Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-12-05

to have an ATTRACTIVE tOWu Win cOmlorte-
BILE and attractive homes for the work.
inamen, and as You have seen. fine sites
for those who wish TO build more costly
homes We intend TO put up pretty
hotel here, q modern inn, something on
the STYLE OF that Of Iron Gate, and it
shall I've kept in the best style, so that
summer visitors will find it worth while
TO stop here. Our drainage into the
river il perfect, and our land is, as you
see, without single lot perched on Q
hill, or at any point not perfectly ac-
cesable. The belt railway, which will
be built from the Chesapeake and Ohio
at the eastern point of the town will
pass all the way around the industrial
part OF the town and join the road again
on the other side, 80 manufacturers will
have no trouble on account OF easy
shipments. We have two gentlemen
! now at the North and West to make ar
rangements with manufacturers TO come
here.
THE ORE TRACT.
The iron-ore tract OF the company lies
Immediately in rear OF the town. You
approach il through gorge. 1t has two
veins of brown hematite ore, one away
up the side OF the mountain and the
other lower. The miners are at work
blasting in the upper one to-day. 1t is
the same vein, ia the opinion OF those
who know. that supplies the Lowmoor
furnaces. and it is fact that you may
not be aware of that the Lowmoor iron
brings 81 a ton more than any other
iron made in this region. Throughout
this tract and covering the mountains is
poplar, white and chestnut oak. and ash.
and the best of it is well located for
saving.
THE COMPANY.
When the company was organized us
capital stock OF $3.50, 000, 900 at Sl0O
share, par value, was speedily taken up.
The advantages of the locality were so
manifest and numerous that the stock
WAS sought after. To be frank about 1t
am not at all sure that it needed an or
panized company to insure the estab-
lishment of town here. The spot has
an environment that would have made
town here anyhow, no matter whether
company had undertaken 1t or not-pret-
ty much on the same principle that when
YOU see an eligible vacant square IN the
the centre of busy city You are sure tnat
II must sooner or later be covered with
houses. For that is Just the situation OF
the town OF Lowmoor. If 1t had been
left alone West Clifton Forge would
have run into it in due time, and the
operators in the great mining tracts
around it would have made 1t their cen
tral point as they will do now.
The company is q company OF men
well known to the public. The presi-
dent is Major S. M. Yost. OF Stanton,
gentleman who has done as much to-
wards calling the attention of the coun-
try 10 Virginia as field for In
nestment as any man in the State,
and who has long been pointing out the
very spots in the promised land OF the |
old Commonwealth on which enterprise
has settled In the last two years. he IS
entirely familiar with all the advantages |
of the locality selected for the new town
OF Lowmoor.
The yice-president and general mana
ger is Captain Hamilton Shepperd, OF
Warrenton. who is known throughout |
Virginia as an active man OF affairs, and |
who has been prominent III this deyel-
opment era.
The secretary and treasurer Is Captain
John McQuaide, prominent citizen OF
Stanton, one of its most active public
men and o member Of its City Council.
The directors, besides the above Of
fcers. are james l.. Barbour, we'll
known merchant of Washington city.
George a. Mushback, of Alexandria,
of that county IN the
House of Delegates.
j. W. Perry, a cotton-broker Of Nor
folk.
w, II. Fowle. of Roanoke, and for
merly a well known citizen OF Stanton,
and
J.T. Cribbens, of Stanton, who is
largely interested in the enterprises now
going on.
THE FUTURE LowMooR.
/ have long ago expressed my opinion
of thesuccess of every enterprise that
has been undertaken in this iron region.
Their future rests on precisely the
things that made Pennsylvania the En-
pire State of the Union as far as IRON
manufactures are concerned. These
mountains are destined to be as full OF
and mining towns as
those OF Pennsylvania, and these town
lots that we see selling to-day at a few
hundreds will in due time be sold for
thousands. In writing this to-day l am
only repeating what Commodore Maury.
Professor Rogers, and other dlstin-
guished men wrote nearly forty years
before me. They were the boomers
and writers-up" OF their day, and 1t IS
but fair to say they had as many
doubters as the writers of this day.
But for all that time has shown
that they truly told the wealth
that Virginia owned and which, but for
the accursed institution of slavery,
would have been developed half
century ago and made Virginia as far
ahead of the rest of the southern States
as Pennsylvania is to-day ahead OF her.
As 90 TO these new enterprises and see
what is being done, / transfer my graft
tude from the great men OF forty years
ago who predicted the future to the
broad minded. enterprising men who are
making their words good to-day. And
in the courageous process OF making
them good you are going to find no more
thriving, more successful enterprise than
the new town of Lowmoor. 1t has
struck the ball's-eye of the Allegheny
ore-beds. ii. Z. L.
R1TTFRMIt- X AND COlDTEA