Jasper County Democrat, Volume 15, Number 32, Rensselaer, Jasper County, 24 July 1912 — Factory Promoters Still Dallying. [ARTICLE]

Factory Promoters Still Dallying.

Attorney O’Shaunessy of the match factory corporation and another gentleman from Chicago was here Monday night and is said to have had certified checks in his possession to pay off the outstanding claims against the factory building. He met with the city council, and although the city had granted them everything they had asked for, and the company, had accepted, they now want to re-nig about putting up a bond to cover the extension of the water mains, and the councilmen left the council chamber disgusted, without coming to any agreement. The fact is, no doubt, that the

company is anxious to float a lot of stock upon the confiding people throughout the country who have more spare money than horse sense, and in the shape matters are now, it having no factory until certain conditions are complfed with, It might be risky to sell stock until) it has something tangible to base' a stock issue upon. . If the company means real bus!-' ness it can easily put up a bond toindemnify the city against the ex-1 pense of putting in the water mains. ! But seemingly it wants to get everything it can and give as little in return as possible. The council should stand firm and not expend one penny more until a guarantee) in good faith, backed up by ample cash or bond is furnished by the) company. Those who hold claims against the factory building or the promotors will no doubt be glad to get their pay regardless of whether this payment is simply for the purpose of getting the thing in shape to unload stock or not; and it is understood that the claims are to be paid at this time.