The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1918-07-16
A Subscription Of $4,000 Is
Necessary for New Factory.
City Then Would Become Home
of Cushman Works.
APPROVED BY FEDERAL BOARD
War Industries Board Sees Adj
vantage in Manufacture.
Chamber of Commerce Will Act
on Proposition Soon.

After the meeting of representative
business men at the Chamber of Com
merce this noon, it was apparent that
Topeka may become the home OF
new Cushman motor works which VIII
do much towards supplying the world
with farm engines.
The meeting was called by President
NcEntire of the Chamber of Com
merce to consider plans explained by
John H. Agee of Superior. Neb-' look
ing to the establishment OF new
small horsepower engine factory IN
rToneka. Agee made a forty minute
talk setting forth the possibilities OF
such a factory in this city, introduced
E B. Cushman, inventor or the ehsille'
to the company and Withdrew WINE
the representative business men OIL M
citv authorized George p McEnt1re 70
appoint a committee to go INTO Inc
details of the proposed organlzatloil.
In his talk on the Cushman engine
epd the possibilities of a factory 10
Gated here for their manufacture, age
went into the history OF the or s,lien
Cusiman engine. telling OF tne 60
overcome before his engine was mar
keted as a staple article of farm EQUIP
ment and then told the Tragedy o. tle
reorganization of the Cushman MoCoI
works and the ultimate freezing on ING
inventor from the larger profits OF
the factory.
They Like Topeka.
ARee explained that stock brokers
in variolfs sections of the United states
have made offers to underWrlte tne
proposed company STOCK 10 tne
amount of 100000. Agee says thae
these offers have been consistently re
Tsed and that Cushman's liking Tor
the city of Topeka has led to the at
tempt to put the new factory IN
According to Agee. it is the plan OF
the proposed organization to issue
SI5O.0o0 worth of stock divided into
100000 common stock and $So'ooo
nreferred stock The preferred STOCK
is to bear Z per cent interest ana De
fully participating, tho non-votng. II
Is TO be retirable at the expiration oI
five years upon payment of Its par
value plus accrued dividends. The
common stock will be just ike any
other common stock.
Subscribe $4,000 Stock.
Under the terms of the plan out
lined by Agee, Cushman himseit wiz
take up $4,000 worth of the common
stock in payment for his patent rights
on the new Cushman engine, ana Will
in addition invest $4,000 in the pre-
ferred stock of the new company
Asee asked. fo~ Cushman, that the
business men of Topeka subscribe for
the remaining $4,000 of common
stock, and $4,000 of preferred stock
For the new company, If organized
Agee promised a rosy future replete
with good substantial dividends from
the very start. Agee said that the
ca. tai issues committee of the war
Industries board has approved the for
nation OF the new company, and he
reid a letter from the department of
agriculture to the effect that the new
company will receive the consideration
of the war industries board on the
ground that it is a war essential mas
much as the product to be manufac-
tdred is considered by many farmers
to be essential to the proper conduct
of agricultural operations. especially
the ha- vesting of small grains.
It is thought that the committee of
ten to look into the details of the pro-
posed company will be named within
the week