The Cape weekly tribune. (Cape Girardeau, Mo.) 1914-1914, 1914-07-10
Says if Missouri is Unable
to Supply Ore, Tennessee
Will Do 1t
WILSON SAYS SHELTER
GHOST HURT PROJECT
Tells Commercial Club Plant
Will Give City Another Rail-
road-$200 Raised

A. G.. Wood of Chicago, PROMOTE
of the proposed 50, 900, 600 iron plant
appeared before the Commercial Club
last night in behalf of the project
He divided his time between talking
directly to the business men anC
answering question asked of him by
members of the club.
David A. Glenn, president of the
Commercial Club, expressed himself
as being displeased because Mr.. Wood
had not visited among the business
men. "Mr Wood has been in the
city since Saturday" said Mr.. Glenn,
land this is the first time have had
an opportunity to see him"
Mr.. Wood spoke encouragingly of
the project and said this was the
best location on the Mississippi for
such a plant. He said that if the
Missouri mines could not supply
the plant with ore, this could be
obtained from Tennessee.
He explained how the two COM
panies should be organized and what
the duties of each would be. The
Director Development Conn nny, he
said would lay off the ground, not
occupied by the plants, into town
lots and this would be sold to the
employees of the institution or to
anyone who might care to make that
suburb his home.
| u lp Ilirnatn "a Irnt, (',,,,,,n,,. ,,.,,,Il
build and operate the plant The
Director Development Company, he
said would hold Sl,OOO,OOO of the
stock in the Iron Company, in. pay
ment for promoting the proposition
and for the process which will be
used in the manufacture of cast iron
pipe. This process, which is patented
| by Wood, is given to the Develop
mcnt Company, when it Incorporates
and will be given TO the iron
company when that concern is pre-
pared to begin the construction
of its plant.
| He said that in the event the pro-
motors were unable to sell the
stock in the iron company by popu-
lar subscriptions, the company would
be bonded for sixty per cent Of the
amount needed to put the plant in
operation. T c remaining forty per
cent of stoc will be assumed by the
contractors and builders in payment
in full for their services
I,nnrrn I N'n,.,r ,r ~
Albert Grocery Company, asked if
there was danger of the original
subscribers being compelled to pay
more than the $4,000 needed to or
gani2e the company. He was in
, formed by Mr.. Wood that they would
! not.
Mr. Morrison of the Morrison
Fuel q Ice Company said he would
be willing to put up the $4,000 alone,
if he were assured that the plant
! would come to Cape GirardCau.
| NJ. ID. Wilson touched on the posi-
bilitics Of getting ore from Tennessee.
He also said that when the Illinois
/ Central saw the plant load few big
bargcs with material for the big in
stitution, the officials of that rail
road would Immediately extend its
lines into the Cape.
George l.. Meyers said he was for
the proposition, il this city were
assured that it would get the factory,
ID. A. Glenn Of the Glenn Mercan-
tile Company urged the members of
the Club to act quickly on the
project. "Nlr. Wood has made some
frank statements, and it seems to
me rs if we should act at once.
The proposition should either be ac-
ccptcd or dropped just as the bust
ness men feel would be best, If we
can get such a plant, it would mean
much to the city
Mercer ID. Wilson said he thought
much of the opposition of this pro-
posed factory could be traced to
the Smcltcr plant which was a
, failure, "and it is my honest opinion
said Mr.. Wilson, that those who
are kicking about the smelter plant
are those who never subscribed
penny for it,"
Fred Naetcr talked in favor of the
project He said this city had sub
scrbcd to many other schemes which
brought virtually nothing to the
Cape and he did not think the bust
ness men of this city should overlook
project that would bring hund eds
of people to the city.
Chris Pearson, Business manager of