The Daily state journal. [volume] (Alexandria, Va.) 1868-1874, 1871-08-03
evening State 9attrmal.
THE VIRGINIA INTERNATIONAL LAND
IL. VI IL COMPANY. ~

THE VIRGINIA INTERNATIONAL Ian
l E.51Lv. COMPANY.
: This important company has recently T
organized its board of directors, and is a
lively engaged in its great work of settlir
the surplus lands of Virginia.
In its new board, We notice the name
of several of our most prominent an
trustworthy citizens and the gentlemen as
sociated with them from other States ar
well known for wealth, business capacity
and integrity. Walter S. Gurnee, formerl
one of the heaviest capitalists and most en-
terprising business men of Chicago, now
resident Of New York, is president of tn
new board. From an acquaintance O
twenty years we can unhesitatingly com
mend the good sense of the directors, ant
congratulate the company upon its fortu
nate selection of a president. The name o
Walter S. Gurnee is q tower of strength.
The Board, as now organized, is as fol-
lows: Walter S. Gurnee, of New York
President; Colonel James McKaye, Of
New York, Vice-President William Lamb,
Secretary and Treasurer, Norfolk, Virginia
Horace Greeley, John p. Crosby, New
York; j. N. Harrington, London; General
]. ID. Imboden, Colonel Thomas S. Flour
noy, Major w. T. Sutherlin, Virginia /;
A. II. Mial, North Carolina. '''s
The company deserves the confidence and
support of the public, both in this State
and abroad. The Importance, of the work
it has undertaken to our people cannot be
over-estimated. 1t proposes to enable
them to sell the vast amount of surplus
lands with which they are now burdened,
and thus TO improve the remainder. 10 do
this, it is authorized to purchase lands,
either for cash or with its own stock, re-
survey the same in lots of convenient size,
and sell either for cash or its own stock.
Also, to carry on an emigration agency,
and to act as loan and trust company.
The large tracts now held by private indl-
viduals and corporations can thus be settled,
and vast impulse given to the prosperity of
the State.
The capital stock of the company is now
fixed at five millions of dollars, but may be
to ten millions. Nearly seven
hundred thousand of this is already sub
scribed and paid. The company has al
ready acquired title to several hundred
thousand acres of our best lands, and is
prepared to furnish colonies or private par
lies with valuable and attractive sites for
in quantities from five to
twenty thousand acres of contiguous ter
'itory at an average price of eight dollars
Der acre. Every aid that our people can
'cnder should be cheerfully given to this
admirable and trustworthy enterprise
Organized emigration is the hope Of Yirg:-
Tia and of the South. We want our own
'eople and our friends abroad thoroughly |
as to this agency and awakened |
o its supreme Importance. Over shadow
ng as it docs every merely political .ques-
ion, let the press give it large place, till
he whole State is thoroughly aroused to
he work of organized emigration. IN
From the financial report of the New
FORK World Of Tuesday we clip the follow
ng, showing the status of the company in
lew York lu-,-- Het ssn,a'l
The Virginia International Land, Loan and
rust Company has also made some important
arrangements for bringing into the market its
10, 100 acres OF land along the line OF the Norfolk
nd Great Western Railroad company MIR Cur
ee the well known banker from Chicago, has
ccepted the office OF president in the Virginia
Company, and Coli Lamb. of the
Ailan Steamship Line, sailing between Europe
nd Norfolk, VA, Is elected treasurer and mana
Ell of the company's Office III Norfolk. Colonel
IcKaye, yice-presieent, will soon sail for Europe
D take charge of the company's office in London,
nd to assist in directing The different agencies in
treat Britain and the continent OF Europe for OBJ
aiming einigTants of the better class, and Dos
5ssed of means to buy and settle on the
lands. The market values of iron
nd coal properties iii West Virginia have adj
;inced two and three times the prices ut which
ley We're held last year, The Chesapeake and
hio railroad will be completed and running TO
le Ohio river before July lst OF next year.
The Influx of wealthy capitalists this summer
Ito Virginia from Europe, Ills well as New York
nd Pennsylvania, promises active progress in
the iron and coal interests of the
eyed to run from HarIisonburg to East Tennes-
,e, passing through Coyngtop, along Potts's
reek Valley near the Old Sweet Springs, and
trough some of the richest iron lands in Tir- | :
mia. Some years ago Coyington was place of ,
,nne consequence when the company's railroad
aops We're located there, and 1t is likely to be
llien hold of again by some European capitalists
I'd iron m;tsters now negotiating for The pur-
lase of iron lands i'll its vicinity. ,
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