The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-03-30


pointed committee to obtain proposi-
tions from the various land companies
and persons owning land, for tho loca
ton of the cotton mill, with instructions
to report to the board not later than
Saturday afternoon. AS soon as the
matter OF location is definitely settled
the work Of soliciting subscriptions win
be begun and pushed with vigor. Be.
low is copy OF the prospectus which
Will be used in soliciting subscriptions:
ROANOKE COTTON MILLS.
PROSPECTUS corporation has re-
Gently been organized in the city OF
Roanoke, Va, designated as the Roam
oke cotton Mills" for the purpose OF
building and operating plant for the
manufacture of cotton cloths, yarns,
etc., in the city of Roam oke or within
one mile Of the corparate limits thereof
the following named gentlemen beiur
the officers named in the charter, a COPY
OF which charter is OF record in the
clerks Office in the Hastings Court OF
the city Of Roanoke, to which reference
is hereby made
j. Il. Henry, Greenville, S. c., Presi-
dent.
w. E. Deaton, Roanoke, Va, Vice.
President.
tary and Treasurer.
DIRECTORS:
J. b. Henry, Greenville. S. C.
w. &. Deaton, Roanoke, Va.
p. L. Terry, Roanoke, Va.
L. L. Fishburne, Roanoke, Va.
j. M. Gambill, Roanoke, Va.
J. Allcn Watts, Roanoke, Va.
Nj. Nj. Rogers, Roanoke, Va.
inc stock OF said company is to be
not less than $l50,000, with authority
vested in tho board Of directors to in.
crease Same to an amount not to exceed
S3OO,OO0. Tho management Of the COM
pany Is now receiving tenders OF loca-
ton from various persons and corpora
tions owning land adjacent to tho cor.
porate limits OF said city. 1t is con
templated that land amply sufficient for
said company will be acquired by dona-
tion from such parties who are inter-
ested in having this plant located on
their lands.
This company makes this announce.
ment inviting subscriptions to its CAM.
tai stock, believing that the ADVANTAGES
OF this location are such as will strike
persons who may be DESTROYS Of invest.
Inf in industries OF this kind, since tho
dividend earning power OF such indus
tries has been amply demonstrated By
Southern States.
1t is beloved that the city of Roanoke
offers exceptional advantages for plant
such as Is contemplated. This city is
the headquarters OF the Norfolk and
Western Railroad Company, the lines of
which road extend to all points of tho
compass, and offers equal facilities for
the bringing in of raw material and tho
delivery OF the output at the markets
OF this country, and 1t Is believed thatu
com parison of tho freight rates avail
able at this point will demonstrate the
earning capacity in q mill located here.
which will be large item in its success.
In the matter of coal, which is large
Item OF expense, this location is parsicu-
iarly favorable, owing TO the fact that
1t ls only obout 125 miles from the Flat
Top ccal fields, tho product OF which
mas, perhaps, already been recognized
as the beststeaming coal in this country.
Tho management OF tho company in
onering this stock to the people of Ros-
noke and elsewhere, do so with the
utmost confidence that the enterprise
will be profitable one.
Under tho laws Virginia stockholders
are only liable for the full face value of
stock subscribed for, and are not assess.
ible beyond that amount
SUBSCRIPTION LIST.
We, the undersigned. subscribe inc
amount So opposite our respective
names to tho capital stock OF the Roam.
oko Cotton Mills, the shares in which
are to be OF q par vsluo of 500 90 each,
payments to be as follows 10 per cent.
in cash upon the call OF the board of di-
rectors OF said company; 10 per cent. in
80 days thereafter, and tho remainder
payable at tho rate OF ) per cent every
30 days This subscription, however, is
upon the condition that at least the
sum OF $50, 000.0 90 shall be sub scribed.