The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1914-06-05
North Kato Starts
Plans For Factory
From Thursdays Daily.

From Thursdays Daily.
Steps we're taken at last evenings
meeting OF the North Mankato Com
mercial club. looking to the estab-
lishment of a canning factory In the
village.
Dennis Donohue, on behalf OF the
committee consisting of himself. II.
Robel, Jr.. and <. r. Jones. reported
that the committee has visited the
plants ut Owatonna and lie Sueur,
The Owatonna factory had not been
making any money and had been
sold to a new party, but the lie
Sueur factory was thriving. its stock
whose par value was 800 a share,
now booked at $500, but not for sale
even ut that price. The committee had
found that that plant had grown
from a $4,000 original investment to
an establishment worth $4,000, be-
sides paying ten per cent on all the
money invested In II. There were four
years, however, when II lost money.
II had been running for ten years.
Mr.. Donohue said he knew that II
would be easy at once to raise
$4,000 with which to start of with
the canning plant at North Mankato.
Most OF this would be subscribed by
Mankato business men, one of whom
was anxious to invest $1,000. Mr..
Donohue said the committee was In
favor OF starting Off a company with
capital stock of $4,000 to $4,000.
At his suggestion, Peter Lloyd OF
Mankato was added to the commit.
tee, and It was voted that the COM
mittee go ahead with its work and
organize the company.
Fence Post Factory.
Carl Wlpperman, the protector of
the proposition of establishing a
metal fence post and wire fence fac
tory In North Mankato, said that his
partner, A. ]. Praxel OF Lamberton,
who had been negotiating with the
officials of the four railroads into
Mankato. with view to getting their
assistance In the building of a new
bridge across the river for all kinds
OF traffic, including railroad freight
cars, was not able to be present at
the meeting TO make a report, as
he had intended, but could come
some evening next week. Mr.. WHIP
perman said Mr.. Praxel had a con-
siderable amount OF interesting I'm.
formation on the subject. He said
that according to the way things had
been lined up by Mr.. Praxel, the
pected to pay twenty per cent of the
cost of the bridge. the four railroads
ten per cent each, and the two
counties the remaining forty per
cent.
II was suggested by Mr.. Wiper
man that meeting be held next
Tuesday evening to hear Mr.. Prax-
els report, but ]. b. Coy remarked
that this was the night for the reg.
ular city council meeting, SO It was
decided to meet next Wednesday
evening instead. Mr.. wipperman said
Mr.. Praxel could come on hiatt even
ing. -
EIack and Yellow Trail.
j. ID. Deets. secretary OF the South
ern Minnesota Better Development
league. addressed the meeting on the
subject OF the Black and Yellow trail
OF which he gave an interesting his.
tory. He spoke encouragingly OF the
canning factory proposition. and Incl
dentally. urged the villagers not to
buy n dIsmantled factory. II was like
buying q secondhand automobile.
There would be some. reason for the
factory being dlsmantled. He said
plenty OF labor could be obtained
right at home during the summer va
cation. when women and children
could be given employment. He
urged those who wanted to see the
canning factory established and made
q success 10 do what they could IN