Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1891-06-24

ITO 10. NoctLoIIsrs OF the Chqu,si0,ra JI1,-
m1, Hnnfac'uiH1 oad improvement Cou-
Pg-
The Board of Directors of your Company
submit herewith heir first annual report:
When the books OF subscription were
closed on the 1stof November last, the Of
6ccrs of the Company eXerted themselves TO
locate here such plants as gave promise OF
profitable employment 90 skilled labor. \
Brass Works was secured, and large and
convenient buildings erected in January
and February I'm March the works were
put into operation with % considerable force
of hands, which was gradually added 90 un-
ul now SD OF 6) men have constant employ
meut
About the same time q contract was made
fortherem0yal OF the harness establishment
of A. ID. G0e,z of Nartiusburg, Pa. A
brick building, 30xl70 feet, is now In course
of construction To- accommodate this factory.
lt viii be completed by September LIST, and
will be occupied by 40 90 go hands.
A Glove Factory 90 give employment TO
40 OF SD hands, was also secured and Is now
in active operation
The Vulcan Road Machine Works, hay
ing Increased it's capital 10y large subscrip-
lions t0 its stock, engaged to move their
plant 90 this place by July -. Two build
iurs. 40N200 feet are now being erected for
their use.
An agreement was made with the Farrin
Boiler Works of Martiusburg, w. Va, 90
locate here They expect TO be ready 90
occupy the shop, now being erected for
| them by July ID.
Two Brick Works were organized and axe
both making brick of excellent quality.
10 supply the need of houses for the OPP
eratiyes contract was made with two re-
sn0usib,e Building Companies for the cree
ton of dwellings These companies have
| been actively at work for several months
and have erected and have iu course of con-
s.ruction twelve dwellings and two store
I houses. Nine houses have been built by
your company for the same purpose
/ Tempted by the promise of romuuerative
returns. % houses or more viii be built at
once bv stockholders of the company.
A large hotel, having 100 rooms, is being
\ erected bv The company on an emineuce af-
/ 6riiur view of the beautiful country sur
rounding Charles,0wn. This building will
I be imposing in appearance, and supplied
]
/ buildin~ of stone and brick, designed for
Office, for the company and for rental to
others IS approaching completion on q site
near the hotel A belt road thorough In its
construction. one mile I'M length, is nearly
\ c0mpletcd. This road connects the Norfolk
and Western and Baltimore and Ohio Rail-
roads. and along This line the plants are be-
/ in- located Several of the streets have
/ been graded. and Mildred street macadam-
| lied almost itsentireleDgth Companies have
/ been organized 90 establish an electric light
plant and to put in a street railway. A dis
/ position On locate here has been manifested
I by many plants and negotiations are now
pending with several desirable works Co re-
move ,0 this point An Iron and Furnace
| Company has been chartered with an aU-
thorircd capital of one million dollars.
Valuable leases and options acquired by
this Company ON iron ore property are still
| held bv it and can be utilized in the manu-
facura OF pig-iron whenever it may be
| deemed advisable and profitable The at
tentior of the Stockholders Is invited % the
accompanying report of Che Secretary and
Treasurer. giving the financial condition of
the Company. It's assets and liabilities. The
valuation 0f the re3. estate now owned by
the Company was made ON a conservative
ba.i. and E, may BE wen 90 add that the
lots distributed to the Stockholders at q
very .0w estimate have q value far In eX-
cess of The subscriptions Co the capital stock
of ,hi, Company Respectfully submitted
r p. CHEW,
President