The times. [volume] (Richmond, Va.) 1890-1903, 1891-04-09

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shares of per cent. Cumulative preferred
stock. 200 shares Of General common stock.
Par value of all shares 10000. All shares Is
sued will be full-pad stock.
ORGANIZATION.
This company is Incorporated under tho
laws of the State Of Virginia. which laws are
very liberal As will be seen on examination OF
them, with no personal liability 10 stockhold-
ers. and is formed to take over and carry on
the business of manufacturing sewing ma
chimes and supplies as hitherto manufactured
by the New York Sewing Machine and Manu-
featuring Company OF New FORK.
TIL PLANT.
The plant to consist of buildings IA followsi
Main building 20 be 4O0x60 feet with an Il
oOOX6O feet: boiler and engine house iOx36 feet,
with smoke-stack Of sufficient height.
Also one detached building s0x60 feet for
iapanning and ornamenting with Japan o"ens.
All the buildings are 10 be one story bigh,
except sixty feet of main building at one end,
which will be two stories. to be used for office,
stock room and board room.
Building 70 he erected on plat OF four
acres Of land centrally located, and close 70
railroad in East Richmond; owned by the Per
petual Investment, Construction and Deposit
Company and to be constructed OF brick and
stone.
The main building to be occupied by ma
chnery capable of completing fifty machines
per day. The J. will be used for foundry pur-
poses.
OPERATION AND CAPACITY.
The works 10 start up with seventy-fve
hands which number will be increased 20
two hundred or two hundred and fifty shortly
thereafter.
The payroll will average $4,000 per month:
There will be at least twenty houses required
immediately for families OF the workmen.
arE mo- m IL "a
of the highest grade. fully covered by letters
patent Royalties now received from other
companies are source Of large revenue
Products for the first two years cannot be
less than 20 900 machines or an average OF
thirty-three machines per day.
SAFE NATURE or THE BUSINESS.
All our machines are sold for cash at the
low popular price, thus avoiding bad debts
and competition.
The business can and will be extended TO
very large proportions. and will be great
benefit 20 Richmond. and especially TO East
Richmond. increasing the population and
circulating great deal Of money among the
citizens
Nearly all our mechanics are skilled work
men, and must be sober and industrious;
hence they will prove very desirable acqui.
sltlon 10 the city Of Richmond.
The following are the officers:
President, Smith NJ. Weed; Vice-President,
Thomas l.. Blanton. Secretary and Treasurer,
l.. NJ. Blantou; Directors. Frank A. Wilkn-
son of the firm Of Wilkinson, Geddis 4 Co.,
Newark. n. j.; Hon. Smith NJ. Weed, Of
Pattsburg. ~ Y; James Hall, of New York;
Thomas l.. Blanton, l.. NJ. Blanton, OF Rich
mond, Va.
The buildings for the above factory are now
In course Of construction. The plans and
specifications can be seen at office named
below. Eighty thousand dollars Of preferred
stock III above company is now offered TO
Richmond people. subscriptions will be re-
ceyed by Mr.. J.. VI. Blanton and David w.
Renhart. general manager Perpetual Invest
ment, Construction and Development Com;
pany. SO east main street. Mr.. Reinhart will
also furnish all information. A sample ma
chine can be seen at the above Office.