Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1848-04-13
Domestic Goods
NOTICE.
Shenandoah Paper Manufacturing Conn,

The Charter of this Company having been favora-
bly, reported upon and passed by the Legislature of
Virginia, II is due TO the community that full and
concise statement of its Features Objects intent
and engagement, be laid before them, that those dis
posed TO ard or participate in enterprise so useful
in itself, and highly beneficial to the community,
may do 80 understandings.
The Corporation entirely distinct as body, from
the purchasers Of the Gulf Mill Property, except as
purchasing lot and SO much water power from them
as may be necessary for ther specific manufacturing
operauons--whch the said proprieors OF the Gulf
Mill Property agree to furnish, inclusive of lot for
Factory at rate equal to of ten dollars per an
mum Tor each horse power requisite Cor driving the
Factory-and TO take the principle, which would be
Sl66 per horse power, in stock, in the Company.
This is rate o. only about Fifth, on fue hundred
per cent tess Than The cost of Water power at Mana
yunk, Lowell, Lawrence, Trenton or Patterson the
great seats OF our Eastern manufacturing establish
nents Although the proprietors of Gulf Mill prop
ETY. are, and must be at very heavy outlay of cash
capital in the purchase, and will be in the improve.
ment and development of the water power necessary
Tor The Factory yet they put the power thus low TO
the Shenandoah Paper Manufacturing COMPANY TO
encourage them in the opening and commencement
OF manufacturing Improvements in this great Valley
NO part. therefore, OF the funds stock subscribed
in this Valley. will be diverted to the purchase Of or
improvement OF Water power or lot for Factory
But every dollar will be strictly and faithfully applied
10 the erection OF aFactory-purchase of machinery,
and 10 form a business capital for the Compane as
may be seen by Section 9th of the Charter
The expense of the factory building, fore
bays and water wheels, is estimated at $4,000
The expenses of sixteen rag engines and
four Cylinder and Foudrneer machines
and all the other apparatus and fixtures,
about q, 900 dollars, and will require a
bout 100 horse power for operation, 500, GOO
A business Capital not exceeding 10000
will be requisite, $4,000
Forming capital of $4,000 besides the -
water power, $4,000
The machinery will be capable of manufacturing
upwards OF 5000 lbs. of paper per day--or about
100000 worth per year. Aud although this amount
may seem large amount, yet when we consider the
vast daily consumption ofpaper in the United States,
we should be inclined rather 10 increase the capacity
of The mill, than to fear of market for the pa
per, as market for large amount of what we shall
be able to manufacture is already engaged. Those
disposed 10 take stock in the Company can do so by
applying to the Editors ofany of the papers published
in the Valley, 10 Robert Il. Brown or John H. S,ri-
der, of Jefferson county. or Hiram Ellis General A
gent of the Company.
0sj- We are desired TO request each editor in the
Valley TO consider himself fully authorized to receive
subscriptions for stock.
April 6. lS4S.