Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-04-15
MADISON SOON TO
HAVE A FACTORY
Stock Sold for First Manufac-
turing Plant in Residential
Borough.
Especial to the Evening start

MADISON, April 15.--It became
known today that factory is soon
to be erected in Mad son. Stock has
all been subscribed for and the erec-
ton of the building will be begun in
the near future. 1t will be the first
manufacturing plant in the borough.
The building, which will be of con-
crete, will be erected on the Pomeroy
estate, adjoining the Lackawanna
railroad, just below the freight sta
ton. The product will be a high
grade of heavy cardboard. 1t is not
yet known how many men will be
employed or the extent of the output
Assemblyman George w. Downs is
the promoter and will probably be
the general manager of the factory.
His recent field of endeavor was with
McEwan Bros, of Whippany, manu-
facturers of cardboard, with whom
his contract ended on January l. He
was formerly employed by the ]. c.
Boyle Cardboard Company, of Jer-
sey City, and was at one time in
business for himself in a factory on
the Newark meadows.
Those who have subscribed for the
bulk of the stock are Alfred G.
Evans, president of the Madison
Trust Company; ]. j. C. Humbert, a
Wall Street broker and a director of
the trust company here; James II.
McGraw, president of the McGraw
Publishing Company, a director of
the Mad son Trust Company and vice.
president of the Fulton and Market
bank, of New York city; Henry
Feuchtwanger who has a brokerage
firm in New York. Smaller amounts
have been subscribed by number of
local business men. Those at the head
of the movement wanted to raise $780,
900, and it is understood that by far
the larger part of this has already
been subscr bed for.
1t is expected that the building will
be started and that the work will be
finished up as soon as possible in
order to be in operat ton this summer.
Opinion has been divided in Madi-
son in the past on the ACCESSIBILITY of
having a factory here. Local BUSH
ness men and the working people are
generally heartily in favor of the
proposition and believe that the only
way that the town can progress is in
this way Industries are what make
a town, they believe.
On the other hand. the members of
the Board of Public Improvement
has repeatedly turned down offers of
outside firms to start factories here.
This was partly because the prem UNI
expected by the said firms was as
rule excessive but number of men,
bers voted mo" for another reason.
They ste a that they believed that
Madison iSpurely a residential town
and that it ought to be kept as such.
They thought that If they did all in
their power to exclude factories that
the town would progress along the
proper lines. All members, however,
have not been opposed to the fac
r factories. Some have expressed
themselves in favor of factories and
many good arguments have been adj
vanred pro and con.
I Whatever the opinion of it's resi-
dents. there can be little doubt bat
F that Madison VIII be the possessor of
a factory in the near future. Time
will soon show the benefits as we'll
as any disa dvantages connected with
. the establishment of factory in a
town of Madison's SIZE.