The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-01-06
SIC. CRIMES REPORT
i.IEEEgssa
8uiIdingcn State Lot Strongly
Recommended,
Corporations in North Carolina Nel!-Arangt d
Tables for Different iods---395 CEal-
tered Last Year,

The Biennial Report of the Secretary
of State, Col. J. Bryan Grimes. which
was issued several days ago, contains
matter of great interest.
Within the last two fiscal years there
have been issued 1872 grants of the public
lands, on which account there has been
paid to the Treasurer $691t.8S
The report states that the supply of
the Code Is practically exhausted and
that it's sale has been discontinued, in
order to keep the volumes on hand for
the use OF the Legislature. Revision by
a commission is recommended.
The general indexing of the grants up
to 1901 has been completed, Col. Grimes
reports, by Mr. A j. Field.
During the last two fiscal years there
has been paid into the State Treasury on
account of the sale Of Supreme Court Re-
ports $7,026S9 The work of issuing an
notated reprints will be continued.
The need Of more room in which to file
records and valuable papers in dwelt
upon, and a three story fire-proof build
ing is suggested on the lot on the north
west corner of Salisbury and Morgan
streets, to cost not more than $4,000.
This building could be used for an arse
nal offices and legislative committee
rooms, besides storage place for docu-
ments.
A modern. liberal Trademark Law" is
suggested as a convenience and protection
to concerns doing business in the State
and a source of considerable revenue
to the State.
Much space is devoted to the subject
of Corporations. Col Grimes says:
'The industrial advancement of North
Carolina in the past few years has been
especially marked, and this has been en-
phasized by the rapid increase in indus
trial enterprises and the almost daily
inquiries received by this office as to the
States resources and requests for infor
nation about our corporation laws.
combination of capital with limited ind-
vidual liability seems now to be the most
satisfactory mode Of commercial and in
dustrial progression.
"Our citizenship is conservative but
advancing we invite capital; our laws
ere just and favorable; the courts are i'm
partial; the press Is friendly to inmi-
grafton and each part of the State is
vicing with the other in extending hos
pitality to investment from other States.
"The eagerness with which our people
welcome capital, giving building Sites
rights of way, voting bonds, subscribing
to bonds and offering other inducements
to corporations, is an eloquent denial Of
the too fippant charge that we would
repel investments and impose upon cor
porations. In instances where hostility
is shown, the corporation itself is to
blame. The policy of the State is to give
capital absolute protection, but let it I'M
derstand that it comes to foster, not to
destroy"
Some of The most important features
of the present corporation law are men
toned.
There are lists arranged in tabulated
form of the corporations formed from No
vember 0, 1900. to April l, 1901; from
April /. 1901, to November 80. 1901. to
November 80, 1902. :. These tables are
we'll arranged containing the corporate
name of each company, with it's location.
the name of agent in charge, authorized
capital; amount commenced with, amount
issued, date of filing, and period Of eXis-
tence.
An appendix contains full list Of cor
porations doing business in North Caro-
lima November so, 1902. Besides the
name and location and agent in charge
of each corporation there are given in this
table the amount of authorized stock,
amount actually issued, and date OF filing
report.
Another table, as follows, shows the
number of corporations organized in
North Carolina which were chartered in
the Secretary of States office, year by
year, since 1893:
For the year ending November so,
For the year ending November so,
1884 10
For the year ending November 80,
1873 13S
For the year ending November 3d.
1875 lol
For the year ending November 80,
1897 E. =. 147
For the year ending November 80,
1898 LOO
For the year ending November &c.
1899 zVi
For the year ending November 80,
1900 :. >. :. :. :. :. :. :. :. :. 300
For the year ending November 30,
1871 5ZI
For the year ending November 30,
1907 so