The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-26
A TEN MILLION
DOLLAR CHARTER
A Colossal Lumber Company Organ
lied in Norfolk.
THE STATE LOSES HEAVY TAXES
The Suit Against DIR. Andrews Estate
Decided for Defendants - Norfolk
& Western Wins Suit - Rev.
Mr. Funsten Has Resigned
THE STATE LOSES HEAVY TAXES

NORFOLK, VA. April 26.-Special.-A
charter was granted to-day by Judge
Allan r. Hanckel, of the Corporation
Court. to the Atlantic Coast Lumber
Company. The company, the head ONCE
Of which is located at Norfolk. is 10
have a minimum capital of Nc0J'VD'
which may be Increased to s20coo,oD.
Under the charter It may acquire In
Virginia and other States real estate
timber. timber rights, mineral rights
mineral and mineral lands, build ana use
wharves. barges and ships. conduct mills
and manufacture timber and conduct the
merchandise business. The company Is
permitted by its charter TO hold one mill
lion acres OF land.
The chief business TO be conducted, the
charter sets forth. is the lumber bust
ness.
THE OFFICERS.
The officers of the company who shall
manage the business during the ensuing
year are Lewis A. Hall. of Bay Mills,
Mich, president; Edward b Freeman.
Of Norfolk. president and general
manager: Charles s. Fearing, OF New
York city, treasurer; Robert L. Monta-
que. of Norfolk. Va. secretary. The
Board Of Directors consist OF Wallace b.
Flint, OF New York city: Waterman a.
Taft, OF Boston. Mass: Frank j. SAKE.
Of New York city: Edward 3. Freeman.
Of Norfolk Va; Lewis r. Freeman, OF
Warren, Pennsylvania; Wrighton w.
Tunis, of Norfolk. Va; Lewis 4. Han.
OF Bay Mills. Mich.
A MAMMOTH ENTERPRISE.
The enterprise is colossal one
and before il reached print had pro-
gressed far. That the details have not
been printed previously. is due 10 the
fact that premature publication might
interfere with consummation Of the plans
Of the projectors
Six hundred million feet OF standing
timber has already been acquired on the
coast between Norfolk and Charleston,
South Carolina. The men interested are
among the most successful in the lumber
trade in Norfolk and Baltimore, and
they have allied with them many Of the
large capitalists of the East. Norfolk
goes forward by leaps. and this last is
the greatest Of all the great enterprises
which have beer launched here.
The Atlantic Coast Lumber Company
will practically control the trade Of the
coast and its vessels will probably soon
dot the seas from Charleston TO New
York and Boston. The big Tunis Lum-
Der Mills. In Berkeley. on Norfolk haT-
Dor. will cut much of the timber. which
will be II IS understood. RATED through
the Albemarle and Chesapeake Canal
from the North Carolina Sounds 10 Nor
folk. other mills will be erected fur
Their down the coast.
THE STATE LOSES.
The estate Of DR. Thomas i. Andrews.
deceased. Of Baltimore. formerly OF Nor
folk. was assessed for taxation I'm Nor
folk. The city claimed that $50 Ooo was
due for the years 1856 20 90 inclusive.
but compromised. accepting $4,000. The
claim of the State was for nearly $4,000
and the case was tried in the corpora
ton court. To-day Judge Allan r. Hanc-
KEEL decided it in favor of defendant and
the taxes will not have 10 be paid.
The Norfolk and Western railroad was
indicted in Norfolk county as nuisance
I'm failing 10 maintain safety gates al
certain crossings. Judge Portlock to-day
dismissed the charge on technical groands
holding that a nuisance had not been
committed, since the company was char-
tered by the State and that an indlNla-
nal II Injured. could sue the company.
MR.. FUNSTEN RESIGNS.
Rev. James Bowen Funston. rector or
Trinity church, Portmouth. has resigned
his resignation to take effect upon his
conservation as Episcopal Bishop OF
Boise. Idaho.
The Norfolk councils have reduced the
license charged retail liquor dealers
from $3.50 per annum to $3.50 per annum'
MANY protests are being made.
The works of the Imperial Guano Co.
NJ Gilmerton. near Portmouth WIRE
burned to-day shortly after noon. Inc
loss is large.