The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-01-28

the Present statute RecomIn nded
CHARLESTON. Y. Va. Jan 2S--The BIZ |
enuiaI report Of Auditor L. NJ La Toilette !
is in the hands Of the public printers It /
viii be ready for submission 70 Governor |
Atkinson some tine the latter part Of the
week.
a great deal has been said about his re
port. especially Of the auditors position on
and what he would recommend relative to
the charter laws of West Virginia In
speaking Of the collections by his depart
ment from corporations, domestic, and for
eign. for The year ending May l. 1900, ne
says they we're $4,000 This is the larg-
est sum received for any one year on this
account. The number Of companies incor-
poTated has increased largely in the last
COur years.
In 1897 there were 334 domestic and $50
foreign companies incorporated; in 1898,
2c5 domestic and $50 foreign In 1899. 81
domestic and $50 foreign In the year
1895 l.1G7 Of these corporations failed to
pay their annual license taxes and were
declared forfeited by the auditors office
and publication OF their forfeiture made.
In 1898 AZ Of these companies failed 10
pay and were forfeited and IN the year
1860 120o OF the companies Incorporated
failed 10 pay their annual license tax and
we're forfeited OF these 200 412 were
domestic and 7aS foreign companies.
The total number Of domestic corpora
lions in good standing May / 1900. was
1.54I. and the total number Of foreign cor
poratIOns May /. 1900. vas 2,161 Thus.
says the auditor il viii be seen that there
are from SEQ 10 ]. 200 companies incOrporat-
ed and about the same number fail 10 pay
their annual license tax and become for
feited each year They are now being in
cOrporated at the rate Of about 1.2CG per
aunum in the cfflce Of the Secretary OF
State. and are being forfeited IN the Office
Of the auditor at the rate Of about 1850
per annum for failure to pay the annual
license tax.
The general character Of these corpora
lions may be inferred from the fact that
they allow their charters 10 be forfeited
in this manner for failure to pay the in
significant sum of SO for domestic com
panies and $50 for foreign companies.
There are many thousands Of foreign cor
porations which pay the first years tax,
$50, and. being insoIyent. pay nothing
thereafter To such an extent has the
matter been carried that West Virginia
charters are IN disrepute throughout the
country There is no other State in the
Union which permits such law It's
statute books
What has been said with reference to
insoIvent foreign corporations applies IN a
n ms
lions. The greater number Of domestic
corporations are chartered in good faith
and have property and business within the
State The auditor recommends that the
present statute be repealed in 50 far as
II relates 10 foreign corporations and
that 5he laws Of either Of the States Of
Ohio, Pennsylvania, OF New Jersey be en-
acted in It's stead
The following charters were issued by
the Secretary Of State Saturday: To The
Auburn Exchange Bank. for the purpose
CT doing a general banking business Ii is
State hank, and starts with . capital OF
SIS. 000 al Auburn. Richie county. W
Va, where the banking house viii be. The
right TO increase the capital stock 20 see
600 in all is reserved Della Summarized
and nine others. o. :. burn, " Va are
the incorporates
To the Middle Fork oil Company. Of FL
hins, Randolph county " Va for the
purpose OF boring oil wells, gas wells,
constructing ana psrating tanks, tank
ana pipe lines. pumping stations fCr the
storage and marketing OF oil and gas, 10
acquire. by purchase OF lease. land, OIL
and gas. mineral rights or supplies and 10
handle merchandise. The chief Office OF
place Of business will be kept al EIkius
". Va. The eop:tal Is $5e0 and the right
10 Increase II TO $3.50 coo IS reserved The
incorpOrGJC-s are Davis Elkins, Colin
Livingstone. Howard Sutherland. d Ell
kins, " Va Samuel D. Brady ard A
Spades Brady, Of CIarksburg, ". Va.
To the Bolivian Company. for the pur-
pose OF procuring commissions for esreb-
lShTneHt- maintenance, and operation II
whole or in part within the Republic OF
Bolivia OF any ether country OF South
America; 10 conduct railways TO be OPP
Grated by electricity or any other motive
power to own steamship lines. tunnels
etc The principal Office IS IN New York
and the proposed capital is 81 600 coo.
To the White Oak Transportation Com
pany Of SCarboro, FayeJtc county. W Va.
for mining and selling coal, uauuiacJtir
ing and shipping coke and 20 do q genera
business. Capital paid UP, go, coo and the
right to increase il 10 500 90J IN all Is
granted.
The tlcorro-ators are s Dixon. Sfacdon.
aid, H Va Enoch Smith. Charleston "
Va. F DiZcn- LOngacre, " Va and c
c. Blake, Cincinnati, Ohio.
To The Fairmont Opera House Company
Of FairmGnt. u Va This company sill
build % modern playhouse Ia the city 81
FairmonJ The capital subscribed is $500:
authorized capital SIg0 600 Sam r Nj
zun. j. T. Miller i. C. Powell. and Nj 4
JolliF, OF FaiTuont. and L. s Horner Of
Ciar- spurS " 5 q are the incorporates.
To the Southwestern Petroleum Com
pany Gor drilling wells for oil Or natura
gas and for doing and carrying on Of sUcf
other operations as are necessary or prop
CT for such enterprise Principal Office ]!
to b. kept n Marietta Ohio and the CAPT
tai subscribed is 81 Geo coo. The incorpo
rat0rs are George = Forman. /. G For
man. and J H Nook Of Marietta Ohio
and Howard A. Forlnan and Benjamin XII
lEser, o. Buffalo. X Y
A BANK TELLER MISSING.
Believed to Have Suffered Violence