The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-10-23
ON IT'S ECONOMICAL side.

UN LIS ECUNUMlCAL SlDE.
/ Staunton, Va. Considered from a
New Point Of View.
! ONCE IT WAS THOUGHT OF ONLY AS A HUGE
4 ACADEMY FOR MISUNDERSTANDING FAC
TORIES REARED THEIR cHIMNEYs THERE-GREAT
| NATURAL RESOURCES SURROUNDING THE CITY
| HOW THEY WILL BE TAKEN ADVANTAGE OF.
| T. C. Ruggles in Yonkers, N Y, Gazette
In. Dan Chaucer's day the fashionable young
l ladies of. England were sent to the finishing
schools at Stratford on the Bow to complete
their education, and although the town was an
important one economically, nobody outside
ever thought OF it except as great aggregation
OF prinl misses. So throughout the South for
many years the city of Staunton has been con-
nected in the minds of the people with visions
| of sweet sixteen promenading in endless ranks,
| two deep and eyes front. Staunton is the Pough-
4 keepsie of the South, but on larger scale, for
instead of one young ladies' seminary it has
/ four, and there are never less than a thousand
young ladies being finished off there Tie
\ present seminary population represents twenty
A two States. Hence there is some ground for
popular decisions as to the sort of town Staun
/ ton is
But when it is considered that the city has a
population of over twelve thousand, it will at
once be granted that it must be important in
other directions than educationally. A word
/ CT two as to its interests outside of the semina
i res
To begin. Staunton is the county seat of Angus
ia county, Va, and Augusta county is the richest
in the Virginia Valley. 1t is fertile in soil,
4 abounds in minerals and It's hills are clothed
4 with magnificent timber. The largest manga
nese mine in the United States is within the
4 county. There are also large deposits of specu-
4 lar, magnetic, hematite and limonite ores, cop
per, zinc and lead. In it's clayS alone the county
has an inexhaustible store of wealth. There
] are fire clays, kaoln clays and Ochres. OF these
4 there are varieties suitable for making ordna-
4 Ty brick, e-brick, terra-cotta ware, drain
1 pipes, sewer pipes and paints. There are two
/ kinds of limestone in the county and plenty of
/. both. OF the one Sort good building stone is
1 quarried, and it also makes good fux for iron
/ ores and burns into good lime. The other makes
i hydraulic cement that will some day come into
1 active competition with the cements made in
/ the Catskiis. OF marbles there are great stores
4 and all are highly ornamental stones, taking
4 good polish and highly effective for decorative
4 architecture. The colors include all shades of
black and white mixtures, verging through the
4 grays to the jet black; also pinks and puppies
4 When some of these marbles reach the North
4 ern market they will create sensation, they
are so beautiful.
The lumber includes many kinds suitable for
building furniture and cabinet work. Indeed
experts say that within a hundred miles of
. oO'oioon oieie 10 d sieaoei '@lieUy VI saiuapio
"oous can Can oe louhu NJ any ooher uissrlco of
equal SIZE IN america. Ihese Iores1s are stlll
virgin 10 Ttne axe among the more Vaiuapie
80 80, rai,,.oaa oa11aa ~ Sta,',,ta,, 800
a,,sta lii soo,, ha h,,i1t ,,,,io,, LII
1ar9a tn,ba, 5;st,ict aooassih1o ond a1so ofroo+
communicatior With the 1aroa coal aalds - tho
N,,rth,x,os+ ~.
o''onooi eoo' pionoS " ooot az pioeoiio' lo"-
esei anu Iloo Wy oneapiy' ioi l's q Junceion
"" IL 'iio @ioy ~ "noi u VIC is-ieiiioie anu
oiiio sysoei crossing 1he iii''in me VI cne ones
s'peahe anu on,o i'al"ay az oiiis poinC. ho1h
Aoaue iiase ooHolone IL ono Guy anu ofihS It
within ie.o,i u .ne loeanoleas, view niSer anu
OohhelSsvlie coal ieiets Desides giving IL a mag
.raiii seiVioe' WE'VE iiiiles 10 the eas6
" ooauhuon runs OAe olienanuoan vaiiey me
anu arrangements are pelns niaae 10 pulio
ofahcn 70 cohhec1 cliis loaa Win tle Guy ana
ents iltfoauce al aaulcloIal compe1iVor 1or the
iiois n's ~ mas W oei. Anese are considerable,
aol ohe INDUSTRIES az presen1 III operation at
inoii'ie 0iie ial esO aciu factory
- o'io W.. ~ anoo iao'oi - oeiiiase iao'oly,
wv iui haouie lao'oiles' C"o iion louiuerles,
q ""son iaooo, " ioui pi'nins ihiis, noufins
iiili' leeu mil piascer lnli' al ice factory,
wv lel 1l,iNei ls'o'orles ana nuinoer u orlck
Saiuo - oheao' "i ansoiiio'i'S aiS oeins coiu-
pieOou w oiie o''u'on Deveioi'nieiiu toiipahy 10
D -, - 49, 80, 7 - 49, " 20 % ''so1i
tory. The same comnanv viii, also hnild q com
modious hotel.
r,,s cor,,,on,, 49, 49,, eo,oa
months VET g, eneryetic and business like have
been it's operations that already the real-estate
market o,tsida Of thar fro nsa ctions hoe hecoma
brisk ana there has heap q general enhance
ment Of property valnes in the town codal to d
per cent yet thew ara far from helm, hoomers
and cannot racsl1 a Gin o1a instance of a town
comnany heinz, formed in tho South which nro
posed at the start such conservative restrictions
to its operations as this one did perhaps the
men who were chosen for IFS or1,cers will ac
count for this. The President is M. Erskine
Miller who is also President of three great coal
companies in Virginia: S. M Yost another well
known Virginian, is vice-President, and the
other directors are Isaac WITT, John McQuaide
Andrew Bowling, jed Hotchkiss, ], H, Wayt
and H. NJ Bell, all respected and well-to do citi-
zens of Staunton, O. K Lapham of Chicago; III
H. Fay Of Boston; w L. Fleming of Richmond
and George Fl. Hull, who is President of the
American Pig Iron Storage Warrant Company
of New York. W. p Tams treasurer OF the
Company, is cashier Of the Augusta National
Rank and ". J. Perry, Secretary. None of these
men would allow his name to be connected with
any but a sound project, er,navtng good thing
would allow himself to be carried away by ell
thusiasm,
This f,on,nanv vass incornorsted M, tho vir
oinia I,aois1otnre eiven liberal novvers and al
1owa5 a can;ta1 Of - ooO 600
Daoss 4uons - $3.50 - ~.
" i'ni' pa. Wy "lSiiii Gnu p'lo,y "u1ons ono
~. avg nlli,.s - 9'eu,oon ine wv POI "
onis piope.Oy . oounucu ny 'no wv ia,i oau0
stream giving mnch w. ter-nower flows throush
the pronerty. This land has been divided into
three classes. Abont three hundred acres living
neare Il the railway and the water-noyer will
he re- served to be given away later on for sites
for factories. The rest has been rlotted into
- ONO residence and business lots Fin. ,orns or
| engineers are now surveying and laying off the
lots and streets. or these 6.O0O will he amor
| TONED among the shareholders of the Comnanv
according to the following PLAN The stock has
been divided into one-hundred- dollar shares.
and it is proposed to issue 81 100000 OF the entire
! capital at once and it is possible that the re-
| mainder will never be issued. Subscribers to
| the stock having the option of paving par value