Free trader-journal. (Ottawa, Ill.) 1916-1920, 1917-06-14
SHOWN
At PUBLIC MEETING
Of COMMERCE BODY
OTTAWhS FUTURE GLoWiNGLY
PICTURED AT COURT HOUSE
GATHERING - REVIEW CAM
PAlGN FOR 100000 INDUSTRIAL
FUND.

The first general meeting OF the
Chamber of Commerce was held in
, the county court room last evening,
: and it proved to be very enthusias
7 tic one.
When President Griggs called the
meeting to order at about S:l5 o.
clock upwards of one hundred mem
bers and people interested IN Qua
was growth and welfare were on
/ hand to do their bit in making the
+. meeting success.
President Grggs in his opening re
marks briefly outlined the OBJECTS
and purposes of the Chamber OF
! Commerce and he said he was more
than gratifed at the splendid attend
{ ance which proved to him that OF
tawa and its people were awake 10
! the necessity Of all pulling together.
+ MIR. Griggs then presented Mr.. L.
3 r. Savler of Waukegan, who has been
in Ottawa Tor about month WIN the
: object in view of raising industrlal
fund of 100000 for the purpose OF
! bringing factories to this city. He out
lined the plan of operation clearly
and concisely He cited Waukegan
as city that has shown remarkable
growth since the introduction OF
nlan similar to the one that the Cham
, Der of Commerce stands for in THIS
, city
Subscribers to the industrial fund
, are asked only to pay 10 per cent OF
their subscription within 60 days al
ter signing The shares are one hun
dfed dollars each and as factories are
secured the trustees who pass upon
the credits Of proposed factories
!, agreeing to make loans to them in
;, whatever amounts are necessary
They will then ask the shareholders
. to pay another 10 per cent or enough
, 10 cover the money loaned to new IN
stitutions. so that subscribers are amp
ly protected by real estate security
i and at the same time they are AIDING
I greatly in the development of Otta-
was resources. If no factories are Sc
e cured no further payments are asked,
q Postmaster Dougherty said he was
Y enthusiastic for the plan but he want
ed to see the property owners and
1 wealthy people to contribute a llttle
G more generously to the fund, as it was
) a guaranteed business proposition and
q, not a begging one.
n l.. T.. Porter was strongly in favor
d of the plan and believed it to be the
best scheme ever inaugurated in this
y city
II l.. Hossack thought the plan a
: splendid one and thought SO well OF
-" II that ne contributed generously to
9 the fund
Mr.. Brockett, president of the Ghent
Motor co. was glad to see the people
Of Ottawa get together and thought
the plan "A most conservative one,
VIM. Mulholand, Sr,, was enthus-
iastic for the scheme and believed
with the resources at OttaWas com
= mand little difficulty in getting many
> of the best factories in this part OF
the country
l. ]. H. Bayne said he was glad to
IS see the people of Ottawa awake tt
n. the development OF its splendid re
fl. sources He saw no reason why this
n fund could not he raised in this city
with all the millions in the strong
le boxes in our banks.
J.. l.. C. Brand thought the plan a wise
m one and the best evidence of his be
Is lief in its working was a good con
te tributon to the fund
Theodore Grot said he thought III
10 better plan could be devised but h
IA felt Just now a little worried fearnt
M that the government might cocmpe
of him to so into the grape juice bust
X ness, but in any event he would b'
IN glad TO enroll his name as a subscribe
si to the fund
IN. President Lucey Of the Business
he Mems Association felt very optimisti
,c. and was particularly gratiiied to Sc
ng the plan worked out to completion
,r. He felt confident that the people O
Ottawa will respond when necessit
on requires and he said with fund c
10. 100000 available there will be no en-
re to the number of factories that Nigh
es be secured,
~. Secretary Farrell and Mr. C.. Il. Sa!
on Ter distributed cards at the meotin
,at and a considerable amount was adde
IA, TO the fund, which Is now not ia
ri from the $4,000 mark.
ial About 20 members volunteered the
m. services to act as q committee in hel
r." ing raise the fund to 100000, and {
day special activity was shown whe
:. many new subscribers joined IL
ranks Of industrial fund
Chairman Griggs, before closing II
meeting exhorted everybody in OFT
IVA who wanted to see the city gro
III and prosper to do their share towal