The semi-weekly messenger., 1905-09-19

tics
The charter of the Carolina Truck
ing Development Company was re-
ceived at the office of the clerk of the
court yesterday.
This is the company organized by
Hugh MacRae and Company, who are
the chief stockholders. The authoriz-
ed capital stock is 100000, but the
company can begin business when
$4,000 shall have been paid in. The
incoTpCrators are, Hugh MacRae and
Company composed of Hugh MacRao,
M. +. H. Gouveneur and Charles p
Bolles, .Jr), Eugene w. Van c. Lucas,
Walter c.. MacRae, Cameron F. Mac
Rae, Eric Norden and Junius Davis.
The charter is blanket one and al
lows the company to do anything tnat
any other company can do. Between
three and four pages are devoted to
the industries that can be engaged in
The home Offices of the company are
to be located in Wilmington, but it
can have branch offices in other states
and territories and in foreign coun-
tries
The objects of the Incorporation are
TO hold, purchase and otherwise ac--
quire, sell, assign, pledge, or other
wise dispose of shares of capital stock
or bonds. AS stated above the corpo-
ration is allowed to engage in anything
that is lawful and that may be deem
ed by the cOrpOratOrs, useful to-pro-
mote the general development of it's
properties.
The authorized capital stock of $780,
900 is to be divided into
5000 shares of $100 per share, but the
right is reserved to commence busi-
ness when $4,000 shall have been paid
in. The amount of $4,000 has already
been subscribed for as follows, Hugh
MacRae and Company, 80 shares, and
the other incOrpOratOrs shares each.
It is understood that the company
will begin business at once and later
increase the amount of paid in capital.
This company was organized for the
purposes of developing the great truck
growing belt and within the next five
years some wonderful changes will no
doubt take place in the territory ad
jacent to Wilmington. 1t is under
stood that the firm of Hugh MacRae
and Company have secured options on
about 250.000 acres of land in eastern
Carolina. This land lies in New Han
over and adjacent counties. For i
year past Hugh MacRae and Company
have had men employed getting op-
tions on land and a force of about so
civil engineers in their employ. Men
are still out getting options on and
and the civil engineers are kept busy
Most of the land is good for trucking.
Some Of it is rather marshy and other
poor, but by drainage and improve
ment it can be made into fine truck
farms. 1t is Mr.. MacRae's intention
to bring in immigrants and he has
been heard to express himself as fav-
oring the Welsh people.
To get even a portion of the great
truck growing region thickly settled
with Industrious farmers would saon
make it one of the wealthiest and
most widely known farming districts
in America. Eastern Carolina already
enjoys reputation all over the UIit-
ed States as the great strawberry
growing section, but it is Mr. MacRae's S
idea to have other truck crops grown.
Quite large amount of lettuce is now
grown in eastern Carolina, some po-
tatoes, radishes, beans, asparagus and
several other vegetables, but not on a
very large scale That is, there are
some other sections that exceed in :he
production of these vegetables.
1t now looks like no section of North
Carolina has as bright prospects as the
territory adjacent to Wilmington. 1t
takes diversified industries to make
any section powerful, but nearly every
prosperous locality owes it's prosperity
principally to some particular indus
try. The industry to make Whining
ton and eastern Carolina powerful is
truck growing. What made Durham
what it is was tobacco, but unfortn-
nately for Durham there were far
mers in many other sections that
found they could grow tobacco SUE
cessfully and this caused what haC
formerly been known as the great TO-
bacco belt to no longer have moncp
oily. Tobacco is now grown success
fully in nearly every section OF the
state. A similar condition can nave
exist as to truck growing. The prin
cipal truck crops can only be raise:
where the climate is mild and require:
certain kind of soil. Every condl-
ton makes this great eastern section
the ideal truck growing region OF n
eastern states and what is good 10
the truck growing belt will redount
to the advantage of Wilmington.