The Factory Is Ours

Tbe committee of business men havinj{ In charge the canvas foi' the $3,000 bonus asked by the Hay &, Todd MfL. Con of Ypsilanti, for tne location of a branch factory in this city, met at the Ann Arbor Savings Bank Monday night. Mr. Fred T. McOmber was unable on, account of sickness, to be present, but the remaining metnbers of the committee were on hand. It was reported that the entire amount had been gubscribed, and the representativas of the Hay & Todd company were so informed. The necessary contracts were entered in by both parties, and the matter may fairly be regarded as settled. The company at the same time purchaaed as tho seat of the new factory the Pinnegan Block, corner of Detroit and Fourth avenues, paying therefor in round figures $6,000. Possession is to be given on Dec. 1, and the necessary inaohinery will be hurried into place as oon thereafter as possible. The subscription8 secured by the business men 's committee ara to be paid in installmenta, Nov. 1, Dec. 1, and Jan. 1, the name to be paid at the Ann Arbor Savings Bank. On Fob. 1 the whole bonus of $3,000 will be turned over to the Hay & Todd Co. Thus is secured a manufacturing establishment which will surely bring thousands of dollars to our oity every year, and the result is duo mainly to the buainess enterprise and push of a comparatlvely few of our practicalmlnded citizens. It is to be hoped that thia will not be the last establishment secured to our city. President J. B. CoWin, of the Hay & Todd Company, is confident that the factory will be open for business before February 1. Pifty maohines will be put in, employing no less than 100 hands.