New Britain herald., 1918-08-01

Contracts Thcrc-COncCrn is Out growth of National Wire Mattress Co. Organized in 1868.
 Landcrs, Frary S Clark vii probably purchase the National Spring Bed Co. plant on High and Washington streets. Negotiations for the sale of the plant are now in progress, but have not progressed to the point where officials concerned in the trans action will discuss the matter
 John E. Minor, president of the Na- tional Spring Bed Co.,. today refused to confirm the report of the neSotia- tions. "There is nothing to say at this time. When there is an official statement it will be given out,' he said.
 President Charles F. smith of Lan- ders, Frary & Clark was out of town and Vice e-presidcnt Kiulball referred the reporter 10 President Minor. Some of the stockholders of the Ma tional Spring Bed Co.,. implied in their conversations that the negotiations were in progress and that the trans fer of ownership would take place. They declined, however, to be quoted.
 If Landcrs, Frary and Clark make the purchase the plant will cease to be a spring bed manufacturing place. The factory buildings will be utilized for the manufacture of war materials, which Landcrs, Frary & Clark will make for the government. Part of the building will probably be used to cen Of tI1o products of the company made outside the city.
 About three months ago Landers, Frary &c Clark purchased the business of the National Electric Utilities Co.,, at Danbury This firm manufactured electric ranges and gave employment to about 50 people. Landers, Frary &7 Clarg has added to it's line of electric goods quite materially in this pur- chase.
 Landers, Frary X Clark also owns the Reliance Heating Co.,, of Colum- Dia. Pa. This firm manufactured elec- tric heating pads and novelties Elm ployment is given to 50 operators. Tho business was acquired about four years ago.
 Say Deal Will Go Through.
 
 ed transaction are confident of the successful termination of the deal. Ac- \ cording to report. which lacks con- firmation, the stock of the National Spring Bed Co., is TO be paid for at par which is $25 per share. The stock has been quoted in the local market at from $2O to S25 per share. The com pany is capitalized at $1 50,00O.
 The National Spring Bed O., as sessment on the city list is for s99, 100. The factory plant is assessed at $4o.- 900 and the investment in mechanical operations is $45,00O.
 The officers are: President, John E. Minor of PlainVille; treasurer and sec retary. Otto Burckhardt; directors, John E. Minor, A. J. SIoper, Otto Burckhardt and Judge John H. Kirk Iham.
 The stock is closely held. The late Frank Porter was one of the principal owners.
 Long Sleep For Rip.
 The National Spring Bed Co.,, was the outgrowth of the old National Wire Mattress Co.,, which was organiz- ed in 1868. William I. Fielding was one of the founders. He invented the first wire mattress and manufac- tured it for several years It was he who conceived the now celebrated wire mattress bearing the name "Rir Van Winkle." In 1898 Mcssrs. SIoper Minor Krkham. Porter and F.. N Stanley bought out the National Wire Mattress Co.,, and changed the name
 When the transfer of ownership is made the new owners will undoubted. ly dispose of the manufactured pro. duets on hand, raw materials ana machinery, which is special for Shq
 (Contnued on Ninth Pa=4l