The journal. (Caldwell, Ohio) 1934-1961, 1951-04-05
NOBLE COUNTY EXTENDS WELCOME
The Cleveland Graphite Bronze Company

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Caldwell and Noble County extending cordial
pany.
Announcement made Wednesday, April T. that the
company would locate of its branch plants on
of Caldwell " jaw ~
Esad president of the Noble County Chamber of Com
merce This organization has been working close con-
nectlon with the Cleveland last January and
all necessary details relative their moving to Caldwell
nave oeen lroned out to the satisfaction of all
The Cleveland today will affect each and
citizen of Caldwell Noble County and only in the
years to come can realize its Importance the
County.
Noble County will grow and prosper as had never done
IN the past Its industrial growth has unlimited possibilities
with this initial location of the Cleveland Graphite Bronze
company within its confines.
Caldwell is the first location to be decided on by the
daensa ITS % to its for the
president IN charge of manufacturing Another plant
be built at McConnesve and three Others locations still
to be decided also scheduled part program
The Caldwell plant will include continuous strip mill
IN which strip steel will be coated with bearing metal the
first manufacturing process in the production of engine
bearings
No definite information available yet on the number
OF employees to be required but thought that each plant
will eventually employ from 300 to 400 people, The super
vsory personnel will consist of trained but the bulk
of the employees will be recruited from among residents
of Noble and Morgan counties.
1t is appropriate that such industrial expansion an
nouncement should during the year when Noble county
is celebrating its 100th anniversary.
Never has one single announcement during the past 100
Cleveland 1t will eventually affect every family the
county and Caldwell sector. Never has community, as an
individual been anxious for industry locate within
it's boundaries
That the people of Noble county the Cleveland
Graphite Bronze company aested to three weeks ago
when 1850 residents ocked the county labor
survey They demonstrated to man and woman their desire
Officials of the Cleveland concern later expressed
amazement at this demonstration and the survey big
Caldwell
According the 1850 annual report of this company
their business 1850 the largest for any peacetme
90 compared with 29 in 949 Profit for the year
$39l4,228.00 or $575 common share, against
$2,635, ,2480O or 1882 share in 1949.
James L. Meyers, president and of its founders in
1919 said today with the motor industry turning out
eight million and trucks the automotive replacement
market requiring parts in large volume and the other in
for products was heavy through the year."
1--WE were limited by the amounts of materials could
procure and despite the best efforts of suppers
impossible for to deliver as large quantities were
desired by many customers
During 1850 all of labor negotiations conduct
ed without the loss of working time At six of plants
basic agreements amcaby arrived at which should
facilitate good relations and make for uninterrupted
duction during the busy years which lie ahead"
among the benefits enjoyed by our employees were
vacations and holiday pay costing $7145oo Christmas
Contributions of Employees also received
GO in awards for submitting Isl usabe ideas handled through
our Suggestions system
To provide the necessary money for this expansion
President Myers said that the company plans to
$lOOOOOoO through 2year loan from insurance
pany Approximately $3250OOO of this money to be
one-thrd approximately $5OOOO for equipment The
remainder will be retained for the greatly expanded work
ing capital needs growing out of the expansion program
The Cleveland Graphite Bronze company is one of the
outstanding industries in the state of Ohio.
The people of Noble County proud today to have
prominent part in it's expansion program
We speak for each and every of them in extending
cordial welcome to the Cleveland Graphite Bronze COM
pany and the closer relationships which will follow the
branch plant takes form and becomes an important part
of the community 4...-..
Noble County its way to future industrial growth
have the Cleveland Graphite Bronze company to thank
for such promising future.