Evening Republican, Volume 15, Number 144, Rensselaer, Jasper County, 19 June 1911 — MATCH FACTORY SURE THING; CONTRACT SIGNED SATURDAY [ARTICLE]

MATCH FACTORY SURE THING; CONTRACT SIGNED SATURDAY

Commercial Club Lands Enterprise That Should Prove Great Thing for Rensselaer.

IT MAY BRING OTHERS Big Plant to Be Built Right Away and Ready to Begin Operations by First of January! The Rensselaer Commercial Club has landed a big factory for Rensselaer and one that should prove a great boon to the city. A few months ago the United States Match Co., located at Elkhart, was destroyed by fire. Th® president of the concern, Mr. Willard W. Sterling, determined to rebuild in a different locality, and investigated a number of cities, with a view of securing aid in the building of the factory. The gentlemen at head of the concern came to Rensselaer and negotiations have been pending for about a month. Saturday the contract appended hereto was signed and the factory is a sure thing. Mr. Sterling, stated that a car load of material with which to start the construction will be shipped here within a few days. The factory will occupy a part of the commercial addition. It Is expected to have the plant ready to begin operation by the first of the year. The city council at a special meeting called for Saturday afternoon practically agreed to extend the water mains to the factory. The superintendent estimates that this will cost about $3,800. The plant will give labor to a number of people, probably about one hundred to start. A number of expert hands will be brought here from Elkhart and a number here will also doubtless procure work in ths factory. Mr. Sterling and the gentlemen associated with him are great hustlers and if they are successful in their enterprise here, as they are quite certain to be, they will probably be instrumental in locating other factories in Rensselaer. The contract as finally agreed upon between the factory people and the Commercial Club follows; This article of agreement, made and entered into this seventeenth day of June. 1911, by and between the Commercial Club of Rensselaer, Indiana, a corporation duly organized and existing under the laws of the state of Indiana, first party, and The United States Match Company, a corporation duly organized and existing ,under the laws of the state of Indiana, second party, witnesseth; That, whereas, said first party is a commercial club organized for the purpose of promoting the growth and industry of the city of Rensselaer, Indiana, and is desirous of locating factories in said pity, and now own in fee simple, free of incumbrance, the following described real estate situated in Jasper County, in the state of Indiana, to-wlt: Commencing at the southwest corner of section twenty (20), in township twenty-nine (29) north, range six (6) west, and running from thence north 825 % feet to the south bounds of the Chicago, Indianapolis & Louisville Railroad; thence east on the south bounds of said* railroad 2627 feet to the east line as the southwest quarter of said section; thence south on the said line a distance of 823 feet; thence west on the south line of said section a distance of 2624*4 feet to the place of beginning, containing 49.77 acres. Also another tract of land commencing at the northwest corner of section twenty-nine (29), in township twentynine (29) north, range six (6) west; thence east 2334 feet: thence south 578 *4 feet;, thence west 2329)4 feet; thence north 50 feet; thence east 284 feet; thence north 340 feet; thence west 284 feet; thence north 16714 feet to the place of beginning, containing 28.23 acres, and that a portion of the above described real estate has been platted Jnto lots and. blocks as recorded in deed record 88 on page 567 and 568 of the records in said Jasper County, Indiana, and that the said party of the first part haa heretofore sold to Leland A. Carson lot two (2), in block nineteen (19). in said plat by deed dpted March 16, 1910, and recorded in deed record 90 on page 180 of the records in said Jasper County, Indiana, and that said party of the first part has heretofore contracted to sell 109 of said lots on which *IOO or more has been paid, and forty-four lots on which less than *IOO per lot has been paid; which contracts on said 44 lots have been, by resolution of said party of the first part, forfeited. And, whereas, said second {tarty is the owner of certain machinery, tools, manufacturing rights and other assets and are desirous of locating a factory in said city of Rensselaer, Indiana. And now, therefore, be it remembered that whereas said first party has already sold certain portions of said real estate to divers persons as appears in connection with ths aforesaid description, and now has as the result of said sales the sum of about *4,00* on hand available for factory purposes. The said first party hereby agrees that it will add to said stun from ths sale

