The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1914-03-06
MAYER BROS. STOCK
IS GIVEN BOOST BY
COMMERCIAL CLUB
Continued from Pass one.

road graders had recently been In
Mankato and had visited Mayei
Brothers factory. He was vel
pleased with the grader that Mayer
= Brothers had. The cheapest hii
county had been able to buy had
cost s1,100, but Mayer Brothers had
a good one to place on the market al
$500. In regard TO the matter Of
preferred stock. Mr.. veigel said the
fact that the Mayors wanted to keeT
the common stock themselves was
ia itself a demonstration that theii
proposition was a sound one. The
preferred stock was ii pay seven pei
cent anyhow.
r. E. Brown said the business men
of Mankato ought TO help theMayers
all they could. He suggested that
the city council might be induced to
buy one OF the road graders Of the
Mayors so the people could see just
how Il worked. The club could guar
antee that il be kept in operation
and thus the city could have the
benefits of both the work and the
advertisement.
Has Splendid Outlook.
G.. NJ. Palmer espresso dthe opin-
ion that the Mayer proposition had
a splendid outlook. II the people did
not support that, IL would be mighty
poor policy TO invite outsiders TO
come In here. The present factory
employed fifty-eight hands and was
of great importance to the city of
Msnkato. II would be much against
She interests of the city to let the
proposition fail IL the Mayors should
move away II would be a standing
invitation to other factories to keep
out OF this city, for a long time to
come. cd
W. ID. Willard said he know some.
thing about the inside of Mayer
Brothers business and he had been
ready himself to invest in the new
proposition, as Mr.. Nyquist and Mr..
Palmer had already done.
On motion by A. VI. Stein the
president was instructed to appoint
a committee to solicit stock subscrip.
tons for the Mayors.
More Money For Highway.
John II. Holman who with II. A.
Patterson, and Senator III. n. Ben
son OF St. Peter, had been in st.
Paul and Minneapolis that day on
behalf of the scenic highway propo.
sition. reported that the board of di.
rectors OF the Association Of Com
merce Of st. Paul had decided TO
enlarge it's subscription to the prop
osition by $4,000 more. Mr.. Holman
spoke with enthusiasm Of the cour-
teous treatment that the visitors
had met in st. Paul In Minneapolis
they had remained only a short time.
They had talked with Howard Fiske,
president OF the Civic and Com
merce association of that city, and
had told him that the request from
that city vas that $4,000 be sub
scribed. Mr.. Holman told Mr.. Fiske
that while $4,000 had already come
from Hennepin county. nothing as
yet had come from Minneapolis IT,
self. as a community. He suggested
to Mr.. Fiske to appoint separate
committees 10 interview the various
business interests of Minneapolis In
regard TO the patter.
History Of Highway.
Mr.. Hohmann gave a history OF
the scenic highway proposition from
the time 1t was first taken up In
November, 1912 eli told how 1t began
as a $4,000 affair and finally had
wound mp in a proposition to gel
hold of 100000 in all, though only
$4,000 had to be raised to get the
additional $4,000 from the genera
government He said all the sub
scriptions thus far amounted to ss1,
600. With the $1,000 promised By
ST. Paul this would be raised to $50.
00O, If Minneapolis came forward with
s10.000, IL would make a total Of s96.
900. He thought Mankato could
manage to add $1,000 to what hat
already been raised.
Raise More Money In 'Ksto.
DIR. ]. W. Andrews remarked thai
az the local business men were I'm
terested in the scenic highway. The
city Of Mankato could readily raise
$1,000 more by private subscription
he suggested that a Scenic Tour
lists stock company be organized and
that stock be sold at 81 per share
He thought the money could easily
be raised in that way.
A motion by Mr.. Palmer wa.
carried 10 the effect that II was tn,
sense of the club that $1,000 shoult
be raised locally.
Mr.. Nyquist suggested that !
would be well TO have the club ap
propriate $500 out of it's treasur!
and ask the city council to apprc
pirate $4,000 more.
Mr.. Snow suggested that II nigh
be well to carry on a canvass TO
new members with the understand
ing that part Of the membership