Stockholders for Cadiz Glass Company listed

[Newspaper]

Publication: The Cadiz Republican

Cadiz, OH, United States
vol. 69, p. 3, col. 2


Glass Works — Blown In.

 

After all the vicissitudes attending the new glass works project at this place, and after the temporary break down of the whole business, as announced in last week's paper, we have the pleasure of stating now that all the difficulties have at last been cleared out of the way, and that the building of the works is to proceed forthwith, without unnecessary delay.

After a part of the Bridgeport and Bellaire gentlemen had refused to sign the agreements, and negotiations had been thus, broken off, three of them, Messrs. Wallace, Kitson and Pearson, proposed to go in with citizens of this place, on the same terms as had been agreed upon with the other parties.

An effort was at once made to raise the necessary capital stock, and within a few days it was all subscribed. The Cadiz gentlemen who have thus become members of the new firm are the following: Messrs. H. S. McFadden, M. J. Brown, W. L. Houser, John Conwell, M. S. Kennedy, J. F. Poulson, J. M. Garven, J. C. Sharp, Richard Lyons, D. B. Welch, and J. M. Estep.

With this kind of men as stockholders, and the guarantee of their active and earnest support of the new enterprise, there is very much better prospects of making a success out of the glass works business at this place than was proposed at the beginning to our people. These new stockholders are all men of enterprise, as well as men of means. They are all successful businessmen and now that they have gone into the glass works project they will push it for all there is in the business.

At a meeting of the subscribers to the donation fund held at the Court House on last Saturday evening, Judge J. R. Hunter was called to the chair, and Mr. J. M. Estep was appointed secretary. The subject of the glass works project was discussed by a number of those present, Messrs. D. Cunningham, J. M. Garven, M. S. Kennedy, H. S. McFadden, J. M. Estep and several others taking part in the discussion.

The tenor of the remarks was mainly to the effect that the glass works project would be much more certain of success under the new organization than under that first proposed.

On motion of Maj. Cunningham the following preamble and resolutions were unanimously adopted:

WHEREAS, The citizens of Cadiz, and others, agreed to subscribe and donate $5,000 to a glass company to be organized by Wm. M. Wallace, John Kitson, Edward Pearson, Jefferson Bowers and W. G. Terry, the works to be established at or near Cadiz, which sum has been subscribed, and

WHEREAS, Said Bowers and Terry have neglected and refused to go on with said business and raise the necessary capital, and

WHEREAS, The said Wallace, Kitson and Pearson, and certain citizens of Cadiz propose to raise the necessary funds and organize a company for the purpose and go on with said works if the said donors still so desire; therefore be it.

Resolved, By the said donors that they desire said company to be so organized, and that upon the organization of said company and the building of said works that the said donations shall be paid to said company upon the terms embraced in said original subscriptions; and it is further

Resolved, That a committee of three be appointed by the chair to attend to said matter for said donors and turn over said donations to said company when the terms are complied with.

The following committee was appointed : D. Cunningham, W. H. Arnold and S. Ferguson.

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Keywords:Cadiz Glass Company
Researcher notes: 
Supplemental information: 
Researcher:Bob Stahr
Date completed:January 17, 2009 by: Bob Stahr;