Rensselaer Journal, Volume 11, Number 14, Rensselaer, Jasper County, 12 September 1901 — FOR A NEW FACTORY. [ARTICLE]

FOR A NEW FACTORY.

Efforts Will Be Made Here to Locate a Big Factory. A meeting will bo held at the court house this evening by the Commercial Club to deviHe means (o raise sufficient money to locate a large factory in Rensselaer. This is the date of the annual meeting of the club and officers for the ensuing year will be elected. Everybody, whether a member of the club or not, ta invited to be present, for the locating of the fuctory here will mean muon to the future welfare of our city. A manufacturing concern now lo cated in Chicago and doing a prosperous busineßs, wishes to enlarge their present plant, but bthr.g unable to secure additional ground adjoining their plant have decided to move to some country town. They agree to come here for a bonu i of SI6OOO and two acres of ground on which to build the factory. It is to be of brick 150x200 feet. They agree to begin operations with 75 hands and at the end of fifteen months agree to employ 100 and by the end of 5 yearH to be operating with 150 hands. They agree to let a committee hold the factory and land iiT trust for five years, and on failure to live up to their contract the same is to revert back to the city. The $15,000 bonus is to he paid out on their order as the work on the plant progresHes. They employ nkilled labor only, and the smallest wages paid is $2 per day. This means a salary list, of about $160,000 per year at the start, and double that amount when the full force is employed. The company manufaclurea telephone cabinets, ladies’ writing desks, music cabinets, toy furniture, slot machines, novelties, etc., and run the year round. They furnish the best of references, and are responsible in every way. They desire to move here at once, and will do so if the bonus is raised. Let everybody attend the meeting.