tyrone shoe

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tyrone shoe - SHOE FACTORY WILL CONTINUE. All the •80,000...
SHOE FACTORY WILL CONTINUE. All the •80,000 Capital of the New Com. puny Subscribed or Guaranteed. A meeting of the stockholders of the new Tyrone Shoe Manufacturing company, and citizens interested in the plans to continue the shoe factory in operation and extend its capacity and business v^as held in Heraid hallTuesduy evening. The capital of the new com pany had been fixed at $50,000, of which the largest portion had already been taken. Subscriptions announced at this meeting brought the aggregate of stock subscribed to $41,000. Then ten of the shareholders united in a guarantee that the remaining $9,000 would be subscribed thus assuring the entire amount of capital. The ten who united in this guarantee were A. G. Morris, W. L. Hicks, H. A. Gripp, John G. Anderson, E. 0. Poorman, Richard Beaston, G. L. Owens, E. Waldschmidt, A. B. Grier and H. M. Gray. A stockholders' meeting was then held at which the following board of directors was elected; W. L. Hicks, H. A.. Gripp, John G. Anderson, E. C. Poormau, Edward Waldschmidt. The stockholders authorized the board to purchase the plant of the Tyrone Shoe company /and this will be accomplished with all possible dispatch. An application application will be made to the governor for a charter for the Tyrone Shoe Manufacturing Manufacturing company as soon as it is legally possible, in about three weeks. The board of directors of the new company met yesterday and elected officers as follows: President, W. L. Hicks; vice president, H. A. Gripp; secretary, John G. Anderson; treasurer, E. C. Poorman; snperintendent.Edward Waldschmidt. This is an excellent board of representative, progressive citizens, who have been particularly active in securing the reorganization, subscribing with great liberality to the stock and evincing substantially the faith they lave in the enterprise which means so much for Tyrone's industrial advancement advancement and business reputation. The factory will resume operation lext Monday morning.

Clipped from Tyrone Daily Herald03 Jan 1901, ThuPage 4

Tyrone Daily Herald (Tyrone, Pennsylvania)03 Jan 1901, ThuPage 4
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