[Newspaper] Publication: The Coshocton Age Coshocton, OH, United States |
Manufactories. — Since the agitation of establishing Machine Works in Coshocton, the all absorbing question with many of our capitalists seems to be "will it pay?" We can see of but one answer and that is affirmatively. It requires captial to establish manufactories upon a successful basis, thus adding wealth to the town or community. Operators are necessary to carry on the work who have to support themselves and families, thereby patronizing all classes of business men. A Manufacturing establishment is constantly drawing money from abroad for their manufactured articles, and so we might go on enumerating the advantages to be derived but we will content ourselves by giving a few instances of what the development of manufacturing interests will do for a place. Akron is known far and wide for its business capacity, and its rapid growth. It is all due to the numerous manufacturing establishments. What has made Canton the second city on the Ft. Wayne road, between Pittsburg and Chicago? The answer is evident — manufactories. Let us go a little further east, on the same road and we find Beaver Falls. Two years ago it was an old dilapidated town of perhaps five or six hundred inhabitants. To-day its population is nearly four thousand. Hundreds of new houses have gone up, sprung up, as it were, out the ground. The great secret is this. They have also a very large File Factory. And then you wonder what is going on in that long, building near the bank of the river, where they keep up such a terrible clattering. You go in, and find it to be a Shovel Manufactory. You go a little farther up the river, and you come upon the Beaver Falls Glass Works. There is also a large Stove Factory, and several other smaller works. Now read the statement just made by two manufactories in Tiffin, Ohio: "A dividend of 20 per cent on capital stock of the Tiffin Agricultural Works; has been declared for 1870." "The Directors of the Tiffin Woolen Mills, have declared a dividend of seventeen and one-forth per cent, for the past year." If those gentlemen who are able to assist in developing the resources of Coshocton, but who hesitate for fear it won't pay, would investigate the matter thoroughly, we are satisfied they would no longer be a dead weight to the prosperity of Coshocton. Money and energy is all we want to become a city within five years. |
Keywords: | Beaver Falls Glass Company |
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Researcher: | Bob Stahr |
Date completed: | February 20, 2008 by: Bob Stahr; |