Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-18
RICHMOND, MANCHESTER, AND SUBURBS

businessmen as man Of wide range of
practical experience.
Mr.. l.. NJ. Banton, David w. Remnant,
snd ID. A. Kuyk are emInently qualified TO
direct the business of the company and
bring TO the task long business experience.
RICHMOND HARDWARE COMPANY.
The company will be known here rs the
Richmond Hardware Company, and IL will
move the plant of the Buffalo Lock-Manu-
featuring Company here, and they have
already selected site and commenced the
erection of works in East Richmond.
The company is a corporation organized
under the laws of the State of Virginia
with capital Of S250.0)0, and it intends TO
issue $4,000 of preferred stock, which will
paw per cent. per annum and will be
first lien on the profits of the entire plant.
This stock can be converted into common
stock any time inside of one year from
May 1, 1891, but not later. 1t is expected
that the common stock will be able to pay
about 25 per cent. per annum.
The company Will give employment TO
about 500 skilled mechanics, and tho intro
duction of these thrifty artisans will add
greatly to the strength of q self-sustaining
and reliable population. There are now
contracts out for the erection of 200 resi-
dences for these valuable acquisitions TO
our population, TO every one of whom
Richmond holds out hearty hand grasp
of welcome. The stock of the Richmond
Hardware Company Is issued IN shares OF
500 each, and may be sold a. par. Interest
will commence from the 1st day of Nav,
and subscriptions will be received at the
Richmond Office, $40 east Main street. At
any time up to that date interest Will be
pad. free of all taxes, semi-annuallya AT the
Office of the company above named.
ABOUT HARDWARE.
As there are only ten hardware firms in
the United States II may be said that there
is almost a monopoly in this line of trade,
but in no case IS this Extensively true. The
American hardware trade extends 70 every
portion of the globe. IL is absolutely safe
and profitable, and there never has been a
failure in this line of business, proclama-
ton, both bold, and proud. but literally
true, so far as the business itself Is con-
cerned. Again, il can with equal pride be
claimed that millions Of dollars have been
made in the United States by the conduct
of the usiness. For these good reasons
East Richmond and Richmond cs we'll is
TO be congratulated upon having within
its reach an enterprise so well calculated
10 add to her already growing strides as a
candidate for public favor in the manufac-
turing world.
The reason that there are not moro hard
enco Is found in the fact that TO make
the patterns necessary 20 be used con-
sumos long and tedious time. They
must of necessity all be fashioned by hand
and it consequently takes long time 70
perfect all arrangements aud get the bust
ness well under way. But when once
everything is in shIp-shape the sailing is
smooth and the trade is marvcllously pro-
fitable. Mr.. ID. III. Fitzgerald, who will
manage the plant here, after inspecting
fields in all the leading States in the South
selected Richmond for the reason that the
shipping facilities could not be beaten.
Mechanics can live cheaper in Richmond
than in almost any city in the Union. and
as the mechanics of the company will own
their own homes, il will enable East Rich
mond 10 nave a first-class population.
This will add greatly TO the interest that
the operatives will feel in local surround
ings and the prosperity of the company
employing them. 1t is estimated that this
company alone will in due course of time
add at least 1850 people TO the population
of East Richmond.
Truly both East Richmond and the Rich
mond Hardware Company are to be con-
graduated on their bright prospects.