Daily press. [volume] (Newport News, Va.) 1896-current, 1908-08-29
two Hundred eencefts Go Out Of
Business d Two Years
COVERS nlIr LINES Of BUSINESS
Norfolk Reports sIxty-one as peiin.
quent, Reflex Of the jamestown
ExposItlon--seeiai Clubs Hard Hit
Several Insurance Companies Go.

RICHMOND, VA. Aug. 2s.-Char.
tiers OF all sorts have been revoked
by the people who obtained them
simply because they did not pay at
tention to the laws Of the state and
register them annually as required
by law.
The list of the delinQuents for the
years 1906 and 1907 was made pub
lie yesterday afternoon by Clerk w
son, OF the state corporation commits
sion, and 1t contains something like
two hundred concerns which are no
longer recognized by law and which
have no corporate existence at this
time.
Reflex OF the jamestown Exposi'
ton is to be seen in the number OF
concerns chartered for the city OF
Norfolk and which are down and
out and numbered among the men,
cries OF the exposition. These EN-
brace variety Of subjects. and
the possibility Is that many OF the
projectors of enterprises made enough
money Mt the exposition to retire
from business and thus failed to
make any report Of operations and
to pay the registration fee.
To take another phase of the case.
there are twenty-one social clubs
which have given up the ghost. retir'
ed, quit, closed up-vacated. The II
ties of these institutions vary-the
La Grande. the Marshall. the Iron
sides, the buckingham, the Union, tn.
Pleasure and Athletic club and some
others. These owe their demise
principally to the operations Of the
Byrd law, and the next year will show
even a larger number than is delin-
Quent this year.
Six Insurance" companies went by
the board. These concerns were
mostly local, and the promoters APP
pear to have gotten their charters
and to have just waited for business
TO come to them. But the older con-
Germs hustled and the new ones
either from lack Of pushers or imam
cial backing, just passed away with
out notice. These concerns have no
right to do business in Virginia. and
| If there are policies in force today
they are hardly worth the paper on
which they are written.
Seven amusement companies have
ended their careers. The I'M
preston has been that all
these amusement companies have
! been making money, for they have
been drawing immense crowds for a
long time, but the fact is no attention
has been paid to the laws and they
are no longer recognized under the
statutes made and provided.
One could find a chartered company
flor almost anything he might desire
cemeteries. iaundries, telephones.
buggies. bakeries. banks, mining. ae-
rial navigation, fruit concerns. music.
oil. coffee. oysters. electric. paint. real
estate, ice. mineral water. trunks.
investment security, bonding. benefi-
cial and pensions--and others.
THE Grand Lodge Of the Grand
Accepted Order Of the Portsmouth
Organization which has been number
ed among the things that were.
while the National Ex-Slave Mutual
Relief Bounty and Pension Associa-
ton Of the United States OF Ameri-
ca in Virginia" was the title Of a
Petersburg enterprise that is no Ion
ger known among the officials OF the
state as an active organization.
Had all the enterprises which have
been chartered been active and In
full force and operation at this time
there would be no lack OF employ
ment for the hundreds and thou-
sands of idle men TO be found on
the streets Of the cities today. The
state would be receiving immens"
fees for registration Of charters and
the Golfers Of the Old Dominion
~x,,1a ~, brrxf;n1 NTH revenues