The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1886-12-16


ruURsDAY December It, 1886
The foundry Of S. r. White & Bro, in
Norfolk, was totally destroyed by fire last
night, with a large lot of material for
building agricultural implements. Loss
about $4,000, nearly covered by insur-
apcs-
At the annual meeting of the United
States Association of Charcoal Iron Works
held.in Philadelphia last week, DR.. Frank |
King, Of Van Buren, Furnace, was elected
a member of the board of managers, repre-
senting the State of Virginia.
Cards are out for the marriage, On De
eember 22d, of Sarah Overton Rosser,
daughter Of Gen. T. L. Rosser, to NJ.
Campbell Darlington Cochran, of Palatka,
Florida, at the Presbyterian church, in
Charlottesville. at 8 O'Clock p. m
It ia stated that the life of Mr.. Walter
n. Johnston, Of Botetourt county, Va.
who died recently in Birmingham. Ala,
was insured for 100000, which will go to
his only child, a girl of ten or twelve years
of age. Mrs. Johnston has been dead
number Of years.
Fl. v. Thompson, Of Glade Springs, sold
few days ago his mineral. springs. known
as the Bromine and Arsenic Healing
Springs, to George W.s.Palmer, of Salt
vile, who has formed joint stock COM
pany and has been elected President. The
stock 10 valued at '$l50,OO0.
A dispatch from Norfolk, dated the 9th,
says: Col. VIM. Lamb entered suit 10
day IN the circuit court in this city against
the Richmond Wing in the sum of 500
for libel for publishing the recent card of
Congressman George D. Wise. in which
Wise severely denounced Lamb because of
alleged offensive. personal illusions to the
latter in speech in the last canvass. The
rule ia returnable on The first day in jan
nary.
A bill is now before Congress designed
to prevent frauds upon American manu-
features by foreigners. and it ought to pass.
Tbs hardware stores and cutlery shops in
our cities are largely stocked with German
goods branded with American names, yet
one rarely hears of their being sold as
other than of American manufacture.
According to official reports there is not q
siugle American citizen abroad engaged in
exporting cutlery to this country: yet
foreigners, by smuggling, underyalua-
ton, and the fraudulent use of American
names and trade marks, are rapidly run"
Ing an important American industry. Mil
hons Of dollars are invested in it. and
thousands of workmen and their families
depend upon it for their daily bread.
1t Is stated that at the present session OF
Congress legislation will be matured for
the redemption of the trade dollar. 1t is
hoped that something will be done to per
maaently retire them. although we do not
sympathize with the holders of the great
bulk of them. They have been the means
OF swindling the public ever since they
we're put in circulation. At one time they
would pass at par until the banks had is
sued all they had. Then the order would
goont that SIS cents would be the highest
price at which they would be taken. They
would be taken in at that rate, and the
same game PLAYED again. Speculation has
been going on in them foryears and always
at the expense of the people. 1t will be
Well enough to make a final disposition Of
them. by either calling them in or making
them a legal tender for one hundred cents
Corg ress has shown UP to the present
time eommendable spirit of industry
The first week of the session surpassed
the record of any similar week for many
years. The Electoral Count bill, the bill
to extend the free delivery service tC
cities having 10000 population, or yielding
$4,000 gross postal revenue. and the bill
TO forfelt tue lands granted to the State OF
Michigan to aid in the construction of q
- rss;lroad sfsan Ontonagon to the Wisconsin
State line. besides a number of bills OF
purely local interest, have all been passed
by the House. The Sundry Civil Appro
priatioM hill has been reported to the
House, aud general debate will be con
ciuded in one hour after it is called up
again. SO that the bill can be passed by the
House and sent to the Senate by the latter
part Of next week. The conference com
mittee upon the bill to regulate inter
State commerce have agreed, and their re-
port will be adopted by both houses early
Eext week
Weare not given much to -prophesying
but he venture the prediction that there
will, within six months, be collapse to the
Birmingham. Ala. boom. that will catch
number of suckers. The imitation of
prices for lots and mineral properties is
beyond ali reason. There is no legitimate
cause for it. II is the result of the wild :
est speculation. and is certain to have a
speedy and disastrous effect The trained
s'bnlls" will manage to get from under in
time. aud the noyices will find themselves
taken in for all they are worth, and a lit
tie more. In view of the extremes which
have been reached in the birmingham To-
caiity, We trust the people of Southwest
Virginia. where there is growing actiy-
ity in real estate transactions. and espe-
cially 10 mineral lands. and those who may
90 there, will endeayor to keep down to
legitimate methods and prices. so that
there may not come upon them the dis
asters which always follow reaction and
colapse- A t-back of that kind is felt
for years. entaIling more loss than could
be possibly compensated for by the gains
Of Q ST asunodic boom. Of all things the
business affairs of Virginia should be
controlled by conservative Influences
Sellers should be satisfied with reasonable
profits. especially when buyers propose to
invest Iheir money for development and
Improvement. Such transactions would
naturally enhance adjoining properties,
ana contribute to general prosperity. They
should however be kept within rational
lines. 80 that the growth would be gradual,
certain and permanent. Booms are dan
gsrou. things. aud generally prove boom
efangs to the majority of those engaged in
them
'sBruce.'' the Richmond correspondent
of the Norfolk Ledger says lit is under
stood as coming directly from the Coy
ernor that The Legislature will be re-as-
semblsd In February to review the work
of the reviseTs of the code. This being
the case. the Governor does not apprehend