Jasper County Democrat, Volume 21, Number 30, Rensselaer, Jasper County, 13 July 1918 — NEW CONCERN GIVES PROMISE [ARTICLE]

NEW CONCERN GIVES PROMISE

Of Being a Valuable Factor in Local Industrial Circles. In the organization of the Rensselaer Manufacturing Co., which was completed this week, a new in•dustry has been added ’to the business activities of this city which is expected to attain considerable importance. The authorized capital stock .of the company is $1,000,000 of the par value of one dollar per share. Shares are now ; being offered for sale and subscriptions ate being received at a rate which seems to assure ample capital. The company has acquired the charter and other property 'of the Ideal Motor company and an option has been taken on the building, 'machinery and business of the Furniture company. John Gray of Detroit, who is bne of the stockholders and directors, is a practical automobile manufacturer of extensive experience and connected with one of the leading firms in Detroit which deals in all the parts required to produce a complete automobile or motor truck.

It is said that about ninety per cent of the motor trucks on the market are assembled, and it is the intentions of this company to engage in the business of producing assembled trucks from standard parts, the product to be known as the Rensselaer Truck. It is also probable that an offer will he accepted to fill a sub-contract for a large number of ambulance bodies for the use of the government, and that winter tops and plain and upholstered furniture will be produced in considerable quantities as soon as sufficient capital is assured. John A. Dunlap is president of the company and Schuyler C. Irwin secretary-treasurer. The board of directors is composed of substantial ■business men of this city, Chicago and Detroit.

Present conditions require the use of every available foot of factory space in the country in the production of war supplies and the great manufacturing plants at Gary and elsewhere have already drawn at least 100 workers from this city—. most of whom would prefer to live here hnd who would undoubtedly return if they could secure steady employment here at reasonable •wages. The motor truck business is assuming enormous proportions but the demand is steadily increasing and will continue to increase in proportion to the improvement of our highways. 1 The possibilities of this company would appear to be limited only by the business ability of its directors and it is confidently expected that the people of this community ■will give their cordial support to an enterprise which should be of material advantage to every citizen and which will give Rensselaer a more prominent place on the map.