The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1890-08-15
9DR BUILDING C0MPANA
KEYNOTE TO THE DUSrDfNG OF

Ma ! =
a. The folis spestassc .the Big
Stone Gay iiding and Investment Com
Ispanyy has bean printed in a neat pam
phIots form for distribution.
No movement has y8t been set on foot
hero which will do rs much solid, practical
good for sha, buildingnpo Of tho future city
as this one, 1t Is tho true keynote to the
plainly which tho town must grow. 1t is
in the hands of the right set of mon, and
thore is no doubt their plans will be sue
cessfnlly carried out. There are a few
thousand dollars of the stock yet untaken,
andtho company has completed its arrang-
emcnts to begin active work as soon as the
minimum amount Of stock has been sub
scribed.
There is no safer or more profitable
investment for. capital in this section.
With alt the Inducements offered by the
land companies as basis for investments,
it is a practical certainty
pRospEcTrs or THE prG STONE GAP IMPROVE
NEST AND INVESTMENT co.
r. T. Iryi &c, President; R. A. Ayers, F..
IP. Bryan;5 =. Goodloe, E. NJ. Hardin, w.
E. Addison and H. E. Fox, directors.
Authorized capital, 100000.
PURPOSES OF THE oReASIzAToN.
AS it's name ind ties, this company was
formed for the two fold purpose of an in
I.vcstmcnt for capital, safe and profitable,
and to attain this end by eansof building
ut Big Stone Gap The class of buildings
more immediately contemplated, because
for this class there is the most crying de-
mand, and in it, under all circumstances,
the greatest profit, is homes for laboring
men of the better class, mechanics, arti-
sans and skilled workers in iron and steel;
men who regularly draw good pay, and can
afford TO maintain their families in neat,
comfortable and attractive cottages. In
the further working out of their plans the
company may embrace other classes of
buildings, it being the steadfast purpose
of those who will direct the affairs of the
company to enhance the value of the stock
always, by supplying such demands as will
pay large profits in doing so. These
houses the company will rent, lease or sell,
either on the usual terms, or, if it can DO
made to pay them better, on the install
ment plan, TO tenants or others.
1t is proposed to build within the next
twelve months not less than two hundred
and fifty, and if possible five hundred
houses of this class, at Il cost each varying
from $4OO to $780,
PLAN OF THE ORGANIZATION AND PERSONNEL
OF THE OFFICERS.
The charter gives ample scope for car
rying out the ends outlined above. 1t
fixes the minimum capital stock Mt $780,
coo, providing that tho stockholders may
at any time increase this amount to any
sum not to exceed 100000. The capital
stock is divided into shares of the par
value of 800 each. The liability of any
stakeholder is limited to the amount due
and unpaid on the shares he has sub
seribed for.
The stock is to BE paid on the call of
the board of directors, in amounts not to
exceed 25 per cent. at any time within one
month from the date of subscription, or
any time thereafter, and not more than
Is per cent. per month subsequently.
The charter names the officers for the
first year as follows: President, R. I.
Irwin: directors, r. A. Ayres, E. P. Bryan,
H. E. Fox, J. NJ. Goodloc, w. E. Addison
and E. M. Hardin.
This selection OF offlcers has, as fur as Is
known, given entire satisfaction to those
in a position best to Judge. They are all
largely interested financially in building
up the city, and will devote time and en-
ergy to this enterprise.
INDUCEMENTS OFFERED BY THE LAND CONFINES
Recognizing the fact that the future of
Big Stone Gap rests upon the laboring
men for a foundation, and seeing the abso-
lutte necessity of furnishing them with
homes, the various land companies here
have readily agreed to offer to the Build
ing and Investment Company liberal in
ducements in the way of real estate, in
order to insure the carving out of their
plans: They have offered very desirable
lots at prices deemed nominal, not more
than from one-half to one fourth the
market value of the property, and in some
cases offering to donate them. They give
most liberal terms, also, asking no cash,