The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1889-10-03
There is Room for All.

At Natural Bridge, on the 25th, a per
manent organization of the RocEbridge
Land and Improvement Company was
effected.
This is company to establish the
manufacturing town of Glasgow at the
junction of the James and North rivers,
two and a-half miles from the Natural
Bridge. The authorized capital of the
company is $5,000,0 900, of which half
million dollars has been subscribed. The
company controls ninety thousand acres
of mineral and timber lands and there
are over four thousand building lots in
the town site. Of these lots 1850 will be
distributed to shareholders by drawing.
The following stockholders who were
present, were elected officers and direc-
tors, viz: President, Gov. Fitzhugh Lee;
vice-president, W. A. Anderson, of Lex
ington; general manager M. NJ. Martin,
of Charlotte Court House; directors,
VIM. Cameron, Petersburg; r. HI. Cat
lett, Staunton; j. Davis and G. w. Will
liams, of Boston; F. 0. French, New
York; Decatur Axtell, A. S. Buford,
Richmond, and L. H. Shields, Norfolk.
There is plenty of room for Glasgow,
Buena Vista, ingalls, City, Iron Gate,
and as many more enterprises as the en-
ergy of our people may inaugurate.
There is not any boom, but there is
substantial basis for them There is not
any reason why fiourishing Industrial
towns should not exist every ten miles
in the rural districts of the Valley.
From Waynesboro' south, through Au
gusta and Rockbridge. is the richest
mineral district in the country. There
is more wealth within that area than can
be found in any similar boundary in the
world and yet there is not a single in
dustry or plant to represent it. Iron
Gate, on the west of the Valley, is
of a rich mineral section represented by
three or four furnace plants, turning out
at least 200 tons of pig metal day. 1t
is to reduce this product to the finished
iron that the projectors of Iron Gate are
looking. They already have a rolling
mill and stove factory assured. A
steel plant will soon follow, and other
related enterprises will soon come on.
There is no occasion for any conflict
or jealousy between these several en-
terprises Each has the natural advan-
tages to justify the plans and purposes
of those who are engineering them, and
if they don't succeed, it will not be be-
cause nature has not done her part. In
gals City has advantages that no other
location has in the South or the United
States 1t has as a basis an immense
stratified field of Bessemer steel ore, and
represents the most varied and the rich
est mineral district in the country 1t
has every other advantage and attrac-
is wanting is the necessary capital and
expert skill to make it an industrial cen
tire of indefinite possibilities. Each of the
other projects named has ample natural
advantages to justify the plans that
have been organized, and we hop. every
one of them will succeed, as neither
conflicts with the other Pennsylvania
has not as much mineral wealth as Vir
ginia, and yet there are hundreds of
thriving, pushing towns, while we have
nothing but the unappropriated lands
and the minerals lying untouched where
nature placed them. The near future,
we hope, will change all this, and give
us industrial centres where there is really
nothing but wastes.
The Harrisonburg SPIRIT Of the Valley,
Sept 9th, which is supporting Malone,
has the following significant paragraph,
referring to the Convention in that place
on the 21st of September, to nominate
candidates for the Legislature
Candor compels US to say that the
Convention lacked one thing and that
was real genuine enthusiasm 1t is true
that the excellent speeches of both Webb
and Funk were loudly applauded, but no
sound of applause aOds heard zDheu Gen.
1fah01es name aCas mentioned
--.-.
Republicans, aCltdt think ye, 10000 ex-
ira copies of the VALLEY Varqinia2a is
sued last week, and sent to Republicans,
Int paid for with Democratic money!
Bgoadapdy Enterprise.
The above statement is of a kind with
that for which Annanias was struck
dead.
used Simmons Liver Regulator for
indigestion with immediate relief.-O G. /
Sharks. Ex-Mayor, Macon, Ga.