The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1902-10-31
THE CAPE FEAR RICE COMPANY
ORGANIZED.
CAPITAL STOCK 100000.
10 VIII row Rice on n Large Scale
on tho Cape Fear-It Already owns
800 Acres of ,ac Most Fertile Rice
Land. in the worId-kn Enterprtse
That Promises f1atterinE Success
and iii Boom the Rice Industry.

Tbs Messengers Raleigh dispatches n
few days ago announced that the sec
rotary Of state OF North Carolina had
issued n charter 10 a Wilmir gton cor
poration to BE- known as The Cape Fear
Rice Company.
Yesterday the charter was received
here and the mpa organized by the
election OF the following board or d.
r~ectors: Mr.. II. F. Slater. Of New York.
DR.. John l. Phillips. OF Philadelphia
Messrs. Burdis. Anderson. and John II.
Gore. OF Wilmington. and Hr. Walter ID.
Carstarphen. Of Plymouth. y. c.
The charter authorizes a capital
stock OF $4,000 in snares II the par
value of one dollar eacn. md the COM
pany is empowered to begin business
at once. The following are some OF
the provisions OF the charter:
To engage in the plaEuns and Guilt
walton of rice and all other CROPS. to
build and maintain roads. bridges ana
canals TO build, maintain and open
mills. steamboats,. dredSes. trantroads
and all kinds of machinery: 10 conduct
a mercantile brokerage and commission
business. and also to manufacture rice
and grain products. The corporation
shall also have power To conduct It's
business in all its branches, have one
or more offices. and infinitely 10 hold.
purchase. mortgage and convey real
and personal property IN any state. ter
ritOry or colony of the United States
and in any foreign country CT place"
The company owns and Will operate
some of the finest rice properties on the
Cape Fear. viz:
i. BLEAK House. a plantation on
Eagles Island opposite the city OF VIII
mington. containing l2G acres o: rice
land under good banks. These lands
will be ready for a crop next season.
2. "Osawotomie." on Eagles Island,
145 acres of rice land with banks that
will be repaired. enlarged and made
ready for secon season.
3. 'Lyrias," n plantation of 700
acres on the Cape Fear river. just
above Wilmington. the same containing
400 acres of rice land ana 300 acres OF
upland. This properly in 1860 IA
worth $4,000 but the banks have gone
down and il will reQuIr" considerable
work TO put the lands in condition
The mpan expects 20 have most NJ
these 400 acres ready to put I'm rice by
the third season.
4. A body of land on the Cape Fear
river near Wilmington, embracing 200
acres of rice lands In rad order. and
600 acres of desirable uDland. This
land is on the east bank of the Cape
Fear just south Of Wilmington and IL
Will be headquarters for the enterprise
On this property the company roposes
to build the necessary barns. sheds. and
houses. There is A good canal through
the property. and there is wood enough
to furnish fuel for many years for n
dredge. a tug boat and engines which
the company expects TO operate.
When all OF its present holdings. suit
able for rice culture are banked and
improved, the company Will rave about
500 acres of exceedingly fertile rice
fields, besides valuable uplands. 1t is
also the purpose of the company to ac-
Cuire other rice lands in this vicinity
and ewhere The DEPOSITS Of rich
alluvial matter with which the waters
Of the Cape Fear are haavv make these
lands ~inexhaustible. and there are no
finer rice lands any where I'm the south.
In fact the lands are as rich as any in
the world and when properly banked
and drained will yield any crop known
to this climate. Expert and expert
enced rice growers pronounce them un-
surpassed for growing rice. Indeed the
state has operated some Of these lands
and produced on them magnificent crops
OF the very best grade OF rice.
The Messenger is glad TO note this
movement for the Develop ICnt OF the
rice industry on the Cape Fear. and
we predict that 1t Is the begin ming OF "a
great revival OF rice growing I'm eastern
North Carolina. When IL remembered
that these lands will produce from 90 To
100 bushels Of rice per acre, and that
the chief article of food OF more than
half the human race * rice. IL will be
seen that it is a fine business invest
ment. Rice lands are also limited and
there is no danger OF overproductIon
anywhere in the world. and especially
in the Carolinas which produce the
finest grade OF rice IN tSe world.
The enterprise is in the hdrds of the
most enterprising. conservative and
safe business men. and nothing but
success awaits the enterprise. Mr..
Mr.. Burdis Anderson. who Will have the
immediate management :n hand is an
experienced business man and for many
years has been connected with one of
the largest corporations In North Car
DINA Mr.. Slater Is a wealthy manu-
f~acturer and experienced business man
Of New York. and DIR. Phillips Is an
eminent and well known pk. ysician of
Philadelphia. Mr.. Carstarpnen IL from
Plymouth. ~. c.. and Is widely and
popularity known as the travelling repre-
sentative OF the wholesale grocery es-
Establishment Of Austin Nichols & Co, OF
New York. Mr.. Gore ~ one of WIZ
mington's best known lawyers and ig
a partner OF former Governor %. L.
Russell.
The Messenger has wondered why
just such an enterprise as this has not
been exploited 10 develop the unsur-
passed rice lands on the Cape Fear.
and We expect To see it prove To be one
Of the greatest financial successes Of
all enterprises established I'm this part