The united opinion. [volume] (Bradford, Vt.) 1881-1970, 1889-11-08

A carriage factory has been built, and Or
ders for all kinds of vehicles are pouring
rapidly in. Still another industry is the
lime works, situated on the railroad south
of the city. There are several minor man
ufacturing concerns. all adding their
strength to the general good.
The accommodation for travellers is gen
erOus and the service cannot be surpassed.
The De kalb, erected by the Fort Payne
Coal and Iron Co., is model hosiery. 1t
has 1876 rooms. furnished in the latest style,
while its cuisine is already famous. The
ManitOu Park Hotel is more of a health re-
sort. 1t has about 30 rooms. 1t occupies a
commanding site and is situated not far
from the business cent, L of the city.
There are two banks here-the Bank of
Fort Payne with paid up capital of $50
600, and the First National Bank with a
capital of $4,000. Both banks carry heavy
deposits and their daily transactions are
large. The Rice Opera House has just
been completed and it was dedicated Tues
Boston, assisted by other musicians, gave a
most enjoyable entertainment Miss
Cushing is well and favorably known in
Vermont, and it is needless to say that her
efforts met with deserved praise. Fort
Payne boasts number of fine business
blocks, including Rice's Opera House
block, Cook and Rawles' block, the Ford
others not SO expensive or elegant as these.
There are many fine residences already
erected, and more are building. Mr. Rice's
residence is an elegant one, and it is finely
located The value of the buildings erect
ed since February is close on to $1,000, 600.
The daily transactions in resident and bus
mess property is large. and prices are
fry, inn CTR 20 haCf
business sites run at from 5000 to $3.50
foot, front (unimproved), and resident
property (unimprOved) from SIS up to 5000
foot, front. These prices may at first APP
pear high, but it is strongly believed here
that even these prices will advance Is and
possibly 100 per cent. The streets are
broad and level, and lots are laid out in
wide, and building will be forced north and
south, and this fact rules the price of land
near the business center. There is no sew
erage system, but wOrK Wit at once DegfA
on this important item of city life.
Fort Payne is manufacturing city and
of varied nature; but they are still to be
added to. A tannery will at once be built
here by New England capitalists, the mon
ey for the same having already been sub
scrbed. The foundation for the Portland
Edge Tool Co.'s works is already built, and
work will be rushed. A company to man
ufacture asphalt pavement has been organ
the spring a cotton mill of $4,000 spindles
will probably be added to the other indus
tries. 1t certainly is within the bounds of
reason to state that all these industries will
give employment to enough hands to make
a city of 1000 inhabitants within the next 10
months.
Everything is paid for, is boast that but
RIfInC Snnf oh hn
terms here in organizing companies; and at
the head of all these organizations stands
the Fort Payne Goa & Iron Co., " hose
stock has increased in value 100 per cent.
since 1t was put upon the market. This
company is responsible for the birth and
life of this new city of the South. This
company was organized with capital Of
S5,O6O,OOO. Forty thousand shares were
sold in New England at $25, which raised
81, 100000, $250,O00 going into the treasury
and $780, went for the purchase of the
great interests here. then undevelOped, and
on the 18th of February the company began
operations. In go days over $500, ZOO worth |
of land was sold, when all offerings wet
Withdrawn, but now put upon the markf
again. The amount realized from thesk
sales all went into the treasury. AmonS
the stockholders are number of Rutland
men AMI they must feel gratified to know
that stock which they bought at 25 is hard
to obtain now at 80, while the prospect il
almost certain that it will within shOr1|
time go to 70 and then 100. The cOmpanJI
is managed by class of men equal to thd
task of protecting and increasing the VALUED
of so much money, and any expressions of
disapproval from stockholders at the cOursel
pursued by the board of management is yeti
to be heard. Col. j. w. Spaulding of Mainel
is the president F.. II. TObey, treasurer
and c. 0. Godfrey is manager. But theI
lnod nf nr,fnr 10 II
Rice, a former Vermonter, well and favor
ably known throughout the state He was
former resident of Windsor and it was
but short time ago that he left the state to
engage in this and other enterprises. He
is young man, yet ripe in experience, and
his advice and direction is sought when
any important move is to be made by the
company.
A leading factor in the sum of enterpris-
es of Fort Payne is the ably edited and
well-managed journal, the Fort Payne
Herald. 1t is young paper, yet its influ-
ence in the destiny of the place is great.
The Herald is proud of Fort Payne, and
every issue is devoted to chronicling the
advantages in every way of "The Little
Giant" as it is pleased to term this New
England home of the South.
The future of Fort Payne? Will the
place continue to grow and prosper
Those interested in her prosperity say that
the only answer can be in the affirmative,
and ask "Why nOt?" This would be a
Yankee-like reply. She has the resources,
all that would seem to be needed in devel-
Qpment; and, judging from the money in
vested and the large sums only to be asked
for to be placed at her disposal, the lever
that will move all obstacles seems to be al.
ready in her hands. The example of Biz
mingham, 80 miles away, is an apt illustra-
ton. Birmingham in 1886 had a pOpula-
ton of only about 50OO-to-day the census
reveals $4,000 inhabitants. What made
Birmingham? Coal, iron and lime side by
side. Fort Payne boasts the same advan-
tages, and more, for it is claimed that when
these three ingredients which, when passed
through the furnace fire become gold, can
be delivered at the furnace in Fort Payne
at price below that of the birmingham