Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-07-07
ARPLANE FIRM
EXPLAINS STAND
Hord and Co. Gives Aims and
Objects of New Middle
town Industry

Your attention is directed to cer-
tain erroneous impressions. Criticism
| of an individual who Is honest in his
efforts, without careful investigation.
is unjuStihable. If we were all OF
one opinion on given subject, there
mind of the citizens in a community
is the barometer of progress in that
community. Where you find business
men alive to their interests you viii
bees do not cherish the necessity of
tolerating drones, and they rightfully
endeavor to destroy or rid their hives
of them. No community has pro-
mtsts predominant.
We are not speaking in spirit OF
criticism. Our sole aim is to exte1d
10 toe every reader an invitation to do
tion Of our position in a proposition
to follow. and upon the verdict we
shall be governed.
In presenting the four essentials we
solicit your Indulgence of withhold
lng your final judgment until SUCH
time as you have complied with the
requests. The four essentials are:
evidence; third. consider ultimate re-
dict.
this verdict shall be final and we
promise to take no appeal.
Unfair to Condemn
NO fatr-minded individual ever per-
final conclusion of any proposition
without full knowledge as regards
its merits, its possibilities and the
intentions of those who are proposing
II. 1t is unfair to your neighbor, to
your city and community, to your
country and yourself, to condemn any
project without first giving it most
careful investigation and considera-
hn hot 70
IN our own light and work hard
snip. and do ourselves an injustice
unconsciously, when at the same time,
II we would take as much time to
enlighten ourselves as we do con-
demning a proposition we would not
only be furthering our own interests.
put would prove ourselves worthy of
the confidence of the society about us,
and be an instrument through which
our community would profit. broad
open mind is always ready to be con-
vinced. while the narrow. prejudiced,
skeptical mind is never in recep-
tive state. nor even listens to reason.
1t is the hope and aim of the under
signed that this statement will be
resd ana THOROUGHLY digested by every
every true, loyal, COMMUNICATING
citizen. and that each reader will
withhold his final judgment until the
you believe our proposition is not
teaslble or is unsound, we will then
be ready, to accept your verdict.-be
that as II may.
community Is quite dependent upon
lts industries, no sane person will dis
pute. If a good number be employed
IT means in addition to a general
prosperity. increase in realty values
The thicker community is populated
as rule. the greater the value of
us real estate. Supply and demand
are invariably factors when comput-
~ fY,rr a
or personal property.
Offer Industrial City
we are ofering this community
what trtn Will practically. be. an indus
time form the connecting link in the
chain OF industries on the artery be-
fween Harrisburg and ,Middletown.
its share to the general prosperity
and add very materially to the COM
mercial, professional and financial in
Ierests rests; Of the entire community. In
of either land. buildings or money.
We propose:
First-To issue stock of the new
company for the issued stock of the
old company, share for share, thereby
protecting every stockholder of the
keystone State Fair and Industrial
Exposition. Second-Our financial pro
81 SFam anv uoes t not r reontemplate the sale
pay the indebtedness of the keystone
State Fair and Industrial Exposition,
Fourth-To establish immediately a
nrst It unit OF plant for. the manufac-
ture and market certain type or tur-
olne engine for aircraft and other
uses.
To carry out THIS program, we will
issue convertible first mortgage six
per cent: notes, secured by the entire
assets or the new company, otherwise
known as the Keystone Industrial
corporation, including, free of encum-
"a
dletown, the present site of the Key
stone State Fair and Industrial Tx
position, and at no time win we issue
notes in excess of the security back
OF them. Furthermore 1t Is explicitly
provided in the trust deed that all
disbursement OF funds received from
the sale of such notes shall be with
the sanction and approval of the trust
company accepting such trust. Be
hevtng the above program to be sound
and feasible, we therefore ask the
citizens and civic bodies of the coun-
IL ties interested to open their minds
able to convince them that we are
sincere in our intentions, that our
proposition has merit and that it viii
eral.
To Help Government
Owing to the abnormal condition of
the times and the declaration of war
practical, but unwise, to continue eff
forts in financing the keystone State
Fair and Industrial Exposition. In
diViduals had placed their money in
1T and contractors had extended it
credit. Under the conditions aban-
donment of the project meant total
loss to all. The beautiful AL acres
of ground, exclusive OF the mort
gagee's interests, belonged to the
gible asset. and if it went into the
courts for disposition and under
forced sale. it is, unlikely that any
stockholder would receive value for
his stock. Therefore, quick and time
ly action was necessary if they were
to be saved.
The Government being at war and
the public press agitating the use
~ aircraft as the means to combat IN
automatically made it the psychoiog2
ica1 time to give thought to that par
ticular line of manufacture; for by
SO DONG many points of advantage
would be accomplished. among which,
First-We would turn quickly a
sure losing proposition into one of DO
tential value and thus in time save
all stockholders and creditors every
dollar;
Second-we could aid the Govarn-
ment in our battle for freedom and
democracy;
Third-We could put an industry in
your community that all will point
will make the community nationallv
known.
Please do not understand that our
proposition, is exclusively an aero
tory. We propose on Industrial city nS
and aircraft Is only one of the units
which makes itself paramount only
by the fact that our Government is
that we fortunately have a license to
manufacture an approved biplane and
hydroplane.
Cooperation Essential
h. zN,AG