A Prosperous Local Industry

REORGANIZATION OF THE CRESCENT CLASP WORKS

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New Departments Have Been Created and the Business Has Benn Largely increasing

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The Crescent Clasp Works, mention of the re-organization of which has been made have elected the following board of directors: C. K. McGee, Chas. W. Wagner, J. C. Henderson, Jas. H. Prentiss, and Earle B. Stewart. Mr. C. K. McGee, the former proprietor, becomes president of the new company, C. W. Wagner. secretary and treasurer, and E. B. Stewart, takes Mr. McGee's place as general manager. 

The new company is capitalized at $60,000, $30,000 of which is preferred stock. All the stock has been subscribed by Ann Arbor parties.

The Crescent Clasp Works were started in 1891 on the top door of the Courier block. Their goods were sold entirely through agents. Their business increased to such an extent that they had to seek more commodious quarters and hen the new Pratt block was built, they rented the entire tow upper stories. So much has their business grown that they have no surplus room. At first they made corsets only, afterwards the manufacture of underskirts was added and then a walking skirt and jacket department. The business has been almost entirely a mail order business and has grown to very large proportions. Goods are shipped as far south as Florida and as far north as Alaska.

Definite plans for the future have not yet been given out but there will probably be better facilities created for taking care of the Ann Arbor made to order trade, which will probably be made a feature.

The company has been very successful financially and is now as it has been, in competent hands and has a rosey future before it.