The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1893-06-22
Multi Millionaires Take
Advantage Of New Jer-
seY's Liberal Laws.
MORE CORPORATIONS FILE PAPERS.
That TransIantic Trunk Line, FOI-
lowed By other Corporations
Which Organize Under
Cur Laws,

A glance at the certificates OF incor-
poration filed daily in the Office of County
Clerk Mclaughlin is all that is neces-
sary to demonstrate how the moneyed
men of New York and other cities out.
side of the State profit by the more lib
eral laws governing corporations in New
Jersey than in neighboring States.
For instance yesterday THE JERSEY CITY
NEWS published, exclusively, the filing Of
the incorporation certificate of the
International Navigation Company,
which company promises to rev.
olutionlze the passenger and freight
traffic between the United States and
Europe by the expenditure of millions OF
dollars in the acquisition of palatial and
commodious and swift steamers for use
between the New and the Old World.
THE NEWS also exclusively published
the filing of S2,000000 mortgage on the
lines of the Passaic Elevated Transit
Company, company OF which but little
is known, and to be operated between
the city of Newark. The projectors or
the latter scheme, as well as of the former.
are New York men.
STILL ANOTHER.
Yesterday another corporation Hied
certificate in which the object, as set
forth, promises TO revolutionizs the
freight traffic, and, incidentally. the
passenger traffic between the United
States and Venezuela. The corporation
is known as the National Venezuela Tun-
mel Company, and has as its forwarders
William D. Stratton of New York, Amos
Howard Calef of Seabright. John IL.
Drake of Mtddletown. N. Y, Edward J,
II III INrsa ole Da n Htun u
A. Brown of MtddletowD, n. 7. The
company has a paid up capital of S6.O00,-
600. which is divided into 10000 shares.
Tue principal offices of the company will.
of course, be located in New York, with
branch Office in this city.
The scheme of the company is mam-
mouth one, and deals with almost the
same property over which SO much
trouble has been caused by Frenohmen
who were implicated in the Nicaraguan
Canal frauds. The company will begin
operations on the most southerly point or
the United States, at which point rail-
road discharge depots are TO be located.
and then Venezuela and other SoneR
American points will be reached and
brought into direct communication With
the United States by tunneling through
the mountains between the City OF Cara
cas- and City Of Lnguayra, or City OF
Macu5o, In Venezuela.
THE MOTIVE POWER.
The cars to be operated in aud through
the tunnel will be propelled either bT
cable or electricity. The tunnel itself
will be lighted by electricity aad the pre-
sumption is that ths same power viii be
used for propulsion. The company sets
forth that 1t intends facilitating travel
and freight traffic between the United
States and South America.
The company reserves Ghe right to lease
the tunnel or charge tolls for the use OF
the tunnel by outsiders.
OTHER COMPANIES FILE.
The Automatic Pipa Coupling Oom-
pany, with a capital of S300,aD made up
from IL, 900 shares valued at S25 each, also
filed certificate of incorp0raIioJ. The
coupling is for use particularly on rail-
roads. Asa j. Slatt aud Melvin ID.
Kohner of New York, Charles Srocker OF
AIlendale, and George Van der Bogert oz
Brooklyn, are the incorporators.
The National Telephone Company is
local incorporation Which has filed Ger
tifcate. The incorporators are George
F. Holmes, r. C. Babbett and
Frank E. Chamberlin. The company
has capital stock of $500,000, divided
into 5000 shares, and conlemplaEes
transactIng business III all parts of the
United States and Canada,
The II, w. Taylor Company is going to
manufacture medicines in New York
under the laws of New Jersey. The
company has capital stock of 100000
People who are laboring under the de-
lusion that money is scarce should look
over these records aud seq the millions
that are being invested daily.