Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-12
THIS RICHMOND hardware CO.

Q ccrposation organised under the laws Of tho
State Of Virginia, with capital Of e25o,ooo, In
tend soissus $4,000 Of PREFERRED STOCK,
which Win paye per cent. per annum, and win be
nrss lien on thu profits Of the business as well 40
on ne entire piant. This stock can be converted
into common stock any time inside Of one yeor
from May 1. 1901. but no. later.
lis expected that tho common stock win be
able to pay about 25 per cent. per snnum.
THE RICHMOND HARDWARE COMPANY
VIII move tho plant OF the Buffalo Locx-Manu-
iacturing Company, and viii erect large WORKS In
East Richmond at once. This will give employ
nent TO about 500 skilled mechanics, for whom
struction-
The business of manufacturing builders hard
ware was started In Connecticut about nffy years
ago and with iess than one dozen hands. To-Day
about ton factories are In operation. including
the Buffalo Lock- Manufsctlring Company, ana IN
the aggregate give employment TO about lo.ooV
hands. and IL constantly increasing In the NUM-
Der OF hands, but not Of factories, as u taxes
many years 70 start the business. all the pat
terms being made by hand. Ii Is, therefore, 10
one sense n monopoly, and as the trade OF AMER.
II Is an ABSOLUTELY safe and profitable one nor
has there been failure In this line Of business
IN the United States caused by the business "
self IN the nfty years that the trade has been
established.
Millions OF dollars have been and are being
made In the business now, and 1t Is Impossible
for all the factories to oil their orders promptly
Our reasons for removing TO Richmond are that
OF s2 which eapsD item
capital
But in addition to the saving on .pig-iron, We
can also save largely In tho items OF labor, lun-
n nj cot, mt
without being prevented by climatic changes
Again The shipping facilities In Richmond
are unsurpassed. and as our foreign trade Is
large we can ship direct from our factories IN
out changing bulk.
Again Mechanics can live cheaper and save
more money in RichmoAl than they can posi-.
bly, do in the North. and as our mechanics wiz
own their own homes IL will enable East Rich
mond 10 have q good class Of people, rs our busi-
ness alone win add 20 tho population about 1000
people, and as We expect TO Increase our force 70
1000 or 1900 hands In a short time, most OF
them being skilled laborers from the North, IL
win help 10 make East Richmond very desirn-
bic place for investment, and In our Judgment
VIII pay the investors very large dividend on
the Investments Worry large sums are being
made In inland towns, and we see no reason why
port Of entry like Richmond should not do at
least - well and better.
The stock Of THE RICHMOND HARDWAhs
COMPANY is issued In shares OF 800 each, and
will be sold at par. Interest will commence
from May LIST, and subscriptions viii be received
by the undersigned at their Offices In Richmond
any time till then, but not later, and the stock
will be issued on and after that date. Interest
at the rate Of per cent will be paid, FREQ OF all
taxes, semi-annually at tho office OF the COM
pany. "
RICHMOND MISUNDERSTANDING
TURING COMPANY,
No. $40 east Main street.
D. II. FITZGERALD, President.
Messrs. MONTAGUE & CO., e23 Main street,
will receive subscriptions to tho stock Of the COM
pany.