The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-06-05
The Grottoes Company.

The Grottoes Company.
The prospectus of 'sThe Grottoes Com
.pany" is out, and very neat and con
venient one it u.s. 1t contains clear
and minute statement of the advantages
of the Company and a full and Interest
ing description of its properties, which
number about sc, 600 acres, including the
famous Weyer and Fountain Caves, the
beautiful and commodious hotel at the
Grottoes, and the electric light system
which has been established for the use
of the hotel and the caverns. 1t is
lovely location and commands splendid
view of a stretch of the most attractive
and picturesque section in the far-famed
Valley of Virginia. The plan OF the
Company is practical. While the stock
is placed at SO, 100000, only $4,000 shares
are now placed on the market, and these
on such easy and favorable terms as to
assure ready sale and ultimate satisfac-
ton.
The par value of each share is 800, on
the following conditions: That is, at 500
per share, to be paid for 10 per cent, or
IS, at the time of making the subscrip-
ton, then the second amount Oh the
first day of each succeeding month, UNI
til the whole $50 is paid, making 1t pay
able, in equal instalments, in 10 months.
The subscriber to five shares OF stock
will pay $3.50 for them, par value $500.
He can subscribe for a lot, paying for it
800. The result will be that for $3.50
paid in he will have shares of stock,
par value $500. and a first class lot all
fully paid for. He can use stock in
making his Bird and 4th payments, since
the $50 due is u fractional part OF 800
The same rule will apply to 10, IS, or
as many shares of stock as the subscriber
may feel disposed to purchase.
The 5000 shares of stock sold will be
backed by %, 900 city lots, with an esti-
mated money value of 5000 each; the
Grottoes, embracing the caves, the hotels
park, the electric light plant, &C., SPLEEN
did water power, the Mt. Vernon Iron
Works property, consisting of about
%, 900 acres of mineral land in good
state of development, and a half million
dollars in the treasury for dividends and
development.
This is very good scheme, and we
are gratifed to learn, is being literally
encouraged by subscription.
Btaunton Improvement Company.
The prospectus of this company is
placed before the public and $4,000 of
its capital stock is offered for sale in
shares of $40 each. The officers are
Reeves Gait, President Capt. w. II.
| kable. Vice President; G. r. Caldwell,
Secretary and Treasurer, who, together
with J. Frank Wilson, E. 7. Dudley, W.
N. Wilson and W. H. Shut (Salem, Val,
constitute the Board of Directors. The
authorized capital is $500, 900 The whole
of the present issue Is 100000. The
company owns 400 acres of land lying
northeast of and adjacent to the corpo-
rate limits OF Staunton, touching the
b. & O. railroad ON the east and the
Valley pike on the north.
It is proposed to lay off. business and
binding lots, TO be disposed OF with thf
stock to establish industries and what
eyer elae may best improve the com
pany's property.
The lands of the company have been
acquired for 100000 of the company
full paid and non assessable stock. The
proceeds of the stock will be the general
assets of the company. except what is
needed to pay off the land Indebtedness.
The terms of payment are very easy and
attractive, being $1.00 per month pel
share until paid. A healthy and at
traetiye feature is mo sales OF
stock by the company shall be binding
until the whole "a. 900 shares held by 1t
shall have been sold. No call will be
made for the deferred instalments."
The purchaser of 10 shares of stock
seceiyes in addition to his stock, one lot
4Ox1s5. Sixty shares of stock carry 8
residence lots and 1 business lot. i4ota
will be distributed by drawing.
So soon as the stock is placed the com
pany will complete negotiations for sew
eral large industries.
M mortal Day, Monday, June 9th.
The ladies of the city are requested to
assemble at the 0'Connor building on
Augusta street, Saturday morning at 10
O'Clock, for the purpose Of making az
engagements to decorate the soldiers
graves, on Memorial Day. Monday, June
9Th Persons bringing in flowers will
deliver them at the Opera House from
tn H. on Monday morning. or at the