Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-06
CLEVELAND BEGINS
INDUSTRIAL CHEST
"Hard-BoiIed Business Men,
Pledge $1,000 Apiece to
Community Project.
BY w. ]. LAUBENSTEIN.

CLEVELAND, January 5.--And now
The Industrial Community Chest!
One hundred Clevelanders, who style
themselves lust hard-boiled business
men who are willing to bet on the
future of their home town." have
pledged $4,000 each annually for three
years to help foster the fifth cityS
industrial growth.
This fund of 81, 100000 is expected to
do for the city's industries what the
s4,600,000 collected this year by the
community fund does for the un-
fortunate
Both funds yield a profit to the
givers but whereas the community fund
donor receives his profit through the
realization he has helped some one
who needs aid, the subscriber to the
industrial chest hopes for actual dol
lars and cents return on his invest
ment, due to increase in his own bust
ness.
Numbered among those who have
pledged support to the new industrial
chest are many men known not only
in Cleveland and Ohio, but in the Ma
ton as well.
The industrial chest is expected to
end the time-honored custom of hat
passing" every time a fund Is neceS-
Sary to push forward to completion
civic or industrial project. Here are
some of the jobs that the group OF 100
expect TO do.
Employ experts in the matter of city
planning matter especially timely in
view of the fact that Cleveland is build
ing this year gigantic stadium on the
lake front.
Study the traffic problems of the city
with particular reference to the stadium.
Aid Chamber of Commerce develop
n1ent work.
Study the regional highway plan now
under way in Cleveland.
Go thoroughly into the matter of
taxation and valuations.
Make available more money for bring
ing conventions to Cleveland
Give financial aid to the aviation de-
partment of the Chamber of Commerce,
so that Cleveland may retain her lead
as a national airport
Get after the Cuyahoga River
Strengthening problem that has bottled
up industrial development along the
river for years.
Bring new industries into the city.
Cleveland is a payroll town." said
Allard Smith, who announced the forma-
ton of the group. "A city can't grow
Just by building a lot of nice houses
in exclusive residential sections. 1t
takes industry to build homeS-the
ItUUlcS u Tic WOIhuiGIl, Tile AAiu q CIIg
needs to grow properly. This isn't
humanitarian project.
Its cold-bloOded business PROPOSE
ton. A bunch of us hard-headed fell
lows got together and wagered $4,000 a
year that Cleveland is going to make
good. That's all there is to 1t. We are
not in it for direct profit, except that
more industries and bigger and better
city to live In will mean more profits
to all of us.
Cleveland has done better than
most cities in welfare work and now
that the money is pledged it viii do
better than lots of other cities in better
ing itself industrially"
Each member of the group of 100,
which probably will term itself the
Commercial Club of Cleveland" agrees
to pay $500 a year dues forthwith.
This makes up the $4,000 for which
the club will be Incorporated, Each
member further obligates himself to
pay into the club at such times as may
be fixed amounts which shall not
exceed $4,000 annually during the
taree-year period.
Copyright. 1927