The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1917-08-04
new FACTORY
TO EMPLOY IS
men COMING
TO RICHMOND
Commercial Club Brings
Jenkins Auto Spring Com
pany Here From St. Louis
Seeks 8-Acre Site.
HAS 100000 STOCK

The reborn Commercial club is max.
ing good.
A manufacturing company with a
capital Of 100000 and which will en-
ploy seventy-five men at the start, in
it's own factory to be built soon, will
locate in Richmond at once, as a result
Of the clubs efforts.
The new company Is the outgrowth
Of the jenkins Vulcan Spring Co.. Of
st. Louis, pioneer dealers of the coun-
try In the business Of replacing broken
springs for all standard makes OF auto
mobiles.
To Locate Here.
T. B. Jenkins. president Of the con.
cern, has been in Richmond for some
time and will come here permanently
as soon as he can move his family.
Offices also are to be moved soon.
An eight-acre tract is to be bought
and a modern factory building built for
the manufacture of the springs. as
soon as the stock, already two-thirds
taken, Is fully subscribed.
OF the 100000 capital, one-half OF
which is In common and one-half In
preferred stock to pay seven per cent,
a total of $170,0 has been subscribed
outside of Richmond. Practically one
half Of the 500, 900 held for Richmond
investors, has been voluntarily sub
scribed, and when the active campaign
to dispose of the rest, starts, the Com.
mercial club directors anticipate q
rush.
Four Richmond Directors.
Four of the seven directors Of the
new manufacturing company are
to be Richmond men The company
will take over the present Jenkins
company at its net worth, $4,000
AS men skilled In spring-making are
scarce In Richmond. labor for the start
Of the factory viii be brought In from
outside. Seventy-five men who will
be employed at the start win form the
nucleus Of = laJgPr forca to .xrnw as
tIfes business grow.
George Seidel, vfce-presideut OF the
Commercial club, learned some time
ago that the Jenkins company WIS
looking for q location. He brought
Jenkins to Richmond about a month
ago, and the Commercial club made a
thorough Investigation.
Jenkins was highly pleased with
Richmond from the standpoint Of 10
cation shipping facilities and civic
spirit
VIII Move Family Here.
II like Richmond from a manufac-
turing and personal standpoint, and
am planning to move my family here
as soon as I can find a house." said
Jenkins Saturday morning The 9th
er officers OF the company will also
move here as soon as business starts"
The jenkins company Is the largest
company In the United States in tho
business Of replacing broken springs,
and has distributing agencies an over
the country.
It was started in 1912 by Jenkins
and has grown steadily ever since. In
1915 it was Incorporated in St Louis.
and is rated at 100000 net worth.
practically all an outgrowth Of tho
modest beginning.
The company supplies springs Tor ev-
cry make Of motor cars, but has been
having them made by outside factor.
les. With the advantage Of making
their own springs. the officials ex-
pect larger expansion than in the past,
and believes the future Of the com.
pany is practically unlimited
T. B. Jenkins, president, is a vet
eran OF the automobile game, having
started in It In 1901. He owned tho
first pleasure automobile brought into
South Carolina. his native state. He
is thirty-eigh years old.
The active campaign for the dis
posal OF the remainder OF the stock is
to be started at once, and the Com
mercfal club expects no diniculty In
getting nd Of It. Work ON the fso-
tory Will be begun as soon as the
stock is sold and q site secured.