The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1890-09-03
BOOM! BOOM!
THE JOYFUL NEWS or DUR
HAMS BRIGHTER DAY.

A Million Dollar Corporation
A Fifty ThOusOnd Dollar HO-
E tel--Mills, Factories, Churche s
and SchOOls---Six Hundred
Thousand Dollars for Improve
ments.
For several week. past, The Globe
has been itching to tel, ,ts readers
what 1t knows about the great boom
that isabout to he started in Durh m.
To day it has the pleasure of giving
its readers b!ief outline of what
they may count on to take pace as
soon as human energy and enterprise
can put the wheels ia motion.
70 begin with, The Durham Con.
solmated Land AID Improvement
Company was organized in this city
to-day, with one million dollars cap.
ital TIE officers are: President,
J. 8. Carr. president Of the Blackwell
Tobacco Company; vice president, A.
B. Andrews, second vic :>president
of the Richmond and Danvills rail-
road; secretary and treasurer, r. H
Wright. wealthy and prosperous
man who has bulls himself from the
ground up; general manage, John
Yancey, Jr., an experienced and sue
cessful operator in real estate.
The Consolidated Company has
bought the lanhs OF The Durham
Land aud Security Company. 300
acres; The W,st Durham Land Com
pany. $50 acres; The Enterprise
Land and Trust Company, 2l5 acres
In all, S0l acres ofland lyingpart-
ly within and partly without the city
hmit4, on the east, west and south
sides of the city.
The company will also operate
street cars, and extend the llnes 10
all poiuls Ii, cessary for the couysn.
,~uce of tie public. II will also build
telegraph and te'ephoi lines To ID.
various propertie, and establish sys-
tsm 81 water works on their lands.
Eu:ou: agemrnt and actual assis-
tanes will be given to manufacturers
no wish to remove to Durham aud
es ablish their plants On the lands Of
the company. Sites will be donated
and such other assistance given as
may bs necesssry TO attract manu-.
faclurers from other places where the
facill;ies for operating are not as
good as they are here.
The company will a. soon as pos
sible, erect extensive manufacturing
establishments on each OF It's three
tracts, aud in addition thereto will
e Get hotels, churches, schools, and
Y. n. U. A. building, for the con.
yenience, education, religion and
morality Of the operatives and others
who will reside in the neiEhborhood
of the factories. Among the enter
prises projected are one or two COT
: n mills, q knitting mill, plug toe
bscco factory. q roller nour mill and
warehouse.
AT convenient and conspicuous
points in the city, the company will
erect a modern hotel at cost Of $50
600 and Y. NJ. G. A. buildipg at a
cost Of $4,000. These and other
contemplated improvements will re-
auire an outlay Of 5000, 900. and will
b. completed within eighteen months
from this date.
A. application for letters Of incOr~
pcra,i u was flied to day in the Office
o. the clerk Of the superior court.
4 prospectus is in course Of prepar.
al n. aud will b. issued very soon.
Eight Surveyors are now engaged in
plats and maps. The gene
erai manager will be here next Mons
day to take charge Of operations.
Expert real estate operators have
been engaged TO travel for the com.
pany. Other preparations are now
going forward rapidly. By the frs.
Of October. all will be in readiness
for selling lots.