The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1915-01-30
Indianapolis Lawyer Acting
For Stakeholder, Negoti-
ates for Purchase of Gaar-
Scott Equipment.
FOR REORGANIZATION
Frank Land Sees Possibility
for Renewal of Business
Under Proposed New Man
agement of Plant.

An effort is being made by, ono q
the M. Rumely stockholders. through
William L. Taylor. an Indianapolis At
torney, it is reported, to arrange to
take over the Gaar-Scott factories
from Finly Mount, receiver of the
Rumely company, and II this is posi-
BILE, a reorganization Of the old Gaar-
Scott company is planned.
Mr.. Taylor was In Richmond Thurs
day. The man he came to see left
Richmond at the same time MI. Taylor
left Chicago and they passed on the
road. Mr.. Taylor left Immediately
after discovering this.
This plan is of such recent origin
that none of the local Rumely stock
holders and former Gaar-Scott owners
had been officially informed of It Re
Gently there have been many rumorS
that a reorganization of the Gaar.
Scott company would be brought about
but these are said to have emanated
from suggestions to that effect
Start Old Line Again. -
Howard Campbell. who retired from
the Gaar-Scott company shortly before
it was sold to the NJ. Rumely corpora
ton, said today there would be no DIFF
ficulty In manufacturing the old Gaar-
Scott line again, as the Rumely COM
pany does not hold patents on any Of
the Gaar-Scott models.
The difficulty in accomplishing this.
the local men say, would be to ar
range to take over the GaAr-Scott fac
tories here. The receiver, Finly
Mount, of Indianapolis, is trying to re-
organize the company to start busi-
ness again.
John L. Rupe, former attorney for
the Gaar-Scott company, said when in
formed Of the visit Of Taylor to Rich
mond. that the receiver of the Rumely
holdings was quoted as saying the
company. would be recognized to do
business In the Laporte and Bsttle
Creek plants.
Plant 10 Valuable.
"Unless this policy is carried out, I
doubt that the clients of Mr.. Taylor
could make arrangements to get the
factories here" Mr.. Rupe said. The
plant is too valuable and there is too
much money tied up in it. II sold the
plant would bring almost nothing. but
it is valuable to the company for busi-
ness purposes.
"If a reorganization of the Gaar-
Scott company could be effected it
would be a God-send to Richmond.
The worst thing that ever happened to
this town was the sale Of the company
to the Rumely company.
Il doubt whether the Gaar-Scott
company could be organized with the
same stockholders. The client of Mr..
Taylor probably is an outside man
who knows that the Gaar-Scott repu-
tation is a valuable asset"
Land Sees Possibility.
Frank Land of the Gaar-Scott and
Rumely companies, said he believed
the reorganization of the old company
or organization of q new Gaar-Scott
company is possible if arrangements
can be made with the receiver Of the
Rumely plant to get the factories here.
The matter had not been broached
to officials of the Second National
bank, according to w. c. Seeker. S. W.
Carr and D. n Elmer
This has been rumored several
times. but have heard nothing Of the
new plan," was the expression of each
of them. S. S. Stratton, Jr., who was
mentioned as the possible client of the
indianapolis attorney, has not been in
Richmond since January 13, they said
c. P. Holton is in Chicago and In
dianapolis on business concerning the
receivership of the NJ Rumelv COM
pany. He will return here next week.