The times. [volume] (Richmond, Va.) 1890-1903, 1892-01-15
THE NEWPORT NEWS BUILDING COM
PANN.
Authorized Capital s5oO,Ooo-shares 500
Each.

Authorized Capital &JOOiOOO-ohafes CIV"
Each.
The officers of the company are:
A. S. Buford. Richmond. a.. president
John Il. Montague, Richmond Va, wee
samuel S. Elan. Richmond. Va. secretary.
George A. Schmelz Newport News Va
I.P. Routt. Richmond, Va. general agent.
BOARD OF DIRECTORS.
A. s. Buford Richmond. Va. ex-president
Richmond and Danvllle railroad 60.
John Ii. Montague. Richmond a.. pIesi-
dent Merchants and Planters Savings Bank.
4. A. Cathn. Richmond, Va, president &c
cunty Savings Bank ~
W. G. seldom, Baltimore Md. OF W. Z.
Seldom a. Co.. Bankers and Brokers.
Hon. George ID. Wise. Richmond. Va, Mem
Der of Congress Third Congressional district
George 4. Schmelz. Newport News, Va Of
Schmez Brothers. Bankers
G. NJ. BmxtOn. Newport news, Va, VICE
president irst National Bank.
THENrwpoRr NEWS BUILDING COMPANY.
The Newport News Building Company.
duly incorporated under the laws OF tAe
State of Virginia. Las secured three hun
dred beautiful residence lots at Newport
News fol the purpose of erecting buildings
+ thereon and otherwise improving the prop
erty.
FINANCIAL PLAN.
The financial plan Of the company is as
follows. The capital stock is TO De t0lO, UO,
/ q Yiied into shares of $ TOO each. ndef the
charter. when 400 per share shall have been
/ paid IN each share of stock, no further ssae g.
/ ments Will be made and ull-pald certificates
Will be issued to the holders thereof.
/ The payments for stock are TO be as fol-
/ lows
S5 per share upon date Of subscription
Is per share ia one month.
50 per share in two months.
% per share in three months.
| IS per share in four months.
! So per share 10 SIX months.
ID per LaTe IN eight months.
81 per share N ten months.
per share IN twelve months.
( 3 per share IN fourteen months.
/ ; b per share IN sixteen months.
S. per share ia eighteen months.
! Building companies doing business upon
/ this plan have paid dividends ranging from
/ H. % 20 Ter cent per annum. IL is conf
/ IDENTITY believed that with the superior ad-
yantases possessed by tnis company 1t can
| do equally as well.
REDEMPTION OF srOcK.
Stock. when fully paid in accordance with
! this prospectus viii lie received by the COM
pany III payment for houses or lots 81 30
per share, being a premium OF 50 per share
over cost of same.
BEAUTIFUL LOCATION.
The companys property lies very near New.
port News and between Newport News and
| Hamilton The Chesapeake and Ohio rail-
WAY runs near II ami the electric line CON
[ Meeting export News Hampton and cid
/ Point places 10 within few minutes ride Of
| the business centre of the former city. No
lot Will be over five blocks from the electric
/ line. very I mmanGs a view o. Hamp-
! ton Roads and il can he honestly said that
no property in the Newport News section Is
more desirable or residence purposes lor 1T
is RI hit IN the line of all the valuable and
| fashionable development which Is now
attracting 50 much attention
WONDERFUL DEVELOPMENT.
When IL is remembered that the growth Of
| Newport News Is rapid and substantial ut has
now population OF about s0OOe that the
wages paid here are better than ia almost any
city IN the country that the finest dry-dOck
and shlp-buldlng works II the world are
here that great number OF other important
industries are IL operstI n. and that others
are projected; that a high class Of skilled
workmen Ind ready employment and that
sue workmen are coming IN by hundreds
that one of the greatest trunk lines in the
United states has its deep-water terminus
here that Northern and foreign capital is
/ P'u'AHS INTO lnis octtl II Dy tue mAlOn, IL Is
not surprising that the real estate business
and the building trades IRE more active here
than IN any other new city in the country
DEMAND FOR HOUSES.
A lively demand for new houses and tho
phenomenal success of building companies
are among the causes tina, brought about the
organization OF this company.
he property o. the company has been Sc
cured at a comparatively low iigure-the
prices having beea sgreed upon before tho re-.