Sunday, September 20, 2015

THE CORTLAND WAGON COMPANY CAPITAL STOCK INCREASED



The Cortland Democrat, Friday, November 28, 1890.

THE CORTLAND WAGON COMPANY.

The Capital Stock of the Company Increased to $400,000—Extensive Arrangements Completed for Transacting an Enormous Business.

   On the 20th of January, 1879, a stock company was organized in this village, under the laws of the State of New York, for the purpose of extending the manufacture of platform spring wagons, and various styles of carriages on a large scale under the corporate name of the Cortland Wagon Company. Since that date the numerous enlargements of the company's plant are still fresh in the mind of the public. The "wild venture" of upward of a decade past is to-day a scion from which innumerable plants have sprung into existence and the present works of the Cortland Wagon Company stands as the pioneer of our busy manufacturing city. Though seriously interrupted by the great fire on the night of December 5, 1888, the buildings were speedily replaced and demand for outputs increased until about three weeks ago, when the manufacturing departments were shut down preparatory to taking the annual inventory.
   With the opening of the holiday season of the present year the announcement is made that the capital stock of the Cortland Wagon Company has been increased from $100,000 to $400,000. A new board of nine stockholders will constitute the board of directors, five of whom are residents of Cortland, namely: Lawrence J. Fitzgerald, Hugh Duffey, O. U. Kellogg, F. Cyrus Straat, and A. F. Aird, the remaining four are non-resident stockholders. Beside those who were stockholders previous to the increase the company now numbers several of the most successful and wealthy businessmen of the country. It is the purpose of the company with the aid of the increased capital to run the works all winter with a view to stock ahead on their several styles of vehicles thus placing themselves in a position to meet the great demand in the rush of the busy season, which demand the company have never been able to fill before.
   There will be no change in the management of the new company, the officers being:
   President—L. J. Fitzgerald.
   Vice-President and Superintendent—H. Duffey.
   Secretary and Treasurer—F. C. Straat.
   Many improvements are to be made in the factory which will increase the rate of production to nearly double that of any past year. A large Sturtevant fan for conveying the shavings and dust of the machines in the wood department to the boiler rooms is being put in position and will be in readiness by the end of the week. This will save a large outlay of labor in cleaning up the vast floor area. A galvanized iron conduit of 27 inch diameter leads from the fans situate [sic] beneath the second floor to the separating chamber in the attic of the boiler building—the fuel descending to the basement, the air finding exit above. The fans make 1000 revolutions per minute thus creating a powerful, attractive and repelling agent.
   The addition of $300,000 to the capital stock of this already successful enterprise means much to the future business interests of Cortland. Heretofore the company have been unable to give employment to all of their 500 or 600 employes [sic] all the year round, for the reason that it requires an immense amount of capital to furnish material to manufacture wagons from September until spring when their sales commence. The wages of the employes, which have to be paid weekly, would alone amount to something like $20,000 per month and when this sum for six months is added to the cost of material, the amount of capital required foots up to a large sum. With the large addition to their capital stock the Company will be able to run the year round, and the employes will be greatly benefited by having continuous employment at good wages. A large part of their earnings will be spent here, thus adding greatly to the business interests of Cortland.



NOTICES.

   A meeting of the stockholders of the Erie & Central New York Railway Co. is called to be held at the company's office, No. 109 Main St., Cortland, N. Y, on the 22d day of December, 1890, at 10 o'clock A. M., for the purpose of authorizing and sanctioning the issue of ($750,000) seven hundred and fifty thousand dollars of its bonds, to be secured by a mortgage of all its property and franchises, in order to raise money to complete, finish and equip its Railroad from Cortland to Norwich, and for the purpose of authorizing the directors or such officers as they may designate, to enter into a contract with a contractor or contractors to construct and equip said Railroad, and for the purpose of considering any other question or questions that may arise concerning the issuance of said bonds and concerning said contract.
   To consider the choice of a new name for the company and to authorize the directors to take the necessary proceedings to change the name of the company; to amend and revise the by-laws of the company, to ratify or disaffirm the acts of the board of directors done since the annual meeting in 1883; to elect a new board of directors, to fill vacancies in the board of directors; to release the town of Pitcher, Chenango county, from liability on the bonds of said town, issued in aid of the construction of the railroad of the company, and not yet delivered and negotiated, on condition that the people of said town of Pitcher contribute the right of way through said town; to provide for reimbursing or securing individuals who have advanced money necessarily expended in the enterprise of constructing the railroad of this company; to provide means for the purchase and pay for rights of way not heretofore secured, and to do such other business as it may be necessary and proper to transact at said meeting to facilitate the construction of the railroad of this company.
   P. H. MCGRAW,
   C. B. HITCHCOCK,
   W. D. TISDALE,
   T. H. WICKWIRE,
   F. H. COBB,
   J. S. SQUIRES,
   H. M. KELLOGG,
   D. F. WALLACE,
   C. W. STOKER,
   C. P. WALRAD,
   GEO. C. HUBBARD,
   GEO. H. HOLMES,
   WESLEY HOOKER, Directors.



MR. WATERS IN CONTEMPT.

