The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-09-02

tories, Churches and SchooIs--S;,
Hundred thousand Dollars for In.
prOvcments.
Durham Globe)
For several weeks past, The Globe has
been itching to tell its readers what it
knows about the great boom that is
| about to be started in Durham. To-day
i has the pleasure Of giving its readers
brief outline Of what they may count
on to take place as soon as human en-
ergy and enterprise can put the wheels
III notion
To begin with, the Durham Consoli-
dated Land and Improvement company
was organized in this city to-day with
one million dollars capital The officers
are President, J. 5. Carr, president Of
the Blackwell Tobacco company, vice
president, a. B. Andrews, second vice
president Of the Richmond 4 Danyille
railroad; Secretary and treasurer, r. h.
Wright, a wealty and prosperous man
who has built himself from the ground
up; general manager, John Yancey, Jr.,
an experienced and successful operator
III real estate.
The Consolidated Company has bought
the lands OF The Durham Land and Sc
curity Company, 300 acres: The West
Durham Land Company, $50 acres; The
Enterprise Land and Trust Company,
215 acres. In all, SIS acres Of land "
ing partly within and partly without the
city limits, on the east side, west and
south sides of the CITY,
The pOpon9nu will alcO 0,,arota cIraat
cars, and extend the lines to all points
necessary for the convenience Of the
public. It will also build telegraph and
telephone lines to its various properties,
and establish system of water works on
| their lands.
Encouragement and actual assistance
will be given to manufacturers who wish
to remove to Durham and establish their
plants on the lands Of the company.
Sites will be donated and such other as
sistance given as may be necessary 10
attract manufacturers from other places
where the facilities ior operating are not
as good as they are here.
The company will, as soon as possible,
erect extensive manufacturing establish
ments on each of its three tracts, and
in addition thereto will erect hotels,
churches, schools and Y. NJ. G.. A. build
ings for the convenience, education, re-
ligIon and morality Of the operatives
and others who will reside in the neigh
borhood Of the factories. Among the
enterprises projected are one or two cot
ton factory, knitting MILL plug To-
bacco factory, roller flour mill and a
storage warehouse.
At convenient and conspicuous points
IL the city, the company will erect a
modern hotel at cost of $50, 900 and a
Y. NJ. G. A. building at a cost of S25 900.
There and other contemplated improv-
ments will require an outlay Of 5000, ,OO(
and will be completed within eighteen
months from this date.
An application for letters Of incorpo
ration was filed to day in the Office d
. the clerk Of the superior court. A pros
pectus is in course Of preparation, and
will be issued very soon. Eight survey
or5 are now engaged in preparing plat,
and maps. The general managers Will b
here next Monday 10 take charge Of opera
tions. Expert real estate operators hav
t been engaged to travel for the company
: Other preparations are now going for
| ward rapidly. BY the first Of October
5 all will be in readiness for selling lots.