The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1914-01-16
MAYER BROS. WOULD
ENLARGE THEIR PLANT
Proposition Is Put Before the
kato Business Men
From Tuesdays Daily.

business men and other citizens OF
Mankato were exhaustively discussed
and passed upon at the monthly
meeting Of the Mankato Commercial
club last evening.
r. r. Soaring. the secretary. pre-
scented the report of the special com.
mittee appointed to investigate the
proposition Of the Mayer Brothers
company for the enlargement Of their
factory. Mr.. Soaring observed that
the proposed enlargement of the
activities OF the company would
add twenty TO It's list of employees and
would thus be equivalent to the
establishment OF q new factory. The
committee consisted Of w. ID. vii
lard. B. F. Pay and John Nyquist
The report was as follows:
We. acting as a committee OF the
Mankato Commercial club, have
made careful investigation OF the
affairs OF Mayor Brothers company
and believe that the company Is on
a sound financial basis. and has dur
ing the past four or five years been
n consistent money maker. The com.
pany Is about to offer to the public
$4,000 OF seven per cent preferred
stock. the proceeds of which are to
be used rs working capital to put
on the market its new tractor and
grader. The indications are that these
machines are well designed and
entirely practical, that the profits
from the manufacture OF them will
be large In our Judgment invest.
ment In this preferred stock will
be a safe investment
The report was received and
placed on file.
History Of the Tractor.
Louis Mayer gave brief history
OF the new tractor that the company
proposed to place upon the market,
telling how the people that were
going to capitalize a factory for its
production i'm neighboring city
get cold feet and how this led to
the holder of the patent making an
arrangement with Mayor Brothers
for the manufacture Of the engine
here. A 6.000-pound gas engine was
constructed and II was found that
II drew pound for pound. which was
most remarkable result Experts
declared that this was a thing un.
heard OF. The company proposed to
manufacture twenty-five machines
and twenty-five graders during the
coming season. There was q good
man N, hand nth pati0p uyiia avnor;
ence to hold up the sales end OF the
affair. but the company had decided
TO put the brakes on him, or he
would food the factory with orders
and place the company under such
obligations that II would take a
company planned to go slowly AMI
make the new mandatory pay for
itself as II went along II possible.
To put out the machines as pro-
posed would require additional ma
chinery that would cost about $4,000
and there would also be need OF addi-
tional capital for the purchase Of
necessary materials TO put the
machines out. IL results were salts.
factory, the concern could develop
later. but the company preferred to
60 slowly and not let its enthusiasm
lead II into any risky ventures
Allan jackson said that he had
been surprised to see the recent
development OF the use of tractors
in this part of the country He had
seen towns of 600 to 700 people with
territory tributary to them using six
to eight traction engines. II was
only a question OF time when nearly
every farmer would have a traction
engine and he believed this would
develop into one Of the biggest
propositions that Mankato ever had
There was an unlimited opportunity
for serving the territory tributary
to Mankato.
Endorsed BY . Farmer.
c. II. Saulpaugh spoke OF a
prominent farmer who recently was
at his hotel and went to see the
traction engine that Mayor Brothers
had and declared Il was the best
tractor he ever saw In his life. This
man emphatically stated that he
would have one Of the Mayor trac-
tors I. he had to steal t.
J. z. Hickey said he thought the
Mayer tractor proposition was a
good one for the business men OF
Manknto. There was an unlimited sale
for gas tractors TO the farmers. The
industry was just IN its infancy. II
the trade In Mankato tractors should