The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-02-07
staupto, rYruiture Misunderstanding Co.

At a meeting of the subscribers to the
stock of the above company, held Friday
night last, W. 2. Tams, Esq, cashier OF
the Augusta National Bank, was elected
chairman, and E. j. Cushing, Esq, of the
Valley Mutual office, secretary.
The canvassers reported Slo,500 sub
scribed, and sufficient amount in sight
TO Increase the sum to $50 000 The meet
ing was large one, and very great inter
est was manifested. Mr. Geo. l.uppert,
the owner and operator of furniture fac
tories at Williamsport, Penn, and Romeo
verte, w, Va, was present and gave a
very detailed and iniere sting account of
the various branches of the business, His
answers to the many searching enquiries
made, showed him to be not only an ex-
pert in the business, but demonstrated his
confidence in the success of the proposed
plant here. His statements were made in
a plain straightforward business like man
ner, and impressed all present fayorably.
Mr.. Luppert 5 proposition is to erect the
works, put the machinery in operation
and Eake furniture, as a demonstration
of the verify of his statements, and then
| turn over the concern to the company.
The advantages of Stanton over Romeo
verte, were the saving in freight and the
competition resulting from having two
/ f1r oh; too of
| Nearness to market and the advantage of
direct communication with large dealers
would be very great here, The cost OF
machinery IN the Wiliamsport factory
was al out 81 900 There lie had four
story brick building. and Was crowded
| with orders. If the Stanton factory was
in operation, could give it now an order
| for So .0C0 The timber was getting scarce
| about Wiliamsport; had to haul it $50
miles. 1t would be better here. The
buildings here should be 4Sx1o0 and 4Sx90,
3 stories high, with elevators, and with
dry house conveniently located. { A large
supply of water was necessary, and it
| would be better to use water from the
creek water. The lots offered were good.
but the one just at the junction Of the
two railroads would be preferable, both
for receiving material and shipping goods.
Mr.. Luppert thought it would be best to
have a capital of $25 goo, so as to- have
good working fund of 81 900 or $4,000 to
keep stock on hand aid from 40 900 to
| 81 600 feet OF lumber in thessyard: but the
plant could be started with $4,000. and
leave fair working capital, provided col
lections for goods sold were made prompt
| ly. The machines worked in sets. and the
machinery proposed here would employ
about so hands. All work would be done
| by the piece. Good hands could make an
The foreman at Williamsport received
$3.50 per day. AT the conclusion of Mr..
| Luppert's statements, com mittee of five,
consisting of Messrs. liver, Wilkes, Nc
| Quaide. Lickliter, Mcfarland, and w. F.
| Tams. was appointed to confer further
with Mr.. Luppert as to details. location
&C., and report TO a meeting to be held
Monday night.
MONDAY NIGHT MEETING.
In the absence of W. 2. Tams. J. N.
| Mcfarland was called to The chair. Capt.
Jno. McQuaide submitted the report of
the committee appointed at the Friday
night meeting. The report stated that
after thorough investigation the COM
l icHo hot bof 70 of Ill
pay a fair per centage on the Investment.
Twenty thousand dollars had been sub
scribed. which would establish the plant
and leave 3 1000 as d working capital. The
committee recommended that committee
of six be appointed to solicit further sub.
scriptious, so as to increase the capital
stock to S25 600 The proposition of Mr..
Luppert has been somewhat modified at
the suggestion of the committee. Mr.. L.
would sell the machinery now at Romeo
verte, valued at $4,000, at invoice price
showing bills for same; ana $1,000 in new
machinery would be added, making $4,000
| One half Of which Mr.. L. would take in
stock. The machinery at Ronceverte had
been iii use from . to months If this
plan should be adopted the company would
pay expenses of putting up machinery.
| The old Tam chill mill lot for which the
parties asked s., 200, two, hundred to be
taken in stock. The other, the lot near
the old Asst property, and lying between
the C.& o. and B. & 0. railroads. This
lot could be purchased at 81 500, the par
ties taking $500 in Stock. The report of
the committee was adopted, and the pur-
chase Of a site referred 10 the Board of
| Directors.
I The following committee was appointed
to solicit further subscriptions Guy
| Cochran, Jno. McQuaide, r. r. Andrews.
Jas. Ker. jr., B. Miller McCue, J. T.
| Long.
On motion. ]. ID. Crowle, T. J. Crowder.
J. M. Lickliter and W. FL. Weller were
appointed committee to report org aniza
| ton ard election of officers. The COM
mittee recommended that the officers to
| be elected should be president, vice.
| president. secretary and treasurer, and 5
! Directors; which was amended, and adopt
ed, SO as to provide for general manager
and secretary lone NAM and seven direc-
tors. The stockholders then proceeded to
the election OF seven directors, with the
following result, viz: w Z. Tams, w. 7.
McCue, Geo. Luppert. j. N. Mcfarland.
J. d. Crowle, J. NJ. i4ickli.er, and S. NJ.
Wilkes, Chas. Curry, A. c. Gordon, and
A. G. Braxton, were appointed commit
tee to apply for the charter. Adjourned
to meet at the call of the BOARD.
| BouDd in Hymen's Fetters
Promptly at 0 clock last night a very
pretty but quiet wedding took place at the
parsonage OF Rev. Richard Norris, pastor
of the Center Street M. E. church. Rob
ert Perry and Miss May Paul. daughter of
Mr.. Paul, proprietor of the Cumberland