The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-14

The New1crt News building Compeny, duly
incornorated under the laws OF the state or N1r-
linio. has secured three hundred beautiful
residence lots 20 Newport News for the purpose
of erecting buildings thereon aud otheI"l7e 4M-
proving tho property.
FINANCIAL PLAN.
The financial plan Of the company Is as fol-
lows. he capital stock * 70 be Hot-VfN; ul-
Yided into shares OF 800 each, Onder ne cbai-
ter. when go per share slall nave peen pslu OH.
each share OF stOca. DO further assessments VII,
De made. and full-pald certificates Will De issued
to the holders thereof.
The payment for stock are TO be as follows:
$500 per share upon date of Subscriptions
$500 per share I'm one month.
$500 per sha I'm two months
5000 per share In three months.
5000 per share I'm four months.
5000 yer sl a-e IN six months.
$500 per share In eight months.
$500 p|ersharo IN ten months.
s5OITer share lu twelve months.
$500 per share lu fourteen months.
$500 per share I'm sixteen months.
$500 per share iu eighteen months.
Building COMPANIES dong business upon thiS
plan have paid DIVIDENDS ranging from 10
.U nor CONF. Der annuu. II ls confidently Dee
loved that with the superior advantages pos
sessel by this companylt can 10 equally as
"'"' REDEMPTION OF STOCK.
Stock. when fullypaid in aceor auce with this
prospectus. viii ue received hy the company IN
payment for houses or lots at 60 per share.
being a premium of - per share over cost OF
HISTORY AND SITUATION.
Newport News Is tho deep-water terminus OF
tho Chesapeake and ONO la way system,
which. after cutting througha llch agricultural
-ectlon. ucnotrates great and developing MIN
eraI l~orflons of Virginia and West Virginia. dl-
ViIe- the immense coal belt OF the AFTER state.
and counccfs with q TamlicGIO or transpOrto-
ton lines extending 10 the northwest lue ''ili
or Mexico and tine PACING slope. IL Is the couu-
vseaf of Warwick county. the centre on an ear
~ trucking region. a natural port on hampton
I0ads, and a uarHor ol f,Iu-e luAl NoUt hotI
the uayie, of the world. Its Ee0graphlctl -ltua-
lion is such that its waters never freeze. YET 10
is far enough north 20 escape the epldelnlcs 10
which tle more southern ports are Na1le, ana
close enough TO the Gun stream To- lave IT'S
afm0..nrre tempered I'm the most rigorous
weather. thus giving IL q commercial AMI resl-
Dental advantage of great moment winter and
summer.
POPULATION.
Although lut little over a decade OLD, New
port Nrws has population or nearly, eight
thousand souls. who constitute @ most slhstau-
trlant q permal o. clilIei,shlp; DO mas lts
hotels. its schools, .anhs' It's cnuttAtS jus uthe-
friaI orders. o. well-OrganlZed military COM
raur. ID thriving retail trade ana Othcr
features such as arc I9lnd uslaI3 IN Hllcl
O..er communities. Inc cltf, alsp
provided with electric lights ami street car
lines. and there is now IN progress or construc-
flnn p reservoir which VIII supply 10 from living
SPRINGS with am abundance OF water lOr drink.
in. rni domestic purposes. 10 mas formed
wifhn f..elf a conservative society such az i
iu.oparaDio from @ people who desire Down
tL.r own homes. and has thereby removed tho
cLief objection 10 new towus-that which comes
nom q ioatIug population.
ENTERPRISES.
Aside from the great wharyes and piers, tho
oan elevator and the yards OF the Ohesa-
r.ak0 and Ohio. which give employment 20 an
army ~ men. and IN addition TO It's immense
thinning interests. giving burden 70 steamship
.lnt. 10 tle South, the East. Brazil ana az me
-ron.aflaufc ports. there is az Newport News
r.n-t drr-doek and shiD-buildlng plant IN
.ha world. That this enterprise. is not an eH-
pertinent is demonstrated by, the tact that
.atrro authoriling an increase Of tho capital
NEWPORT NEWS b