Evening Republican, Volume 21, Number 164, Rensselaer, Jasper County, 22 July 1918 — SALES OF STOCK GRATIFYING. [ARTICLE]

SALES OF STOCK GRATIFYING.

Sales of stock in The Rensselaer Manufacturing Company are reported to have reached a figure which will more than cover the cost of the plant and equipment, but active operations will not begin until sufficient capital is assured to enable the company to purchase the parts and engage in the production of motor trucks on a cash basis. The campaign to finance this enterprise is being conducted in a quiet, business like manner, without any extravagant claims, and the subscriptions received up to this time indicate that it will be possible to advance t/he price of the shares within fthe next thirty days and to begin turning out Rensselaer Trucks at the rate of one per day about September Ist. It has been definitely settled that the manufacture of motor trucks is -an essential industry and that the delivery of steel for that purpose will not be curtailed .by the government.