Norwich bulletin., 1915-10-05

at the Joint meeting of the Board of Trade and the Chamber of Commerce, which was held at the Buckingham Memorial to hear the plan recom- ing company to erect houses in anticf- patton of the coming of employees to work at the Hopkins & Allen company. At the same time there is the sum of $2O, ,000E which the Hopkins & Allen company itself has pledged to siIb- scribe in the event of the subscrip- tions reaching $100;000, which 1t is the intention to raise.
 The meeting had an attendance of 100 men, to whom was handed a print ed statement of the joint committee based upon it's Investigations of the subject and giving the conclusions which it had reached which caused it to recommend the formation of a $10O.000 real estate and building com pany.
 Opportunity to Locate Machine Shop.
 The meeting was called; to order by Robert w.. Perkins, chairman Of the joint committed. who was elected chairman for the meeting on motion of Frank H. Smith. and John J. Cork cry was elected secretary.
 In opening the meeting MT. Perkins said that for years he had heard that
 what Norwich needed was a suc- cessful machine shop and here was an opportunity to make one certain as the shop is already here. MT. Per kins mentioned that the mechanical head of the Hopkins & Allen company was J. A. MacGregor and the financial head was Augustus P. Loring, one of the strongest financial men in New England Both men are the strong est in their class and give unusually strong standing to the investment in the Hopkins & Allen Arms Co. They ask us for no money to be put into their company, but ask us to provide the large number of homes which will be reqrired for their employees. It Is an abnormal demand for houses which has got to be met In an un- |susual way The company. has offered to put in 20 per cent. of the money
 needed for a building association up to the extent of $20,0
 If stranger should come here and say he would increase our population by 2,000 families if we would build the houses, we would get busy pret- ty quick The time has come to make Norwich bigger. During 1916 this company will probably distribute a
 payroll of from s25.0ee to s3o,ooo; per week. 4.
 s It seems as if, should we fail to, do something, that we ought to take down the big sign displayed in. the city, Norwich for Pfogress.'' and change it to Norwich for Progress,
 but Don't Ask Us to Do Anything" What We Have Now. John J. Corkery was next introduced and said his canvass of the city had given him list of about SO desirable places to rent in Norwich and he thought we could not accommodate 100 | probably bring 500 families and the thing for us to do is to build places to accommodate them.
 I There are IT houses for sale and not 1 to rent, 16 to rent, SS tenements and apartments to rent, and 225 rooms fol lodgers. Places renting for less than $10 per month number forty -two from $le to $15, twenty-one; from SIS tc $20. seventeen, and from $20 to $35 nineteen.
 l MT. Corkery read from a New York paper of the immense developments iu Bridgeport because of the develop ment of the arms and ammunition was that this company would be com pelled to ship millions in arms by the
 tifne the European war is over and afterwards.
 i MT Coskery spoke of the need fol EuEited effort to result in great ben eft for the best Of Norwich.
 Would Be Profitable Investment.
 James L. Case addressed the meet. ing and said he was glad that MT | Corkery's investigation had proved that the Norwich real estate agenti
 were not alarThists, as had beer kcharged Mir. Case said that rent. for single family houses in Norwich Were low and that the type of house that would show the best investment for the builders would be those fol two or three families. He said ht | could see no reason why building Fcompany, properly, managed, would no be a profitable investment under tht 4 Circumstances and 1t was now up tt
 the citizens to do something.
 Good, Reasonable Security. l Frank H Smith said the housins hconditions had been talked about fo
 years and now was time to be takeT advantage of There will be good and the prospect for a paying return He said he was heartily in favor O. I the formation of this building com. | pany for Norwich.
 I Shepard B. Palmer spoke of the very | favorable impression made upon tn,
 committee by President McGregor o
 the sHopkins & Allen Arms Co, who had convinced them that the company was sure to be a success, MT. Palmer said he felt that everybody ought tt put his shoulder to the wheel and giv,
 the building company a boost I Safe, Conservative Investment. I Judge N. T. Ayling spoke of thre,
 aspects to subscriptions to a buildint lcompany, whether charitable invest. ment, one made for patriotic feeling,
 towards the city, or whether it wa.
 a good, safe, conservative business in,