Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-06

The Newuor, News building Company. dniy
Incorporated nader The Laws o' Se state =,
giaia, has secured three nundreu oess ',r.. ~
eyecing buildings thereon and otAss We" '"'-
psoying the property.
FINANCIAL PLAN.
Tho financial plan OF tho company ~ SIS rs 'ss'
lows: The capital stock n 70 De eSvv.Vov, W
yiies Into shares of 400 escp. Under the omar
ter, whea eco per share snaii nave oeeu psu viii
each share Of stock. no further assessm eotr WIZ
be made, aud full-psid certificates VIII DO 'ssaed
10 the holders tbareoL .,,.
Tue payments for stock are 70 he as follows
$500 per share upon dass Of saosa'ipn""
$500 per share In enc month.
sb.00 per share In two months
$500 psr share I'm three months
$500 per snare In four months
sA.O0 per share Ia sir months
$500 per share IN eight months
$500 per SHARE IN ten months.
$500 per share in twelve months
5000 per share In fourteen months'
$500 per share In sixteen months
$500 per share In eighteen months
Building companies doing business upop rms
plan have paid dividends ranging from ~ e ~
per cent per annun. Il Ia confidently believed
that with the superior advantages possessed o!
this company It can do equally as wen.
REDEMPTION OF STOCK.
Stack, when fully paid IN accordance with this
urospec,us will bs recei sed by the company IN
payment for houses or lots st 800 per shsre,
being premium OF s5 per share over coss Oh
same.
HISTORY AND SITUATION.
Newport News IL the deep-water terminus OF
the Chesapeake and ohio Railway system when,
after cutting through a rich agricultural section
penetrates great and developing mineral hort
zoas OF virginia aud West Virginia. DIVIDES tno
Immense coal belt OF she latter state, ana con-
ne etc with a ramincaiion OF transportation hufs
extending 20 the Northwest, the Guf OF Mexico
and the Pacific slope. 10 Is the county soet ~
Warwick county, the centre OF an early ttucSlng
region. a natural port on Hampton ROADS, ana =
bsrbor OF refuge that would ioat the navies 81
the world. It's geographical situation ID such
mat it's waters never freeze. Yet Il y iar enough
north 10 escape the epidemics to when me more
southern ports are liable, and close enough 70
me Gulf Stream TO have its atmosphere tenn
pered In the most rigorous weather, mus giNlDS
is commercial and residential advantage III
great moment winter aud summer.
POPULATION.
Although bu, little oy0r decade old, Newport
News has population OF nearly eisht molaani
souls who constitute most substantial ana a per
naneat ctlzenehip. IL has It's hotels, NE scnoos,
hanks, It's churches. its bcnencial orueIs. Nei.-
organized military company, tbrlyhs .elau
trade, and other features snch as are ionhu osu-
aIly IN much Old or comm unities. The city u hiso
provided with electric lights sud streets ar lnes,
and there IA now in process Of construction a re-
servoir which Will supply IL from llying springs
with an abundance OF water Tor drinking ana 10
mestic nurposee II has formed within Itself
conservative society such a. Il inseparable from
n people who desire TO own thcir own homes, anu
hs. thereby retno,ed tho chiet objectiOn 90 new
tosns-tnai which conner from floating popu-
ENTERPRISES.
Aside from the great wharses aud piers the
gtain elevator aud tue yards OF tue OhesapoaAe
AMI ohio. which give employment 10 an army Of
men. and In addition 90 It's immense shipping
interest. giving burden 70 steamship lines To tho
South, the East Brazil, and 81 the transatlantic
DOH and shID- building plant In the world. mat
This enterprise II not an experiment Is demon-
strated by the fact that bin has Just passed inc
Virginia Legislature authorizing an licIvaso 80 "'
Tho canital siock Of tho corporation Of $1,000
600. Every dollar Of this Increase Is TO Dc eA-