The Barre daily times. (Barre, Vt.) 1897-1959, 1919-09-02
The Peerless Knitting Mill
Project Is Practically
Assured Now
BALANCE OF $250,000
COMING IN RAPIDLY
General Feeling Now That
Goal Will Be Reached by
End of the Week

Barre measured fully up to her best
traditions Saturday in extending the
Peerless Knitting mill subscriptions be-
yond the 100000 mark. The 18th hour
influx OF subscriptions undoubtedly saved
the situation, for the Board OF Trade and
various eanyassing committees, after, a
week OF the most arduous labor, were
convinced that the 100000 must be
reached if they were TO continue their
efforts to secure the $250,000 necessary
to bring the new industry to this city.
On the big diagram in the office of Sec.
w. A. Drew, the indicator pointed to
100000 when the last subscription Of
the week had been tailed late Satur-
day night.
"0ur most sanguine hopes have been
exceeded" was the comment offered by
one of the Board of Trade directors when
he was told that the weeks quota had
been oversubscribed "It is the finest
kind of encouragement and will help us
tremendously in obtaining the remaining
$4,000" he added The outlook for the
next few days already justifes this pre-
diction. The moral momentum of $780,
600 subscribed in such a public spirited
manner ought to figure nightly in sign
ing up the comparatively few subscribers
necessary to round out the ultimate
$250,000.
The jump from $4,000 to S200,oO in
q single halliday testifies eloquently 10
the splendid community spirit in Barre.
1t speaks volumes for the sterling worth
of an investment into which the citys
most conservative men, the little and the
big investors, have not hesitated to turn
their money. The moral effect of a $780,
600 community investment in a project
offering not only industrial protection
against the future, but an attractive
financial return, is going to be big fac
tor in securing the $4,000.
Within the next few days, it is hoped
and confidently expected that people who
have not yet definitely signified their in
tention to invest viii be signed up for
stock Preparations are already being
made for the actual task Of getting the
new industry under way, and nothing
can stop this program except for a final
and wholly unexpected failure to com
plete subscriptions Of the relatively small
balance. Investors in neighboring towns
have exempliiied their faith in Barre and
in the new industrial project by pur-
chasing substantial blocks of stock Nat
urally, the inv estment feature has its
strongest appeal for them, and they are
not Influenced by sentiment in the de-
gree that local subscribers are. Yet to-
day they were sharing in the gratifiea-
tion expressed here in the city over the
splendid progress made, and those who
have already subscribed are awaiting
with keen Interest the final announce
ment that every last cent of the required
$250,000 han been subscribed
The 5000 200 reported to-day repre-
sents subscriptions actually received and
signed up. BY the end of the week at the
very latest 1t is essential that the bal.
ance be st,cured, and TO that end the en-
tire community must do its part There
is general feeling that the most crucial
hour of the campaign has passed, bat the
immediaite future imposes task that
cannot he overlooked With the goal so
near,the knitting mill project must not
be alloved to 60 by the board
Sec. w. A. Drew Of the Board Of Trade
may be seen at his office in the Rowland
buidinr Personal interviews cheerfully
received and subscriptions received at all
hours. Tel. 22-W.