Sentinel of the valley. [volume] (Woodstock, Va) 1841-1848, 1848-04-06
rur SHENANDOAH PAPER MANU-
FACTJ9iNseGOMP ANY.
III the Editors Of the Free. Press:

The Charter Of this COMPANY having beer
f,yorably reported upon and passed by Tie
! eo;slature Of Virginia, i is due to the com
nunity that a full and concise statement OF
its features, objects. intentions and engage
ments, be laid before them. that these DIS
posed to aid or participate iiisan enterprise
50 useful in Itself AID so highly benef1c':u K
the community, MAY do so Understandings.
The Corporation are entirely distinct as {
bolv from the purchasers of the 6uit Mil
Property, except as purchasing lot and sc
much water power from them as may be ne
cessary for their specific manufacturing oper
a.ions-which the said propretors OF the
Gulf Mill Property agree to furnish. inclusive
of lot for Factory, at rate equal TO rem
ZEN dollars per annum for each horse pow
er requisite for driving the Factory-and te
take the principal, which would be Sl6o rel
horse power, in stock.in The Company. Tins
is rate of only about one ,ftih, orjhue Ran
d,,d pr cent less thar the COS, Of Mater pow
er at Mana,unk, Lowell, Lawrence, Trenton
or Patterson, the great seats OF orr Eastern
manufacturing establishments. Although
the propl-ietors Of the Gulf Mill Property are.
and must be at "a very heavy outlay OF CASH
caDiyai in The purchase, ans! will be in The
Improvement and development OF the watel
power necessary for the Factory; yet they
nut The power thus low 10 the Shenandoah
psper Manufacturing Company, to encourage
tho D the opening and commencement OF
manufacturing improvements III this great
Valley. 80
No part, therefore. Of the funds or stock
subscribed in this Valley, viii be diverted to
the purchase OF. %, improvement OF F." atef
mower or lot for Factory. But every dollar
will be strictly and faithfully applied to the
erection OF FACTORY purchase OF machinery,
and to form business capital for the Com
pany, as Hay be seen by Section 9'h OF the
Charter.
The expense OF the factory building,
forenays ana water wheels, IS est.
mlted at plo'ooo
The expenses Of sixteen rag engines
aad four Cylinder and Fou lr'neer
machines and all the other appa-
raus and fixtures. about 22,poO
dollars, AMI will require about 100
horse power for operation. az@,ooo
4 bu ,iness Capital not exceed nS ~,
600 will be requisite. Slo,Uoo
Farming a capital of So, 000 besides
~, ns.tar no,er $4,000
The machinery will be capable OF manutac
turing ,Ipw; r,ls Of 1000 lbs. OF paper per
sl., --or about $500, 600 worth per ycar.-
And although this amount may seem large
amount, yet when VIC 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 large
amount of what we shall be able to manutAc-
ture is already engaged Those disposed to
take stock in the Company, can do SO by APP
pjyiug to TIE Editors OF any of the paper
published in the valley. to Robert I. Brown
or John H. Sriler, OF jefferson county, Or
Hiram Ellis, General Agent of the Company
ur"e desired to request each editor
III the Valley to consider himself fully att
,lorized to receive subscriptions for stock
April 8. 1913.