Roanoke daily times. (Roanoke, Va) 1886-1890, 1889-12-18
way of motive power and raw mater
ial, it is claimed, that the company
will be able to compete with the low

way of motive power and raw mater
ial, it is claimed, that the company
will be able to compete with the low
est paper mills in the country. In
constructing their mill the locks of the
old james river canal are being
utilized and considerable money saved
in that way. The pulp will be pre-
pared at mill further up the river,
and then be brought down to the pa
per mill proper. The main room of
the mill where the pulp is prepared
for paper will be G5y100 feet in size,
and will be three stories high. The
bleaching room will be 20X1l0 feet in
size, and the machine room 45Xl15
feet. The water which will operate
the mills, Except the steam used in
drying) will be equal to 800 horse
power For this the company pay
only $40 per year. Mr.. Sadler, who
has had sixteen years eXpe--
rience in the manufacture of
paper has charge of the mills. The
company desires to place $50, 900 more
of its stock for the purposes of work
ing capital. The stock is sold in shares
of 800 each, payable one fourth cash,
balance in two, four and SIX months
from date of first payment.
The tannery is one Of the old Indus
tries of the place and does large bus
mess
The Wise wagon factory from New
Market, Va, will be removed TO
Buena Vista ut once, the contract for
its location there having been al
ready signed. The company has Il
capital stock of 100000, and in addl-
ton to wagons will make all kinds of
agricultural implements. Its factory
will cover IL block, and give employ
ment TO Il large number OF men
y firm from Staunton has decided
TO start Il factory for the manufacture
of tinwarc and galvanized cornices. 1t
will have capital stock of $4,000.
y Baltimore company also contem-
plate starting factory tor the manu-
facture of fine brick, terra Gotta and
sewer pipe, and the contract has
about been closed.
\ number OF other industries are
also expected y proposition has been
made to the company looking TO
starting II large canning factory, and
Il Pennsylvania firm is considering
the ACCESSIBILITY OF erecting II plant
for the manufacture OF WOODEN goods.
Two OF the biggest things that the
company are working for are Il roll
ing mill and plant for the manufac-
turc OF steel according TO the basic
process.
In the early morning, while the fog
still oyerhung the mountains, the
writer took horseback ride over the
surrounding mountains and gotta look
at some OF the iron deposits. Seven
large veins of rich hematite ore have
already been discovered, and the com
pany is still engaged i'll prospecting
The ore. according TO reliable au-
thoritv, contains from 80 10 60 per
cent. OF iron. and being 10
Gated upon high ridges i'll close
proximity TO the furnace, can be trans
ported 10 the valley below by means
OF gravity roads. People who are
competent to speak say that the
country around contains an almost
inexhaustiblc supply of ore, and a
ride over the mountain and an in
spection OF the spots being developed
is sufficient 10 confirm belief in the
statement.
With competing railroad lines, with
n favorable location, with immense
water power, capable OF being util-
lied in various ways, with iron ore III
plenty. and probably some man
ganese. and with the shrewd but en-
terprising men ut the back of Buena
Vista, there is every reason TO believe
that the town will grow into IL busy
city.
The stock of the company, by the
way, in the last ninety days has adj
yanced GO per cent, and lots in many
instances have doubled in value
Pipes have been laid for supplying the
town with water from Il nelshhoring
mountain spring. y company is also
being formed to light the town with
electricity, DR.. S p II. Miller is mt the
head OF the company. y strcet-car
line is also being talked about.
Real estate men have lots to do with
building upa town. and Buena Vista
has some enterprising men in this
business. Among these are, Moore,
Mckee & Co. Guyer, Coe y Co, }.
w. Wright, T. Z. Wilson and w. Fl.
Wolfe.
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