Locke Insulator Mfg. Company incorporation announced

The Locke Insulator Works at Victor, will hereafter be known as the Locke Insulator Manufacturing Company, having been merged into an incorporated stock company with a capital of $150,000. Stock has been issued at the par value of $100 per share. By the terms of the transfer, Fred M. Locke, the owner and founder of the industry, is to receive $50,000 in stock and $75,000 in cash, the balance, $25,000, is to be placed in the company's treasury as an operating fund. By the arrangement, the new company acquired the manufacturing plant, other adjacent real estate, all stock on hand, bills receivable, cash, formulas, patents, etc. The products of the company will be glass and porcelain insulators, insulator pins and other electrical and telephone supplies.

The plant is the only one of its kind in this part of the country, the success of the business having been little short of phenomenal. Directors of the newly organized company are: Fred M. Locke, W. A. Higinbotham, M. W. Burke, Willis D. Newton of Victor, F. L. Brown of Shortsville, Henry M. Parmele of East Bloomfield, Charles H. Fairchild of Honeoye Falls.