The Barre daily times. (Barre, Vt.) 1897-1959, 1919-07-12
GEORGE E. WARNER WAS
ELECTROCUT,ED TO-DAY
FOR DOUBLE MURDER
TO SEEK SUBSCRIPTIONS
FOR NEW INDUSTRY
A Committee to Determine Definitely
Whether the Peerless Knitting Mill
Co. Shall Be Located in Barre

The Peerless Knitting Mill company's
proposition to locate in Barre was thor
oughly threshed out in the Granite Man
ufacturers' association rooms last even
ing before so Of Barre's influential bust
ness men, as well as few from sur
rounding towns. The question whether
Barre has S250,000 to back up this pro-
iect will soon be known, for a motion
was made to have a committee canvass
the city for subscribers who would be
willing to invest their money, the result
Of which canvass will decide whether
Barre will have a new industry or not.
If the amount necessary is subscribed,
then the Peerless officials will start plans
to establish a manufacturing plant in
this city that will require sum Of
100000 to build This will eventually
give employment to 200 women and girls
of Barre and vicinity.
With the summer well advanced it is
the desire of the company to know def
nitesy whether or not Barre people want
this new manufacturing plant. If not,
the officials want to know, in order that
they may negotiate with some other
town or city.
The meeting divulged unanimous en-
thusiasm for the project as far as the
number went, but as there were present
only about so out of several thousands
of people, fair estimate of the support
of the general public, that would be nee
essary to back up this movement, could
hardly be ascertained. The canyassing
motion was unanimously agreed upon as
the only way of deciding the question.
What is really wanted is the assurance
that there is S250,000 Of Barre money
ready to invest in shares of this firm.
Though the money is not needed imme-
diately, nothing will be done until the
company has received the subscription
for the specified amount. Such men as
Harry Daniels, the wooden manufacturer
of East Montpelier, and f. d. Ladd of
Barre consented to be among the first
20 men to purchase the first 100000
worth of preferred stock. Twenty more
men willing to invest $500 and 20 with
81 900 and 40 with $500 viii be the men
sought to support this new movement.
1t was the sentiment of every man
present in the hall last evening that
money invested in this concern would be
good investment, after having heard
Mr.. Crawford, financial agent and repre-.
sentative of the Peerless firm, give the
full details and history of the business
His statements were confirmed in many
instances by those of w. G. johnson and
| Harry Daniels, two of the men who in,
vestigated the business of the plant, as
representatives of the Barre Board oi
| Trade, six weeks ago in Mattapan. These
men spoke purely from business stand
point, disregarding sentiment as to the
betterment of the city.
The present Peerless Knitting Mills
company would be dissolved and new
corporation established with an author.
lied capitalization of Sl000,000 to bc
incorporated under the Massachusett:
laws. The control of policy will be
vested in the common stock. Five direc-
tors will be appointed to control the new
corporation. three of whom will be from
the Mattapan establishment and two
| from Barre.
Shares viii be sold at 500 each. As
safeguard for anyone wishing to re-
deem stock a sinking fund will be estab
| lished with $4,000 considered as the
minimum amount to accommodate the
stockholders.