The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-11-27

$4,000 to the cotton tic mill, $4,000 to
the boot and shoe factory. and $4,000
to the bridge works. In every case
these subscriptions are not more than
Onc-half of the total amount TO be sub
scribed, and in one or two cases arc con-
sidcrably less.
There has been established already
an agricultural Implement works and
n wood working establishment. and
tho national bank is just commencing
business. Mr. Weeks has fully one
dozen other industrial works in course
OF negotiations and some of them may
decide 10 locate at Buchanan in the
near future. 1t takes Il great deal of
time to work up enterprises and get
them finally located.
"A great deal of work. however, has
been done anu is being done now in
this direction, and there seems every
reason to anticipate that four or five
iirSt-class establishments will be located
during the coming winter. This being
accomplished. the success of buchanan
Is certain.
lit has been reported that your COM
pany have been very backward in MAX
ing deeds for the lots sold. and that this
resulted from change in the survey
altcrr.r tho sizes of the lots, and that
III tOitSt 'tttttt Ittti lIdllA WIZ DuI-
chased lots on the day of the sale were
declining to take their lots. How about
this?'
There wasa slight error in the survey
which, however, was corrected promptly
after tho sale. The result has been
that only two or three lots will he
changed There will be no changes
whatever in the others. Tho company
is prepared now to deliver deeds for tho
lots. and will expect prompt payment
on the part of purchasers
'llava any steps been t9kcn to check
what the public mind thinks has been
an unreasonable expenditure for inn
provcmcnts at buchanan ,"
Tho engineering expenses will be
Immediately reduced. and ! do not think
there will be any further cause for
criticism in this respect. Tho board OF
directors proposes. in tho future. to
exercise the strictcst oversight in money
which is To be spent.
on have necessarily given very
large attention 10 the industrial de-
velopmcnt now going on i'll Southwest
Virginia. What is your opinion as to
the value Of Buchanan us IL strong point
for the building up of II large inland in
dustrial town.?
Ever since the Central Land Com
pany was organized il has been rccog
nized by almost every one that Blu
chanan was ono of the strongest points
in Southwest Virginia, being located on
two great railway systems at the nearest
point to the coal fields of each road, and
being within short distance of at least
twenty different blast furnaces locatcd
on both roads. il is in position to get its
supplies Of raw materials with the
greatest regularity and at the lowest
prices.
''On account Of the large number of
furnaces, from which pig iron can be
purchased. there is no necessity what
ever for the erection of IL blast furnace
at Buchanan. The proper limo of de-
vclopment will be in tho erection Of all
kinds of works which consume pig iron,
such as rolling mills. foundrics. ma
chine shops, stove works. bridge works,
and all kinds of iron and steel works.
The same applies to wood working cstab-
lishmcnts, as to iron works, on account
of the large territory covered by the
two railroads, from which timber can
he obtained