The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1910-06-08
GREAT GAINS
Made in Capital Invested ia Soulh
Caresna
SINCE FIRST OF YEAR

Over Eleven Million Dollars in Peti-
tions for Charters and Commits
sions.-The Fees Paid the State |
Larger Than Ever Before.-TheJ
May Break the Record.
The State says over s11.000.00o
represents the amount invested in en-
terprises in South Carolina since the
i.s, OF the year which IS an unpre-
cedented record for the State as 10
the capital used. In several instan-
ces companies were organized and re-
chartered. bu; the majority of the
s11 100000 represents new business
The records in the secretary OF
states Office shows that to Apri! !
charters were issued to companies
with 4 capitalization OF over $1,000
900. Since April l several large COM
panies have been chartered and re-
chartered.
The Charter Of the Pelzer Manu-
featuring company will expire at an
early date and new charter in per-
pctui;y was secured This concern
has capital Of s1.00o.G00 and was
chartered by the Legislature in 1850
for term Of thirty years. The
Pelzer Manufacturing company is a
pioneer IN the textile industry in this
State and is one Of the most sue
cessGul manufacturing concerns.
Another large company TO receive
a charter since April was Tx. San
tee River Cypress Lumber company
OF Ferguson in Oranceburg county.
The company has a capital OF ST.
100000. In connection with gen.
| eral lumber business. the company
will do general mercantile busi-
| ness.
The secretary OF state has turned
| over 10 the State treasurer the sum
OF sI.05l.9l as charter fees received
, since the first o! the year and up
10 April l. Since April over So
500 has been received by the sec
re,a.y as charter fees which will be
counted on the presn, quarter.
The total amount received as char
Ger fees from January l TO April |.
1909. was s5.5614S. which is nearly
! $4,000 less than for the present year
The total amount received in char
ter fees by the secretary OF State 70.
the year 1892 wa ovc- $4,000
Judging the increase over the frs,
quarter OF the year OF 1910 and
1909. it is estimated that at leas,
100000 will be secured from char.
ter fees. which amount will be the
largest in the history OF the State
The number Of dissolutions for the
present yer has been less than 70.
1909 10 the prcsen; time.
The records il the secce;ary's Of.
fee show that the industries tha,
have been chartered are varied. There
have been a large number Of com.
panies chartered with capital stocks
ranging from $4,000 to 100000
a number have been incorporated
with over $1,000. 900.
| The larsss; number OF companies
70 be chartered were N Georgetown
Charleston and Greenville The in.
crease in these counties has been
most marked
There has been special activity in
real estate. More than score OF
large companies have been organiz-
ed in Charleston and Georgetown
and especially Georgetown. which
county makes a fine showing FOR rea
estate companies.
In Charleston real estate values
are said 70 have made phenomenal
advances during the past few years
Property is said 10 have doubled IL
value This fact is shown that a,
least a dozen substantial! real es-
tate companies. backed by the lead
! ing business men OF Charleston. have
been chartered during the first threo
months OF the y!a,. The capt.i OF
these companies average fron Sc
600 10 over 100000.
a nuEher of smaller industries
Fave rcer organized with snbStr;!r:l
capi;7rs Included under this nigh:
be mentioned the large number OF
mer:.-.,ie ie companies that have ~, n
chartered IN almost every :o~2 II
,, me state This would Indicate that the
mercantile business is good. F-w
dissolutions of this nature of b1si-
Hoss have been reported.
More companies have been or:.a-
lied during the year for the p':.-
pose OF conducting farms than il tn
! history Of the State. TAO companies
ave been organized With a cd).t,l
more than $1,000 Generally ner-
camille company is conducted in con-
rec;ion with these companies.
Other corporations orsauizc'i 4
clude banks. buildings and loan as
sociations. realty companies. tele-
phone companies. vegetable COM
panies. boat lines and loan companies.
The organization OF textile COM
panies has been unusually active.
Something dew for the State has been
the corporation Of the two underwear
factories FOR Grcenville Each OF the
companies has capital OF $4,000
and will manufacture high grade un-
der wear These companies are con-
trolled by South Carolina capital
Several knitting mills have been or
Sanized with small capitals.
Causes Serious Sickness.
Watch the .ly as he stands on the
hmm NJ sugar i06uSf ri0uSiy ujniD-