The times. [volume] (Richmond, Va.) 1890-1903, 1891-07-07
THE GORDON LAND COMPANY.
! Full Report Of The Committee Of lnYest'
CATION.
THE TINES ARTICLE is VERIFIED.
Numerous Facts and Figures in Regard TO
the Condition OF Its Affairs-The Names
Of Those Interested

TIL. full text Of the report of the committee
Amounted at recent meeting OF the dissatis-
fed stockholders of the Gordon Land Com
pany to investigate the affairs OF the company.
ia given below. This report comes direct
from the committee. as do the statements pre-
cedine and following it. and both the state
mants and the report are over the
signatures of the members Of the CON-
mittee. They show the condition OF
affairs exactly as they exist and prove the alb
solute correctness of the article contained
some time since in The TINES. all other state
ments TO the contrary Notwithstanding. In
their statement the committee say:
In Saturdays Dispatch an article appeared,
an Official Utterance," emsnating from the
board OF directors Of the Gordon Land CON-
pany.
In this article the directors undertake TO
criticse the work of a committee sent TO Cor
donsyiIls by the Richmond stockholders for
the purpose of investigating the AFFAIRS OF
that company This criticism seems out OF
place when il is remembered that In the hrst
part Of their Official Utterance' they, dis
tinctly state that they have not been apie 20
get hold Of" the report. But Tor the Denent
Richmond we will say that this committee
was appointed by the chairman OF that meet,
ing. who is large investor in and TREND OF
the company. The committee nOtined MI.
N. w. Bowe, the supposed president, OF tnelr
coming. visited Gordonsyille went over the
main or business part OF the proposed CITY,
spent about five hours in examining the con,
dition of the company returned TO richmond
ard made statement of facts without ex-
pressing an opinion. These tdctS uere ttr:
nished by ne directors of ne company. ana II
giving item publicity hurts these promoters can
Blame no one but themselves. We give the re-
port in full-nGmely:
COMMITTEES REPORT.
To the Stockholders Of the Gordon Land
Company:
entlemen.-Th undersigned committee,
appointed by your body on Monday last with
Instructions TO investigate and report the con-
dition Of the Gordon Land Company, SUD-
mits the following report:
On Wednesday the 18th instant we visited
Gordonsyille. and were received by the local
officers of the company. and after examining
the property the officers expressed willing
ness TO give us any information within their
knowledge. and to assist us IN any way IN ar
irving at all the facts connected with the or
eanization end management Of the company.
Your committee thereupon proceeded TO
obtain from these several officers the facts
now set out in this report-namely
The company was organized on the 18th
day of September 1890 under a charter fixing
the minimum capital at 5000 and maximum
at $3.50. O00 with the following officers: n. w.
Bowe, president; w /. Fleming. first vice
president; w l.. Walters. JT., second vice
president II. L. Hoover, manager; Il, II.
Stratton, treasurer: G. b. Linney, secretary;
- Braxton. attorney; J. A. Cooke, George
c. Walters, p. =. Barbour j. b. Bland, G. G.
Thompson, William II. wager.
ONE SHARE EACH.
The gentlemen subscribing for one share
each of stock, upon which they paid five dol
lars per share, or sxty-fye dollars for the tbir-
teen parties After this subscription was made,
these stockholders entered into contract
with one G. h. Linney, one Of the above
paI ties, agreeing to buy from said Lnney-
tinney styling himself as trustee, the
officers stating that he was trustee for the
above gentlemen-certain land TO the amount
of S296. 914 10. of which sum S16G.9l4 was said
to have been the cost of the land. and the
$3.50. 600 the amount TO balance. was the
amount 10 he divided among the thirteen pro-
moter: or in other words. the promoters were
u have 10000 apiece the same to be paid in
stock or bonds of the company as they might
elect: thereupon the said promoters elected
10 receive in stock the amount OF stock set
opposite their respective names to-wit: