Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-18

and its stack will be but the beacon-light
around which will group many others.
There is iron-ore enough accessible here
to keep a score Of furnaces running, and
thus upbuild scores of other Industries
that are fed by the furnace product
This is the testimony Of all who have
visited Basic City. No one can spend a
day here without becoming enthusiastic
over its prospects, and this enthusiasm
has most substantial inspiration.
CHARACTER OF POPULATION.
Here, as at other iron cities, the popp1
lation must consist largely OF skilled ME-
chanics and their families, and for these
houses must be provided that will be
neat, comfortable, and furnished with
modern improvements. Need l say that
this is "pointer" for the investor
RAILROADS, AGAIN.
Recurring to Basic City rs railroad con-
nections-a factor that should not be left
out of the calculation regarding the flu
ture of the place-is that the point of con-
nection Of the Chesapeake and Ohio rail
way with the Baltimore and Ohio railroad
| is only a short distance from Basic City,
and this is another guarantee OF cheap
coal-and consequently, tho other con-
ditions considered Of cheap iron, of a
quality. as the past has shown, for which
there will always be a demand.
PROSPECTIVE INDUSTRIES.
The prospective industries Of Basic
City-the industries being negotiated
tor-are many, but it appears to
be the policy of the management
here not TO assume anything or
raise false hopes. They act on the
principle of David Crockett, "Be
sure you are right, then 90 ahead, that
is, they want the public to be "dead
certain that they know what they are
dong when they invest. II one-half the
prospective industries Of Basic City ma
terialize-and / see no reason why all of
them should not-the ten thousand in
habitants that are calculated upon as the
known quantity following Immediately
upon the starting up of the industries
now approaching completion will be
multiplied by q good figure III the course
Of few years.
JUST AS 1T STANDS.
But even Just as 1t stands, BASIC tlty
is a success, and offers success to those
who will place money in lots here. This
has been proved by the experience of
those who have already invested. Pur-
chasers who bought lots at the sale in May
have already realized by subsequent
sales from 100 to 1000 per cent on their
purchases, and the industrial machinery
OF Basic City is just beginning to turn.
What, then, must be the advance in
values when full head Of steam and
water-power shall have been turned on and
all the wheels of the industries secured
shall have been put in motion? This Is a
question worth bordering between now
and the dates of the next sale, and from
what / can learn it is being pondered
not only by those who have already
made money by turning over lots here,
but by manufacturers and many others
in various sections of the country. That
both the Norfolk and Western railroad
and the Chesapeake and Ohio railway
are interested in building up Basic City
would to 60 without saying. The
iron interest alone indicates this. What
its possibilities at Basic City are will APP
pear from tho fact that while ten years
ago there were only four or five furnaces
in blast in Virginia there are at this time
twenty-six ABAMISTA.