The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1898-08-16
SIGNS OF PROGRESS
Some New Enterprises of the
Old North State.
RAILROAD AND
COTTON MILL
SNOW HILL IN GREEN,
PAkTEG0 IN BEAUt0ar
The Termini Of the Projected RaiIway---Caat.
ized a $500, 900. The Cotton Nil
10 be Located al Eden,on and
Capitalized al $40, 900.

Capitalized al $50, 600.
There have been many signs duflu- '..
present year OF an industrial a"ak...-
| ii the old North State despite the ma..
drawbacks with which the people of
State have had to contend. II is m...
r,-aSsuring To know that, in the m.0"
the new enterprises have been project.
hv citizens. resident within the hora.
Of The State and built or, to he tafr
largely ~ local capital.
These things argue an increased caH-
fdcnce on the past of our own e'ti@""
IN toc commercial future of North Car.
lima IL well IL Il definite realization 3D..
he possibilities for the productive crH
p,ovmcnt of Labor and capital that tt.
already existent. They show also 1hai
The State has now reached that stage
II development when every year ~o"~ 80
larger and larger percentage "i H
wealth available rs a surplus 4" lH
turned To productive enterprises.
This is I'LL the more rc-asSuflnG 20
view Of the flct that the large addition
of territory that now seem meNllahl'
resultant from the recent war VIII I'D
ford opportunities for apparently, II mot
:IrtllIliN. S1tlItI returns .Ii'lli -N'A f#
capital that MAS beginning to find its
way Southwark. hut viii now be diverted
to these new fields. For some tlmc T."
come It may he expected. therefore. that
North Carolina Will be left 10 work out
her own industrial salvation.
1t is doubtful if any year IN our his
tory has had more To show III the Way
Of commendablc enterprise. ~inaI-uratrd
by Our own citizens and built by capital
subscribed within tn" State.
The record Of the Secretary Of State
oiucc shows that since the beginning .t
so IN unusually large number of com
mcrcial undertakings have been incorun-
rated. some of them requiring much cap
ital and employing a large number #
skilled and unskillcd llhorcrS.
Within the week just past thcr" have
been four such corporations. chartered,
the aggregate capital Of which Will APP
proxlmato &4O.OO0.0OO.
On yesterday application was received
for articles Of incorporation for three en-
tcrpriScS.
One of these was the "Goldshorp. Snoa
Hill and Eastern Railroad Compaut"
Gnc terminus of the proposed raIu.r
Viii he Snow Hill. III Greene county. auJ
the other panteo, in Bcpufort county.
The length Of the line Will. 50 near a4
can hc determined before an actual sun.
vcv Is made. be about sixty miles. and
1t will traverse Il part of the couuticS of
Greene. Pitt and Beaufort. crossing ihr
w. and ". in Pitt county and connect
ing With the old y. and s. road 81.
pantcgo.
The road is capitalized at $500. 600 with
the privilege of incrcaSin" the caUitaIiZl-
ton from time to time. rs may BE- ncco-
Sary. Already 100000 of the S3o0.0On
IpE 1nn, .4,I ..n.I-I ~
II by citizens Of KinSton and Snow Hell.
Mr.. J. II. MacIcary, Of Suffolk. ga.
SHhScrIhes S2S.OeO and Mr.. j. w. Lynch.
OF hnSton. a like amount. The rest
of tn" stock is subscribed mostly I'm
mounts Of 800 and 5000.
SIX directors for the ensuing wear have
been chosen az follows: !. w. Lyurh.
Of klnSton; j. \. Macleary. of SuNoIE.
Va: j. u. Mccormick and Alexander :.
bacon, Of New York City: G.. ". Srrg
anu Joseph ENllm. Of Snow Hill. 1T IS
understood 10 be the intention of the
directors to take the preliminary STEPS
to the construction of tho road If once,
~" "Edcnton Cotton Mills" il tho
name Of 4 now corporation that i. fl,
construct u fine now mill ut Edcnfon for
IN" purpose rs stated III the articles. If
spinning. weaving and carryinr on
general manufacture Of cotton rood.
he now mill is capitalized If $50 a0O
WIN the privilege of making such in
.'''Se as may seem necessary. The
mcorp"rators and subscribers az eto.l
VIZ: " =: Irndcn. &. $. Yam. i. 4.
Williams, j. =. rruden. r. Whit
X. +. Cheshire. G.. T. Fail w,,
l"ory. Sr.. f.. X. Conger. \. = Rn-h
v .. Elliott. Thco. Ralph. T. : <.r-
man. Julien Wood. j. W. R~ranpino ,,i
l.. +. Zicglcr. ''''