The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-02
A GREAT SITE
FOR FACTORIES.
Bright Outlook for Building up OF
Mayo Island
AUTHORIZED CAPITAL 100000.
MIR. Ware b. Gay. With Boston Capt.
talists, VIII Make the Island the
Home of Many Manuiactur-
ing Plants.
AUTHORIZED CAPITAL $4,000

Through tie eXcrtiOus Of MI " are D.
Cay, OF this city, who has secured the
cooperation Of Northern capitalists there
seems no reason 10 doubt that within the
,ext tXo wears Mayo Island VIII Deev"ie
Inc site oil q number of large manul'0-
t,rinr plants. The large sum VI money
necessary TO put the island IN cohu1.'o.i
which viii render IL safe from the river
,.ben al its highest has been subscribed
Indeed. a considerable portion OF INC
work has been done. and IL Will be resuih-
ca lust as soon as the water Is suul1ivi''
~ low. .t..,,. initial
Wtlh a view of increasing their capi11i
stock I'm order 10 carry out the I'M
movements. the Mayo Bridge and Lana
company. with its name chauseu ~ e'ie
MAYO Land and Bridge Company, was
Yesterday morning granted cnarleI III
the Circuit Court, which authorizes " -
acquire Mayo bridge and app1tleii-li'1 80,
10 improve real estate, construct dAu
oporate quarries, mills and factories an"
conduct steam and electric plants.
It's capital stock is fixed at not less
than $4,000 nor more than $4,000 0tiNed
fn,o shares OF so each. Real estate can
be neld to the amount or slgeg
OFFICERS CHOSEN.
The officers are Messrs Ware =. Cay,
treasurer and assistant secretary; Juuus
Baker secretary and assistant treasurer.
Directors Messrs. Ware b. cay George
n Bau. Charles II. cole, Horace H.
Stevens and II. W. Wesson. All OK the
gentlemen. except Mr.. Gay. are OF Boston.
A meeting df the Mayo Bridge ana
Land Company was held at No. IS nofth
Ninth street yesterday for the purpose
|. of arranging the transfer OF the property
but on account Of the charter not having
been prepared. an adjournment was taken
until 10 o'clock tomorrow morning
Mr. Ware b. Cay said TO reporter
YESTERDAY that the attention OF large man
,,e,cturers had been called 10 the
s1vortages OF Mayo Island as a
iocation and that they We're mucn
rIeased with the possibilities, "heh
tbe ,roposed wall about the island mas
- connIofcd and the material from
,,o river nlaced behind "a, thus raising
no eurface sufficiently to prevent any
hostility Of an overflow, and niaklns
The sizes as free from floods as though
located or Church lil. ,o>-
FINE LOCATION
"rho advantages Of the location, sala
Mr.. Cav. "are many. as some ',"p ls..
Of wharfage will be created be,"" .'s
bri5ge Thus enabling light draught craft
10 come dl0NioAAt w $1,000
charge freight. j. ..,r,,
This sygtem OF lighterage Is EgIy
largely employed in New York. Phla,
delnbia. Boston. and other cities ana
can bo made available here. insurins
minimum freight rates 90 and from H'cn-
mond. ..,..,,.,,,
water FOR steam and manufacturing
nurposos can be taken from the river
vyithout cost to manufacturers ana the
drainage from the factories may be very
easily effected. Foundations can De
cheanlv erected. as granite underlies the
whole island at not more than I'VE or SIX
feet below the surface al any point.
"a large portion Of the work was done
last fall and a resumption OF wnll-buiid-
ing and quarrying only awaits 10"
water"
Mr.. Cav said that he expected a con-
tractor here during the coming week 20
make a bid TOR the wall and also for the
work OF filling behind It. The work VIII
nrobably be completed In two years.
There WI b. about 61oN0 square feet or
land ava '..le below the bridge and more
,bar n million square feet above.
Mr. Cav Is satisfied that AT some no'
distant dav the island will be filed with
manufacturing plants.