The times. [volume] (Richmond, Va.) 1890-1903, 1892-02-21

The Newport News Building Company. duly
incorporated under the laws OF the state OF llI,
ginia, has secured three. hundred Leautllul
residence lots az Newport News Tor the purpose
OF erecting buildings thereon ana olheI"l9o D'-
proving tho property.
FINANCIAL PLAN.
The financial plan OF the company IS as f9i-
lows. The capital stock is TO De toy.VVl; III
yided into shares OF 300 each Ohier ~. gH"l.
fer. when SD per share shall have been ptld on
each share of stock. no further usses.uenls VIII
be- made and full-paid certificates Will be issued
TO the holders thereof. rr
The payment for -tOck are 20 De as iOAo"s.
sIo1uer share upon date of subscription.
$500 per share III one month.
$40 per sha c Ia two months.
5000 Dor share IN three months
$500 per share IN four months.
500 ger share IN SIX months.
So 100 per share IN eight months.
$500 pershare In ten months.
$500 er share IN twelve months,
5000 per share lu fourteen months.
5000 per share ln slXteenmonihs
s50 ODD per share lm eighteen months.
Building companies. doing business upon THIS
plan have paid dividends ranging from u 10
~ per cent. yer 0nnuui. ~ Is confidently ne
heyed that with the superior advantages. pos
sessed by this company 1t can 10 equally as
"'"' REDEMPTION OF STOCK.
stock. when fully paid in accordance with this
PROSPECTUS. will DE received by the company IN
paymen. for houses or lots az goo per snare
DtIIIs q premium va y" tN~
" HISTORY AND SITUATION.
Newport News is the dssp-water terminus OF
the Chesapeake and Ohio la lway system,
which aftcr cutting through a rich Agricultural
section. Uenetrates great ana, deVe,oplnE mlu-
era. horizons OF Virginia anu west fltslhla, az
vide. the immense coal belt or the atler 0tate'
and connects with a ramlfcaIO ION or transports.
ton lines extending 20 the Northwest, tue NNl
of Mexico and the Iaclic slope. ~ Is tne co"l-
~ seaf OF Warwick county. the centre QI an ear
d. a...HHnr raLHln o. natural UNFI ON NIkII||Il
Roads. and q harlOr of refuge that Wou,d uoat
the uayics of the world. It's geo6ralhlc"I ,4..t
ton is such that It's waters never ireel7. ie."
is tar enough north to escape me epiueil's "a
which Tine more southern ports are ia1le' ana
close enough To the Gulf stream Z q law ls
atmosphere tempered IN tue mofs liforo1'
weather.. thus giving II a commercial anu resi-,
dental advantage of great moment winter ana
summer.
POPULATION.
Although but lttle over q decade Oh, New
port News mas 30 i'-u4- ,n -
thousand souls. who constitute most s4Dslau-
faI and "a permanent. cltllen'hlp; lt mas jus
hotels its schools. banks, lts cnuirhta' us DtHt-
feiaI orders. q Well-OrganlZed military COM
-.-, "a thriving retail trade. and other
feqrIres such as are found usually m much
older communities Tho clty. Dis also
provided with electric lights and street car
lines. and there D. now ~ progress %. coh3truc-
tl0n a reservoir which viii supply d from living
springs Wifh an abundance or wafer Tor drink
i'm and domestic purposes. lt has Iorned
uirbir itself a conservative society such as Is
in.eosrable from "a people who desire 20 own
theIr own homes. and has thereby removed me
chief objection 90 new toWns-tha- Mhlch comes
from o. floating population.
ENTERPRISES.
Aside from the great wharyes and piers. the
GRAIN elevator and the yards or the Chesa-
neaks and Ohio. which give employment 90 an
army III men. sud in addition % lts immense
s6ipoinQ Interests. giving burden 20 steamship
inc, 10 tho south. the East. Brazil. and al the
Transatlantic ports. there IL at Newport Der"
the world. That this enterprise ls not an eX-
rcriinent is demonstrated by the fact that
a bin has iust passed the Virginia Iekl,
f..rre authorizing am increase of the capital
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