The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-04-23
Stockholders Meeting of the Clifton
Forge Company-A Coed
Showing.

Showing.
The stockholders of the Clifton Forge
Company met in Clifton Forge on the
10th in annual session Hon. Edward
Echols was chosen presiding officer OF
the meeting, and Capt. Lewis Hartman
acted rs Secretary. Of the 1900 shares
OF the capital stock Of the company over
5000 were represented, either in person or
by proxy. The report OF the General
Manager TO the Board, and by the Board
to the company, was read, showing the
company to be in a healthy financial
condition, as will be seen by an exams
nation of the report which will be found
below.
w. III. Mccormick having declined
re election rs President of the company,
E. NJ. Nettleton, 1st Vice President, was
unanimously chosen President for the
ensuing year: James A. Frazier, OF Cllf>
ton Forge, 1st Vices President, and John
D. Crowle, I'd Vice President. =. ii.
Trout was reelected Treasurer, and
Lewis Hartman, General Manager and
Secretary James A. Frazier, John d.
Crowle, j. G. SchefTer, p l.. YarbronSir
| and W. S. Hoge, the latter OF Washing
ton. were elected the Executive Com
mittee.
Il resolution was adopted, providing
for receiving the stock of the company
at 1926 per share of 800 for the last
payments of lots sold by the company
hereafter, if in the opinion of the board
of directors it should be deemed Tor the
best interests of the company it should
be done.
There was large representation OF
the individual stockholders, and the
proceedings of the meeting we're har-
monious. A general feeling of conf
dance in the future of Clifton Forge and
the Clifton Forge Company was mani
tested as a result of the showing OF the
report of its condition of the company
presented.
The following gentlemen constitute
the board of directors for the ensuing
year:
E. NJ. Nettleton, President; James A.
Frazier, list Vice President; John d.
Crowle, Cd Vice President: p. II. Trout,
Treasurer; S. NJ. Yost, S. Brown Allen,
| Charles Curry, j. c. Seheffer, p. l.. Var
broueh, and w. s. Hoge. The latter
two are new directors in place of w. ii.
Mccormick and John McQuaide, who
declined reelection.
] The property of the Company, We
| think, is very moderately estimated by
the Intelligent real estate men who made
a report on it, We feel confident that
as the season of activity fairly opens,
this opinion will be verified by practl.
cal results Altogether the condition of
the company, AS reflected In the report
of it's management, is assuring, and
gives promise that the stockholders will
be amply repaid for their investments,
by the exercise of little patience and
that business sense which ought to gov
ern in all such enterprises.
10 the Board of Directors al he Clifton Force TO-;
GENTLEMEN: respectfully 2lbmit the follow
ing financial statement of the Clifton Forge Co,
and beg to call your attention to the annexed
certificate Of the committee of the
Real Estate Exchange, who carefully estl-
mated the value of unsold lots and other prop
erty belonging to the Company.
| Respectfully yours,
LEWIS HARTMAN,
/ April 10, 1891. gea. ana Gen, manager.
Le,pjs Harman. Esq, General Manager Clifton
Forge Co, Clifton Forge, Fd;
| DEAR SIR: We, the undersigned committee
of the Real Estate Exchange of Clifton Forge
va have this day carefully estimated the value
of the unsold lots and other town property,
mineral lands etc, of the Clifton Forge Co, and
| place the value IF the same at $j6o,s45
Very respaotfuiia,
Signed r. l.. YARBR0HGH.
W. G. HAMILTON
w. r. TALLEY.