Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-04-16

balances, $50. 434 rs AS comnarpd WIN |
clearances, Si12, S6944; balances. 49, |
2O2.of for the corresponding dnv last |
year. Clenrances for week S1,7l0992.-
~, as compared with $1,134,20T go for !
the corresponding week last year.
FINANCIAL NOTES.
A number Of prominent bankers aud
business men Of New Orleans met last
week for the purpose of organizing land |
and mortgage company to buy and sell |
Louisiana lands. TO induce immigrants to
come to the State for the purpose of buy
ing the lands Of the company. and to sell
the land on such long terms as may rea-
sse9hnbiy insure the prompt payment OF
the purchase money. The proposal is
90 make the capital stock 100000. 90
be taken by fifty shareholders, each of
whom will take $4,000 of the stock,
paying $1,000 I'm cash and $4,000 in notes
of SlOVO each, one Of which will mature
each year. It Is proposed to secure as
the Eastern agent Of the com.
pduy one Of the best known trust
companies in New York or Boston. whose
statements as TO the character Of the
business of the local company as TO its
assets and management will be generally
accepted by Eastern investors. The
company will issue land bonds, well
secured. also debenture bonds, and sell
Z and : per cent mortgage notes. For
the first year the amount of business
might be limited TO 100000, too small
TO Justify the issue Of any bonds, yet
the business during the second year Of
the organization Of the company could
be easily doubled, and increase vt the
rate annually thereafter, so that under
the proposed plan property costing less
than SJ.0OO000 could be placed nc more
than $lOOO0O0O within ten years.
The Manufacturers Record editorialy
notices the Fort Worth packery. lt
says:
Boston capitalists are chiefly interested
In an important move which means the
establishment Of great cnttlc-snughter
ing business In Texas near the ranges
upon which the cattle are raised and fat
tened a deal has been closed for the
purchase Of the entire property OF Tho
Fort Worth Packing company at Fort
Worth, and the cnargcmcnts Of the
business in all departments A large
amount of additional property has been
acquired, and the scheme involves the
establishment of bank 60 facilitate
business. This will represent an invest
ment Of about %},OOOOOO The estah.
lishment will employ 400 men. and will
handle 1000 cattle and 2000 hogs daily
Mr.. G.. w. Simpson Of Boston will prob
ably be president of the company, and
Mr. Elmer Washburn Of Chicago will
manage the establishment This move is
Of considerable consequence 20 the South
as the primary object Of the company
Is TO supply meat 20 the southern mar
kets
The Manufacturers Record OF last
week gives the following list of new in
duStries ia Texas:
Abilene--Cotton seed oil MILL stock
company Is being formed to erect cot.
ton seed oil mill.
Alpine-Coal mines;-W. 10; Lame A..
s. Gage, Thos. MCGEE and W. Van
Cicsle have formed a stock company to
open coal mines near Alpine.
Observation-Disclosures seed oil MILL
The company lately reported as formed
to erect n cotton seed oil mill has OBJ
tanned a charter as the Belcher Cotton
Oil company. with capital stock Of
$4,000 Incoporators are ] II Bel,
cher. A. s. Belcher, A. l.. Gribble and
A. ID. Grihble.
Cleveland-.Saw mills.-Four new saw
mills will be erected on the Houston and
East Texas railroads extension to the
Trinity river.
Columbia-FeTy compnny.-Wm An.
derson Of Chicago, H.. Albert Smith of
New York. G.. b. Broadwater and Ed
ward Denile. Of Laredo, have incorpor-
ated the international Ferry company,
with capital stock of $1,000
Comanche-CottOn seed oil mill.-fThe
Comanche Cotton Seed Oil Mill com
pany have let contract for the machinery
for its own mill.
Dallas--Land company. Summit
Town Lot company has been chartered
with j. Il. Trezevant, l.. A. Pierce and
y. Il. Green as directors; capital stock
$4,000
Dallas Printing works.-A. G. Wills,
]. NJ. SllAton and A. L. O'Ncal have in
corporated the Dorsey Printing company
with capital stock Of $4,000
Galveston-Ch Channel improyements.-A.
3. Waloin and others of Duluth. Mimi;
II. h. and II, l.. Davidson of Galveston
and II. r. Frederick OF Michigan have
Incorporated the Texas 9City Improve
ment company. with q capital stock OF
50. 100000 The company's purpose is
TO construct deep-water channel
Cotton seed oil mill.-A.
| $4,000 stock company has been organic
ed and has lot the contract for the cree
| ton of q cotton seed oil mill.
Hinsboro-r IL. Nttlcfeld G. X. Ben
nett and | R0senbaum have incorporat-
cd the Iittleheld Combine Gin Feeder
and Suction Elevator company, with a
capital stock of 100000.
.Iacksonville-Bo ttling works.-W A.
| Wimms has established bottling works
Kaufman-Cotton seed oil miil-A
company Is being organized TO erect n
| cotton seed oil mill.
la Grnnge-lce factory and brewery -
/ Ino. Schumacher of n Grange, August
| Moser Of Houston, and William ] lemp
| of st. Louis have incorporated the La
| Grange Ice and Beer company, to manu-
/ facture ice. soda wafer and beer. It's
/ capital stock is $4,000,
| Queen City-Canning factory.-Ihe
| Queen City Canning factory has con-
| tracted for complete equipment
Pecos City-Irrigation company. w.
| G. Mann of Oddly. n NJ, and Homer
| Powers and Agnes Powers Of Peco'
| CITY have incorporated the Texas lrri,
CATION company, with capital stock OF
San NIarcos-Cotton seed oil mill-ThC
| Home OH Mill association has organized
for the purpose of erecting a cotton seed
oil mill. go
San Marcos-Cotton seed oil mill, re-.
finery. etc. Diffey & Schmidt VIII erect
cotton seed oil mill, refinery, and q
| batting factory A fine site has been
purchased, also water power, for ~
900.
late Of St. Louis Mo, contemplates or
ganizng a company to establish pressed
brick works. =, ,e