Evening Republican, Volume 20, Number 261, Rensselaer, Jasper County, 31 October 1916 — FACTORY SITE DEEDED TO FURNITURE COMPANY [ARTICLE+ILLUSTRATION]

FACTORY SITE DEEDED TO FURNITURE COMPANY

New Company Has Paid Out Over SIO,OOO, Meeting Every. Requirement nf Clnh The Rensselaer Commercial Club visited the Columbia Furniture Factory yesterday, which occupies the match factory building and site. They were well pleased with what -they found. The factory is in active operation, with over fifteen hands employed and a carload of new furniture was beinp loaded for shipment. The reduction plant is also in operation in the building north of the main plant. The factory building has been repaired and new windows have been put in and the building is now in first class shape. Investigation of the books shows that the new company has complied with the conditions laid down when the Commercial Club agreed to turn the plant over to them and yesterday a deed was made to the factory people. The condition of the transfer was that all claims against the old match factory company, amounting to a little over $2,000, be paid off and that the building be put in shape and in operation with some industry before the title was transferred. The Commercial Club finds that the new company has paid out ovet SIO,OOO since the agreement was made, arid feels very enthusiastic at the final successful outcome of what at one time looked like a disastrous venture. They feel that every encouragement from our citizens, for the successful operation of the factory means much to Rensselaer. The factory people have not asked for a cent of assistance from our people, nor do they intend to. They have a prosperous business already established and expect to see it grow to no mean magnitude.. The commercial club still owns two blocks near the railroad "which are valuable for factory purposes and the club will be in a position if the time ever comes that factories are seeking locations Jiere, to talk business to them. '■ <

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