The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-12-17
THREE 1T GREENSBORO
ONE OF THEM IS A FINISHING
MILL.
NORTHERN COTTON MILL COMING SOUTH
Mr.. Wilson Continues to Get Very Fine Grade
of Ore Out of His Iron Mine in hnston
County, ARaiIroad Track to
be Built to 1t.


rushing business in the matter Of in
cooperating new manufacturing con-
GERMS Four new companies We're incor-
porated, with Capital stocks aggregating
upwards of 100000.
OF these, three are in Greensboro, and
represent "a total capital stock Of S134,-
600. They are;
l. The National Finishing and Ware
house Company Principal place Of
business, Greensboro. Capital stock,
$4,000. IncorEorators: j. w. Lin
dan, r. II. King and \. Il. Kimball, all
IF Greensboro.
The corporation is formed for the pur-
pose Of conducting the business of man
sfacturing of all kinds, including the
bleaching, dyeing, printing and finishing
Of textile fabrics and yarns and OF
,toring and warehousing.
THE capital stock consists of 200
shares Of preferred stock and 1000
hares Of common stock, Of the par value
If sI00 per share The preferred stock
shall be entitled to cumulative pre-
tered dividends at the rate of seven
per cent. per annum and shall be pre-
ferred to the common stock In any dis
tribution Of the assets of the company.
The preferred stockholders shall not
be entitled 70 any vote and the pre-
erred stock may be redeemed at the
ption Of the company at any time after
The expiration OF tive years from its
riginal issue under such terms and
0nditions as the bylaws Of the com
: any may prescribe. Each share or the
ommon stock shall entitle the holder to
ne vote at all the meetings of the
toclIholders. Both the preferred and
ne common stock may be issued for
property purchased as well as for cash.
The capital stock when paid shall be
aon-assessable. and no stakeholder shall
personally liable as such for any
hing beyond the full payment OF the
took subscribed for by him.
2. The Southern Bobbin Company
rincipal place Of business. Greensboro.
apital stock. $1,000. Incorporators.
l. ~. Brooks. w Il. PoWe, Douglas
ettie, and s. III. Boyd
The corporation IS given power to
ny. lease, own, hold and improve real
state and personal property of all kinds
nd to sell, lease. convey. mortgage ana
dispose Of same as it may see fit, and
nay engage iii the manufacture Of iron
md wooden ware and implements, and
icles Of all kinds: and may build.
equip and operate for itself and others,
Mills. factories. warehouses and build
ngs of all kinds. and may buy and
ell and deal in lumber, may borrow
ma loan money, and do all other acts
tecessary and convenient to carry out
he purposes Of its incorporation
8 The West End Land Company.
'rincipal office, Greensboro Capital
took, $4,000. Incorporates. ]. S.
arr. Durham; w. II. Osborn, Greens-
3oro: ". r. Land, Greensboro, and
Thomas NJ. German, Durham.
THE corporation shall have the pow
II to purchase, hold and acquire real
state III fee to an amount not exceed
ng at one time 5000 acres; to sell the
anne iii such quantities for cash or on
inc as the said corporation, by its
1oard Of directors shall determine, to
ease lands and houses and buildings;
0 erect buildings upon the land owned
~ it or leased by it: to open and lay
1ut and construct streets and alleys
Trough its lands; to rent and collect
ent Of its own land and the lands
# other persons or corporations on com
mission or stipulated sums; to buy and
ell aud lease mineral and timber lands
md mineral interests in lands; to buy,
sell and exchange such personal prop
erty as may be determined by the
board Of directors
4. The Pee dee Hardwood Manufac-
turing Company. Principal office. Me
farlan, III Anson county. Capital stock,
10000. lncorporators: A. Auman, A.
=. Brooks and James II. Phillips.
The business proposed to be carried
IN by the corporation is the erection and
operation Of mills, gins, saw mill and
machinery for grinding, ginning, saving
and shaping shuttle blocks and all other
hard woods TO this end the power
is given to purchase and sell material
and supplies such as may be necessary
for the proper conduct OF the business
also the power to acquire and hold
lands and other property.
The Spring Vale Cotton Hill plant will
be moved from Maine to Hickory, II. G.
There are seven thousand spindles, CAPT.
talized 1T $173,000 Hickory people win
build the mill and own most of the stock
The Southern Railway has about de-
cided to build track from Wilson'S
Mills ont to the Wilson iron mine. III
Johnston county. to facilitate the ship
ment Of ore The track will be two
miles long.
The mine has been examined by ex-
perts, including the State Geologist. and
all pronounce it fine iron deposit. In
fact it is said to contain about 60 per
cent pure iron.
The mine Is owned by Mr.. James Will
son and he is hard Mt work taking out
the ore. He is hindered in the work.
however. By the fact that he has to hanl
the ore two miles in wagons to the rail
road. 1t is sent 10 the furnace at
Greensboro.
All the land in the vicinity OF the
nine has greatly advanced in price, ii
II a Z. 4.