Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-12-03
GREAT UNDERTAKINGS IN
MANY SOUTHERN STATES
Northern Money Pouring Into Dixie
land for Investment In Develop
mental Work.

According to review OF Southern
development az set forth in the cur
rent issue of the manufacturers Rec
ord. industrial advancement saw no
Falling back last week. The activities
cover wide variety Of undertakings
IN all parts Of the South. especially in
the two Nirginias and the two Caro-
linns. Shipbuldns plants. new iron
and steel works. textile mills. drain
age undertakings. coal-miuinS develop
lnrnis. etc. are included in the enter
prlSc* noted. which in several Instances
represent large capital investment. and
much of that capital is coming To Dixie
from the North. which shows how the
great South is attracting the money
that is said &c TIC 1T this time crowd
inE the vaults of the banks OF New
York and other cities above Mason aud
biNon's line.
Among some of the more Important
undertakings noted are The following:
The Norfolk Shiphuilding and Dry
DOCK Company, Norfolk. Va. recently
organized with Sl5o0.0O0 capital con-
templates constructing floating dry
docks for SOO0-ton and another for
",VoO-ton Vessels. machine shops. etc.
Toy building and repairing ships
TN" TcNaS steel Company. Beaumont.
Texas, which was Incorporated some
time ago. organized with $1,000. 600
capital. and proposes to build furnaces
".
and plant with daily capacity Of 200
tons OF pipe: has 2o0-acrc decrwatrr
site on NechcS River and 5000 acres
OF 'ron-orc land IN cass Marion and
Norris Counties, to which it has con-
Structcd y railway: future plans con-
template new facilities i'll order To sup
ply rails and ,ptton ties for Texas
Louisiana and oklahoma
lhc M"nonSilia Coal Lands Corpora
tlon. Charleston. W. Va. chartered with
Si''oo'ono cupi,al to develop $4,000
acres NJ coal land
Pincy Fire Creek Coal COMPANY.
hecNleN W Va. organized with $780,
""o capital TO develop 90? acres Of coat
i"na. ana VIII equip for u daily ca
pac'tN Of 1000 tons Of coal
N"vcrdarn Hosiery Mills. Charlotte.
y, VIII build eco knitting machine
"eekiy capacity OF 1000 dozen pairs OF
hose
johnson city Mills. johnson civ.
Tenn. awarded contract for $40.
buildings ana $4,000 electric driver
machinery with daily capacity 600
dozen pairs Of Ghildrcns hosiery.
Cherokee Spinning Go, Knoxville.
Tenn. Incorporated with Sl25.0oo capt.
tai to spin cotton yarn.
Kahi" Misunderstanding Co. Gastona
y G.. incorporated with 100000 au.
'horizcd capital TO build G.0O0-spindle
p'"ht Tor manufacturing tiuc comhcd
warns from sea island cotton
Reynolds Cotton Mills. Rowling
Green. :. G.. Incorporated with $50. 600
capital to manufacture cotton goods
southern Tire Co. Winston salem. ~
e. incorporated with Sl2l.0 capital
/" manufacture metallic tires 10, auto
mobiles.
h"rt!and Power Go. Hnrtland. W.
Va, INCORPORATED with sToo. oo0 capital
|" built electric power plant
liowN"r SIM okclcss Coal co.. Bccklcv
w Nn, incorporated with slo5.O0o capi .
tai 10 develop coal land.
Joseph :. Silverstcir, BOSNIAN, y. c..
VIII organize company To invest
$4,000 for initial building and ma
rthincry fer tanning leather and manu-
featuring betting.
81. !.e" Coal aad Gas Co. Clnrks
burg. W. Va. incorporated with
100000 capital to develop coal prop
Hcather Run Coal Co. Kngwood. "
Va. organizcd with $35O.OoO capital 70
d"E"i"p 1000 acre. Of land. and pro-
noses daily capacity of 400 tons OF
coal