The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-06-14

There is a possibility that no deal
for the purchase of the local Rumely
plant by the Canadian government
will be consummated, although the
deal is still pending, awaiting the final
decision of the Canadian government.
Experts Turn Down Plant.
One Of the creditors committee has
stated that after the Canadian repre-
sentatives had been assured Of the will
lingness of the receiver and the cred
itors to dispose Of the Gaar. Scott
plant an expert on the manufacture Of
war munitions was sent to Richmond
for the purpose Of inspecting the
plant to ascertain whether 1t could be
put to satisfactory use for such pur-
poses.
This expert reported that the plant
could not be put to immediate use in
the manufacture Of shells and ordi-
nance as it lacked the necessary equip
ment. As the Canadian government de-
sires plants which can be operated
without unnecessary delay for the pro-
duction of war material it is the gen
eral opinion among the members Of
the creditors committee that the prop
osition for it's purchase will be with
drawn in a short time.
Possibility Exists.
On the other hand it is realized that
Richmond's railroad facilities, the
we'll suited factory buildings and the
near proximity Of Richmond to the
Canadian border may be considera-
tions which will prompt the Canadian
government to take over the plant and
re-equip it as an arsenal In the event
such deal is consummated the Cana
dian government would lease the plant
to some private concern, taking an
option on the plants entire output Of
war materials.
It has been learned that when Re
ceiver Mount was in Toronto recent
ly representatives of the Canadian
government almost demanded of him
that the Rumely plant in that city be
disposed Of to the government, which
he could not do as deal had previ-
ously been closed disposing of the
plant to a privately owned manufac-
turing concern. 1t was then that rep
resentatives Of the Canadian govern
ment made a proposal to purchase the
Richmond plant of the Rumely cor
poration.
Plans to Reorganize.
Plans for the reorganization OF the
Rumely company are based on recon-
mendations contained in reports OF the
receiver, Mr. Mount, by members of
the creditors committee and by Ste
phen B. Fleming Of FIT. Wayne. who
was employed as a special investigator
by the creditors. The recommends
tions in the various reports were al
most identical.
The reorganization plans call for the
retention of the plants at La Porte,
Ind, and Battle Creek, Mich, the best
equipped and most modern Of the five
owned by the corporation. These two
plants would be sufficient to meet all
the demands for threshing machinery.
The Gaar. Scott plant is considered
to be very desirable for manufactur-
ing purposes but not so modern nor Sc
well equipped as the La Porte and
Battle Creek plants, consequently 1t is
on the market.
so we'll established are our reor-
ganization plans" a spokesman of the
creditors committee said. that any
attractive proposition for the purchase
or the leasing of the Richmond plant
will now be considered. Attractive
propositions sfor thee purchase OF the
right to manufacture the Gaar, Scott
line Of machinery will also be consid-
ered."
It is understood that the receiver
and creditors would be willing to dis
pose OF the local Rumely plant for less
.han $25O.o00. ..-