Stock company purchases 2 acres of land to build glass house

The Glass Works.

It is now settled that the proposed glass works at this place are not to fizzle out, as had been suggested by some persons, but are to be built, according to the original proposition. Messrs. Jefferson Bowers, of Bellaire, and John Kitson and Edward Pearson, of Bridgeport, representing the stock holders of the proposed Company, were in Cadiz last week in consultation with the citizens' Committee authorized to act for the subscribers to the donation fund. As a result of this consultation, terms were agreed upon and signed by both parties, the principal points of the agreement being as follows: The Company is to erect a brick building 70 by 50 feet, and 18 feet in height, tin roof, smoke stack 60 feet in height, the factory to have the capacity of employing at least 75 men. All to be completed free of debt, and said Company is to issue a first mortgage for five thousand dollars to the citizens subscribing the donation fund, said mortgage to be binding on the Company only for the continuance and operation of the works for the term of five years. The works are to cost about fifteen thousand dollars, and on proper satisfaction to the Committee that fifteen thousand dollars, or more, have been invested in building, grounds, and machinery, and that, the property is free from debt then the Committee is to pay said Company the sum of five thousand dollars, as a donation. If the property shall have cost less than fifteen thousand dollars, then the Committee is to pay a proportionate sum less than five thousand dollars, amounting to one dollar of donation for three of investment by the Company.

The Company has purchased two acres of ground from Mr. John McAfee, adjoining the Railroad, and will commence the erection of the building within a few days.

It will thus be seen that the project, though conducted quietly, has been one that meant business from the start. The gentlemen engaged in it declare their intentions of greatly increasing the capacity of the works if they shall succeed as well as they anticipate. If the project shall develop the fact that Cadiz is a good place for the manufacture of glass ware, it may be the beginning of a very important era in the history of this place. At all events, it is surely an experiment, to our town, well worth trying.