The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1921-04-09
INDUSTRIAL
CIVIC FUND
IS STARTED
Popular Subscription Aimed
at Bringing New Fac
tories to Seattle

"a ~ NiShfS wv" Wv
tories to Seattle
TRANSFORMATION OF comprehensive
oehcme to roawaken Seattle TO In
dustriai development Is being under.
eAken by l. +. Moses. one OF the
f~xs, members Of the Seattle Com.
kskrclal club. said TO have fathercd
M project 20 regrado Second ave
ItJA In 1901 and to have led the
IN keeping its port open IN the
~ year while all other Pacific
forS were tied up by strikes.
Mcses Is now attempting TO create
"a revolving fund by popular sub
scrsption. 10 be used. under proper
safeguards. In inducing new indus.
tries 20 locate here and In helping
those that are here TO tide over
periods OF financial stress.
Success In his scheme. he pointed
out. would mean:
I. Employment for thou
sands of persons In this city.
2. Enormous increase In the
cisy's population and In tho
number of home owners. there
BY reducing taxation to . nor
NAL figure.
THE advantages Of saving the
Industries we have and OF getting
moro OF them TO locate hero need
no argument Moses said. what,
r. needed l. some plan whereby the
community may work to achieve
the desired result
II am going 10 give my entire
time 20 the work. with no thought
M compensation other than the In
reascd financial security that will
>&ne TO the whole city when mot
the plan succeeds. On that
d / expect every man. woman
and child here 20 respond with con-
trtbutions."
Moses expects 70 organize q per
manenf committee which will hold
an funds in trust and function for
the sole purpose of making Seattle
Q manufacturing city.
This committee will be under OBJ.
uratlon TO draw up an agreement
with firms assisted 60 compel them
10 be aggressive In conqucring
foreign trade.
SAYS WE'RE INDIFFERENT
10 FOREIGN MARKETS
Moses trip. taken In 1910 10
western Europe. Buenos Aires and
the Far East TO investigate trade
conditions. has convinced him. he
declared. that Americans do not sell
IN foreign markets merely because
cf their indifference to the whirns
q foreign customers.
Accordingly" he said. indus
tries brought hero are to be strictly
bound to pack goods for foreign
trade according 10 the standards OF
the markets they are 20 enter.
by such simple devices as chang.
lnR the color scheme on box OF
novelties. South American trade
-sbe won or lost But American
manufacturers have been too proud
10 adjust themselves 10 the eondi'
Sions which Europeans have met.
And consequently Americans have
lost.
''Our committee. chosen ~ con-
trfbutors TO the fund. win sec to u
that no foreign orders are rejected
snd will thereby force Seattle Into
the prosperity to which Its many
commercial advantages entitie IT.
Moses has already begun his can.
vass for subscriptions. reporting
considerable success.
He declared he know OF . steel
plant which. for want OF few
thousand dollars. IL unable 10 locate
here. blu, which. II assisted. would
earn back the money In less than
. year and be a permanent asset
10 the community.
SCORES WOULD COME
" GIVEN ASSISTANCE
DnUe added there are scores OF
gothers who want 70 come in and
that there are many others, already
here. that are leaving because OF
-sheir need for temporary assistance.
IF the people OF Seattle con
tribute as they should" he said.
I'VE shah shortly have a fund big
enough TO transform the city 70 the
permanent good OF all persons here.
we will require firms assisted
10 repay at the rate OF Is per cent
Of their net earnings and restrict
them from paying more than 20
per cent in dividends until they
own their plant and equipment and
have reserve fund OF 50 per
cent OF the value Of the plant"
Moses said he tried In 1923 TO
establish a similar revolving fund
Of SIS. 900 a month but failed TO
get a hearing because nobody nj
that time foresaw the coming OF the
present conditions.
At the present time temporary
trustees of his fund are. he said:
G.. ". Pratt. OF the Sunset Motor
Co, and Frank T. Hunter OF the
Frank r. Hunter Co. Inc. real
estate and insurance agents.
Moses lives at $50 ~. Broadway