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The State Herald
Holyoke, Phillips County, Logan County, Colorado
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Former Pullman employees organize a new company in Hiawatha, Kansas, backed by Chicago and local capital, to manufacture sleeping cars and railway equipment on a cooperative plan. Key figures include president Louis Meyer and secretary C. O. Allen, inventor of a new sleeping car design.
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They Organize a Company to Build Sleeping Cars.
Hiawatha, Kan., Aug. 20.-A company of ex-employes of Pullman, Ill., backed by Chicago capital, has been organized to build car and general manufacturing shops at Hiawatha, Kan. Brown county citizens have taken $50,000 in stock and Chicago capitalists $200,000. Louis Meyer, the president, and C. O. Allen, the secretary, will be in Hiawatha Tuesday to select their site and complete arrangements to begin work on the plant at once.
C. O. Allen is the inventor of a new palace sleeping car, for which Mr. Pullman offered him $65,000 and a New York company $50,000 and a royalty. The company will be managed on the cooperative plan, each workman to receive a share of the profits, though the capital is guaranteed 6 per cent. on the investment before the laborer comes in for his share. The company has control of five patents and will manufacture all kinds of railway equipments. Louis Meyer, president of the company is the architect of the initial Pullman shops and has been in the employ of that company ever since its organization. Eight hundred employes of the Pullman shops will come and begin the scaling of the works as soon as the preliminary arrangements are made.
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Location
Hiawatha, Kan.
Event Date
Aug. 20.
Story Details
A company of ex-employees of Pullman, Ill., backed by Chicago capital and Brown county citizens, organizes to build car and general manufacturing shops at Hiawatha, Kan. Louis Meyer, president and architect of original Pullman shops, and C. O. Allen, secretary and inventor of a new sleeping car, lead the effort. The cooperative company controls five patents, guarantees 6% to capital, shares profits with workers, and plans to manufacture railway equipment. Eight hundred Pullman employees will join to begin work.