The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-01-17
Lynchburg Mov.ng.

On Thursday last the citizens of Lynch
burg took the first organized step TO build
up that city. At largely attended NEE.
Ing to consider the mat ter of establishing
manufactures, the following plan was
adopted and S,U93 shares, of the par value
of $50 $50, was subscribed for the purposes
contemplated in the plan, a brief synopsis
of which is given below
l. The name is to be the Lynchburg Land,
Improvement, and Manufacturing Company.
>. The capital slGck to be not less than
SOM, 900 par value and as much more as may be
subscribed; with the usual proviso of further
extension as circumstances may require.
). The shares are to be of the par value of $40
each 81 per share to be paid this month; 81
four month hence; 81 eigut months hence ST
twelve months hence or in all 81 per share
when stock eriticates for $40 will be issued
full paid and unassessaDle.
4. The aims and general OBJECTS are set forth
in the appeal published by TIE committee b
few days s nee. and are likewise embraced in
the proposed charter herewith submitted
which is as wide and mprehensive~as can
possibly be desired,
s. The Board of Directors to consist of fifteen
members so as to have all classes of industries
represented,
g. The committee recommended. If their re-
port is adopted, that lists OF subscription be
opened at once: that the subscription of those
present be now recorded that the lists be kept
open for subscription at one or more con-
be employed 70 obtain additional subscrip-
tions.
/. That meeting of all the Subscribers be
called to meet for organization and further
action within zen days from date. at such
place and hour as the executive committee
may decide
In cone usion the report states that the COM
mittee have been greatly encouraged and In.
spired by the universal endorsement Ct the
proposed scheme; and expresses commence
thar actions will follow words and that all VIII
put their shoulders to the wheel and start the
new company with every prospect OF assured
success.
Among the subscribers are six colored
men whose aggregate shares amount to 40,
or 81 400. This is good beginning, and
looks like practical business.
The State Democratic Committee by its
action on Friday has very effectually dis
posed of the question OF an extra session
Of the legislature Lynchburg Ptrganadm,
What State Democrats Committee
has legitimateiy- to do with calling the
Legislature to meet in extra session, NC
one outside of the Charmed circle knows.
The general belief is that that is matter
of which the Governor shou d It the
judge. 1t is this subol dination OF every
thing to party necessities that has given
us improper legislation, bad laws, and
low estimate of public duty. 1t has IN
jured Virginia beyond all calculation, and
has been the one lregns MT cause oil the
depressed condition of all our interests
The Democrat State Convention to
nominate ndl1ates for Governor, 1T.
Governor, and Attorney General, gill
meet in Richm ond in July next. The
basis of representation as fixed ly the
State Committee, will give the body about
!, $50 memhers-the largest delegated po-
litical tody that ever assembled in the
State.
Hon. Anthony Higgins has been nomi-
mated by the Republican caucus OF the
Delaware Legislature to succeed Hon. Eli
Salisbury. He will he the first Republic
can Senator that has represented that
State.