He Is Fined by Justice George N. Kennedy—It Will Cost the Distinguished Lawyer $250 to Purge Himself on Account of His Professional Conduct in the Jarvis Dinsmore Case.

(From the Syracuse Herald, Nov. 20.)

   Justice Kennedy to-day filed with the County Clerk a decision finding M. M. Waters, of the law firm of Waters & McLennan, guilty of contempt and fining him $250.
   This is a chapter in the case of Jarvis Dinsmore against the Commercial Traveller's Association for the recovery of $5,000 on a death claim which had been assigned to Dinsmore by Mary F. Curran. The suit was begun through Hogan & Stern, in December last, and afterward a creditor of Mrs. Curran brought an action whereby Sheriff Johnson attached the claim against the association, and on April 5th an order was made restraining Mr. Dinsmore or his attorneys from prosecuting his action until the determination of the action by the Sheriff against Dinsmore and others. Then Hogan & Stern obtained an order at Watertown discontinuing the action of Dinsmore against the association. This was claimed to be in violation of the order of April 5th staying proceedings, and Justice Kennedy thereupon set aside the order of discontinuance of the action obtained at Watertown, and proceedings were instituted to punish Hogan & Stern for contempt. These proceedings are yet pending.
   Afterward Jarvis Dinsmore's father came here from Illinois and retained Mr. Waters to begin a suit in the United States court against the Commercial Travellers' association to recover the $5,000. This action was begun on November 3d. George Doheny, of Hiscock, Doheny &Hiscock, began the proceedings to punish Mr. Waters for contempt in bringing the last named action on the ground that the order of April 5th staying proceedings is yet in force. Mr. Waters will appeal.



Honoring His Memory.

   The interior of St. Mary's Church was draped in heavy mourning emblems Wednesday, the occasion of the second anniversary of the burial of the Reverend B. F. McLoghlin. The attendance was so large that it became necessary to place chairs to accommodate the people. There were nine visiting priests in attendance at the celebration of Requiem High Mass, as follows: the Rev. Fathers N. J. Quinn, W. Dwyer and J. J. Brennan, of Binghamton; Edward Healy, of Kentucky; Thomas McLoghlin, of Philmont; J. F. McLoghlin, of Rome; M. Joyce, of Truxton, P. Herrick, of Marathon; M. O'Reilly, of Pompey Hill, beside the resident pastor Rev. J. J. McLoghlin, who officiated as celebrant with the aid of Father Healy as deacon, Father Thomas McLoghlin as sub-deacon, and Father J. F. McLoughlin as master of ceremonies. Four nephews of the deceased pastor acting in the above capacity was a fitting tribute to the solemn occasion. The services were very interesting and the music of high order.



Old Clothes Wanted.

   Mr. W. F. Chadbourne of Parksley, Va., formerly of the Messenger House in this village, writes us that the colored population of that vicinity are very poor and scantily clothed and that they are likely to suffer greatly in the coming winter for want of proper clothing. He offers to see that clothing sent to him is judiciously distributed among the needy. Cast off clothing suitable for men, women and children is solicited and the same may be left with Mr. Samuel Main at the Messenger House in this village, who will undertake to pack the goods and forward them to Mr. Chadbourne. Most everybody has garments lying about that would be acceptable and all who contribute will have the satisfaction of doing something for a worthy cause. Besides the ordinary wearing apparel, old boots and shoes are needed.



FROM EVERYWHERE.

   The police authorities of Syracuse, having inaugurated the closing of saloons on Sunday, have now turned attention to raiding and closing gambling resorts.
   Albany has three city bell ringers who are paid $50 each yearly. The custom in that city dates from Nov. 23, 1697, when John Radcliffe was appointed.
   The Erie, Champlain, Black River, Oswego, and Cayuga and Seneca Canals will be closed on Sunday, November 30th,1890, at midnight, unless sooner closed by ice.
   Arrangements are being made by the C. W. Conger hose company of Groton to hold a grand carnival and fair on December 16, 17 and 18. The proceeds to be applied for the purchase of a new carriage.
   A Pine Valley farmer, who was at Elmira Friday, ran under the Erie's gates at the Water street crossing and was crushed to death, being so badly mangled that it was necessary to use a shovel to get up some of his remains.
   Up to date, 37 of the Arctic whaling fleet have come into port at San Francisco, bringing 13,575 barrels of oil, 223,203 pounds of bone, and 2,180 pounds of ivory, besides several hundred fox, otter and bear skins, representing in value over $1,250,600.
   The American express company has tendered its services, free of charge, for the relief of the destitute in Ireland. The company will receive contributions at any point in this country where it has agencies and will issue for such contributions its money orders payable to such persons and at such points in Ireland as the senders may direct.
   A new ordinance in the interest of good streets goes into effect in Watertown next April. It provides that 4-inch tires must be used on wheels where loads weighing more than 4,000 pounds are carried, and 3-inch tires must be used where the weight of the load is over 2,500 and less than 4,000 pounds. The penalty for non-compliance with the statute is $10 fine, and a policeman or an alderman may order a load weighed where the indications are that the order is being disobeyed.

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