The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-12-15
This Year 554 Corpora.
tons Were Chartered
LAND VALUE INCREASE
The Literally of Carolina Laws is
Inviting Capital to Develop the
Vast Resources and Light
mate Industries OF the
North State.

One of the busiest places in North Car
DINA is the office OF the Secretary OF
State. The work in the Secretary OF
States office has vastly increased in the
last year or two, but it has been syste-
matized, modern improvements introduced
and business dispatched with promptness
and accuracy.
Secretary of State j. Bryan Grimes was
seen yesterday by a News and Observer
reporter and made the following state
ment regarding the work in his office:
""The office for the year ending
vember 80, 1903, issued 423 grants, for
which it paid to the treasurer S4,540.2o
as against S3,867.92 in 1902, $3,O43.96
in 1901.
THE grants now being issued are
generally for entries made under the
old law and for land sold by the State
at 1914 and -15 cents per acre. All land
entered since March 9, 1903, very few
grants for which have yet bee issued,
will be sold at so cents or more an
acre, which should considerably in
crease the revenues from that source.
The increased values of land from
the general business Improvement,
rise in values of agricultural products
and lumber and mining development
in Western North Carolina, has caused
a great movement Of land sales and
the time of Mr.. Norwood, the chief
clerk, is almost entirely consumed in
searches" for old grants, etc.
THE sales of Supreme court renorts
have increased the amount received
from them for the year ending Deem
Der 1, 1903, being s5,071.31; sales for
1902, s3,64S.25; 1901, S3,37S.64; 1900,
$3,219.55.
There have been 554 certificates tor
domestic corporations filed in the Of
flee of the secretary of State for the
past year, on which an organization tax
OF over SIT 900 has been paid into the
treasury. These corporations repre-
scented s4S,7 90 $50 authorized capital
stock, and s15,771,49O subscribed to
commence business on.
The business mon OF the State AMI
elsewhere recognize the liberality Of
our laws, and realize that North Caro-
lima is fostering every legitimate in
Justly anu Is lINIllAS 1CpIta1 W hCip
develop it's resources, assuring it pro-
lection and fair treatment. This is
shown by the growing number of cor
porations in North Carolina.
The following table shows the COZ
porations organized in North Carolina
which were chartered by this office:
For the year ending Nov. 80, 1898, q
For the year ending Nov. 80, 1894, lis
For the year ending Nov. 80, 1895, 1873
For the year ending Nov. so, 1896, Isl
For the year ending Nov. 80, 1897, 147
For the year ending Nov. 50, 1898. 156
For the year ending Nov. 80, 1899, 207
For the year ending Nov. 80, 1900, 500
For the year ending Nov. 80, 1901, 327
For the year ending Nov. SO, 1902, 395
For the year ending Nov. 80, 1903, 554
The capitaliza ION for two yeas,
1897 and 1898 vas $5,964,250, or for
each vear-1S97, $2,9S2, 125; 1898. s.
982,125.
For two years, 1899 and 800. ST.
085, 600, or for each year-1899, S.
537, 800; 1900, s8,537,500. /
Capital authorized: For 1901, $26.-
526, $50; for 1902, S25,025, $50; for 1903,
48,790,150.
''Subscribed tG commence business
II Fol- 1901, S., 1902, 100; for 1902, 49,
946,467; for 1903, $15,771, 400.
The following comparison shows the
increase in organization taxes on cor
porat1Ons for three years: For 1903,
over $4,000; for 1902, $10,528; for
1901, $4,970.
reports for above years do not snow
amounts corporations commenced bus
mess with.
The figures above do not include the
capitalization Of railroads nor banks.
Five railroads have filed charters will
the Secretary of State during the past
year as follows Kirston and Caroline
Railroad Company, Holly Shelter Railroad
Company, Southport, Atlantic and Yves,
tern Railroad Company, North State Rail.
road Company and Atlantic Railway Com
pany. This does not represent the mum
Der of new railroads lor the State this
year, as the Legislature chartered a mum
ber."
MEkE T MEET