The western sentinel. [volume] (Winston-Salem, N.C.) 1887-1926, 1892-04-14
wINsToN-sALEM. N. c.. THURSDAY APRIL II 1892 .

PRESIDENT HaneS was asked TO eX-
press his views, and stated that he
! was heartily in accord with what
: had been said. He believed that one
of the greatest needs of the city was
! diversified industries and he had al
ways contended that attention
| should be turned to the manufacture
of cotton, wooden goods, and wood
en- wares. The greater part OF the
money that had been invested in
the Roanoke and Southern could be
turned over to the enterprise.
MIR G. W. Hinshaw stated that as
a member of the committee, he had
considered the matter very carefully
and believed that much capital not
released by the Roanoke & Southern
deal could be secured, for there are
many more men of means here now
than when the railroad enterprise
was established. In discussing the
matter with the people he had found
many who were willing to subscribe,
andIhe thought that there would be no
trouble in raising the capital. With
the grade of goods that it is propos-
ed to make that the enterprise could
be made to earn Is to Is per cent.
Col Fries suggested that the prof
its of Winston Salem business men
for one year would establish the en-
prise
After some discussion as to the
recommendation for collecting the
subscriptions of per cent. per
month, the report on motion of Mr..
Buxton was adol ted.
On motion of Mr.. Hinshaw, the
President was instructed to appoint
committee of twelve to secure
subscriptions of stock.
The committee was announced as
follows: G. W. Hinshaw, F. Fl. Fries,
J. w. Alspaugh, J. A. cray, H. R.
Starbuck, R. J. Reynolds, c. II. Fo-
gle, Maj. T. j. Brown, DR.. III. T..
Bahnson, W. A. Blair, DR.. W. L..
Brown and p. FL. Hanes On motion
the President was added to the COM
mittee as ex otficio chairman.
This disposed of the principal mat
ter before the meeting, and Mr.. HI. E.
Fries of.the committee appointed to
look after the securing of 800 Swed-
ish emigrants reported progress.
Mr.. Manly suggested that the
Chamber appoint committee to in
quire as to what effect the organiza-
tion of a paid fire department would
have on insurance rates.
The discussion of this matter
brought out the further suggestion
from Mr.. Whitaker that the commit
tee also consider the advisability
of establishing "a home insurance
company.
Mr.. Buxton stated that a charter
had been secured and that it would
be placed at the disposal of. any
movement for that purpose.
Messrs. H. E. Fries, Manly, Ogburn,
Buxton, Whitaker and Eller, were
the matter.
Mr.. Hinshaw of the committee on
transportation reported that nego
tiations in regard to freight rates
were pending with the Norfolk &
Western and the Richmond & Dan
vile and that both roads were dis
posed to give Wins1on-Salem justice.
Maj. J. G. Young stated that the
Western Union Telegraph Company
had rseently raised it's rates to sew
eraDplaces, and he thought the
Chamber should take some action in
the matter
Mr.. Amis suggested that if the at
tention of the Commercial Telegraph
Company was called to the impor-
tance of Winston-Salem it might be
induced to extend it's lines to this
city.
Reference was also made to the
poor facilities of the Western Union
at this place, and Mr.. Manly stated
that he thought if Supt. Tree could
be induced to come here, he would
see that improvements are needed.
Messrs. j. G. Young, J. B. Vaughn,
HI. E. Fries, c. d. Ogburn and w. B.
Ellis were appointed committee to
investigate the matter
Mr.. A. P. Warrington, Division
Freight Agent, of the Norfolk and
Western, was elected to membership
in the Chamber.
The ommittee of twelve met i'm
mediately after the Chamber ad-
ourned and discussed ways and
means for getting about the work.
It was decided to appoint a sub
committee to get up the articles of
incorporation for the organization
of the company and prepare the
blank forms for subscriptions lists.
The sub committee is composed of
the following gentlemen:
Col. F. Ri. Fries, Maj. T. j. Brown.
81. R, Starbuck, J. A. Gray and w.