The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1914-09-15
JORDAN PLANS
FUND To BOOM
TRADE IN CITY
Advocates Formation of
Quarter Million Dollar
Stock Company to Attract
New Industries.

The formation of a quarter Of a
million dollar industrial fund in the
naxt five wears to start Immediately is
Charles w. Jordan's plan to put Rich
mond on the map industrially.
When $50 members Of the Com
merciaI club heard the plan last night,
r. was apparent that it met favor i'm
mediately. 1t Is probable that the
new industries committee Will go into
the details of creating such an Or
Yanization.
With 100 men to act as campaign
ers, the full amount or even more,
President Seidel OF the Commercial
club predivted, can be pledged In
ninety days.
Mr. Jordan compared the Commerce
ial club to plant which started with
n little seed bearing life and grew
Into fine plant.
ut has spread out its leaves. 1t is
now time that the plant bears fruit,
Mr.. Jordan said.
"It is time for Richmond to spread
itself on the map in way different
from any other it has attempted. the
Commercial clubs motto Make Rich
mond A Better City in Which to Live
is not sufficient for our purpose.
Unfoids Working Plan.
eve will let every person subscribe
any amount he can pay In the next
five years even down to $40. The sub
scription will be payable In twenty
payments, one every three months. A
total of $25O,OOO in five years will
mean $4,000 a year working capital.
I'VE will not give this money away.
The day of giving bonuses away Is
past. We would offer legitimate en-
terprises an inducement which is bust
ness on both sides. For every SO 9TH
ers bring in, we would add 81. We
would lend twenty-five per cent OF the
total
1--WE have built a good city in which
men can live. We have all other in
ducements to bring industries here.
Now we should be able to say. We
will take twenty-five per cent of your
capital stock
here five factories year. With each
factory employing fifty men we would
bring $50 working men here an in
crease the population annually 1000
persons. In five years this would
mean almost 5000 more men working
in twenty-five selected factories.
This would mean more groceries,
more clothing stores, more shoe stores,
more professional men and as much
more Of everything as it would take
to supply that many persons.
Become Stockholders.
This plan will appeal to all kinds
of men. 1t has been tried before and
has paid as high as 500 per cent. in
two years in other cities. Each sub
scriber Is really a stakeholder in
twenty-five factories.
Every day l receive letters from
commercial organizations emphasizing
the opportunity of American industry
stepping in and wrestling home trade
and South American trade from Europ
can countries. We can make the
things England and German make and
become independent of them
Mr.. Jordan has data on the plan
open for inspection in his office. He
has information from Oklahoma City
where 100000 was raised in a short
time and from Scranton, Pa, where a
$1,O00,000 fund was raised.
During the next month. the new in
dustries committee of the club will in
vestigate the possibilities of the plan
If the men Of the city are willing tc
take stock in the fund and to help in
campaign to raise the total amount
so that payments can start in 1915, il
is probable that campaign will be
launched at the next Commercial club
meeting.