Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-08-21

the South river, which propelled the Buena
Vista furnace when the late Mr.. Samuel F.
Jordan directed operations there, is idle
AS all the new furnaces will perhaps be
located at the southern epd of the property, |
this water.power will not be required for |
that purpose. 1t is Immediately on the
line of the Shenandoah Valley railroad,
three miles north of the growing town, and
is one OF the finest locations in the Valley
for manufacturing flour. 1t is in good
wheat producing region, and has advanta-
ges in transportation and otherwise really
inviting to any person disposed to engage
in merchant or custom milling, or both, as
interest might suggest.
A vegetable cannery owned by Messrs.
Chas. F. Jordan & Co., is now in success
full operation at the old furnace. About
seventy-fve acres of choice low grounds
are in tomatoes to supply the cannery this
season, and canning there has commenced.
CONCLUSION.
| Whilst we have merely touched upon
what is going Oh at Buena Vista and re-
Trained from saying more than little of
the unlimited opportunities 10 the large un-
developed and varied resources to be found
on the thirteen thousand acres Of the realty,
the stockholders in the Company, can,
Notwithstanding, make a fairly correct
estimate. of the work which the Board Of
Directors have accomplished in less than
six months time. Their undertaking
possessed attractive features, but at the
same time not free from many difficulties
Planning, executing, and soliciting were
three cardinal points in the progress of the
grand design to be cared for with the deep
either in its entirety or as it can be ex-
examined in its multiplied spb divisions
produces result which should crafty
every shareholder, for the criticism shows
few, if any procedures which further time
and future deliberation would change from
the direction often necessary to take with
only single discussion or conference to
guide in the premises.
Every indication points to the fine sue
cess Of the well-divised'sc scheme for the de-
velopment Of this large property, possess
ing advantages in many departments of
progress which haye really not more than
by passing reference been unfolded. To-
day, if the stockholders were to decree a
sale of their possessions, and after reserving
the whole mineral interest and the greater
portion of the forest resources, and setting
then, aside for their future purposes in de-
velopment and large gains, tie remaining
property would sell for more than the cost
of ALL Before lot was laid off, or build,
; ing erected, or an enterprise located, the
) land and appurteuances for agricultural
purposes alone would be worth more, and
! would, if divided into small farms, sell for
more than the two hundred and seven
tn Gus and dollars paid for a.. Now the
stockholders have the growing town and
the present and coming industries to assist
!; in the increasing values of their possessions
which to-day are worth three times the
amount of cost.
J Many of the stocR holders and persona
present at the meeting in February, when
| the Company was organized, will doubtless
, remember the impressive utterances of
J Colonel Edmund Pendleton WHO presided
} oger the assemblage. They were words OF
wisdom as ne east his reflections forward
in expressing his conclusions OF the future
of the design which had been found I'd in
equality of interest "upon great, perhaps
the greatest Of combined and varied re.
sources of the Valley, if cot of the State,
centered 10 ons locality"
The Board of Directors caught tbe spirit
of this noble Virginian and added it to their
own individual and associated deliberation
and efforts as they have quietly and in a
business like manner proceeded to execute
tho grave responsibilities committed to
their care.