Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-11
THE NEW PAPER-M|LL
Charter Granted to The Valentine
Syndicate Yesterday,
MILLION DOLLARS CAPITAL.
The OflicerS and Directors Of the Com
pany All Prominent Citizens.
ITS OBJECT AND SCOPE
Plans for the BuiIding-PoweP 20 Ne
Supplied by Virginia Electrical o.
which VIII share the HaxaIl-crsn-
shaw Property with This Concern

Judge Wexford granted charter IN the
City Circuit Court yesterday afternoos
10 the James-River Falls Paper and Pull
Mills Company.
This corporation, which is composed Of
local capitalists and prominent business
men. lately acquired tho Haxalf-Miis
property, which II proposes TO share with
the Virginia Electrical Railway and De-
velopment Company. This property con-
sists OF about seven acres OF land. GEN.
traily located. with a frontage Of loo
feet on James river. The papcr-mili will
be built on a part OF the old mill site
with rives frontage OF 100 feet. and Will
be entirely modern in construction. steel
and cement being tho only materials used.
The purposes and scope OF the enter
prise are set forth in the various sections
OF the charter as follows:
The name Of the company shall be the
James-River Falls Paper and Pulp Mills.
WHAT ITS PURPOSES ARE.
The purposes for which said company il
formed are 10 manufacture, make, buy.
sell. and deal IN and handle card, tag.
and box boards, blottng. manila. and all
other kinds OF paper, soda pulp. sulphites.
and all materials and supplies pertaining
TO or In any way connected with ths
paper and pulp business. and do all other
things necessary and convenient for car
rying out OF paper and pulp manufac-
turing business In all its details. aud
the purchase ard rsle II AZ products *
a business OF this character. and mate
rlals necessary In the conduct of the same.
and TO erect all plants and buildings
deemed necessary.
The capital stock shall be not less
than $4,000 and not more than $loOO.0o,
to be divided into shares Of tho par
value OF 500 each.
The amount OF real estate TO be held
BY said company shall not at any one
time, exceed 1000 acres.
The place where It's principal Office shall
be kept shall be in the city OF Richmond.
Va.
This company shall have the right nt
any general or special meeting OF its
stockholders TO increase the number OF
directors 10 eleven Said company SHAH
perties, real. personal, and mixed. where
ever located.
OFFICERS FOR FIRST YEAR.
The officers for the first year. all Of
whom are Richmond men, are: President.
=. H. Mayo; Nlce-President, Henry Lee
Valentine; Secretary. Fairfax &. Chris-
tlan; Treasurer. Robert r. Harrison.
Board Of Directors-P. ii. Mayo. Henry
Lee Valentine, +. A. Hoeu. $. II. Hawes,
William II. Palmer, Samuel 7. Morgan.
c. Il. Wingo.
The application IS signed by Messrs. w.
H. Palmer, H. 4. HOen, Henry Lee VAL
entine, h. c. Christian, and Il. X. Harrl-
son.
BUILD or OLD FOUNDATION.
The plan outlined In the prospectus Of
the new company Is that the new mill
shall be built upon the foundations Of ths
OLD.
Tho old buildings. which are 10 be pull
ed down, contain about 600o.0o0 bricks, the
value Of which is estimated AT $500
The property Is already connected by
tracks with the Chesapeake and Ohio,
Norfolk and Western. Richmond. trede-
ricksburg and Potomac. and the Southern
railways.
The mllk will be supplied with power by
the Yirginia Electrical Railway and De-
yelOpment Company, and a contract has
been made for l,500-horse-pOwel. at the
actual cost price Of manufacture.
THE SOUTH AS A FIELD.
The prospectus contains the following
interesting statements:
Richmond occupies a particularly strong
strategic position In relation 70 south
ern commerce. and consequently COM
mands a large part OF the southern
trade. . The South Is the legitimate
territory for the product OF such a fac-
tory at Richmond. The South is pros
porous and is growing more prosperous
daily. The South has climate, water, ac~
cessiblity. vast mineral resources. fer
tile SOIL and an established civilization
as foundations for prosperity and growth,
extending throughout her territory. There
Is remuneretive work for all. and work
can be done all the year round. and some
thing can be grown every month In the
year. There are no deserts. no billiards..
no devasting forest fires. no tropical heat:
but the winters are short and the sum-
mers are temperate.
The exemption OF the South from strikes
and labor troubles Is most significant;
the fact being that the people OF the
South are too well employed aad too
prosperous 10 countenance. or 20 add \
single recruit 10 such a movement All
conditions indicate that this country Is
now ready for another great forward
movement; another period OF prosperity.
expansion. and development. Tho tlos
witch moves on 10 fortune has begun 10
rise. Those who 20 with Il viii gather
most hountiiully OF the magnificent -e-
suits. one OF the times when fortunes
are 20 be made end splendid fruits ac-
cumulated from wise investments Is here.
Any one who viii consider the subject
must. IL is believed. be convinced by the
logic OF facts and mathematics that the
South. by reason OF her tremendous un-
develorsnent. resources. and splendid
climate advantages. Will Inevitably lead
IN the forward movement and offer the
best results Of all The southern people
owe less money than The people Of any
other portion Of the country study %
statistics VIII prove the truth OF this
statement. Debts. public ard private. are
down 10 a roek-bottom basis. The ra-
turai conservatism and common sense OF
the southern people, and especially her
businessmen. who have learned Isssone
In the hard school OF adserslty. have per-