The semi-weekly messenger., 1907-01-01

a syndicate for the development of
one Of the finest bodies Of timber lands
in the eastern part of North Carolina
has recently been formed here, negOtia-
tions for which have been in progress
for some time. 1t was not possible un-
til yesterday to get any authoritative
news concerning the plans Of the com
pany, but official announcement was
given out yesterday that reveals the
gigantic undertakings of the new corp
Grafton
The syndicate will be known as the
Town Creek Railroad and Lumber Co,
and it's capital stock will be more than
a quarter Of million dollars. The Of
ficers Of the company are r. f. De-
Vane, Red Springs, president; A. J. Nc
KinnOn, MaXtOn, vice president; L. w.
Whitehead, Wilmington, secretary and
treasurer. On the board of directors
are the following gentlemen: R. F De-
Vane, A. J. MckinnOn, Martin Mckin-
non, T. W. White head and c J. Coop
er.
For some time the promoters Of the
company have been working on plans
for the organization, and they have
been buying timber in Brunswick cOun-
ty for more than a year. Their first
purchase was that of the Gibson mill
and the timber holdings, at Town
Creek, where there now is in operation
a large double-decked saw mill, with a
daily capacity of 10000 feet, planning
mills dry kilns, shingle mills, etc.
The company's holdings up to the
present. time consist in about 0,O00-
900 feet of pine and cypress timber, be-
sides about 250OO,OO0 to 10000, 900
feet of hardwood There is also now in
operation a standard guage railroad,
IA miles long, from Town Creek, south
in the direction of LOckwOod's Folly.
This road will later be extended on to
Wilmington, distance Of II miles, and
the plan is for future extension either
to Southport or to Little River, S. c.,
or possibly to both places.
The same interests that own and con-
troll the timber properties and holdings
Of the Town Creek Railroad and Lum-
her company, together with some ad-
ditOnal outside capital. have organized
under the name of the Wilmington,
Brunswick and Southern railroad, for
the management and control Of the
railroad end of the business. The Of
ficers of this company are L. " White
head, Wilmington, president; G. i.
Cooper, Fayetteville, vice president;
Martin McKinnon Red Springs, second
vice president and r. F. DeVane, sec
retary and treasurer. The directors
WhitohnoH nnNanoo
A. J. McKinnon. C. J. Cooper, Mar
tin NIcKinnon, w. H. Chadbourn, r.
W. McKeithan, George H. Bellamy and
Jackson Stanland. Along the line Of
the proposed railroad the company
owns in fee simple several thousand
acres Of the finest trucking lands in
eastern North Carolina. These lands
will later be developed and opened up.
this work being done under direction
of Mr.. W H. Chadbourn.
This new company has been OTgani-
Zed with a capital stock Of S200.000 and
the combined capital CT the two COM
panies will be something like half a
million dollars Wilmington will be
the base of operations for all business
one by the new concerns.
These companies will do wonders in
the development of Brunswick county,
which is without doubt one of the best
timbered sections in the state, and also
ranks among the largest naval stores
districts in North Carolina. 1t pos
sesses a wealth of resources that have
scarcely been touched, which when de-
veloped will make that county one Of
the wealthiest in this entire section.
With the completion of the Whining
ton. Brunswick and Southern railroad,
Wilmington will have six railroads all
radiating from the city in different
directions and all drawing TO the city
an ever-increasing and constantly ex-
Danding volume of business
CHRISTINA DAY WEDDING