This is a letter from Arthur Smith, Vice President of Great Northern Utilities Inc., to Herbert Hoover asking for suggestions to increase financing so he can build gas plants to provide employment.
- Parte de Herbert Hoover Papers, President's Subject Files
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GREAT NORTHERN UTILITIES, INC.
Suite 428, 10 South La Salle Street
CHICAGO
8-17-30
His Honor President Hoover
White House, Washington D.C.
264
Honorabl@ President.
I noticed in this mornings paper your release
of the road fund money in this locality where the drought has
effected things the worst, to get work started at once to give
employment to people that are out of work, which I feel is a big
move at the present time.
I have a number of cities under franchise to build gas plants
in this vicinity, and am getting a number more, it is my intention
to build a hundred plants in this vicinity if I can, and am trying
my utmost to get the work started at once, while there is such a
crying demand for the use of gas and so many people waiting to get
something to do, as there W uld be as many as 60 to 80 men employed
in each town or city where these plants are to be installed, and this
work would last till away in to the winter, and in fact the first whole
year it would mean a busy town or city where the plants were being
installed, a.s several hundred stoves, meters, services etc would have
to be installed in each town or city after the plant was finished .
and not only giving these towns and cities work for the people
living in them, it would also be adding an industry that would invite
people to live in them as well a.s to invite factories to locate in
them,
I am in a market where it is almost impossible to get
the financing, and am trying to get started by asking material
men and builders to cooperate with me and build these plants and
wait for their money 6 months giving the bankers time to get in to
a market where the financing can be done, in this way I will be
giving work to the unemployed at a time that it is mostly needed
as wekl as getting the plant's built at a time that the cost of
material and labor is low, and doing a thing that means something
to the country and cities from a construction standpoint that
leaves a valuable assett in these cities and towns, these plants
are automatic in operation and low in construction cost, the gas is
made from Butane and Propane oil, and a rate can be made in the
small towns that is as low as in the large ones.
If you have any suggestions to make in the financing of these
plants in this market I would like to hear from you as your
experience along this line is valuable, and it will mean a big thing
to these unemployed people that you are trying to help.
Address- 651 Belmont Ave
Very Truly Yours
Chicago Ills
action / Guint
Arthur J Smith
Vice Pres, Eng &c Mgr, Great Northern Utilities Inc.
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