The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1916-09-14
ANSWERS TO QUERIES
ABOUT 100000 FUND

What methods will be used to in.
uce manufacturers to locate plants
ere?
1t is impossible to answer this ques
lon in full, inasmuch as every factory
Prospect presents a different propo-
ition. The Richmond Industrial De.
elopment company will not pay d.
ect bonuses, but will pay moving ex
lenses. or provide sites, or in some
Asses buildings, and In other conser
ative ways offer inducements for fac.
pries to move to Richmond. Only
properly financed and properly man
Sged propositions will be considered
b other cases buildings may be pur.
hased and rented to new concerns
|ntil they can arrange to purchase
hem. Often 1t will be possible to
ecure plants without decreasing the
lind. The Rumely plant deal by
Hhich great factory was secured is
N example Of this.
What success should the Industrial
ompany have?
During the course Of FIVE years many
Iell-fnanced factories should be Sc
ured through such fund. Never
efore in the history Of this country
as there been such promise Of In.
ustrial expansion; never before are
many factories outgrowing their
lants and facing the necessity of NOV.
hg: never before has the competition
etween cities for such factories been
IL o(l 80 L.
rial fund Of 100000. Richmond
hould be able to secure not less than
wenty factories. II these factories
hould only average Is employees. it
you'd mean over $1,000.000 added to
he factory payroll Of the city every
ear, and even more than that In pro-
iding buildings. homes and all other
Expenditures that come from COM
hunity growth.
Every one would beneft-the pro-
erty owner, the real estate dealer
he jobber. the manufacturer. the
anker, the merchant. the doctor. the
pwver. the theatre owner. the public
tility and so on throughout the com
hunity.
Furthermore, 1t ia we'll known in in.
,strial circles that one factory at.
focts another. A city OF industries
-acts other industries. The labor
"~'v IS better. Banking conditions
hotter. There Is more opportunity
ovpsnsion.
What other advantage Is there In
a'sing a large fund at one time?
Fcoromy results from raising In one
ampaipn fund large enough to cover
period of years. There Is always
|ome expense in campaigns, and a
|reat expenditure Of the time of bust
|pss men. When such campaigns must
hike place every year or oftener. a
reat waste results. Business men In
Progressive cities are putting an end
b such ineffiency by anticipating the
llture and financing commercial or.
LIMITATIONS and industrial companies
br a period OF years. This practice
az the Endorsement and approval OF
In commercial authorities. Business
hen have but limited amount OF time
br public service. and they realize
hat II Is largely wasted when large
err cent of the time must be first used
n raising money for this or that pur. |
lose
The raising OF a 100000 fund in !
his campaign will stop the practice
hr ut least FIVE years of passing the
| at" for handling factory proposit-
bns.
What does the success Of this cam.
align mean to Richmond?
It can mean but one thing-a
|reater Richmond 1t vii! mean the
avn of a new era of progress, not !
|nly industrially but in every other |
|hase OF community life. II will re |
hit in a greatly strengthened and en-.
husiastic Commercial club. and a
huch larger citizenship putting their
houlders to the wheel" 1t will bring
bout better civic spirit. 1t means
bore population, more wealth, more
hme for Richmond .tt.-
What is II that r. city?
Great cities "a" quilt by ad-