Gershom Manufacturing Company.
The possibility and desirableness of advancing the interests of the town of Gershom by the still further “utilising” of the waters of the Beaver River for manufacturing purposes, had long been a matter earnestly discussed among the people. At various towns within the last five years measures had been proposed, tending toward the accomplishment of this object, but hitherto it had been with little result.
As a rule, the various industries which now gave prosperity and importance to the place had grown out of small beginnings. On the spot where now stood Cartwright’s Carriage Factory, well known through all the countryside, old Joshua Cartwright had faithfully and laboriously spent his days in making tubs and stools, sugar-troughs, and axe-helves for the early settlers. The shed where, in those days, Simon Horton had shod their horses and oxen, had grown in the course of years into the Gershom axe-factory, which bade fair to make a rich man of his daughter’s son.
But the slow and sure process which had served their fathers in their advances toward wealth were not likely to content the men of Gershom now, and there had been much talk among them about the forming of a company to be called “The Gershom Manufacturing Company,” the object of which was to be the establishment of new industries in the town.
Meetings were held, and speeches were made. The “enterprise and public spirit of certain of our fellow-townsmen” were highly lauded, and a wonderful future of prosperity for the town of Gershom and the surrounding country was foretold as the result of the step about to be taken. The Beaver River was made the subject of long and laudatory discussion. Its motive power was calculated and valued, and the long running to waste of its waters deplored. A committee was appointed for the arranging of preliminaries, and that was as far as the matter progressed at that time.
Other attempts were made later in the same direction. Some of them passed beyond preliminary arrangements, and more than once the more sanguine among the promoters of these schemes made sure of a successful issue, but all had failed when the practical part of the business had been touched.
The cause of this did not always clearly appear. Once at least it was attributed by some of the disappointed towns-people to the obstinacy and avarice of Jacob Holt. The old woollen-mill built by Gershom Holt in the early days of the settlement had served a good purpose in the country for a good many years. But it was time now, it was thought, for the work to be carried on in Gershom on a larger scale. The old building itself was of little value, and the old-fashioned machinery it contained was of less, but the site was considered to be the best in Gershom for a manufactory of the kind. Jacob Holt professed to be quite ready to dispose of it to the company on reasonable terms; but when it came to the point, no agreement could be made as to what were reasonable terms, and so the old mill plodded on in the old way for a while, and within a year a new mill was built in the neighbouring township of Fosbrooke. There was much indignation expressed with regard to this matter in Gershom, but Jacob troubled himself little about it. The old mill had gone the way of most old mills since then; it had caught fire one wintry night and burned to the ground, and the Gershom paper-mill had been built on the site.
Jacob had not come down in his ideas as to the value he set upon it, but he had been content to take shares in the building instead of the “cash down” which he had demanded before. In this way, and in other ways, he came by and by to be the largest shareholder in the concern, and when later, partly through the inefficiency of the person who had charge of the business, and partly for other reasons, paper-making began to look like a losing concern, the value of the shares went down, and in course of time most of them fell into his hands. So it was “Holt’s Paper-mill” now, and there was no other manufacturing company as yet in existence in Gershom. The chances were, it was said, that had the first company succeeded with the woollen-mill it might have fallen into the same hands, and as far as the general property of the town was concerned, it might as well have been Jacob Holt’s hands as others’. But those who had lost, or who fancied they had lost, by his part in these two transactions, were watchful and suspicious of his movements when once more the wise men of Gershom began to see visions of what might be done by the combined powers of the Beaver River, the enterprise of the people, and the use of a moderate amount of capital to advance the prosperity of their town.
Their ideas had still advanced with the times. Their plans were not limited to a woollen-mill now. Machine shops of all sorts, a match factory, furniture-shops, even a cotton factory was spoken of. Indeed, there were no limits to the manufacturing possibilities of the place, as far as talk went. Money was needed, and a good deal of it, and the people of Gershom wisely contemplated the propriety of making use of other people’s money in building up the town, and for this purpose it was desirable that the company should embrace the rich men of other towns as well. Some of those rich men came in an informal way and looked about, and admired the Beaver River, and talked and thought a good deal about the scheme. The banks of the river above and below the town were examined with a view to deciding on the building of a new dam, and Mr Fleming’s refusal to sell any part of his land had been in answer to Jacob Holt’s offer on behalf of the prospective company.
All this had taken place about the time when Mr Maxwell came to Gershom, and when he had been there a year no advance had been made in the way of actual work.