Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1848-04-20
THE SHENANDOAH PAPER MANU-.
FEATURING COMPANY.

vINHE Charter of this COMPANY having been
= favorably reported upon & passed by the
Legislature of Virginia, il is due to the CON-
mnnty that full and concise statement of
lis features, objects. intentions and engage.
ments. be laid before them, that those dis
posed to aid or Participate in an enterprise
so useful in itself. ard so highly ben, ficial to
the community. may do so mmderstan..ingly.
The Corporation are entirely distinct as a
body, from the purchasers of the Gulf Mill
Property. except as purchasing lot and so
much water power from them as may be ne
CT SIS Try for their specific manufacturing oper
a:ios-which the said proprietors of tile
Gulf Mill Property agree to furnish. inclusive
ut lot tor Factory. at a rate equal to rent
OF ten dollars per annum for each heise pow
er requisite for driving the Factory%and to
take the principal, which would be Sl66 ~er
horse power, in s:ock,in the Company This
IS rate of only about one fifth. or. fve hun
a,ed per cent less than the cost of " ater pow
err a, ,MAna.unk, Lowell. Lawrence, Trenton
or Patterson, the great seats of our Eastern
mum featuring establishments Although
the propretors Of the Gulf Mill Property are,
and must be at a very heavy outlay of cash
CAPT Al in the purchase, ant will be in tie
impre We nent and dc development of the water
power necessary for the Factory; yet the,
put Il e power thus low to the Shenandoah
Paper Manufacturing Company. to encourage
them in the opening and commencem n of
manufacturing Improvements in this grea,
Valley.
No part. there fore, Of the funds or stock
subscribed i'll this Valley, will be diverted to
the purchase of. or improvement OF Water
power or lot Tor Factory. But every dollar
will be strictly and faithfully applied to the
a # E.c IS Il
and to form business capita! for the Conn.,
pany. as may be seen by Section 9th of the
Chatter.
The expense OF the factory building,
forebays and water wheels, is est.
mated at $4,000
he expenses of sixteen rag engines
and four Cylinder and Fou lrneer
machines. and all the other appa-
ratus and fixtures, about $4,000
dollars, and will squire about 100
horse power for operation. 500. 600
business Capital not exceeding TO-.
coo will be requisite. $4,000
Forming capital Of $50 900 besides
the water power. $4,000
The machinery will be capable of manutac
turing npw' rds of 5000 lbs. of paper per
day-or about 5000 600 worth per vear.-
And although this amount may seem large
amount, yet when we consider the vas, daily
consumption of paper in the United States,
we should be inclined rather to increase the
capacity of the mill, than to fear want OF
market tor the paper. as a market TO- a large
amount of what we shall be able to mam,fac
ture is already engaged. Those disposed to
take stock in the Company, can do so b, APP
plying to the Editors Of any of the papers
published in the Valley. to Robert +. Brown
O. John II. S,rider. of Jefferson county, or
Hiram Ellis, General Agent of the Company
OTWe are desired to request each editor
II The Valley to consider himself fully au-
thor zed to receive suLsc, iptlons for sto;k.
April l64o.