The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1874-05-28
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!.
Juatesconeeptio Of the iliAneBse RESOURCES in
siting the contract Of capital, which lie ali a.
round us. We had frequently heard OF the |
deposits Of iron ore at the Elizabeth /
Furnace propeiFy--iad seen descriptions OF it,
bat not until a few days ago We're we made ac- /
quanted with tie extent Of these mines by ac-
tual inspectiohs IN company with several
gentleman, last week, I'VE made h;esty visit to
the openings aud tunnels where worlSnle;l have
been. operating to furnish ores for the Eliza
beth furnace, and for Shipment. We found
them to greatly sslrpass the most extrayagant
Representations, and to satisfy the most incsed
alols that the pres are simply inexi,laustible.
Elizabeth Furnace is located Immediately on
the Chesapeake and OHIO Railroad, 16 miles
west OF Stanton, on the head waters Of Little
Calf Pasture River. II. was erected during the
war BY Messrs, Henry and Daniel Forrer, and
furnished large quantities Of Iron for the Con-
federate Government The capacity OF the
present furnace IS from s to u tons Of pig per
day. There is now being erected a new Hot
Blast Furnace, the brick having been pureha-
sed in Pennsylvania, at cost, delivered at the
works OF about $50 per thousand. The facili-
ties, however, for making iron, are imraasllrl-
BY below. the capacity Of the mines, The limited
working capacity Of the Furnace is the result CT
complications, caused from the death Of D. For
rer, some OF whose heirs were not disposed to
improve and run the works as they should be
operated. Recently, the question OF title, &c.
which had been III dispute IS TO some Of the
r, II. tJ,ae adj
heateJi in the Circuit Court of this county. and
Tie interest OF all the parties legally defined
and Fixed. ..ass~ s..s.,s{.... ss@. IT.
+ Since then a joint company has b9en formed,
numbering among the Stockholders, some
sllrewd, enfelprising business men and capital
lists, who have purchased Elizabeth Furnace
and the iron lands, ats299.o09, and whose max
ifijtn capital will be Sl.053,01o This company
have taken possession OF tie re nj e, and are
making their a,all +el1lents to operate the mines
on q snoae extensive scale than heretofore. y
railroad is now being constructed from the Fur
mace to the mines, which will furnish fac iities
for delivering rapidly the ores at the place Of
consumption, and will thus render it necessary
to increase the consuming capacity.
What is called the Iron Tract connected
with this purchase, is simply q mountain OF
solid Iron ore, Of the brown hesnasite species
principally. with some red heinatite. Near the
TOT, Of the mountain is o huge holder, contain
/ ing thousands Of tons OF ore, rising about p
! feet from base, and estimated to CONTAIN at
least &c per cent. OF iron. Along t!leseam that
rms nesar The oltcroppinEgs, there have been
three tunnels opened, two Of which are solid
| iron orc, runni.lg in at least 200 feet. Wlles-
ever an opening, has been made the same evil
dence il an a;haustis)le supply Of rich ore is
presented, and scientific men w2o have exam
/ inesl the indications in connection with these
praetieal4 visible proofs, conclude that the en-
tire mountain, fot, five miles at least, is Ct
the same characteristics. :
In close proximity there is an immense lime
stone quarry, which Is used for auNing p;npo-
manufacture arein Ike abundance and cove
nieuce.
There is no doubt, in any rational mind that
lis acquainted With the facts, that the most ie-
nlalka bic and extensive deposit Of iron Orc eA-
ISIS at Elizabeth Fnr2lac5 that have yet been
4 developed on this continent It has been as
certaince b actual test that it costs from 81
willie from statistical statements we have seen
it costs from s25 to $50 to produce the Identical
article, Ut all the manufactures in lesinsyfva
MIA and Ohio, the two principal Iron manilfac-
turing States in this country. A.r1iiI11nk lrg
and at the Fufnacesin 5lgil'
from the Iron Mo1G Eer 1906
from mark y I'D be from lslizabet.
4 Furnace. So the advantages are two-fold i'll
favor OF the nlan.facti,ra OF iron IN Virginia al
the point named over all Others ir;ssnueh as
superior article can be produced at oneilaif tbs
cost incurred at other points, and the facilities
OF transportation TO market as great and the
charges less.
Even at the present reduced price OF rolls il
consequence of the general stagna5en that per
vadas business velyer{ through tile country
tie Manufacture Of it can be carried On at e.
Elizabeth Furnace with profit OF nearly 100 pei
Iscent., While the Furnaces OF Pittsblirg have
1 had to suspend because Of tie absence of re
inuneratise priees--the comparative eSpansea Ill
the two points create g The differences
The Elizabeth Furnaee property-is The best
Investment at the price OF $4,000 that has
i been in Virginia since the war. 1t contains
absolute, certain wealth that only requires cap
4 ita to develop, and when developed it is right
at the railroad to be conveyed to Che markets
] Of the country II the present cotnpanyis wise,
they viii at ONCE enlarge the facilities for re-
oiuoing the ores. 1he lime, the coal and the
ores are all at command, and capital and en-
terprsa will complete the combination that
Will create one OF the most relaaneratiye III
vestments ever made in this section,
/ The spectotop. gives editorial prominence to
a paragraph going the rounds OF the press, that
i John johnson. son Of johnson the yviliskey
glager," &C., had been arrested - charge OF
petit larceny. why is it that the conservative
press enGeayors to throw tfiscledt upon every
one who holds a federal office, who may be SO
unfeltHnate as to be related TO some one who
has violated the law? Ii is malicious spirit
that would seek to li5rt the feelings or slul
/ tie reputation OF any person, because OF the
fault O. others. It would be just as fair for us
to connect the names Of Innocent with guilty
conservatives and seek to blacken both alike,
merely for the reason that they were kindred
We are prone to the belief that the Spectator