The Providence news. (Providence [R.I.]) 1891-1906, 1899-07-12
NEWPORT news, VA
THE DOCKS AND snIPYARDs
Millions Invested fn the Manufao<ur.
Ing aAd Commercial Interssts
(Btan Correspondents New England
Newspaper League)

0staR Correspondents New England
Newspaper Leagua)
NEWPORT NEWS. "a. June s, lsss-
The history Of the site on which this
thriving city stands dates back 800 years.
but Newport News Of today Is practically
without history. Tho city as II stands
Is the work OF men now living and In
their prime The men who made the city
now control its affairs. and are Just az
potent In enterprise and tho work Of ad-
vancing the city az they ever were. Il
was about Is years ago that the attention
OF Coils p. Huntington was attracted to
the advantages Of Newport News AZ Q
seaport. When he gained control of the
Chesapeake & Ohio tho advantages OF
the port were utilized. and Newport News
at once began to grow. Population In
creased slowly at first, being only few
thousand at the cdtys first municipal cleo
ton In ls92 When the city charter was
granted. in January 1885. the population
was about 5000. A year later 1t was a. 900,
and now II N 1900 wonderful ratio Of
growth.
The $40 100000 plant Of the Newport
News Shipbuilding Il Dry Dock Company
is the best equipped OF its kind In the
world and forms the backbone Of rhs
Newport News manufacturing interests,
shipbuilding plant has done more to ss-
tablish and maintain the prosperity Of
Newport News than any other interest
or interests. 1t gives employment TO 5000
hands. enough with their dependents. to
form the population of q city OF thems
serves. The plant covers 100 acres An1
dlsburses $4,000 each week In wages. Ths
shlpyards now have contracts on hand
for nearly $20,0 900 worth OF construo-
ton. Four attleships-Kearsarge, Ken
lucky. Illinois and Missouri-ars under
also under construction, as are eight
ocean liners OF combined tonnage sf
!I.4eo TONS The other large industries
electric light and power works and ice
factory and storage house combined. and
the gas company. The value Of those,
100000. a very good showing for .
city whose industrial growth II only
beginning Investments which may bring
SeWpoTt G News are under oi new
| One Is an addition to tho shipbuildin8
| plant, which will enable It to make ord
nance and armor plates and thus turn
The building activity of Newport News
is reflected in the showing of tho last
six months of 1898. when 500 buildings
pleted. The city Is well equipped with
electric car lines. and additional work
is under construction. Another private
theatre building. Other construction TO
cost more than 800, 000 is planned.
The retail stores Of Newport News fur
largest cities, and the wholesale trade Of
the city Is very large. national bank.
q state bank, q trust company and pri-
port News Their combined capital is
| ample for the needs OF the city.
Newport News Is healthy city. and
ought TO be with its situation. at the side
| OF the James river and Hampton Roads.
| and with its splendid sewerage system
and pure water. Severe winter weather
| Is never experienced. nor Is enervatins
The Cottreii Real Estate. Insurance and
Loan Company, 27o6 Washington avenue.
stitutlon Of its kind in Newport News.
having, been established IN 1880 by w: e.
Cottrell. now president OF the company.
the following officers: w. e. CottrelL.
president; N. A. Cottrell. yice-president;
l.. s. Cottrell, secretary; j. l., Cottrelt
L. s. Cottrell stated that tho great need
OF Newport News at tho present time was
cheaper money on first mortgage loans,
per- per psst cent His His company. 90 he said, had
loaned In the past few years over 100000
on mortgages without q forecaosure
might well feel proud. He said, further,
that his company could handle several
million Of dollars with the same satisfac-
The Cottrell Real Estate, Insurance and
Loan Company has an authorized capital
Of 500 600, about SIS. 900 of which is paid
Yer YD cent and s Carried Ra $500, to asn" suOu:
fund. this splendid showing having been
mads on a capital OF less than $4,000.
tir panv has handled fully quarter Of 9
its building operations at the present time
The The PURCHASES made for its Investing
clients have been immensely profitable
many thousands Of dollars having been
realized by them on Careful judicious m
The loan department of tho company
10 conducted by the president. w, +. Cot
srs enOe IN MhSss SswDo4t lSnf RS News Ssuss s him
especially for this branch Of tbs work
The handling OF hundreds OF thousands
q dollar or a days delay In the repay
ment OF the principal sums the loans
extending over ? period or national ae'
PrsoStTH PeSoTd that at should. @ and does appeal to
those who are seeking cafe and prontaole
investments for their fsrds. Newport
dwellings TO accommodate the population
which fairly belongs TO II, for there are
hundreds OF families now iivipE In other
cure homes in the city; probably a thou:
sand men now working In the shpyard
whose families live at other points. This
COuulllOn tAlslS IN tpllo VI thc shas
a thousand houses haye been erected In
the past two years. and the building oper-
ations present and prospective. In New
port News call for hundreds Of thousands
In morey on desirable first mortgages.
which will be placed on real estate con-
tinually enhancing in value, consequently
therc can be no batter security than this
property.
The real estate department. Is ener-
getically conducted by the secretary OF
the company, l.. 8. Cottrsl. for NUM-
Der OF years a newspaper worker, who is
demonstrating the truth Of the statement
that a man who can keep from starving
In the newspaper work can soon clip
coupons In almost any other business.
This activity In the real estate depart-
ment OF this company keeps all competi-
tors guessing and the clients and stock
holders OF the company well pleased.
The insurance and rental department OF
the institution 10 conducted by~e /. Cott-
rell. treasurer OF the company. who Is The
youngest of the trio OF brothers. a.!
Young men. The conservatism displayed
in the other departments which has made
the money OF the lending and that OF the
purchasing clients safe, is also shown In
the MANAGEMENT Of the IRE insurance
business OF this company. BY reason OF
the discriminating care exercised In plao-
Vls FRA