The Barre daily times. (Barre, Vt.) 1897-1959, 1919-08-19
SOME 'PEERLESS" FACTS
ON PROPOSED INDUSTRY
Continued from first page!

and has the necessary viewpoint and
foresight
Every stakeholder in American Tel, q
Tel Co.. Bethlehem Steel, Z. S, Steel,
Goodrich Rubber Swift, or countless 9TH
err utilities and industrials, are loaning
their money to the upbuilding of some
other community, and these same con-
Germs are advertising the towns that they
are identified with fully as much as they
are advertising the products which they
manufacture 1t is perfectly right and
proper that people in our town should
put their money into these ellmanaged
and financially strong concerns, for they
are the great corporations that form the
backbone of American business and are
greatly needed and should be encouraged,
rather than prosecuted. But why should
we not, when we have the opportunity,
put our money into good manufacture
ing concern right here at home, where
our money will be spent in our own com
munityY Bethlehem Steel has made Beth
| lehem, Goodrich has made Akron, y. ).
! Steel has made Gary, and many other
instances of this kind might be cited.
| Money put into the Peerless knitting
| Mills will be spent in Barre and will
come back to us in many ways; it will
| give employment to local labor il will
/ be turned over to our merchants for gro
ceries, shoes, clothing and other necessa-
! ries OF life; part of it will 90 to the real
| estate owner for rent; part of it will be
saved and deposited in our banks, where
! it can be used again to loan to help
some worthy persons to build and own
! their own homes; we will be bringing in
| so much wealth in the form of raw ma
terials manufacturing them and distrib
uting a good share of this newly Great
| ed wealth in our own town. Everybody
will share in this process. Instead of
sending money out of town, we shall be
| bringing it in, and increasing the general
prosperity.
1t is human nature to look for some
thing for nothing, and it is also natural
that people should wish to get rich
quickly. The American people have the
reputation for impulsiveness. We want
to get things done, but fortunately an
investment in the preferred stock of the
Peerless Knitting Mills holds out no such
! allurements. 1t is not quick specua-
! tive proposition with the expectation OF
! large immediate pturns. If there is any
! one in Barre who wishes TO get rich in a
minute, there are thousand firms that
offer to do that for them. The sucker
| lists are larger than ever at present. Oil
wells, worked-over mines, holes in the
ground in fact any kind of proposition
that should appeal to a dyed in the-wool
bucket shopper, but thanks TO the blue
sky law of Vermont, many innocent vic
| Tins win be saved
1t ia well known how the average pro-
moter OF these worthless schemes oper-
ates; he comes to town properly adver-
tised and decorated, gets an acquaint
ance through lavish hospitality, slaps a
| few of the townspeople on the back and
tells them that they have the finest town
in the world, gives few thousand shares
10 some Of the influential men for the
use of their names, stands in with the
| churches, interests good hustling local
man on q. t. commission, gets the ball
a.rolling, and the lambs all come TO the
| gambol entirely obivious of their forth
coming slaughter. Then quietly, under
cover of darkness, in the cool of the
evening, he silently slips away while the
good people sleep on, In the course of a
few weeks they wake up and rub their
! eyes, but they think ii better to keep
still about it all, for they dislike notori-
ETY. which prosecution might bring to
them.
Now these are facts, and we well know
it, and we know that this little game has
been played right here in little old Yer
mont. and some of these same people
who have been unfortunate enough to be
mixed up with something of this kind
will tell you that they will henceforth
have nothing to do with anything for the
town,
The Peerless preferred stock comes to
us under no such pretense as that just
mentioned; il has no selfish promoters
and offers no get-rich-quick opportunity.
1t is simply an investment in business
which has a market at all times at q
profit; an investment in concern we'll
managed by honest men; an investment
which offers moderate rate of interest,
free from taxes; an investment behind
which is being built up constantly sur
plus and an increasing equity; an in
vestment which experienced and success
full local business men are ready to in
vest heavily in; an investment in a BUSH
ness which is not coming TO Barre for
to-day or tomorrow, but for many years
to come and which will become a fixed
part Of the industrial life of the com
munity an investment which will be
worth what is paid for it and increase in
value; an investment in business which
is no experiment, no novelty this is
where a great many communities make a
mistake; backing an experimental prop
osition) an investment in proposition
for Barre and surrounding towns, for
what helps Barre helps all in the sur
rounding country; finally, an investment
for you.
Can Barre count on your helpi Do you
think enough of the city to help her
grow and expand? Do you appreciate
what she has already done for you
enough so that you will stand by her
nowf Are you for Barre, or do you live
here for just what you can get out of
her Ask yourself these questions.