Rensselaer Semi-Weekly Republican, Volume 41, Number 31, Rensselaer, Jasper County, 29 December 1908 — Factory People to Visit Us. [ARTICLE]

Factory People to Visit Us.

President Warren Robinson received a letter from Chicago this morn’ng, saying that one or both the factory people will probably come to Ren» selaer Tuesday of this week. They will be shown over the town by Mr. Robinson and other m mbe s cf t- r e Commercial Cltfb and if the town suits them it is probable that the contract for their location here, conditioned upon the sale of the lots will be made. r . The contracts for the lot sales wi l be printed by the Republican, and copy for the same was also received. ThS contracts will be in duplicate, the commercial elub having a copy and the purchaser having a copy. The latter will be attached to a pass bock, much after the form of a building and loan book. The contracts provides for the cash payment of $5. It is proposed to complete the sales during January and the firßt monthly installment will be due the Ist of March. There will be no interest on the deferred payments unless they become delinquent. Large posters will a’so be printed and the lot sale extensively advertised. As before stated the matter of what factory is finally agreed upon has nothing at all to do with the sale of the lots. The company that makes the lot sale is paid a commission for so doing, and after the sale the Commercial Club can use its own pleasure about what factory is brought here with the money. The company that makes the sa’e also locates factories and the metal fuiniture factory through tbem is looking for a new location, hut until the contract with them is signed the Commercial Club is fiee to con ider any other enterprise. If the furniture factory is se ured it will take the very beat efforts cf our citizens to do it, and the lots will have to find a market and many of us will have to buy one or more. As there will be no interest on the da- | ferred payments it will make the purchase an easy matter for almost any one, and many people can take the first step toward procuring a home for themselves. Others must buy for speculation and others for the sole motive of helping make Rensselaer h larger city.