The Birmingham age-herald., 1908-04-29
REVIEW OF THE WEEK.
Twenty-seven New Corporations Apply
 For Charters.


 Columbus. Ga, April 2S.-(Special) The Georgia and Alabama Industrial Index will say tomorrow in it's regular weekly issue:
 "All records of the present year in the states of Georgia and Alabama were broken during the week ending today, when petitions for charter for 27 new cor porations were filed. These new com panies representing investments along commercial as well as industrial lines, have a combined minimum capital stock of $43,000 and their authorized capital is well in the millions. The distinct inn provement in business conditions is well represented by the fact that in seven cays' time 2 such corporations as these should be launched, showing faith in the resources of the south and a keen appre- citation of the substantial basis of the prosperity of this section of the country
 "A very interesting incident of the week was a meeting of the stockholders of the Alabama Consolidated Coal and Iron company, at which the issuance of S5, ,0O0,0OO of first mortgage bonds was au- thorized, and the subsequent statement by President J. H. Hoadley of that company that substantial improvements would be made at once in it's properties.
 "The celebrated Atlanta spirit was in gratifying evidence, a plan having been launched by a leading real estate agent and capalst there to improve with cost ly and ornate buildings one of the princi- pal business streets. Definite announce ment is made of several of the structures that are to be erected A company will be organized for the specific purpose, it is stated, of financing these costly i'm provements.
 "The Nashville and Huntsville Railway company applied for incorporation in Alabama during the week. It is to build a railroad from Huntsville, Ala, to the Tennessee line, with Nashville the objec- tive point.
 "A distressing feature of the week was the terrible storm that swept over Geor- gia and Alabama, entailtngi loss of life and property but even from this catas- trophe must come investment and business activity. The buildings destroyed are to be rebuilt, and experience teaches that the new structures are always an inn provement over the old.
 Among the construction items of spe- cial interest reported are: School build ings, Douglasville, Ga., and Mobile, Ala. ; sewers, Cedartown, Ga, and Birmingham, Ala; waterworks, Lyons, Ga; street inn provements, Cedartown, Ga; hotel near Union Springs, Ala; lighting plant, Lyons, Ga.; proposed $20oO00 road improvement in Etowah county, Alabama, election | having been called on issuance of bonds 1 sanitarum, Savannah, Ga.; bank, Foley. | Ala; bridges, Cedartown, Ga, and Rus l sellvile, AIa.; churches, Bessemer, Ala, | Americus, Ga, Cordele, Ga, and Opelika, 1 Ala. library, Troy, Ala; hotel annex | and office building, Atlanta, Ga; ware | house, Dewy Rose, Ga.; barracks and l gymnasium, Fort Morgan, Ala; new lum-
 Der plant, Richburg, Ala.
 Industrial items of special interest | are: Mining developments at Birming- | ham, Ala, and Valley Head, Ala. saash weight factory, Birmingham, Ala; saw l mill, Collinsville Ala; package-tie fac 1 tory, Triton, Ga.; bakery, Atlanta Ga 1 furnace renovation and foundry, Annis-
 ton, Ala; ice cream freezer factory, Bir- l provement, McDonough, Ga. "A bank at Logansville, Ga, paid 20 | per cent dividend and carried a nice sum | to the surplus account. It's capital was ] then increased from $15,0O0 to $75O0O. A bank at Macon Ga, will increase it's
 capital"