Evening Republican, Volume 16, Number 88, Rensselaer, Jasper County, 10 April 1912 — PROPOSES TO PUT MATCH FACTORY ON ITS FEET. [ARTICLE]

PROPOSES TO PUT MATCH FACTORY ON ITS FEET.

Hugo Kohn, Chicago Capitalist, Has Entered into Agreement to Invest Large Sum In Factory. Hugo Kohn, the Chicago capitalist who was here two weeks ago to look over the match factory plant and proposition with a view to investing in it, was here again today, Wednesday. He has entered into a contract with Mr. Sterling by which he agrees to invest $32,500 as soon as the present debts of the concern are paid. The contract also makes Mr. Kohn the general manager and treasurer of the United States Match Co. Mr. Kohn has canvassed the proposition very thoroughly and has, proven that he is a man capable of handling the business affairs of the company. He hopes to have several local stockholders associated with him and the opportunity is offered to buy preferred stock with a guaranteed dividend or common stock at $65 for each SIOO Mr. Kohn has been busy investigating the match manufacturing business since he was here before and he has decided that the investment offers a probability of an annual earning of from 14 to 25 per cent If the stock can not be sold to local parties it will probably be sold in Chicago but Mr. Kohn would much sooner have it in the hands of local parties. As soon as the present outstanding accounts are adjusted Mr. Kohn will take active control of the Situation and complete the factory and start it in operation. He presents the factory in a very favorable light and deserves the encouragement of all in getting it started up.