The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1879-11-06
Revival Of Another Industry.

and QuinnemOnt Iron and Coklng Proper
ties, have leased the Buffalo Gap Furnace,
and will, as soon as practicable, put it into
active motion, furnishing the ores from Fer
rol and the coke from Quinnemont. This
is another of Mr.. POOLS enterprising pro-
iects for the development OF the coal and
iron wealth of Virginia and West Virginia,
and the general benefit and advancement
OF the interests Of the people OF this sec
ton. AS President Of the leasing company
and sustained by corporation whose mem
bers are known for their business sagacity,
wealth and enterprise, he is in position to
give practical form to the ideas and plans
he has long cherished in reference to the
mineral interests of Virginia. No more
propitious time could have been chosen for
the combination of these influences than
the present. All cndeavors heretofore to
draw attention to the marvellous resources
of the Virginias had resulted in substantial
failure. so far as any practical scheme for
their utilization was concerned, by reason
OF the stagnation in all industrial pursuits,
the absence of confidence in all business
enterprises, and the timidity of capital,
which sought seclusion behind strong bars
and iron walls. The financial policy OF the
government represen ted in the act of re-
sumption, by which the paper currency of
the country has been brought up to an
equality with gold, and through the nation
al banking system, made at par everywhere
in the United States, has had wonder
full effect in removing distrust from business
circles, inspiring confidence in legitimate
enterprises and assuring capital in its in
vestments. These encouraging indications
have been supplemented by abundant Amer
lean harvests, and corresponding failures in
Europe, making the United States the gran
aryof the world, land not only creating de-
mand for our products Of the soil, but our
wares and manufactures Of all kinds
drawingto this country the gold of Europe
and flooding the channels of trade with the
sinews of commerce.
These evidences of unexampled business
prosperity are further illustrated in the
advance of iron from $3.50 to $50 and s32,
and it is this fact that gives encouragement
to the efforts now being made to develop
the resources Of Virginia. 1t is source Of
real congratulation that at this particular
juncture in the business activity Of the coun-
try, the energy and sagacity are at hand to
bring to the front the resources of our Sec
ton and give practical effect to the assur-
ances heretofore presented, that in no por-
ton of the United States can iron be made
so cheap as in Virginia, and that all the
advantages exist here which are destined to
contribute to the creation of new iron
centre. All classes Of our citizens and all
branches of trade and industry must soon
feel the effects OF these active operations in
the iron interests along the line of the
Chesapeake and Ohio, and to no one is the
credit more largely due for this propitious
condition of things than to Mr.. r. N. Pool.
Eastern capitalists. represented by Mr..
j. Fl. Bramwell, Superintendent of Quin-
nemont Furnace and Coking Works, Of W.
Va, have purchased controlling interest
il the Iron and Steel Company Of Ironton,
Ohio, and large tract Of ore lands. This
is another movement for the development
OF the coal and iron ores of Virginia and
West Virginia. 1t is becoming recognized
fact that the Ohio Valley will have to look
to Virginia for the ores that are used in the
Furnaces there, and to West Virginia for the
| ooIy nc final Nv 70
are demonstrating the great advantages the
mineral districts Of the two Virginias possess
and that eastern capital is gradually work.
ing its way into these sections and the in.
dustrial locations dependent upon them.
| The circular Of Fisk & Hatch, elsewhere
published, is the strongest indication yet
made known to the public of the interest
manifested in the mineral resources of the
region Of country traversed by the Chesa-
peake and Ohio railroad, and must in q
marked degree rivetattention upon terri
| tory so prolific Of the richest of ores and
Goals. Very little is yet known OF this min
eral section. Even those most familiar with
it can form no adequate idea of its limitless
A0eoutSSss VI Cotiuldtc thC lmucueo HiuuSu
wealth that awaits the contact of capital to
develop it.
| Stanton, situated at the mouth Of this
affluent section, and presenting unsurpassed
advantages as a manufacturing centre,
should not be Indifferent to the auspicious
events transporting. With Buffalo Gap and
Ferrol Furnaces again in active motion and
the new enterprises epringlpg up and in con-
temptation all along the railroad line, new
life must necessarily be infused into all In
terests, and fresh vigor permeate every
channel Of industry. We must avail Of this
general activity which is stimulating the
energies Of practical men, and directing
their attention to our section, and must
show that we understand and Apr eciaue our
advantages, that others may thus be invited
to cooperate in establishing industries, in
cident to iron manufacture.
The staiwarts in the North are getting up
another howl because the new Constitution
of Louisiana provides for the choosing Of
presidential electors by the Legislature, as
was the case in South Carolina up to the
breaking out OF the war.-State.
1t is good cause for 'showl." The State
knows that such q method OF choosing
electors is simply designed to suppress and
defeat the popular will, and cowardly and
sneaking purpose to evade or practically null
lily the amendments to the Constitution