Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1848-04-15

TINE Charter Of this Company having been
Il favoraby reported upon and passed BY
the Legislature of Virginia, it's due to the
community that a full and concise statement Of,
IN features objects. intentions and engagements,
be laid before them that those disposed to aid or
participate in an enterprise so useful in ITSELF and
50 highly beneficial to the community, may do so
understandingly.
The Corporation are entirelydistinct as 1 body.
from the purchasers of the Gulf Mill Properly,
except as purchasing a lot and so much water
power hom them as may be necessary for their
specific manufacturing operations-which the
said proprietors OF the Gulf Mill Property agree
to furnish inclusive Of LOT for Factory, at rate
equal to rent OF ten dollars per annum for each
horse power requisite for driving the Factory
and to take the principal, which would be Sl66
per horse power, in stock, In the Company, This
is a rate Of only about one ffih, or IRE Hundred
per cent less than the cost of Water power at Ma
nayunk, Lowell, Lawrence, Trenton or Patterson,
the great seats of our Eastern manufacturing es-
adjustments. Although the proprietors OF the
Gulf Mill property are, and must be al very
heavy outlay Of cash capital in the purchase, and
will be in the improvement and development of
the water power necessary for the Factory; yet
they put the power thus low TO the Shenandoah
Paper Manufacturing Company, to encourage
them in the opening and commencement of ma
nnfacturing Improvements In this great Valley
No part therefore, of the funds or stock sub
scribed in this Valley will be diverted 10 the pur-
chase of, or improvement of Water power or lot
for Factory But every dollar will be strictly
and faithfully applied to the erection of Factory
purchase of machinery, and to form a business
capital for the Company, as may be seen by See
ton 9th of the Charter.
The expense of the factory building,
forebays and water wheels, is estima-
ted at $4,000
The expenses of sixteen rag engines and
four Cylinder and Foudrineer ma
chimes, and all the otherapparatus and
fixtures, about $4,000 dollars, and
operation, $4,000
A business Capital not exceeding 10000
win be requisite, $4,000
Forming capital Of Sc, 900 besides the --
water power, $4,000
The machinery will be capable Of manufactur-
ing upwards Of 900 lbs. ofpaper per day-or a.
bout 100000 worth per year. And although
this amount may seem a large amount yet when
we consider the vast daily consumption of paper
in the United States, we should be inclined rather
to increase the capacity of the mill, than to fear
a want of market for the paper, as market for a
large amount of what we shall be able to manu-
facture is already engaged. Those disposed to
ing to the Editors Of any ofthe papers published
| in the Valley, to Robert q. Brown or John II.
Strider, of Jefferson county or
k 4s HIRAM ELLIS,
| General Agent Of the Company.
| - We are desired TO request each editor in
the Valley to consider himself fully authorized
tc receive subscriptions for stock.
| Winchester Republican and Virginian, Rom
ney Intelligencer, Woodstock Sentinel Harri-
sonburg Republican and Register, Staunton De-
mocrat and Spectator, Lexington Gazette and
Star, insert the above one week as comm. and
two weeks as an adv, and send copies Of their
papers and bills to Hiram Ellis, Agent Harpers-
Ferry, Va
ADril 1919