Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1902-10-11
Mississippi's Charter Record.

Memphis Scimetar
Mississippi is to be congratulated on
the remarkable charter record Just is
sued by Secretary Of State Power Tor
the year ending September 80
During the period the capitol stock u
companies chartered in that State
amounted to 50, 1873, 600 Thisls slightly
less than the aggregate capitalization Of
the two preceding years, when the fig
ures reached nearly S26. OJO, 600. but the
showing is none the less remarkable. be.
cause the capital stock given this year
represented the actual amount Of money
invested in the various concerns to which
charters have been granted and not what
1t pleased the incorporators to name, as
was previously the case
Under the new fee law in that State
the 1ncorporators pay to the state Zee
in proportion to the amount Of capital
invested and it therefore behooves the
various companies to name as small
capital stock as would be adequate for
the proper conduct Of the business on .
hand. The water is all thus squeezed
ont Of the capital stock and real.
actual, solid capitalization ia affected
During the year there wers BIS char.
ters granted, fraction more than one
charter for each business day IN the
year, which, taken together With the
amount Of aggregate capital stock il
volved, is showing OF which any Scus1
ern State should be proud
One Of the most remarkable. features
of The industrial az5 commercial 5a-
vslopusa: q Mississippi ~ shown ID ?
ta.s charter record "a se aunt s1s
gro t1 g ,-f :cE1sl seed I'M ing u51s
-rv During ia Fear -1ar4 v.re -veuf-- !
-- .cEa-u fe'Ht Oil nils ncw1a~esl 2
T- q ,u1n1rt saGIe4 r7gs Vi 1-.a-
U1 j9 I'd 1e .r-ga 81 aE
ease mills E-s NV d rpEl zm r
..tsaa Ii .',E8-lg-g- b c- rEsrsu=.
--s -ls sgsr ii fg " vum /,
-a-=.. iii Sr-r4- +
-s-e i 1-sl >-g-= Ii Tia Sam t
- ls----s-=. E---c r- 4--.l To-
e 1-sssz . Ia 5e-=..---
1=--zr >--.1s:z .-3-s --
- ben ss=--zr =a -
-=s,usat u this p4-sc-.s- s-
-as.eis 10 section q COUNTRY ia .=
world that takes rank with t5s 5=s
Dordon Of Mississippi in the production
# cotton, and this may in part Be Re-
ponsible for the phenomenal record ia H
hat portion Of the State. But to thi: 6
must be added the natural disposition Of T
capitalists to invest their money in this
industry
The cotton seed oil business is com
new, but those who have put q
heir money into it have reaped a rich
arvest in the shape Of dividends and
nose who have money to invest in the -
mailer towns Of the delta country are +.
rowing their abiding faith in this indus.
ry by putting their capital into it as
apidly as they can. Foreign capital has
CURED to some extent in the develop.
lent Of cotton seed milling in
Mississippi during the year, but the NJ
reater portion of the money was that by
hitch belonged to men of that State
nd the record is all the more remark /
bic on that account, 81
A good deal has been said recently
bout the nigh prices paid for cotton 500
aed in Mississippi, but one important
oint has been overlooked in these DIS 7
1ssions-the growth of new mills. The
EDITION Of twenty two new plants, most -
which are now in operation or near.
lg completion, has created more in n
snse competition than has ever been
nown in that State and to this compe
ton, more than any thing else, are
ne the high prices which have prevailed
nd which are still prevalent.