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Community Buys Businesses #248198

CBS Evening News for Tuesday, Sep 28, 1976
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(Studio) Herkimer, New York, citizens buy large industry to keep it from closing.
REPORTER: Walter Cronkite

(Herkimer, New York) Threatened closure of woodworking plant spurs Herkimer citizens to purchase operation, important to town economy Factory belonged to Sperry-Rand; makes library equipment. [Employee Stubby SPENCER - speaks of hope.] Factory founded by Melville Dewey, of Dewey Decimal fame. [Employee Clayton JACK - is pleased.] Procedure for purchase explained. [Chairperson Mohawk Valley Community Corporation Richard RIFENBURG - explains importance of industry to town.] [Stock holders Joe VALARO, Bob PERRY - tell why they bought stock.] Business now known as Sperry-Rand Library Bureau. Name to be changed.
REPORTER: Jim Kilpatrick

Cronkite, Walter;
Kilpatrick, Jim

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