The Bridgeport evening farmer., 1916-10-11
HOUSING CO.'S CAPITAL READY
 TO GO TO WORK
With Manufacturers Clam bring for Stock, Venture
 About to Be Launched

The Bridgeport Housing Co. now
 has ample financial resources to com
 plete any of the projected plans for
 immediate housing of Bridgeport's needed mechanics
 Sufficient land has been ordered purchased in various sections, of Bridgeport to care for at least 1000 families, with tentative acceptance of
 a large tract of the Remington city
 land holdings, ready for immediate
 improvement to care for predicted in
 dustrial growth in the East End.
 The tracts taken by the Housing
 company are:
 The Honeyspot property on Gal1ows road and other small adjoining prop
 critics in the town of Fairfield, adja-
 of which H. H. DeLoss, president of
 the Housing company is head. One hundred thousand square feet
 of land on the corner of Connecticut and Carroll avenues, purchased by
 Walter B. Lashar for development,
 but turned over to the Housing com pany.
 A small lot on-the corner of Rennell and Atlantic streets, destined for the nucleus of larger purchases fo land in that section to care for South End factory workers. V
 What probably will be the biggest development of the company is now a matter of consideration between the Housing tompany's officers and Mar ce1lus Dodge, who has offered a big part of the East End holdings in. Remington city to the company. The matter of purchase price, which in vb1ves many thousands of dollars, is not definitely settled upon but it is believed by those in close touch with the affairs of the company to be matter of days now before the con- clusion is reached. If present plots and plans are definitely accepted, with plans of the Remington Arms & Ammunition Co.,, to guide them, i'm. mediate building operations in that vicinity may be started.
 It is the aim to begin actual work at once, contractors already being sought to estimate upon work. It is hoped to have one large company un- dertake the whole operation upon a basis that will save for the Housing company that difference in profit which would be lost employing many builders. A percentage agreement most likely will be reached between the housing company and the con tractors, a host of whom are now in this city clamoring for some of the business.
 Z Charles G. Sanford, president of the First-Bridgeport National bank and active head of the financing arrange ments of the Housing company to- day signified that the factories in Bridgeport undoubtedly will subscribe all of the capital stock of the Housing company without the necessity of public subscription. Several large subscriptions. as previously noted in the Farmer, have been followed by other offers to take up large blocks of the stock. Factories generally in Bridgeport have clamored for shares in the company because of the privi- leges attached and it may be necessary to curtai1 the larger subscriptions in order to accommodate the smaller i'm dustries and avoid acrimonious feel in. Another plan that. is now receiv- ing consideration is the increase in the capital stock. part of which could be offered to public subscripton.f
 "We have today all the available capital that we need for immediate building operations" said MT. San ford. This statement is not to be talk en that all the money to be needed for additional building necessary for Bridgeport's future, growth has been but rather that the com pany is now able to forge rapidly ahead with ample credit extensions for normal business needs"
 President H. H. DeLoss, of the company, George Cove, sec retary of the Chamber of Commerce, F. c. Blanchard, general manager of the Housing company and others in- terested in civic movement visited the Fifth annual convention of the Good association at Providence to- day. Il