Putnam patriot., 1924-02-22
REARDON HEADS
 NEW CORPORATION
Grosvenordale Agent Is First President of Putnam
 Industries, Inc.
Local People Enthusiastie For Pro
 gress of New Project

John F. Reardon of the Grosvenor- dale Company was elected president of The Putnam Industries Inc, at a meet ing of the Board of Directors of the new organization which was held on Tuesday last at the First National Bank. Other officers elected were as follows: Asa NJ. Ross, viee-president . John E. Byrne. treasurer and assist ant treasurer and secretary. A. New ton Vaughn. The election of Mir. Rear don to the presidency was predicted IS he has been one of the most en- movement. As it is expected that The Putnam Industries will eventually take up the manufacture of textiles. Mr. Reardon is considered by all means the best choice that this Putnam-own- ed and Putnam-eoutrolled concern could find within the home territory.
 Putnam and Northern Windham County residents have expressed the heartiest approval of and enthusiasm for The Putnam Industries. Inc, ever since The Patriots exclusive story of this splendid effort of Putnam for Put nam was printed in last weeks edi- tion. No difficulty Is foreseen in sell- ing the company's stock or establish ing in due course of time an industry of Which the city and it's packers may we'll be proud.
 Hackers Slow But Sure
 That the organization of the new corporation is no sporadic affair of the moment is shown by the program of care and caution which IS being followed hy it's recently elected ineor poraters and directors. Just what line of definite action is to be followed has not yet been decided upon Whether the first effort Of the Indus tries will be the establishment of cot ton manufacturing mill or Il silk mii or some other type of textile mann featuring will not be decided until tho field of textile manufacturing has beer thoroughly investigated by the direct ors and decision has been made as to what form of manufacturing will b, the best suited to Putnam and thu labor that is available here.
 The most exceptional thing about the Industries idea so far is the man ner in which it has been heartily greeted on ali sides. Few there ars who have said Tt can't be done On the contrary, the corporation has been greeted with comments to the effect that it is a local effort which should have been made years ago.
 Putnam Money for Putnam
 IL Is IS though Putnam people had come to realize that for too long . time the money which has been made in Putnam factories and shops has been going out of the city Co individ uals who had no interest in the city except in the productivity of ths plants which they owned and con trolled here. To keep the money made in Putnam manufactufies IT Putnam is the real basis of the orga nization of The Putnam Industries Inc.
 During the next fortnight, the activi ties of those interested in the proposi' ton will not be many since MT. Rear. don is enjoying a well-earned vacation al Hot Springs, Ark, Mir. Ross is con fined to his home by illness and MT Byrne is also vacationing in the South. Mir. Gilpatrie of the directors is also in Bermuda for short rest and change. On the return of these gentlemen the work of establishing the corporation will be taken up and push ed forward actively