Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1889-01-18
FRIDAY MORNING. JAN. IS. 1859
SMALL BEGINNINGS THE
REST


have very little money not in my bust
ness, and when man comes to me to
throw hundred dollars into pot with
the lid on, I don't feel like doing it.
don't feel like betting that amount on a
i horse | never saw run, and don't know
whether he can run. I don't want to put
that amount in trade that is of course
not my own, with which I am familiar;
that don't understand anything about;
that must be managed by man that prob
ably will be stranger to me. and which,
even if it were started and went into the
shop wouldn't know whether it was being
we'll managed or not. If the shares were
small, it would be different. I wouldn't
miss $40 or $25, but I am not giving
as much as hundred dollars for any man
to project with" That is good, sound
argument, and it is as old as it is good.
In other cities the small subscription plan
is being tried with success. In Lynchburg
few days ago, plan was started to raise
S25 900 to establish Zinc reducing works.
The shares were only -Four Dollars, and
the result was that they were taken by
everybody in the city and were all taken
before the week was out. In the same city
7 two weeks ago. the organization of Land
and Improvement Company-so something
the VINDIcAToR has repeatedly urged on
the Staunton people-Was undertaken. The
shares were put at $40, but which would
cost the shareholder only 81. The result
was that 5000 shares were subscribed. and
best of all, they were subscribed by all
citizens and not by capitalists alone. In
reading over the list of shareholders, we
/ see many names with only one share each,
and some with as many as five hundred
shares. What strikes US in the
/ list, more than anything else, Is the
community of feeling that appears among
all the people, white and colored. AS an
evidence we publish the names of the COL
ored subscribers to the company-J'homas
M. Taylor rs shares; c. E. Thompson 5;
M. G. Perry 5; Alex. Harris 5, and J. H.
Jackson 5. What is there, that Staunton
could not do, if there was this union, this
elbow touching in public enterprises
among her people? The plan of organiza-
tioE of the Lynchburg Land and Improve
ment Company is so good that we publish
it in full:
l. The name is to be the Lynchburg Land,
Improvement and Manufacturing Company
2. The capital stock to be not less than
100000 par value and as much more as may
be subscribed; with the usual proviso of furth-
er extension as circumstances may require.
3. The shares are to be of the par value of
$40 each; ST. per share to be paid this month;
81 four months hence; ST. eight months hence;
ST. twelve months hence; or in all 81 per
share when stock certificates for $40 will be
issued, full paid and unassessable.
4. The aims and general objects are set
forth in the appeal published by the commit
tee few days since, and are likewise en-
braced in the proposed charter herewith sub
mitted, which is as wide and comprehensive
as can possibly be desired.
5. The Board of Directors to consist of fif-
teen members SO as to have all classes of in
dustries represented
The aims and general objects are as fol-
lows.
1. To purchase and hold real and personal
property, and to SELL convey lease, or other
wise dispose of the same.
2. To borrow money and to issue its bonds
or notes for such loans and to secure the
same by mortgage, etc.
8. To subscribe to the capital stock of any
other joint stock company.
4. 70 build any mill, furnace, foundry, or
any other mandatory and by its agents and
employees to conduct the business thereof
b 5. TO conduct mercantile, insurance.
banking, or any other business which may be
largely conducted by any other person, wheth-
er natural or corporate.
And generally to build houses on its lands,
open streets, give sites for manufacturing en-
terprises, operate electric light works or to
do any other thing in connection with such
enterprises necessary for the profitable and
reasonable disposition of their products
That. it seems to us. is about the near
est to what may be called the spopular''
plan of organic alton that can be gotten.
We may conclude, for the present at
least, that no gigantic enterprise is likely
to be started in taunton--nothing at
least that our people as mass, as they did
In Lynchburg can give helping hand to
no 500 share ventures. But there are
some smaller ventures that can be made
successfully. at the Chamber of Com
merce the other night, Mr.. Charles E.
Haines, a practical man of business, sug-
gested that a glove factory here, with
small shares payable something on the
Building Association plan, could be start
ed. The plant would be about the mini
mum cost Of any plant that could be sug-
gested. He said it appealed to his judg-
ment both On the ground of cheapness
and on the widely distributed pay roll it
mas. La a neighboring Virginia town,
not as large as Stanton, the glove indus
try furnishes directly or Indirectly sup
port for 500 persons. The women and
young girls come to the factory, get
the materials, take them to their homes.
and there make the gloves and return
them to the factory. It is mode of EN-
ployment that reaches all classes of the
poor who need money. One result is.
said Mr.. Haines, that In that town there
is no outdoor poor relief by the city, for
none is needed.
We believe that If any live, we'll known
man will give few hours of his time to
canvassing Staunton for an enterprise
with cheap shares, he will get the stock
taken if be can show the people that it
possesses these features: That it will
bring mechanics here; that it will make
goods which are necessary and of easy sale.
and that it will be managed by competent
and reliable men who will take also
financial interest in it. We believe that
the union of large body of our people Oh
one enterprise, mo matter how small, would
beget that sort of community of endeavor
among all our people which is evinced in
Tvnobhuror and uhioh 10 ca I,to,.