Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1883-04-06
THE STANTON FOR
MANUFACTURES.

The most hopeful sign that has shown
in Staunton's future for many years was
the meeting the other night to raise q
stock company to encourage manufacture.
ing of some sort. 1t has not been more
Than year ago that similar meeting in
the neighboring town of Lexington set on
foot movement of precisely similar char
acter. The men who we're prominent in
it we're not all what are called "business
men," J. J. White was a professor in
Washington & Lee University, A. L. Mel
son was another professor, Edmund Pen
dleton was lawyer, Scott Ship profess
sor In the v. M. l., VIM. A. Anderson
was lawyer, and with them were J. D. II.
Ross merchant, VIM. Joliffe, civil en-
gineer, John L. Campbell, Jr., and two or
three others. But all were men of public
spirit and good judgment, and how has it
resulted The company has capital stock
of $50, 000-this In the village of Lexing-
ton mark you-practically paid up. 1t
owns a mill on North river with turbine
wheel Of thirty-five horse power, and has
been grinding plaster for months. 1t has
bought the right to manufacture ana sell
the BONANZA Fan" in four States. and
has put in machinery that will enable it
to turn out over seven thousand year.
1t has erected factory for this manufac-
ture, and is about to put up a foundry to
make the iron work. All sorts of wood
work from freight car down will be made
there, and thirty-five horse power boiler
has been put in to dry lumber for the
work.
At the village of Liberty In Bedford
county, stock company for the manufac-
ture of wooden goods. has been formed and
$S2, 900 of the stock has been subscribed.
This in town Of two thousand inhabi-
tants
What is there to hinder our people from
following and excelling these exampIes2-
Staunton is larger than either Of the towns
named, and there is enough wealth in Au-
gusta county to insure stockholders from
among the farmers. That is popularity
at the North and West; that in all their
manufacturing enterprises the whole vi
cinity, town and county join. Instead of
having money lying idle in bank vaults,
the farmers invest some Of their gains in
enterprises that ptomise to enrich the
locality.
There Is an idea among many that for
money invested in new enterprises, the
investors have to wait long time for
their returns. This Is noe so in this day,
however, it may have bsen in the past. Only
week or two ago we noticed the fact that
churn factory, one year old, which the
owner of the patent had tried in vain to
get stock for in Stanton, had. on the LIST
OF January, paid its stockholders dvi-
dend of 20 per cent. on the year. Unfor-
tunately for Stanton and Augusta the
patentee has found investors at Waynes-
boro, Pennsylvania, and the handsome
dividend was paid to citizens of that town
and county. Long before the returns comel
Why the Buffalo Forge Company of the
city of shat name, in New York. which
started only five years ago, with two
men in a single room. making one
style of portable FORCES, now sends its
work to ali quarters of the globe, and
not foreign steamer that leaves does not
take some of its wares as freight
Stanton is about half way up the great
Valley. and in an agricultural section of
great fertility, and Of course, any agricul-
tural implement that promises to be a sue
cess would be the safest to start the man.
ufacture with. But new company need
fad no trouble in finding something to
make. Only let such men as composed
the Stanaton meeting the other night
commence the organization of company
in earnest and We have no fear that their
practical and experien ced minds will not
see what can be manufactured to the best
advantage.