Savannah morning news. [volume] (Savannah) 1868-1887, 1883-07-18

Etowah Mining and Manufacturing
Company's Property Passes into the
Hands of the Georgia and Alabama
Mining and Manufacturing Company
The property of the Etowah Mining and
Manufacturing Company, the majority Of
the stock of which was held in Savannah,
has been sold to the Georgia and Alabama
Mining and Manufacturing Company of
Rome. The purchase price was 100000,
to be paid as follows: $4,000 cash, and
the balance in ten years, in yearly INSTALL
ments. The property is one Of the finest
in the State Of Georgia and possesses great
possibilities. 1t embraces in Barlow
county 1920 acres, and in Cherokee
county 5000 acres, making 1920 acres
in all.
The Etowah river flows through the
propertv and furnishes about the mouth
of Altoona creek, on an estimated head OF
fifteen feet, 1831-horse power at minimum
low water. The total fall of the Etowah
on the property is eighty feet. This
water power has been used for rolling
mill, nail factory, saw mill and machine
shop.
There,are several furnaces on the prop
erty. The Stamp Greek Furnace was built
! by Jacob StrOup, in 1868. Moses Stroup
bought it from him and Jacob then moved
across the EtOwah river and built the Al
( tOOna creek furnace. Major Cooper
/ bought one half interest in the stamp
/ creek furnace and the site for the dam at
the rolling mill. He took down the old
/ furnace and built the present one; made
! hollow ware, and the machinery for the
/ Columbus factory and pig iron. He ac-
/ cumulated 1000 tons of iron and found no
/ sale for it, and then put up cupOla fur
mace, rolling mill and nail factory in
/ 1850.
1 The works paid for themselves in six
I years. In 1860 he made arrangements
/ with Col. Colt, of Hartford, Conn.,, to
manufacture firearms. In 1862 he sold
/ the property to Quinby Il Robinson, Of
/ Memphis, Tenn, for $4,000. The cost of
/ the iron works was $4,000, and he esti-
mates that the whole property could be
restored for 100000. The works were
destroyed by the United States army UNI
der Gen. VIM. T. Sherman, in 1864.
There was formerly a branch railroad
from EtOwah station, two miles south of
Gainesville, on the Western and Atlantic
Railroad, and at that time this station
was the second in amount of shipments
on the line of the Western and Atlantic
Railroad, which extends from Atlanta
/ the State capital) to Chattanooga on the
/ Tennessee river, a distance OF l3S miles.
This railroad was built for connecting the
/ Western States with the Southern Allan
tic seaboard at Port Royal, Charleston,
Savannah and Brunswick. The branch
/ built by Major Cooper and owned by the
company was four miles long, and the
road bed is still in fair state of preserYa-
ton.
The main county road connecting
Gainesville, the county seat OF Barlow
county, and Canton, that of Cherokee
county, passes along the river by the site
/ of the old works.
From Gainesville the Cherokee Iron
and Railroad Company have narrow
gauge railroad to CedartoWn, the county
/ seat of Polk county, { and bordering Bar
I tow on the west where Mr.. \. q. west
has invested 100000 in railroad, furnace,
Touring MILL foundry and other works,
now in successful and profitable operation.
Besides the Stamp creek and Altoona
| furnaces, already mentioned, there are
three other furnaces on the property on
Stamp creek. They are known as TOole's,
| where speigleisen was first made In this
country; Wards, where ferrO manganese,
| containing 60 per cent. of manganese, has
been made, and Thomas, which has not
been operated since the war.
There is a bed of excellent sandstone
nanTs pr T6F eIippptjng furnaces on the com
perty are the Hemalite and the LiIIIolRii to-
The first is a specular grey ore and the
second is brown iron ore. The supply is
practically ineXhaustible. Manganese is
found in immense quantities.; 5000 tons
of it were shipped from the Gainesville
depot in 1880, and new mines are being
| opened all the time. There is also Bury
ia and lime in large quantities. There is
plenty OF mill rock, some of which car
Ties gold in small guam Titles. The grand
water power of the property recommends
1t for cotton and other factories. The eli
mate is superb. The price paid for the
property is certainly small.