The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1876-11-23
Valley Interests.

We have been informed that the Royal
Land Company of Virginia, whose present
headquarters are located Mt Harrisonburg,
have purchased the Elizabeth fror Works
property for the sum Of $685. We furth-
er learn that they have either consummated
the purchase OF are negotiating to that end,
Of the Coal fields in Montgomery county,
Tennessee railroad. 1t has been intimated
to ,ls that it is the intention OF the Company
10 make Stanton its headquarters for BUSH
ucss In connection with those two purchases.
This company is composed Of Eastern
capitalists principally, --men of large eXpe-
fence in the iron and coal business, and the
object OF their present movements is to pre-
pare for the ma nHfacturc Of iron to meet the
prospective trade OF the country. 1t is the
same company that is now operating the
Dora Coal mines situated in Augusta and
Rockingham, at North River Gap. They
have recently introduced a steam eng me to
assist in the development of the deposits OF
coal already assured, and to further explora-
tlons. They are TIE purchasers of the Fred
erIcksburg & Orange Railroad, and are
pushing it forward TO completion, viii, graft
tying speed. They have also surveyed the
route, and let to contract, an extension of
this road from Orange G. Fl. to Harrison
burg, there 10 connect with the Narrow
Gauge road running to the Coal fields in
this county. The track Of this latter road
will be laid to the Coal fielcs, within few
months, and thus the means will be seemed
Of marketing the coal already mined. os-
It was for the purpose Of aiding them in
bringing together the coal of Montgomery
and the iron ores of Elizabeth, that the
Company proposed to lease the Valley rail
road, and contract for its completion TO Sa-
lem. Staunton is the point where the min
erals are to be utilized. because Of the adj
vantages Of transportation and the COMPETE
ton In freights that could be here secured.
We have heretofore called attention to the
importance Of this locality as centre for
the manufacture OF iron, and we are pleased
10 know that the suggestions thus made have
not been lost sight Of, but are receiving the
attention of practical men, who are capable
of weighing all the advantages. We cannot
say with certainty that the purposes inti,na-
ted to US Of Stanton becoming the point OF
operations OF this company will be fully car
ried out. There is one thing very certain,
however, and that is that Virginia is des-
tined to be an important field for iron deal
r. bo Put Tho fao1ttV fOp
bringing The ore ard coal together, the re
d,iced cost Of turning out iron, and the easy
and cheap access to all the markets Of the
country, conspire to the belief that with the
revival Of trade, the great Shenandoah Val
les will become the busy centre of this inn
portaut branch of enterprise.
The Royal Land Company have been
'lucily at work for nearly year--have paid
out large sums of money In original purcha-
ses and actual work, and we have every rea-
son to believe are in earnest in tleir present
declared intentions. There are gentlemen
OF large means and reputation associated in
the company, and we are satisfied they mean
business in their present movements. Mr..
Z. n. Pool, the general superintendent, in
Virginia, is ineessant in his labors, and has
shown degree Of energy and enterprise in
the direction OF the operations OF the coD-
pany that promise favorably for t!,e entire
Valley OF Virginia.