The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-09-22
WORK TO BEGIN
ON NEUSE MILLS
The Articles of Incorporation
Taken Out Yesterday.
WILL ORGANIZE SHORTLY
$4,000 OF THE CAPITAL STOCK
PAID UP.
THE ENTERPRISE IS AMPLY BACKED
Raleigh's Leading Business Men Subscribers
to the Stock. Present Building to be
Enlarged and Most improved
Machinery Put in.

H'aI'ihiCtJ VI Ht'
Articles of Incorporation were taken
out yesterday for the cotton mill to
be built at the Falls of Neuse. So
soon as the legal period OF ten days
notice after incorporation has expired
the stockholders of the company will
meet and proceed to organize and elect
officers Already between $4,000 and
$50. 200 of the 100000 capital stock ne
cessary to the enterprise has been sub
scribed and the $4,000 required under
the charter has been paid i'll. The in
corporators did not care to make public
the names of stockholders until after
organization but glance at the list
shows that the company has i'll 1t the
best business men and ablest fnanciers
of Raleigh.
The following are the incorporators of
the company: c. G. Latta, X. III. Bat
tie, j. A. Jones, Jos. G.. Brown, Il. II.
Lee, w. w. Vass and Van 3. Moore.
The capital stock is 100000, com
posed of 1000 shares of the par value
of 800. The capital stock may be in
creased to 100000. The company is
authorized to organize and begin bust
ness when So, 900 of its stock has been
paid in. The company is authorized to
manufacture and handle cotton and
wool III all forms and to develop and
sell light. heat and power.
The offices of the company will be at
the Falls of Neuse and III Raleigh.
Work on the mill will begin very
shortly" said one of the incorporators
yesterday. I'VE believe that we have
one of the best business opportunities
in the State and there will be no un-
necessary delays. There will be no diff
ficulty about securing the capital neceS-
sary to the undertaking.
1T is our purpose to enlarge It'd,
present building, formerly used as Il
paper mill, build large additions and
put in nothing but the most improved
machinery throughout. The charter
has been drawn to give us the authori-
ty to put in a light and power plant
if we shall see fit to do so at any time.
For the present however we shall de-
vote ourselves to the building and
equipment of the cotton mill"
The stock of the company is held
almost entirely by Raleigh people as
no effort was made to enlist the sup
port of outside capital.
1t is the estimate of experts that the
number of spindles of the proposed
mill will not consume all the power that
can be developed at the Falls with a
properly constructed dam. The sur
plus may be ultimately transformed
into electricity for use elsewhere or the
company may take advantage of the
continual rise in paper Ito establish Il
paper mill in connection with the new
enterprise. Under present conditions
such a mill, if properly managed, ought
to pay handsomely.
CHARLOTTE CtASKEfT co.
The Secretary Of State yesterday III.
corDorated the Charlotte Casket Com
pany of MeckIenburg county. The cap
jtal stock is $4,000 with the privilege OF
increasing to 100000. It's business is
to be the manufacture and sale of COZ
fins. The shares of 500 par value have
been taken as follows:
E. II. Cannon, Mt. Holly 80 shares.
n. p. Cannon, Charlotte, 30 shares.
j. ID. Brurnfield, Charlotte, 80 shares.
II. l.. Hardage, Charlotte, 30 shares.
B. ID. Heath, Charlotte, 30 shares.
j. M. Scott, Charlotte, shares.
J. G. Holly, Charlotte, 10 shares
J. NJ. Harry, Charlotte, 10 shares.
NJ c. Sims, Charlotte. 10 shares.
Brevard Nixon, Charlotte, ? shares.
FAYETTEVILLE ICE co.
The Secretary of State incorporates
the Fayetteville Ice and Manufacturing
Company, capital stock $4,000 The
incofporators are Frederick KAISER S.
L. George w. w Starr, Allan Bond,
John i. Harrison, A. e. Dixon, S. Lanl-
rum George, Geo. A. Cosins, Geo. /.
Armstrong, FL. Mcdowell Robinson. The
company is authorized Ito begin business
so soon as $4,000 of its capital stool;
is paid up.
THE WATCH TOWER.
The Watch Tower Publishing Compa-
NY of Washington, \. c., the object be
ing to publish religious newspaper as
the organ Of the Church of the disciple
in North Carolina was Incorporated yes
fprday