Putnam patriot., 1924-02-15

The statement issued by the pub licitv committee of the new organiza- ton is as follows;
 corporation has been formed to be called The Putnam Industries. Inc, ap,talixed at S50. .0oo. of which Si 300 has already been paid in. The pur- pose of this corporation is 10 eneour- are. establish and re-estsblish manu- featuring interests in the City of Put nam.
 The necessity for such an assoeia- ton. which has, happily, taken con crete form as corporation. arose from the recent disposal and manner of disposal of the Morse Mills. More recently, knowing that the receivers had applied for permis- sion to sell the Manhasset Manufaeiur- ing Company. the feeling grew and gained strength among the businens men of the city that some collective action should be taken, to stimulate and re-establish Putnam industries. as we'll as to work for their growth and progress in the future.
 Tn elected directors of the Putnam industries. Inc. are John F. Reardon, A Newton Vaughn. Asa M. Ross. John B. Byrne, Alexander Gilman. C. Harold Gilpstrie and Samuel Rev holds.
 The names of ffty-two Putnam business men are listed as ineorpor- stors of the Putnam Industries. Inc. |, Is the purpose of those interested to make a thorough canvass of Put nam and it's subsidiary territory in order that the corporation may have the entire and unqualified and con tinuous support of all residents of this section of Windham County.
 A. NEWTON VAUGHN
 C. HAROLD GILPATRic
 JOHN ]. WHITEHEAD. JR.
 Publicity Committee for The Put. nam industries Inc.
 Starts Enthusisstieslly
 The development of the Putnam Industries, Inc. may be directly trne- cd to the sale of the Nightingale Morse Mills q number of weeks ago. At that time, before the eyes of Putnam merchants and business men one of the chief and most important of the industries in this section of the state was sold, parcelled out and divided beyond redemption. Only the bare walls of the mill building were left standing. 4 factory which had for years been profitable to its owners and which had provided work and sup port for hundreds of Putnam residents was dispersed beyond hope of redemr- ton for any benefit to Putnam.
 The sale of the Nightingale-M Morse Mills made a deep impression on that class of Putnam citizens who holds the city's welfare and development clos est In their interest. IL was realized that with the Nightingale Mills gone completely and the Manhasset in the hands of the receiver something de finite must be done to save the in- dustrial situation in Putnam.
 Turn Protest to Progress
 A few citizens developed their pro tests into something resembling con crete resolution to do something more than to stand by and see Putnam sink from the steadily developing position it has occupied during the past dee. sde
 The result was meeting in the ( thamber of Commerce rooms called a few weeks ago for the purpose of dis. cussing the present situation in Putam with view to general cooperation to- wards the industrial regeneration and development of the city.
 This meeting was notable gathering in the history of the city. About thir- ty responsible business men were pres ent. and the meeting had not been open for five minutes before 1t was appar- ent that they had come not to discuss but to act and to work.
 These plans gradually took form in plans for the establishment of cor noration. capitalized at S50. 900 for the establishment of an industry in the city which would be wholly and en- tirely Putnam's, run by Putnam men, supported by Putnam money and mak- ing profits for Putnam and Windham County investors. No such enthusiasm and general agreement has probably ever before been encountered in the city as was displayed by everyone present at this meeting.
 4 committee was appointed to se- cure fifty ineorporators, each to pay