Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1891-08-12
Statement 70 the Stockholders Of the
Charles T01rn Mining, MIRO d Int
prOrement Co.
CHARLES TowN, w. VA.
AUGUST l. 1891.

On the LNtn or June last PURSUANT ~ w
tice. the first annual meeting Of the Stock
holders Of the Company was held in the
Court House at this place. At that time
statement of the financial and general con-
dition Of the Company was submitted by the
President, a copy of which was mailed to
each stakeholder.
The directors we're gratifed at the hearty
approval Of their efforts by the Stockhold-
ers, which was expressed in the following
resolutions
The foregoing reports Of the Board Of Di-
rectors aud Treasurer of this Company hav-
ing been submitted to the Stockholders at
this meeting, on motion it was
Resolred. That the action of the Board Of
Directors and Treasurer of this Company
in an matters set out in the report, and in
makinga and executing the contracts that have
been made with various parties by this Com
| pany. and also submitted to the considera-
/ ton of the Stockholders, aud contained IN
the minutes Of the Board of Directors and
the executive Committee Of said Board, be,
and the same are hereby ratified and con-
/ hrmed.
Rcsolred. That this meeting vote its hearty
/ thanks 10 the management of the Company
for the ability and skill with which it has
managed the affairs of this Company.
The following Board of Directors was
elected for the ensuing year:
Judge Frank Beckwith, Forrest w. Brown,
Richard A. Alexander, Henry II. Cooke,
/ Col r. Preston Chew, CharlestOwn, w. Va;
j. Gust Zook, Lancaster, Pa. George Ad-
ans, Wheeling, w. Va; Charles Becker,
Baltimore. Nd; DR.. W. f. Lippitt Gustav
/ Brown, Joseph Trapnell. b. c. Washington,
| Charlestown, W. Va. L. f. HiginbOtham,
Brownsville Pa.
The Directors elected the following Off
GERS
Col. r. Preston Chew, President; Joseph
/ Trapnell, Vice-President B. Q. Washing
ton, General Manager; John Portertield,
| Treasurer; :. Lee Phillips, Secretary.
Executive Committee-R. P. Chew, F..
W. Brown, II. H. Cooke, B. G. Washington
and Frank Beckwith.
The sale Of lots which came off on the 18th
and 10Th of May was the first important lot
sale of the season happening since the uni
versal financial depression. Notwithstand-
Ing the unfayorable times, it was largely at
tended by strangers from a distance, and it
has been pronounced the most successful
sale in the South this season.
The prices realized for lots were practi-
cable and conservative. The best proof of
this being the fact that large number Of
the purchasers, as well as those who drew
lots at the lot drawing, are building on their
lots residence aud business houses.
The Belt Line of Railroad, connecting the
Baltimore and Ohio and Norfolk and West
ern Railroads, has been completed. It is
frst-class in all particulars. Freights are
being hauled over it from both roads to the
manufactures established along its line and
side tracks are being extended from it into
the various yards.
On September 1st the Goetz Harness Fac
tory. the Boiler Works and the Vulcan Road
Machine Works will move into their build
ings now ready for them, aud will soon be-
gin active operations in their respective spe-
cialties.
The Glove Works are in operation, with
orders ahead and fine promise of success.
The Shenandoah Brass Works is contin-
ually adding to its working force. 1t has
orders far ahead, and is one of the finest
brass pipe fitting works in the United
States.
Industries of nearly every kind are con-
stantly euquiring for location here.
The Hotel Powhatan is well on the way
to completion, being bull, strictly according
TO the plans Of Messrs Baldwin & Penning-
ton, architects Hotel men, well posted,
pronounce it gem, and assure us it will
be "a great success.
A large number of houses are under con-
tract and in course of construction, present
/ ing a brisk and busy scene
We can say with confidence to the stock
holders Of this company that the whole en-
terprise is long ago passed from the expert
mental into the realistic state.
10 only requires you TO come and see for
yourself aud be convinced that rapid, but
solid and natural progress is being made all
along the lines Of this development
The new Charles Town has = good word
from an quarters, aud needs no boom adyer-
Using and "clap trap" The work is visi-
bic from two railroads, and speaks for it.
SELF
Ia order to give titles to lot purchasers,
the Company has been paying off the pur
chase bonds before they have fallen due.
Payment on stock assessments have been
well met by the subscribers. There are
comparatively few delinquents, and these
will be required to pay in full.
It viii be greatly to the interest of the
stockholders individually. as we'll as to the
Company, if they will frequently come here.
This is a stockholders company, and be
inc operated for their benefit, their visits
will encourage the managers, and they will
themselves gather renewed interest in the
enterprise.
Unquestionably, when the country re
covers from the present depression real es-
tate will be active at this place. The de-
yelopmeut here is assured and prices of lots