Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-02-18

OF the line from Alexandria north to
the Arkansas line it's northern termi-
mus being Fort Smith. The Missouri
Pacific is surveying lines from this
point east and south, and has large
forces At work on both lines. The Ar
kansas Central. which mas its head
quarters here. is being completed to
Paris.
From Shreveport. La. comes the
news Of decided activity for the devel-
oImcnt of the cotton mill industry in
tle lower Mississippi Valley. Citizens
Of that city are subscribing to Il pro-
jcctcd cooperative factory To cost
100000. Huston. clinton, Boyce. Ar
cadia and Winfield. La, are ali inter-
ested in similar projects.
During the past month the oil out
lock IN the Corsicana. Texas. field. has
very much improved. and II heavy de-
Nclopmcnt is expected in the spring.
BONDED COTTON WAREHOUSES;.
The two bonded Warehouses for tho
storage OF cotton. organized in Char
lotto. y. c.. some months ago. have been
In operation sufficient length of time
10 demonstrate the fact that the scheme
Is entirely successful. The expecta-
lions of the oriGinators Of The idea have
been fully realized. The success of the
bonded warehouse means good financial
returns To the stockholders i'll the en-
terprsc, the opening up of ready and
liberal banking facilities 10 the planters
OF the South. whereby they are enabled
To get cash advances on their cotton
and yet retain urQucstioncd ownership
oil the cotton upon which the money Is
advanced and the giving of very desir-
able facilities 10 the cottOn-mill men
for the storage OF raw cotton as we'll as
of manufactured goods. aifordinG con
NcnicnceS 20 the conduct of their bust
ness which have heretofore been UNI
known. The merchant. too. Is benefited.
for the holder of Il bonded warehouse
receipt who goes with IL into II store
gees with Il credit as good as that
which would attach to II bank cashiers
check for n like amount Of money. The
bonded warehouse has reduced the fire
risk II The minimum. Every known
source of II cotton fire has been guarded
against. II is ihls fire risk that has
heretofore stood III the way OF those
who would make cotton Il bankable col
lateral. Realizing the wide and proiita-
Bile field of investment which would he
opened up If This difficulty could be sur
mounted. the projectors OF the bonded
warehouse scheme ana representatives
of the Insurance companies set to work
10 devise plans whereby cotton Nigh:
he stored with such safety as TO make
t. available for valuable security. 1t
was difficult undertaking. but the
work was finally reduced TO such a
basis that the bis guarantee companies
were willing Ia bprId the warehouse
companies ana the tariff associations
felt safe in extending Insurance at
low rate, and that being accomplished
the bnuded warehouse had clear sail
ins before H.
NEW ENTERPRISES
The moss Important new manufacture
ing enterprises II the week announced
III the Manufacturers Record. were:
$4,000 broom company. l00-ton ice
factory and q $4,000 tire brick and clay
works in Arkausas 100000 lumber
company In Florida: $1,000 spring bed
factory and $1,000 cotton mill addition
in Georgia; $4,000 coal company, $500
drug company ana $4,000 fruit COM
pany. $4,000 canning company and i
$1,000 drug company in Maryland; $40
GOO lumber company and $95 900 tee-
phone company IN South Carolina: 500
Goa hardware company. $4,000 material
factory $4,000 IRON foundry. $4,000 iron
comrany and $4,000 wheel-b barrow fac
tory IN Tcunessee 100000 abattpir,
S25.o0o iron works $4,000 lumber plant
and $1,000 wooi wash factory in Wiz
GINA; Si0.00o brewery improvements
and $1,000 clothing factory in West
Virginia.