The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-12-10
Representative Business Men
Predict Cessation of De-
pressing Wave With Next
Month.
REVIEW JORDAN PLAN
With Bright Trade Forecast
Commercial Club Will Pro-
mote $25O,O0O Industrial
Association.

Another month will see the clearing
away Of the clouds which are making
conditions seem dark. The silver lin
ing Of business, finance and manufac-
turing will be exposed soon to brighten
future prospects.
This opinion was expressed at a
meeting of seven representative men,
members of the new industries com
mittee of the Commercial club. These
men represented the banks, the mer-
chants, the legal fraternity, the city,
the manufacturers and the public
utilities.
January Is in the date set for a
meeting in which the past" con-
ditiOnS, which are the present con-
ditions, will be reviewed and plans
for a bright future will be made The
primary cause of the meeting is the
discussion of the proposed industrial
association, a $250,000 stock company,
the success of which would depend
entirely on the brightness of business
conditions.
Eight in Conference.
Present at the meeting We're H. A.
Dill, chairman. w. F. Bockhoff,
Joseph II. Mills, Wilfred Jessup,
Henry Goldfinger, Alfred Bavis and
Everett r. Lemon. c. w. Jordan was
also in the conference but not as a
member of the committee.
The industrial association plan was
presented two months ago by Mr..
Jordan. The committee members en-
tered into little discussion of the
project then because of the diminish
ing business prospects. Now, how
ever. the industrial association plan
will be tried.
The outline Of the plan was rough
ly gone over again. The committee,
# the plan is adopted, is to appoint
other committees of representative
men to secure pledges from every map
in Richmond who wants to become d
member The total amount to be
raised In $250,0O0, payable in five
yearly installments of $4,000 year.
Means New Factories.
With the first $4,000 secured, five
new factories would be brought to
Richmond on the agreement that
$4,000 worth of stock is taken in
each by the association and represen-
tation is given the industrial associa-
ton on the board Of directors. The
plan is flexible and can be made to
fit new conditions.
The members of the new industries
committee agreed that the plan is too
big proposition to undertake without
the previous assurance of success and
that under present conditions. it could
not even satisfactorily be discussed.
The tone of the meeting was that
by January Is, the business fog will
have begun to lift and the citizens
r-i1 hn IN rnahjnpCc shortly after that
time to talk of any plans which will
increase the general prosperity, adver-
tise the city, and make a reputation
for Richmond as among the most pro-
gressive cities, even though they Will
be asked to reach into their pockets
to prove their trust in the industrial
association project
This does not mean that the assoc
iation will be organized in January.
Some time will be devoted to working
out the details. The general plan has
been we'll worked out and the COM
mittee members have gone as far as
to anticipate the obstacles such an
organization would meet and to ar
range to surmOunt them,
Jordan Sees Bright Outlook.
c. w. Jordan. secretary of the Com
mercial club, spea king Of the meeting
today said that it was probably the
best indication of what may be ex-
pected of business in 1915, that can
be secured in Richmond.
1T was an unusual meeting in many
ways" Mr.. Jordan said. 1T was not
n round table discussion. These men
who represent all the important lines
OF business came to the meeting pre-
pared to express themselves frankly
and fully and they did not sit in their
places and make haphaZard remarks
about the subject 1t was one of the
livest committee meetings | have ever
attended.
"lt was agreed at the meeting that
stock could not be sold now. Every
member agreed on the practicability
OF the plan to secure factories tor
Richmond to offset the loss sustained
when some of our larger industries
shut down"