Victor Insulators Inc. sold stock to start company aided by Victor citizens


Publication: The Daily Messenger

Canandaigua, NY, United States
vol. 138, no. 103, p. 2, col. 1

Ground Is Broken for New Insulator Plant In Village of Victor

VICTOR Actual work on the new-insulator factory in Victor has started with the breaking of the ground for the foundation on the site that is being given the concern by the Village. Not only is the community contributing the site, but the people of the village subscribed for 310 shares of the stock. The entire amount was secured in three days, following a public meeting when the proposition was fully explained.

The concern will be known as Victor Insulators Inc., and organizers are Bentley A. Plimpton, Kent A. Hawley, George K. Schoenthaler and Arthur G. Bernard. Mr. Plimpton was sales manager for the Locke Insulator Corp, now inactive, Mr. Hawley chief engineer, Mr. Schoenthaler, chief draftsman and Mr. Bernard plant superintendent.

Located on School Street, the plant will be situated on the James Tobin property. It is expected production will start about Nov 1.

Mayor James T. Burns, former County Treasurer, Homer E. Snyder, former Mayor Edgar B. Case, George W. Higinbotham, Louis A. Rugg, R. Leslie Hulbert, E. T. Malone, Carl D. Smith, Flor Malone, Leslie G, Loomis and W. F. Keating were the committee who conducted the subscription campaign.

Formed under the law of the state, stock of the new corporation will consist of 2,500 shares of non-assessable, no par value, common stock, for which the incorporators will pay $100 per share. Only $106,000 of the stock is to be immediately sold, the balance to remain in the treasury.

Keywords:Locke Insulator Manufacturing Company : Victor Insulators, Incorporated
Researcher notes: 
Supplemental information: 
Researcher:Elton Gish
Date completed:December 17, 2013 by: Elton Gish;