Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1890-05-07
The Big Boom at Elk tom.

ELKToN Va May 5th, 1890.
The Elkton Improvement Company was or
ganized here on April 10th, with q charter
granted by the Circuit Court of Rockingham
county. Its minimum capital stock is $40, 0O(
with the privilege to increase same to 81, 100000
The capital stock ct presen Will be S500000 and
has issued stock TO that amount Shares Sl0G
each, paid up and non assessible.
The object Of this GO" is to improve and de-
velop all mineral properties near Eikton. 1t
has full power to carry on all mining and man
ufacturing operations. and proposes to utilize
the superior advan tages it possesses in the way
of chartered rights and commercial and Indus
trial opportunities. This company have secured
control of more than 1900 acres of land in the
immediate vicinity of Elkton. and LILO acres
will be laid out la town lots and for inanufac-
turing purposes The land is level and has na-
tural drainage, ElE Run flowing through the
center part and emptying in the Shenandoah
river near here. The company is permitted by
| its charter to hold as much as $1,000 acres of
| land should they desire TO do so.
Copper, lead, cement, marble, sandstone,
limestone, ochre. lumber, clay. and an abund-
ance of iron ore and we hope 1t will not be
long before all these products will be develop.
ed and made ready for use.
The officers of the company are as follows
8. p. Fl. Miller, of Elkton, President; James
| Hancock, of Lynchburg. Vice Presidents;
Thomas x Harnesberger, of Elkton, Secretary
and Treasurer, VITA the following Directors:
| J. Hancock. OF Lynehburg, Va, D. T. Kagey,
of Luray, Va, D. w. FIickwir, of Roanoke.
Va, 8. P. Ell. Miller, of Elkton, and ]. g. H.
| Miller, of Elkton.
The shares are sold at Sl00 per share payable
per cent. with subscription. 10 per cent. in 80
| n hon, Had for INV Ri Of
| tors. but not to exceed per cent. per month
| per share.
| Several prominent gentlemen met at Roam
oke several weeks ago and determined to buy
and improve the land about 2 miles from Elk
| ton known as bon ARR on which is located
| the famous Bear Lithia Spring, and known
| over the whole United States as one of the best
Lithia Spring water for medicinal purposes.
The stock of this Company has nearly all been
taken as shares are only 10 dollars each paya-
| bic 10 per cent. at first meeting Of the stocks
holders and then as called for by Directors. but
not to exceed 10 per cent. per month per share
| The capital stock is S250000 $4,000 will be
used in purchasing the Bear Lith1a Spring in
cluding 725 acres Of fine level land and 10000
expended in improving the same A fine
hotel will be erected at once near the sprtng at
a cost of S75, 900. and will be supplied with
Lithia water in each room, and there are to be
500 rooms. The property near the spring will
be laid of in lots of a acre each and avenues
one hundred feet wide in the clear, There is
large three-story frame hotel now on the place,
and a railroad station will be opened in short
time by the S. V. B. R., the spring being with
in few steps of the railroad.
w. j. Runkle will soon have the addition to
his hotel completed, giving Kim 80 more rooms.
The new part being stories high. with dou-
BILE porch clear around the building, makes it
very attractive
James Price, (white), was before Squire
Tanner several days ago, charged of poisoning
daughter Of Daniel Browns (colored). 1t ap-
pears that Brown employed Price to so to New
Market and get medicine from DR.. c. G. Hem
kle for Browns daughter. but Price went else
where and got bottle of carbolic acid. and de-
livered it to Brown, who gave it to his daugh-
ter, who died several weeks later. The case
was given over for indictment by grand jury,
and Price taken to Harrisonburg and lodged In
Jail. Top"