The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-09-15
MAMMOTH
COMP ANY IS
CHAR. R.'T]E:.R.E..l|'|.... ! ]
Place Warehouses ALL
Over the South. 4 Il
MILLION AND a
HALF OF. CAPITA Y y. Il.
Is Reported to Have Men sof 4
Large Means !. Behind t. 4.
RECORD. BREAKING q. \. .
DAY OF COMMlSSlOO Q ! 4.
Charters Granted TO Large Company
In This City and to Numbsr OF
Corporations and Social Clubs A
In and Around Norfolk: sS
Some Large Fees 90
Into States Golfers, 81;
is Reported to Have Men .s0f.
Large Means Behind It. ~
RECORD. BREAKING y
DAY OF COMMISSION


"A gigantic project was seton foot yss-s%
terdy with the Incorporation by the Cor.
,poratlon Commission OF Virginia Of thesS
National Fidelity Warehouse Co, with #
principal offices at Richmond, and with q 8Rl
capital stock of which the minimum 10 Y
placed at Sl,eOo and the maximum at d.,
900 900 This great warehouse company \ b
the projectors and corporators OF which
are all Baltimorears Of wealth and prom
iinence, will be backed and supported finan-, IA
tcially& by one OF the large Baltimore trust
companies. and proposes to n y estab blish 4s
arehouses at Richmond and Norfolk q and
many points in the South for, the purpose n
Of the storage OF cotton, and other goods.
merchandise and i raw products and ~
freights, both for the railway company 81
and for thei3 consgnees OF shipment Of a5
all kinds of bulk, and Is designed to find s5
Its field by relieving the rolling stock of
the railways from the strain sof 3 having 81,
to remain idle for long periods with un-
loaded freight therein. The com pany| ls 81
authorized to hold real estate to the max
Eimum OF 1000 acres and OF a alue5 not d
exceeding sl5co,oo Il Sssss
All Over the South.
@ tits pro bublei that the company MI aiIi-$ss
crease its capital from time to time q md II
secure license Ito do business In the Va
rious Southern States, espec lily for baled N
cotton and other bulky products OF the n
farm and factory. II g plan Will largely
superesede the railwa s. war ehouses and isFs
frelghts there. Above all the chief
features OF the concern Is that which IL
proposes to enable the railways to have NJ
the use OF all its available rolling stock
for the movement Of crops and the hand--s8s
ling OF its enormous business In all lines. I'm
The scarcity OF cars has become q serious n
phase OF tho railway situation at cer-
tain seasons Of the year when the crops
are about to be moved Is and only a few
days ago statement from General Pas III
senger Agent 4 henry. w Fuller, OF I the Il
Chesapeake and Ohio r ailway was pub
lished in which that official stated that u
the rolling stock Of the various allroads s.
was inadequate to the demands upon, It. vi
and thatsithe car, factories were months 81
behind in their orders and could not sup IL
ply the demand for cars of various kind
The warehouse situation will be relieved
and likewise the strain on the roads by Il
the establishment OF waret1o t1ouses. at va III
rious important points OF shipment ana N
destination Of shipments.
The charter fec paid for the incorpora-
ton OF the company $ia $500 on this charter IL
alone, the largest sum required OF any
commercial charter and OF any other
save charters OF public service corpora
tions.s 1t Is easily the larxeat corpora
tion OF the kind chartered since the COM
mission was inaugurnted, WA
The G Corporators.
The corporators OF the company named
In the application for the charters are all n
Baltlmoreans, and are Willlam Penn
Lewis, president and directors; Philip 9.
Small, director: Thomas p. ittell, direc,
tor and secretary. Mr.. T.. B. Thomason.
of this city, is the local attorney for. the
corporation, which will have Its principal
office In this city. 5s III Ma F,s
Under the stock plan Of the concern
ten thousand shares Of preferred stock
be issued. The holders OF preferred stock NJ
are to draw eight per cent. dividend an
nually out OF the net earnings Of the conn S
pany before any dividend Is paid on the n
common stock, and the preferred stock
holders shall be entitled to receive the n
par value of their stock and no more OUT 4
OF Its net assets after the payment Of tts q.
debts upon the dissolution or liquidation
OF the corporation, before the common Il
stockholders are entitled to receive any
thing to vote at stockholders meetln1V
unless otherwise provided for IN tho BY 6
laws of the corporation. The corporation
is to he n perpetual one s
Commercial Realty Company. Il tg
Among the large corporations char
tered yesterday by the Corporation Cons
mission was the Commercial Realty
Company OF Norfolk. which Ia given 4
large powers In tho matter OF eallng in Ii
real estate, The capital stock OF the Il
corporation Is $4,000 minimum and x
$50, 600 mn Aimum. In shares Of 800, Tho
officers Officers OF the company are: Nathanisl
Beamon, PRESIDENT; II. NJ. Kerr sefre,
tary and treasurer; NIessrs, Beamon ana
Kerr, F. NJ. Whitehurst, Charles NJ.
barrett, Thomas Fl, Wilcox, Alvuh II.
Martin. Thomas s, southgate and Tase' 4
we'll Taylor,
Aftongreen Stud, n
The Aftongreen Stud. Incorporates.
was chartered yesterday by the corpo-
ration Commission, It's, business being
the breeding and raising Of hne horses,
and Its location Culpeper. This Is the
flrst charter of the kind granted nv the
commission, and the capital, 1000
minimum and 100000 maximum, indi-
cate that it Is going to be a stock farm
on large and pretentious scale, The
company Is given authority TO hold . h
large hly tract Of land, The corpora.or. are
Hon. William T, Townes. OF Cnlpepey,
formerly OF PittsylYania, late consl!
General of tho United States At NJ Hio #
JaneIro, who Is president and diresfoF; sS
george II, Townes, ssNretaEy ana tres