The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-12-12

SUNDAY. DDCNMBER II. 1919
Tax Exemption
Great Prosperity.
There y nsthing perhaps whieh b
nsrs beneficial TO : cty than to have
. geodly share Of the eountzy's capi-
I'll turned IN tn direction Tor manu-
fActuxing rurpossA
Tlds can only b. dens when snticins
syportunit3es are given the capitalists
- ct thsir manufacturing plants a
= paying basiA
n has been shown ssneausavefy dur
ing The past hsK century that my h
dnstxy which ID started sut under
NV conditions and IN new 6surrcmd-
inss has 10 pun hard for the first few
years b order to succeed There srs
10 many extra expenses generally
during the nrst few years Of opera
ton that dividends are small and I'M
inviting.
Cities and TWINS, and stxtss also,
would do wsll under certain conditions
Il they would offer opportunities for
manufacturing plants to BE- erected
and operated for tan q more years
fres u any taxatien IN order that
thsrs might be u least . little h
tsrest accommodating On the vast
amounts necessary to got industries
into working condition
A striking illustration u this point
Is given In q recent issue Of the Sha-
mokin (Pa.) Dispatch. In tho Dis
patch there appears news story
played up on the hrst page showing
the great prosperity which has come
to the Eagle silk Min Company dur.
ing the ten years in which they have
been operating there.
The capital stock Of the Eagle Sill
Mill Company has recently been IN
creased to $200oo,0oo and there IL t.
be new eastern headquarters openet
up In China by this prosperous con
Germ during the winter. The boart
Of directors was enlarged 80 that ssv
eraI interested capitalists could b,
taken care Of.
This silk min corporation Is toda.
one Of the largest and strongest b
the whole country and:lt has been tn
means Of greatly assisting in the de
velopment Of the town In which Il wa
located ten years ago. The town o
Shamolxin would have . hard tim
now to get along without this grea
industry. x
Ten years ago Shamokin offered t
outside capital the inducement Of tn
exemption for several years upon an
manufacturing plant erected IN tina
city
The Eagle company took advantag
Of the opportunity and started to wor
On the big plant which has proven
be = great help to the city and
good investment for the stockholder1
The great manufacturing plant Is
be enlarged to almost twice It's pref
emit size and several hundred MOI
operatives win be added to the pa
ron.
What Shamokin has done for a
Eagle Silk Mil Company any eli
government can do for other capita
lists seeking good and safe inves
ment for their means
The taxes exempted by the Sh'
molxin city government have been r
paid many times over by the increase
pay rolls Of the corporation Hui
dreds Of employees have been mao
happy and hundreds Of homes cheer
by the prosperity thai has attends
the new industry. AS the Dispat,
puts it, "the city would have a hal
time now trying to get along witho
this big concern and its weekly ps
roll"
Why can't prosperous Pensacola Q
fer some, such induceIaent to outsi,
capital as was offered by the city
Shamokin ten years ago?
The state of Florida might do w
to consider the matter of offering Il
exemption for several years to /
manufacturing plants.
The opportunity is one that shou
not be overlooked or treated cal
lessly.
4 u