 2 or
per cent OF them prove good, the
city would get all the Industrial
growth II could stand
1T works similar TO an automatic
machine" Mr. Pindell declared. ut
has an individual beat a mile. Any
automatic machine IS better than amy
man. predict that In year from
now you viii an agree those who
subscribe and those who don't that
Il is a big thing for the city
/ B. & q. Company in Line.
Mr.. Marvel then explained the plan
of the new organization as outlined
in the charter as set forth above. He
stated that the local banks had as
sured them that they would have no
trouble in getting credit under tho
terms of the charter.
Harry q. Hartzoll, assistant in
ldustrial manager OF the industrial de-
lpartment of the Baltimore and ONO
Railroad. was next introduced by Mr.
Marvel. Mr.. Hartzell remarked that
he had had experience in the line OF
work under discussion as the indus
trial department OF the y. and o
lRailfoad Company had co-operated
with the various towns on its line
Ito develop them. He mentioned 9
town in pennsylvaia. with a popula.
ito OF $4,000. where the Chamber oi
Commerce had a fine board OF direc
tors but never seemed able to accom-
lplish anything.e They finally. launch
led a campaign similar TO the one con
ltemplated by the local body ans
raised S250.000 in four months, will
which they accomplished great work
He told OF another town that ha,
raised fund OF 100000 which ha,
laid idle IN the bank for about tw,
Years. they not seeming 20 know hos
to use Il. Finally they decided to ge
busy. and about three months ago be
gan an active campaign for new in
dustries. which resulted successfully
two large plants having located there
since then. He remarked that there
Iis no question but that a guarantee
fund Is the only method to adv-nc'
industries.
Mr.. Hartzell expressed great sur
prise TO learn that the local Chambc
/ of Commerce has a membership o
, only about 300 persons. This. n
. declared is ridiculous, and he quote
. instances where towns having
, population of from 5000 20 $500
J. have a Chamber OF Commerce O
- Board OF Trade with memberships G
; from 400 TO 500.
"ln q town this size there is no rel
3 son why you should not have a men
p hership Of 300 AT least A membe
4 ship of only 800 doesn't represent Il
ir population. A larger membership "
as give you working material TO get b'
al ter results" Mr.. Hartzen deciar
. that Clarksburg, w Va. q city W
o. only 10000 population. has a Chant
re or Commerce with a membership
Is 625.
s. Mr.. Marvel then announced that
y was Mr.. Bancroft's suggestion TO hi
that each member present 20 out a