Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-10-09
TO GET ITS CHARTER
,, sgrr-nuILpING COMPANY WILL.
LAKE, APPLICATION TOMORROW.
GETTING READY TO BEGIN WORK
The Talbot Works to he Remodel
led and Eauippcd With the Most
uod,rn Machincry-Engin Are
xvorI.iug ont the Details.

Tho ship-buIlding company being form
"A q, this city will apply for a charter
=. ,ss Circuit Court tomorrow. and the
,.r details Of tho scope. and plans OF the
.rgsrIzation will then be made public.
the temporary Office OF the company In
-. chamber OF Commerce is now veri-
,,hio hive Of industry. and all the plans
49,. bcing prepared there for the altera-
,t,,s 70 the Talbot works. for the build
,,r O., the dry-dock. which is 10 be sit
,,,ed AZ the mouth OF the creek. and all
3D.. other construction work. The lease
- he Talbot works has not yet been
,.e,A5 but this will be done tomorrow
~ tuesday, and the work OF remodelling
3D.. interior, wherever alterations are ne
,ssssrv. and Of removing the old ma
eN'nery and replacing it with new will
Do tegun.
The contracts for some OF the ma
,slnery ard for other work have been
drawn up. and the necessary arrange
n,rts have been made with the Fire De-
rsrtment OF the city for tho building Of
ne colossal frame structure which is TO
ss~ys as a dry-dock.
WAITING FOR THE SECRETARY.
Mr. william r. Trigg, the president OF
che company. said 10 a Dispatch reporter
,-sterday that 10 was uncertain when
n, work would be begun on the govern
rs1t contract for the torpedo-boats and
t,.troyers. The decision, as far as that
/, concerned, rests with the Secretary Of
ts Navy. and communication on the
subject is looked for at any time.
S,mo changes have been made in the
rf,vosed directorate since the first list
was drawn up, but II is definitely settled
that Mt Trigg will be the president, Mr..
j. T. Myers the Nce-presidcnt, and Mr..
vs.. e. Preston, OF the law Arm of Pres
ton & Leake. secretary and treasurer Of
tse company. Others said 10 be inter
ested are Messrs. j. J. Montague, OF the
Richmond LOGON otive-W Mr.. James
y Boyd. president Of the Planters Ma
t1n8l Bank; Mr.. Thomas Atkinson, Mr
NIginus Newton. Mr.. Joseph Bryan Mr..
= H. Mayo. and other prominent capt.
talsts.
Tho authorized capital of the enterprise
IS 90 be 10000, and the stock has been
eagerly sought and. as stated in the
Dispatch some days ago, every share
has been assigned. The Virginia Trust
Company is surety for the company in
this contract will be signed as soon as
TIE charter has been obtained.
4 PERMANENT INSTITUTION.
The impression that seems to have
gained currency in some quarters that
the company has been organized solely
with a view to executing this one con-
rrra 10 x
entirely erroneous. 1t is the intention Of
the promoters 10 establish a permanent
ship building plant, and there are other
contracts IN view. which promise to keep
the yards in active operation for some
time TO come. Some of the very best
talent in the government service has
been secured, and the work will all be
under the direction and control OF Mr..
W. r. Trigg. who is to be the general
manager.
SO entirely roseate are the prospects.
that applications for stock aggregating
many times the amount OF the authorized
capital have been received. but only some
ION or a dozen gentlemen have been so
so-tuuate as 20 secure any of the scrip.
Tho Importance OF this new industry
IN the city of Richmond can hardly be
estimated. II viii give employment to
some three hundred or four hundred men,
and has opened up whole vista OF glow
irr Possibilities. II will. of course, stimu-
late the machine and iron interests, ana
,y.u give a good deal OF work 10 Inc
Richmond Locomotive and Machlne-
Works and other large commercial IN
sti-,tiors. The engines for the govern
mont boats will all be made at the above
named works. and contract 70 inns eh'
has already been drawn up.,.r,<,,,,,,,>
THE CITY FATHERS lNIEhbS irID'
The City Fathers have recognized tue
inheritance OF the enterprise anu nay
taken steps 10 AFFORD II all the best iaclii'
ties possible. The EFFORT TO deepen tne
c,sr,rs1 ~ the river. which has beer
hanging fire FOR so many years mas am
d.6nita shane at last, and the plans OF
C,,,.-F,glnear Cutshaw for dykeing the
river received an impetus in the prospeC'
t,o establighment of this plant. whicr
,esns likely TO lead 20 the most bene'
ecieI resuIts. Further than this, the
citv has been assured that It's EFFORTS u
,r,rrova the river and make 1t navlgapi'
,rul meet with the heartiest approVal am
substantial support of the authorities IL
Washington. ,,,.,
II will take some years to accompnsi
all that is intended, but an annual ap
propriatlon for the Improvement OF Jdiie'
AVER win II is quite sure. be a feature
Of all future budgets framed by the Rich'
mond City Council. Tito,
As the river now stands, and countins
the distance from Richmond to the cape
as ~ miles. 81 per cent. has the requisite
depth of p feet at mean low tide am
vessels drawing 10 1-2 feet Of water ca,
now come within ten miles Of Richmond nc,
and those drawing 16 feet come 10 th'
citv wharves. All that Is required ~
give their full value TO these extraorul.
nary features Is the depth Of q feet a.
mean low tide. With that depth klch'
mond can compete with the more north
ern Atlantic cities.