The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-05-06
SOME OF BRUNsWicKs LEADING
CITIZENS ARE INTERESTED AND
1T WILL MEAN A GREAT DEAL
FOR THIS CITY.
THE PETITION FOR INCoRPoRA-
TON is PUBLISHED TODAY.
COMPANY WILL BEGIN WORK
AS soooN AS POSSIBLE.

A News reporter called on Col. @. r.
Goodyear, who has been active in the
preliminary work leading to the grant
Of this charter, for such statement as he
felt justified in making at this time, S
to the purposes of the company He said
there was very little to say; that the
charter was self explanatory.
That all it seemed desirable to add
was that the paint oil and yarnish aud
other preparations which may be manu-
fuctured by the company are the in
yention of Mr.. " E Dempster. of tins
city, who has been experimenting for
many years. made many tests of his
oil on buildings here, some Of which are
over seven years standing; that in this
climate, which is especially hard ON all
classes Of paints, the paints made from
the Dempster oil have stood remarkably
well, such tests being certified by re-
putable and disiuterested citizens that
tests had been and We're being made in
New York city and in a number of
cities i'll Georgia and Alabama, and that
the certificates so far given were very
satisfactory that these tests would seem
TO Justify the belief that this oil viii
prove satisfactory wherever hnseyd oil
can be used in paint; that it has special
preservative qualities ON all classes of
iron, tin, steeel and other metal work
that tests are being made Of its qualities
in salt water as preseryatiye from the
torepo and preventative of foulmg on
vessel and otherwise that he company
viii commence business in a quiet way
and extend it as the demand increases.
asking no favors, only asking fair treat
ment from the city.
Col Goodyear has some statistics
gathered from oil jobbers in the limceed
trade, as to the amount of linceed oil
used in the United States, which is es-
timated at $4,000 600 gallons or ,000, 600
barrels per year used IN various classes
Of paints besides large quantities OF
adulterated oils Of various sorts used as
substitutes for linceed oil.
Col Goodyear was asked how the
price would compare with lincecd oil,
aud his reply was that it would be very
much cheaper He also said that he
desired to make no extravagant claims
for this oil, but preferred chat actual
tests and the certificates Of those who
had made them should speak for the
merits of the procuct.
Following is the petition for iseor
poration Of the company.
STATE OF GEORGIA,
COUNTY OF GLYNN.
To the superior court OF said county:
The petition of C. p Goodyear. ST..
c. Downing, w. E. Dempster, Walter
b. Isaac. and c. P Goodyear, Jr., all
OF Glynn county, Georgia. respect
fully SHOWS:
First That they desire 10 be incor-
porated under the name and style Of
the Brunswick Paint Oil & Varnish
Company" for a term OF twenty
years, with the principal place of bus
mess at Brunswick Georgia and the
privilege of establishing agencies
elsqwhere and employing agents in
this state, the United States ami for
eign countries.
Second The object of said com
pany is to engage in manufacturing
and selling goods for profit, ana the
principal bushes which they desire
10 engage in is the manufacture OF
paint OIL varnishes. mixed paints,
and sale of the same
Third. The capital stock Of said,
company to be fifty thousand dol
lars (s50,000), in shares of one hun
dred dollars cash, one-half thereof to
be cumulative, participating prefer
red seven "a per cent paying stock,
that is 20 say that before the common
stock shall receive dividends there
shall first be paid to the preferred
stock a seven per cent dividend, and