Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1905-08-26
Capitalists Organize a Company to
Develop Valuable Deposits.
CHARTER HAS BEEN ASKED FOR
Company Will Have Capital of $25O,0OO, and
Will Be Known as Martinsburg Brick &
Tile CompanyFine Prospect.

CLAW shipped from this land to the
plant Of the American Clay Machinery
Co.. Mt Bucyrue, Ohio. and each piece
OF work bears the imprint of the fac.
tory. where the CLAWS and shales were
subjected to severe tests before being
certified to by the members of the
firm.
WILL EREJT BIG PLANT.
The Martinsburg Brick 81 Tile 90.
will erect one OF the largest plants Of
the kind in this section If the coun-
try, locating it on the land where the
raw material is found, about two
miles south of this city. 1t is pro.
posed to Issue 1885,. 900 in 6 per cent.
first mortgage bonds. and of this sum
the company will spend about $3.50. 900
in building and equippinR an sxteu-
sive plant, with railroad and other
facilities. paying for the land, right
of way. ETC., and leaving cash bal.
anoe of $25, 900 for working capital,
and large balance of stock in the
treasury. The bonds and ste ok will
be of the par valne of 500 each
Encugh of stock has already bean paid
for to secure charter under the laws
of West Virginia. and this document
will be returned from the office of the
secretary of state in short time
The total capital took of the company
will be $3.50, COO, and his will be fully
paid up and non a sessable. The prin-
cipsl offices will be located III Mar
tlnshurg. and the Bank of Martins
burg will be the fiscal agents OF the
corporation. In the intert st of the
business the officers state that it is not
advisable to give out the full details
Of the concern. bot it can be conf
IDENTIFY stated that the big boom for
this county, predicted bv Assistant
State Geologist Grimsley recently has
in fact begun, and that this plant will
be bat precursor of others for the
manufacture Of ether lines of market.
able products.
OFFICERS AND MEMBERS.
At the recent meeting of the pro-
motors of the enterprise the temporary
officers were selected as follows;
Presdent-John J, Hetzel
Secretary A. d. Darby.
Treasurer. Frank Thompson.
Ina ~ II
Menear. In. Bailey. William White,
Charles l.. Blissard, all of Psnnsyl-
vania; Il. f. Willard. John J. Hetzrl,
J. Frank Thompson, A. ID. Darby ami
f. Vernon Aler, all of Martinsburg.
Mr.. Hetzel and Mr.. Iverv were
appointed a commits tee to visit the
officers of the Baltimore 81 OHIO rail.
road and discuss plans for running a
switch from the clay aud shale lands
to connect with the Baltimore q Ohio
read. and it is expected that this part
of the work will he fully determined
upon and the route laid out within
the next few weeks.
NATURAL ADVANTAGES.
One of rhe strongest elements of sue.
cess of the new company ate the great
natural ADVANTAGES this section affords
over all other sections in the elst
The raw material is of the very best.
and can be found in such quanrities
that it is practically inexhaustible.
Four great MAJ kets- Warrington, Bal
timore, PHILADELPHIA and New Yoik-
are within easy freight distance, thas
allowing the finished product to be
placed on the market at a minimum
of railroad charges. with many lesser
markets also within oomuaratively
short distances. The company has
control OF the very best and latest
methods of manufacture, which. with
the unsurpassed quality OF the raw
material, would enable them to easily
compete with all ether firms, and give
them decided advantage in this sec.
tion as well.
! 1t is confidently believed that Berke.
J ley county is on the eve of a tire.
mendous business era, and that the
new company will blaze the way for
the establishment of plants for the
manufacture of other lines of valua.
I hle products.
Z