of additional lots and collections on lots now sold a sum sufficient to make a total amount of ten thousand dollars; which sum said first party hereby agrees to pay to said second party in consideration of the location of a factory in said city of- Rensselaer upon the conditions hereinafter set forth: First. Said second party hereby agrees that it a bond payable to said first party in the sum of *15,000, conditioned that it will erect, build and construct a factory building and warehouse on the aforesaid real estate containing at least 33,000 square feet of floor space; which bond shall be to the approval of the board of directors of said first party, said building to be similar to the one built in Elkhart. Ind. The estimated cost of said building including warehouse, heating and power plant, the sum of *25,000, the same to be completed on or before January 1, 1912. . * \ Second. That said second party will equip said plant with four of its continuous match machines as were installed by the Star Match Company In the city of Elkhart, Indiana, prior to the destruction of its plant by fire, the estimated cost of said machinery and equipment being forty-five thousand dollars, and shall be completed and In operation on or before March 1, 1912. Third. That upon the execution and aproval of said bond said first party’ hereby agrees that it will deposit in a depository to be selected by said first party In the city of Rensselaer, Indiana, in the name of The United States Match Company the sum of money now on hands and that within sixty days after the foundation of said factory building is completed it will -deposit in said depository in the name of said second party the balance of said ten thousand dollars. Fourth. It is further agreed that when said plant has been in operation for a period of ninety days said first party shall execute and deliver to said second party a good and sufficient warranty deed for all the unsold portion of said real estate, together with an abstract of title showing the said first party to possess a merchantlble title thereto. Fifth. It is further agreed that said first party shall execute and deliver to all purchasers of lots good and sufficient warranty deeds for all lots sold by said second party prior to said second party procuring title to said real estate. Sixth. All money received by said second party from said first party including all money received from the sale of lots by said second party prior to its securing a deed for the aforesaid real estate shall be used in the building of said factory and the equipment thereof. Seventh. It is further agreed • that should said second party fail to pay to employees working in said factory (not including any officer of said company) the sum of *IOO,OOO, within five years from the date thereof, then in that event said second party shall forfeit to said first party the following described real estate, being a portion of the aforesaid

tract occupied by said factory buildings and described as follows: »All That part of said reaf estate lying between blocks 10, 11 and 12 in said factory addition and the north line of said tract of the south line of said railroad in Jasper County, Indiana, together with the buildings thereon, including heat and power plant, provided, however, when said second party shall have paid to said employees said sum of *IOO,OOO, to be determined by the payrolls of said company to which said first party is to have access, then this clause shall be and become absolutely null and void. Said second party to employ on an average of 75 employees. Eighth. That in the event said factory shall be destroyed by fire, and said second parties do not rebuild said plant, then the money received from fire insurance upon the building shall be prorated between the respective parties hereto in accordance with the amount invested by each one, and “said second parties agree to keep said building fully covered by fire Insurance in good standard fire insurance companies. Ninth. The time of the completion of said building and the equipment thereof shall be binding upon said second party except for causes beyond its control. Tenth. As a further consideration for this agreement said party of the first part promises and agrees to co-operate with said second party, in inducing-this common council of the city of Rensselaer to extend a 6-inch water main to said factory building and its electric light system into the same for fire protection and light, and lending its moral support and giving such time and assistance as it can to aid in selling the

After a fight waged by southern senators more than two months the senate has confirmed William H. Lewis, the Boston negro attorney, to be assistant attorney general of the United States.

balance of said platted lots not already sold. Witness the hands of the parties hereto at Rensselaer this seventeenth day of June. 1911. THE COMMERCIAL CLUB OF RENSSELAER, IND.. By DAVID M. WORLAND. President. Attest: Charles G. Spitler, Secretary-Treasurer. THE! UNITED STATES MATCH COMPANY, By WILLIARD W. STERLING, President. Attest: ’ •/ Russell W. Megulre, Secretary. State of Indiana, County of Jasper, ss: Before me, a Notary Public, in and for said county and state this seventeenth day of June, 1911, The Commercial Club of Rensselaer, Indiana. t»j) David M. Worland, President, and Charlee G. Spitler, its secretary-treas-urer, and The United States Match Company by Williard W. Sterling, its president, and Russell M. McGuire, Its secretary, and acknowledged the execution of the annexed contract. Witness my hand and Notarial Seek (SEAL) MOSES LEOPOLD. Notary Public. My Notarial Commission expires March 11, ‘ 1913. I did not buy a car load of floor but I can sell you Red Ribbon flour at |1.35 per sack; every sack guaranteed. I also handle Sleepy Eye flour. —Reed McCoy. McCoysburg, Indiana. *