The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-11-03
HERE'S MORE ABOUT
FIRM MOVING
STARTS ON PAGE ONE

have had In the city. We believed
In our proposition and were certain
that with hard. careful work We
were going 10 establish In Seattle a
business that would make the city
known turnout the land as manu-.
featuring center.
PUT ALL THEY
HAD IN FACTORY
mir. Hucber. the inventor; 81,
tment sales manager; J. l..
Churchill. executive secretary, and
myself put all We had into the fac.
tory. In an endcavor TO get on a PRO
duction basis. Then came the time
when more capital was needed To In.
stall better machinery TO carry on
the work and fin our increasing
orders.
We approached several business
men whom we knew had money to
invest They were interested somc
rather enthusiastic but when Il
came TO advancing the necessary
capital they said yes. they'd put In
$4,000 or eio.o00-for a controlling
interest In the company.
But we weren't doing business
that way. Our stockholders who
helped US get started were all small
investors. and we were determined to
protect them. For months on end
we tried to get as much as $40 900.
But nothing doing. without q con.
trolling interest.
when II came 20 bond brokers'
the least any Of them wanted was
IS 10 so per cent on the money
raised. and that was impossible. 20
far rs we WERE concerned
We tried the Chamber OF Com
morcc. They investigated. said we
had a good thing. recommended Il
and gave US their moral support
But--that's an far a. Il went
STILL WANT To
BELIEVE IN SEATTLE
II have believed In Seattle for
long time. ] still want Ia. but
our experience during the last
year and moro has convinced M
that . new business hasn't .
ghost Of show 10 get by. un-
le~s II h capitalized on . big
basis and has an kinds 81 back
ing. You can't starr In . small
why and make the grade herr. no
matter how good . thing you've
got"
The PoIk .Hueber Co. has turned
down a number Of offers from towns
in California Now II u ready TO
accept one Of them. A. far ~ -
Detroit. Mich. its automatic swips
was heard OF. and inquiries have
been made By the superintendent -
the street cars there. with view 10
making the device part OF the stand
ard equipment
I'VE are nov making about 10
swipes q day" Polk said. I'VE must
have $500 worth Of new machinery
TO get on q real production basis.
II don't knew what h the mat
~ with Seaktle. Leok % the
Benson MstsnseW C. Thy
started here Got No support
Los Angeles made them . pre~
ens 81 fine factory building and
subarsibed 81. 80 worth u stock.
snS II courxe they moved A.
the Lao auto show In Chicago che
Benson Mstsasetsr On received
loe 80 orderx for their drvice.
And We let IIos Angeles take
them away from uS!-
SUGGESTS BUREAU
TO AID BUSINESS
As . remedy for this situation.
Polk suggests . committee or bureau.
perhaps made . psrt Of the Chamber
OF Commerce. for the purpose Of tn
vestigating and aiding worthy new
| industriea
ssTh9e ahDujd ~ - ths com
mitteo ny, seven men," said
Polk. There would be . banker.
. lawyer. . manufscturcr. m -
vertising man. . sales specialist
and two others Of gsueral char
scter. Upon application for ~
skstance, this committee would Be
able to apprAise expnsly the
business Of the applicant. each
m@bes giving special ATTENTION
70 his own phass u the propost
ton.
III the report Of this committee II
favorable. let them decide how much
money Is needed 10 give the appli.
can't n fair start. The membership Of
the Chamber Of Commerce might
subscribe to the general fund for this
work.
Then the loan may Be made. con-
troll Of the company being PLACED IN
escrow until the money IL paid back.
Some such scheme a. this ought
10 BE- adopted In Seattle. Too many
new businesses are being forced out
OF the city. and many others are
scared away before they get here"