Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1889-03-27
The New Company.
RosKBRIDeE LEADS THE VAN OF PROGRESS.
Lexington Gazette.

RCGKBRIDGE LEADS THE VAN of rhooAsIs'S'
Lexington Gazette.l
The Rockhridge company was organized
here Wednesday under the broad leglsla'
tive charter obtained nearly two years ago.
to be found in the Acts of the General As
sembly, extra session 1887, chapter 139,
page 1872, approved May 9th. 1887.
The authorized capital is 50. 0O0 ,O0O, and
the amount now to be issued IN STOCK Is
81, 500, 900.
The officers of the company for tie FIRST
year are: President, Gov. Fitzhugh Lee;
Vice. President, VIM. A. Anderson, Treas
urer, Judge Jas K Edmondson; Secretary,
G. d. Letcher; Director:-Francis U.
French, of New York; A W. Hartman, Jr.,
Of Virginia; Elisha A. Packer, OF Ne"
York. Fi.zhugh Lee, of Virginia; VIM. a.
Anderson OF Virginia.
The depository of the company Will De
the Bank of Lexington, Va and its regis
ter of stock. The Manhattan Trust COM
pany, 10 Wall street, New York.
The above organization is preliminary to
the permanent organization which will be
effected so soon as the requisite stock has
been subscribed.
The company is formed for the purpose
of acquiring from 60 900 to so, COG acres of
valuable mineral and timber aud agricultur-
| al lands. Coal, iron, manganese, hydraulic
limestone, mineral paint. being the more
! valuable minerals on the properties no"
controlled in tie interest OF the company
| The lands now under control embrace
some five Thousand acres in the valleys OF
the James and North rivers, upon which 1t
is proposed to build up a manufacturing
| town to be called ''Glasgow," in memory
| of Jos. Glasgow, Esq, the honored father
of Mrs. Elizabeth Glasgow johnson whose
estate the town is to be largely laid OIL.
It is prop lsed to erect two or more iron
blast furnaces, and furnace for manufac-
ture of ferro manganese, near the commence
of the James and North rivers
There is to be large land improvement
fund which will be used in developing the
town and in inducing manufacturing plants
{ TO be located at Glasgow.
The company will also have control OF
tl,rse dams in James aud North rivers, Civ
| ing an already developed water power.
| With the strong financial backing which
the company can count on, and the vast re,
sources of tbs properties it is to own, and
the beautiful and accessible seat wh Oh it
has selected for building its furnaces, fac,
tories and town, it is confidently believed
that a success which will fulfill the most
sauguine expectations OF its proprlethrs
awsits this new, powerful and we'll directed
enterprise.
| Rich coal lands IN the Bluestone section
will be controlled aud operated by the CON,
PAW fr the extensive manufacturing Oh
coke to supply its furnaces.
Among those Interested in the enterprise
other than those mentioned above are the
following we'll known gentlemen: Col. d.
| n, Rosa, John ]. McCook. 81. G. Woodcott,
F. T. A. Juukin, John White, Alexander
Bruce. R. q. Catlett and others.
On the day the above proceedings took
place in Lexington Grovernor Lee vas In
Florida. The subjoined telegraphic cores
pondencs I,etween Hon. WIN. A.Auderson,
Vice President OF the company and Gov.
Lee explains itself. ooo
LEXINGTON, VA. March 20, 1889.
To Gov. Fitzhugh Lee:
You were unanimously elected president
| of the Rock bridge Company, organized here
to day. The directors and stockholders
earnestly desire that you shall accept the
position, the requirements of which Will De
so arranged as not to interfere in the slight
est with your discharge of official duty du
ring the residue of your term as Go7ernor'
VIM. A ANDERSON,
Vice. President.