Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-12-17
supplies Of ores are inexhaustible, whiio
| their value for iron-producing has been
shown by experts to be beyond question.

supplies OF ores are inexhaustible, while
their value for iron-producing has been
shown by experts to be beyond question.
INDUSTRIAL ESTExPRIsxs.
In addition to furnaces the following
will be some of the new enterprises at Lo.
gan City: A plant for the manufacture OF
wood-pulp, q paper-mill, q woodworking
factory. tannery, an iron foundry ana
machine-shops, steel plant and rolling
mills. a cotton-factory, woollen-factory,
slate-mills. lumber-mills, &c. The policy
OF the company is to encourage all classes
Of manufactures, and their financial plan
is simple and business-likc.
FINANCIAL
The capital stock Of tho company ls
g.. 0O0. 900. divided into shares of 500 each.
All shares will be sold at their par value
and upon the following terms Five dol
lars per share to be paid on each share
at the time Of subscription. and not more
than $40 per share to be paid at each as
sessment tberesfter--assessmen 10 Do
made in no case oftener than once month.
Purchasers of every two shares OF STOCK
will be entitled to one lot in the
proposed town. and every purchaser OF
twenty shares will be entitled 10 an adj:
dtional villa site Of not less than one halt
acre The 4,000 acres IN the town site VIII
make from 10000 10 $4,000 building lots,
and after setting aside sufficient lots and
villa sites for tho purchasers OF stock, for
manufacturing plants. and for notes.
parks, &C., the company VIII SIN nave
from 5000 10 10000 lots. the proceeds OF
the sale of which will be added to the sur
plus.
APPEALs TO THE JUDGMENT.
That this financial plan Of the company.
taken in connection with the EXHIBIT Lo-
gan CITY makes as a desirable place OF resi-
dence and the prophesy OF manufactu-
ring centre, it contains appeals to the
Judgment of businessmen is shown Dy
the fact that already over 800 shares OF the
stock have been taken. and that, too, al
though no effort has been made TO boom
the place In fact, Logan City IA situation
that appeals TO the logical faculty OF any
one that will examine it. 1t needs no
booming" in the sense that word ls so
often used. 1t is natural location LOT
city. Ii is ninety-one miles from Rlch-
mond. forty-fve miles from Lynchburg,
and is on one of the great railway highways
east and west. II has reliable water-power
TO turn countless wheels. IL is the centre
of magnificent agricultural district ana
Of mineral area of inexhaustible wealth,
and i'm easy access of the great coal-felds
of West Virginia. 1t has oil the requisites
of health resort. What more is neces-
sary? What stronger argument could be
presented TO show that in putting Their
stock on the market the Virginia steel,
Iron and Slate Company offer TO both the
capitalist and those who are in search OF a
delightful home golden opportunity
TO BUILD UPON.
Logan City. in the population and tradi,,
tiops of Howardsyille, has already a good
basis to build upon, and that the. present
population will in the course of very
short time be multiplied by considerable
figure goes without saying. Capitalists
alone will not permit the golden opportu-
nifty to slip by failing to EN-
bark in manufacturing enterprises
here. and that that means a
great demand for building sites Is fixed
fact. The principal Office of the company
is at Richmond. and, as / have said. the
general manager is Mr.. Frank T. Anderson.
whose knowledge of such property Is sui
fcient guarantee that the company's en-
terprise is most promising one.
ARAMISTA.