The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-05-03
COMPANY ORGANIZES
To PUT GREAT STEEL
PLANT At HOP{WELL
Virginia steel Corporation Is Headed
by r.. II. Patterson OF
Petersburg
$3.50, 900 OVER SUBSCRIBED
IN THE LAST THIRTY DAYS
Board OF Directors VIII Meet This
Afternoon to Adop, Constitution
and Make Application for Charter.

Special TO The Richmond NlfRinian)
Petersburg. Va, May 1.-THE VIZ
gina steel CORPORATION. "A new s.. 900
o00 industry. was formally launched
mere tonight at n meeting held in
Library Hall. wher 1t Was announced
that a movement started last thirty
days ago with that end in view had
resulted in the necessary INITIAL stock
Sub$cIl pttons II $3.50, 900 being over
subscribed and when officers AID a
board OF directors were naned for
the frs; year. a. follows:
president, Edmond Harrison Pat
terSon. 81 Petersburg first vice. nreei-
dent Tarlton + Heath. OF Peters
hura. ccona vice president. Max
N@us'aister of tf3p@Wsr; Third Wee
president, Joseph l. Rosenberg. Of
-.eI,hur..
Dsr,l tors Charles : Barrow. of AL
mer, John l. Vaughan. Ashton W
Gray. Frank M Hobbs f. II Patter-
son. T F. Heath. E. h. J, Whitmore
=, Fun Il. H. Mann and VI.
Warren. OF Petersburg. and Max Neu-
St4ainr, = walter Long ard Richard
Eppes, ri Petersburg and HopeweiI
meeting of the board OF directors
Will be held IN the Petersburg Cham
Der Of Commerce at 4 o'clock tornor-
'N"NN' AiN|iA AhA IN" IbE b'pSt "a
adopting bylaws. mapping out plans
making application for a charter and
tAktnS such other action as is neees-
sarY 10 further the movement
The idea Of esta blishing the indus
try was suggested for the FIRST time
q meeting OF the Hopewell 500 00o-
League. held at the Stratford Hotel.
here, on April 3, for the purpose Of
considering the effect OF public state
fs.E b tFrvI
date by Nice-President Brown. OF the
l.. nuTout de Nemours Company,
concerning the future Of the HONEYWELL
Euncottou plant
James e. Cutheert. a Young Peters
burger. who was in Richmond that
night comforting with w Il Miller, OF
the W r Miller Company Of Pitts
burg. concerning the location of a steel
plant at some point lower down the
James River. learned OF the Petersburg
meeting and immediately switched his
plans of location to a site which had
been offered by the Greater Hopewetl
Corporation on the AppomattoN, be-
tween Petersburg ard HopeweH The
idea met with immediate favor and
few days later the campaign for sub
scriptions, which resulted In the organ
ixation of the plant, was launched,
The work of construction on the
ptdhl Will ut commenced undeF the
Supervision of the w, r Miller Com
pany as soon as a charter can be Sc
cured and the contract win call for
the completion OF the plant within
seven months. The success OF the
movement UP TO- tonight has been
marvellous and 1t Will doubtless tend
to establish the ability OF Petersburg
aud Hopewell business in the financial
world rs nothing has done in recent
years In the South,
Tonights meeting was among the
most enthusiastic meetings of business
men over held In Petersburg. The
speech of Captain Heath In nominatin
Edmond II. Patterson for the presi-
dency of the corporation would have
done credit to the greatest of hnan-
ciers. Much credit for the par: that
j. f, Cuthbert, Frank y Fuller. WAL
ter Sachs, r. II. Mann. Joseph Rosen-
berg and others have taken in the or
Eanization of the plant was voiced
at the conclusion of the meeting. All
arrangements for raising the remain
der of the 100000 capital have been
perfected