The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1914-10-12

| Ssss~AASS N0A CAARAOy GU vi
fcers) $4,000
Once rent, telephone. cleo
trio light and janitor serv-
Ice ....... ........-...... o42.uo
Incidental account, carfare,
auto hire and travelling
expenses 90
Office supplies .............. 240.0J
AOt0l SfpSoN.oo
Amount of subscription desired for
this coming year is approximately
$4,000. Amount to be set apart az a
sinking fund for investment in the
stock and securities of concerns to be
brought to Keokuk, not less for the
first year, than $4,000. The exact
amount will be the difference between
the amount raised and the budget. ).
sweeping reduction in the ex-
penses Of the Industrial association
Is contemplated for the coming year.
This reduction is advocated because
it has been decided that with the de-
creased movement In industries the
country over it is hardly worth while
to continue industrial effort on as
large basis as heretofore 81
This does not mean a decrease, in
the effort made by the association
heretofore, and being made now, for
the upbuilding of the city Of Keokuk.
1t would be disaster even to think of
doing away with the association en-
tirely. That would mean the total
loss of all the time, effort and money
expended by those citizens and bust
ness men who are the officials Of the
organization. It would also mean
that when conditions change for the
better the country over, 1t would be
necessary to start at the bottom again
and build up. This would mean prev
ious effort and money expenditure
would be for nothing.
This, however, is not thinkable for
Keokuk is bound to grow regardless
of the immediate industrial outlook.
Expenses Are Reduced.
In view of the loyal support which
has been given to the Industrial as
ISOLATION by every individual in Keo-
kuk during the past three and one
half years, the board Of directors has,
after having thoroughly canvassed the
situation, decided that, in order to do
Justice to the stockholders and SUBJ
scribing members of the association,
and to the citizenship Of Keokuk, at
large, it is necessary to cut the ex-
penses of the association as much as
y>1 ND of hA
the continuation of working organ
ization, constantly on duty, to keep in
touch with the industrial situation
and be ready to take care of any de-
velopments, which may from time to
time occur.
The board of directors in making
this reduction is planning for an n
tirely new plan Of activity. The
finances of the association are low.
1t is necessary to ask for renewed
subscriptions But a fund OF ap-
proximately $4,000 for this year is
asked, instead Of the original amount
which was considerably larger. OF
course, with the amount Of the budget
for the coming year. reduced as in
dicated above, considerable part of
the amount subscribed will be set
aside for some particular purpose.
It is contemplated that this extra
fund will be set aside by an iron clad
rule, which may not be broken, for
factory investment alone.
It is well known that industries
will not move to city unless there
is some inducement offered. The as
ISOLATION tried carefully, continuously
and without sparing individual labor,
to locate Industries in Keokuk. A
brief summary of the situation will
appear later on in the week, showing
exactly what could have been done