Juvenile Shoe Factory makes Proposition

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Juvenile Shoe Factory makes Proposition - j CUAC FAPTflDV IMIKF? andiulIUL lMulUIl...
j CUAC FAPTflDV IMIKF? andiulIUL lMulUIl ITIHALO PROPOSITION of C. H. St. Louis Corporation Offers to Come to Monett for a Bonus of $50,000 Cash. The Juvenile Shoe Corporation of St. Louis is looking for location for a branch shoe factory and the Monett Commercial Club has been in communication communication with their president, S. A. Keith, in regard to terms. W. S. 'Perry, the local secretary, has received a proposition from Mr. Reith in which he asks a bonus of $50,000 cash to establish a factory here.' As an inducement for the bonus, the . corporation agrees to pay out in wages not less than $750,000 within ten years. Their payroll at Carthage at present is running over $150,000, while they agreed to pay out $75,000 a year. ' Mr. Reith said: "In considering this proposition your merchants should consider the fact that about every dollar dollar paid in wages is spent in the community. community. If we pay out $75,000, the net profit to your merchants and house renters should be at least 30 per cent. In other words, if you enter into this proposition with us you will be getting a payroll of not less than $750,000 at six and one-half per cent." The Juvenile Shoe Corporation is perfectly reliable and lives up to whatever whatever agreements it makes in factory towns. Should Monett be able to raise the bonus, there is no doubt that the town would gain a great industry. industry. Aurora had the same proposition proposition from the company, but are considering considering the proposition of another shoe factory which will require a bonus of $75,000.

Clipped from The Monett Times23 Apr 1920, FriPage 3

The Monett Times (Monett, Missouri)23 Apr 1920, FriPage 3
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  • Juvenile Shoe Factory makes Proposition

    sum_nut – 03 Feb 2016

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