The times. [volume] (Richmond, Va.) 1890-1903, 1890-01-16
CAPITAL In THE STATE.
PROGRESS MANIFESTED BY THE
SOUTHWEST.

MANIFESTED BY THE
SOUTHWEST.
Riches Of the Shenandoah Nslley-N""
Towns and New MISREPRESENTATION
of Buena yista-Many other Undertak-
ings.
A speclal dispatch from Lexington last
night said: II is more than prODapic .nae -
amount Of capital invested IN ns' ma
during the past four years OF uu,in5 IL .ao
last gubernatOrial term, Is Tar gieatei 'n's"
any one would suppose, ana sIe",i! ~ - ~
cess Of the figures named ny ouI ia it 1J,
ernor Fifzbugh Lee. II il were possible
IN carefully examine into this matter and
take reckoning Of dollar for dollar invest |
ed i'm the various enterprises IN lhs
state. the great aggregate would astouhu
start at Bristol and come towards Roam
oke. not forgetting 10 look into that Iien
coal. timber and stone country along lne
branch roads. at the Norfolk ana western
Railroad; then on to Roanoke, anu niI i..,ild'
OF capital actively engaged daily IN Duilu,
inc up that section into great mining a.p
manufacturing section VIII De iounu'
Thence from Roanoke nOrthWard over t,S
Shenandoah Valley Railroad as FAR n0rln
aa Mines is 20 be found one OF the Il'ne7'
IRON belts in the world. Until very lateil
less than a year-this section has Deen luiS
az 10 the development OF her hninei" anu
other natural resources.
THE VALLEYS SHARE.
Now this particularly favored section II
i'm tbe hands Of wide-awake men OF brains
and capital. and while the great South"ssl
H.n.a...
furnishes the coal, coke ana tlmDeri tnc
Shenandoah Valley will contribute her hne
mus manranese and steel ores and pig
metals 10 the manufacturers 10 work up
Roanoke. i'm her favored geographical loca-
fion. can profit by the situation If she WILL
luf fbere are other live towns coming on
th4f will dispute with her the right 70 SUI
nranacv as a manufacturing mart. FIRST,
north al Roanoke. we lind Glasgow, ihen
Rrena Vista. then the Basic City at
Wayncsbor0: and further on, Mines. All
these points possess their special adfan-
taees. and while only just organized their
/ interests are in the hands oil men WIZ
know no such word as fan.
BUENA vIsTNs BOOM.
The rapid growth and general interest eX-
cited bv the organization OF bueha fls1''
/ less than "a year old, is attracting large cap,
/ ital from all quarters OF TINS country anu
] -IH IIAhtr -lNhN 'AAAN'' ~ 1850
success that the grOssest acknowledgements
could not prevent her reaching, there springs
un critics who would cry her down. Buena
Vista. along with the other enterprises IN
fbo state. Is al work TO do "a great work Tor
tbo old mother state Her stockholders are
LARGELY Nirginians. distributed over wide
scone of country. and while Northern, west
ern ard foreign capital is pouring INTO her
lsp the dollars that are 70 build ner INTO Il
/ .,reat manufacturing and mining CITY, she
remains "a home enterprise pure ana SIM
ple. organized and operated by nome Gu
ierprise. brains and push.
That She is doing her part well and rapidly
uuon u solid foundation Of clearly denheu
business principles is shown IN the loiloW-
inc interesting details compiled by your cor
RESPONDENT for THE TIMES upon information
nlrnished by gentleman closely identined
with the cOmpany's financial policy
rINANTICAL STATISTICS.
The stock ISSUED numbers 1850, at SiO0
rar share. represonting Slls,OOO. The stock
MAS placed 40 fifty per cent Of its face value
being with the treasurer OF the company
when the last payment is met IN july next,
fa~g.OUO. The sum Of S2Oi,OO was pau ioi
fne thirteen thousand acres OF land ON
which the town is 20 De located, and the ore
beds behind 10. including the expense OF adj
ministratiOn and other expenses. ms let
fbo sum al $4,000 10 begin operations
with. The company has invested Slo,OOO IN
furnace stock. 81 900 in the paper mil
81 0OO i'm a WAGON factory. and $1,000 or 3d.
SOD i'm various other stocks and investments.
iu Am about 100000 invested, which Will
. easily pay $4,000 90 $4,000 annually. lhlI-
tg thousand dollars annually as royalty on
ores, clays. &C, will How into the treasury
while other receipts Will carry the grand 90
] annually N.UlINM
Under the present state Of affairs TINS Is q
fair estimate of the net increase OF the COM
many aside from any other source OF revenue.
During the past year the company has sold
s-iOn worth of lots. Lots are worth now
nom 500 % $1,000. The company holds
about 900 lots in the present town site
many OF which are business sites worth
now not a cent less than half million. An
authority SAYS. "As time passes and the
= present brilliant prospects Of the company
securing large and valuable induslIlal en-
terprises are realized these lots viii aggre-
gate 40 least $4,000 20 Sl,WO,oN.
This revenue. combined with that OF the
racpiuts of $4,000 from other sources, Will
make IL an easy matter for payment Of all
expenses and a dividend for years OF not
less than twenty per cent. on the lace pan
value of the stock.
The result of the first year, which VIII De
the both proXimO, IL will De possible, ana D.
more than probable, that the company Will
declare "a dividend Of ten per cent. on the
face value of It's stock, and again m june
next another dividend Of the same amount
What enterprise can make better show
ing than thiss Such able financial man
agement is "a sufficient guarantee TO Dusi
ness men that the present managers are the
right men in the right place, ana WINE
some few are talking Of new candidates ioi
position of president, 10 Will be an easy mat
Ter for A. Il. Barclay, the present efficient
haad of the company. % be reelected by an
almost unanimous vote at the annual meet
ing February 10th next.
OTHER NATURAL RESOURCES.
Behind an that have mentioned, Buena
Vista has resources, natural, and worth M
the next ten years or less time over f5,OOO,
: 900. which includes another town site
: stock without lots is selling at lJ@sO, and
i'm demand. II is really worth its face value
With lots 10 is worth over 5000 per share
and at no distant day will be the best STOCK
ON the market. for the vast capital already
assured % build the manufacturing enter
b prises 40 vast proportion that Will 20 up IN
the spring. building the place with a great
d manufacturing and mining mar. Will place
Buona Vista In the fore as the leading en-
ierprse i'm the state-nOt fiction, but TACT,
LATEST NOV EMEN A.
A wealthy Cincinnati paper syndicate
has closed with the Buena Vista Company
for the building of a mammoth paper mill
no Buena Vista. Wall, news, fancy writing
and other papers will be made there.
An English syndicate is negotiating for a
location of a large tinplate mill and other
Industries. They Will invest on the start
S2l0000. Buena Vista stock is in demand
at 100 par and advancing.
A movement is crystalizing TO build a
broad easy grade seyen-mile macadamlzed
turnpike between Lexington and Buena
Vista.
The Glasgow improvement Company has
organized with Col. j. ID. II. Ross, presi-
dent: W. 4. Ross, secretary and treasurer;
directors. EX-GOY. Fitz. Lee. NJ. NJ. Martin,
R0bt. Catlett. NJ. IL. Metz. j. NJ. {. Dair and
A. J.. Nelson. The minimum capital stock
Of hfty thousand was placed here in i've
hours. The Glasgow Company is almost
. ready for active work. Ex-Governor Lee,
the president. is hard al work, and as soon
as the ma Of the town is ready another sub
stantial boom viii be operative here.