Bellows Falls times. [volume] (Bellows Falls, Vt.) 1856-1965, 1873-07-25

VI the heehc ocntinui 10 ueNeiupiuS tue
paint mine humbug in that town,in which
alady is said to have invested $4,000. We
are informed that she belongs in Georgia.
The correspondent above alluded to,
says "Talk said there was a vein of
terre de sienna. ten feet in depth, lying
in u certain locality IN our town between
this village and Drewsville worth $500
per year with royalty Of one dollar
per ton to operate; short lease of so
valuable mine was very desirable, be-
cause as the vein was worked SO remark
able would be the revelation of wealth
that lies concealed under that sand hill,
the lease would increase in value and
after little while could be sold for
bonus that would insure the lessee a
competency for life Beautiful vision
like the pictures of some western cities
that look so well laid out in squares on
paper, but to be seen must be visited in
dry weather, SO this vein of paint when
tested by practical experiment proved
to be almost myth; then ''boring
said the vein is not ten feet; on the con-
trary only seven inches in depth such
"talk F" in the metropolis of the nation
sometimes passes for honesty, shrewd-
ness, indicating great business cap acity,
&C., &c. in the country SO far removed
from the unhallowed influence of Wall
street as Walpole, it is called criminal.
Our people may be very small mice. but
they have been taught to look carefully
at bag of meal, to walk cautiously
round it and examine it from every
point of view lest some cat be concealed
in it I"
"The other day We rode, on the road
to Drewsville, past very large barn
like building 100 # by 80 # more or
less, built in the side of hill, and near
by some dark colored soil; curiosity
prompted us to inquire into the history
of this immense, uncouth looking struct-
ure. Every stranger passing it, inquiries
what is this? Why has all the capital
necessary to carry on an enterprise been
wasted on an unsightly building that is
left to decay? Well, the history of the
matter is this: There is vein of iron
commencing somewhere in Alstead, and
running down through Drewsville, crops
out near this building; the same vein
contributes to the medicinal virtues of
| Abenaqui spring. Some enterprising
Spectator probably from New York;
conceived the idea of gigantic enter
prise-an extensive paint mine in Chesh-
ire Co. too valuable to remain unworked.
No person had the capital to hazard, SO
of course, stock company (many of
your readers have had sad experience in
such companies) must be formed and
blank certificates of stock issued and put
into the market. So many other equally
valuable stocks were hoisted into market
at this time, there was little sale for this
however one good lady in New York
was persuaded to invest some $4,000
which was spent in preparation to work
a large mine of terre de sienna. The
preparation is at present represented by
the large building aforesaid. The build.
ing remains to lure some other unsuspec
ting ind lvidual into an enterprise thai
will not pay. The story of the spider
and the fly is too apt to be quoted. II
is too bad that SO much lumber should
be wasted to ap-PEAsE desire for spec
ulation."