The times. [volume] (Richmond, Va.) 1890-1903, 1890-03-02
THE wAyNrspono COMPANY
or waynesboro. Augusta co"n'''
u.,rescntatf.es Interviewer

or Waynesboro. Augusta c""i''''
rt.ore.cntatixes interviewed
Messrs. J. r. Templeton. general nan"s'', ,
and coorgo g Maslin. one Of the directors Of
this company. are stopping at foro : no'e''
and were interviewed by ME- r. ie ipan;tai
"Mr. Templcton, VIII. ho,v arc Tho
stock Of your company "'"
shares issuedf' 49,, ,o,;ta1- $500 600
r. ia ,, and nOn-a-ses-aDle' pul vhis
an. Thousand shares. OF one nun
dr.d thousand SlW,uuu) uoh'i9' vi
ulsu - will now Doe issued. FIX
f'.oa-ed aud fny shares have been soid.
M, hnrdrod and fifty shares are offered
I'm tbe aforesaid lots. The remaining
e,,r .housand H.OO0) shares viii remain iii
NO aand- of the company ana heiu TOT
account Of hottermenis or the holders Oh
the one thousand shares equi'"pi, ,
mat il. there are $50 lots now oiieied' anu
40. er these lots is 10 be given with eacn
share az stock sold. These are most de.iI'
allie niece, Of proporty-those intended i'.
business houses have "A frontage OF - ieei
and are l5O feet deep; those for residences
ora ~ feet front, with the same depth as lne
others ..,......,...
bic property I'm this plat. Is there notf
.Yes. the company owns, besides this,
f-O lots not offered. in which each stock
holder Is interested in proportion TO the
amount of stock held by him.
~What advantages does this property
have rs iO it, situation, surroundings
etc.y
swell. Wayncsb0ro is now the centre OF
the following new enterprises. which imme-
diatelv Join the town and each other; Basic
.at. al f HI q
ComuarY-a promising cntcrpri-e-Wltu
large nd valuable iron property; The
ROLAND lion Company, which has a most
valuable iron property. both specular ana
homatite ores. West Wayncsb0ro Conn.,
pany. Of which General T. J.. kosser Us
president. I'm addition 10 these sunstah'
fial and now well organized enterprises,
Wavuesh0r0 Is surrounded with untold min
pral wealth. 10 is iu the midst OF the
Potsdam Or Blue Ridge orc5-hema-
ites and limcstOncs adapted t0 blast
furnace and Basic steel plant use.
The railroads leading 90 the North,
south. East on West. Will take one into the
above deposits. The largest manganese
mine in America is near NaynosOor0. and
is controlled by Mr.. Andrew Carnegie. DO
is thought that This valuable ore Is in great
abundance throughout the entire Naynes-
b0rO basin. I'm addition % these accce,si-
bic minerals. the greatest coke producing
centres of the world are within easy reach
To i0nncl'syiIlo NYrail. STA The shenandoah
and Baltimore and Ohio Railroads, about
30 miles. tO p0cahentas. on the flat-lop
coke region. about 10 miles hy the >henan-
doah and Norfolk and Western Rail-
roads: 90 the New river coke district 10
miles by the Chesapeake and Ohio Rail-
road. Thus 10 Will DE seen that
ID IHH
of two great railroads. i'm the midst of the
best ores'in Virginia, with choice of, and
competitive option 10 buy from. the largest
and best coke fields ion America, her adyan-
mges must Doe readily seen and ackn0W-
lodged without much effort by thH most
casual observer. The beautiful Valley oi
the Shenandoah. combining fine climate. in-
surfing health 90 the tOiler- in mills and fac
tories. as well as those seeking pleasure,
with beauty of scenery. backed up with %
population and civilization OF century
and BALI. noted for it- high character and
sturdy citizenship. NayuesDOr0. with its
enterprisinl citizenship, schools and
churches, in the centre of at these rare
gifts of nature. must become a thriving
and growing city,
"Mr. Masiin. you are one Of Che director,
Of this company. and interested i'm it's Sue
i'm this cuierprises'
"WolL Mr. VI. Erskire Miller president
is also president 0i one of the three largest
c0kiuc-le.ds in the United States. that b.
the Fire Greek Coal and Coke Company, oi
West Virginia. lie is % capitalist OF ample
means. and is noted as successful inan-
cicr, being at tie head Oi and interested
In many 0thof successful enterprises
i'm this state. The Yice-prcsident OF
tni- company is MIR. Thomas III.
Anfriem. who IFS too Wei known iu this state
as prominent and successful bushes.
man. tO need any mention. There are also
other prominent members in the board of
directors. such as i. W. Burke, ESQ, prosi-
dent of the National Valley Bank of -tanu-
ton. Va; the Hon. Edward Ecnols, Senator
from Augusta county,
"lIr Templeton, what do you think of
ibis as an investment. and DO yOu not c0n-
template getting capital interested in other
parts of The country in this rpriseW
"The investment IS strictly 1rst-class.
and those taking stock iu this enterprise
viii I'm short while realize two for one Oh
the amounts invested. We think 60 well of
ih9 enterprise. You see. flat we have 0nlY
offered about 0ne-ilurlh nj the whole stock
and property. ue retaining the balance
"N hat has been the success 0I similar
enterprises i'm your section in tine last feW
years. in fact. since an iniiuX Of capital has
been invested boz this state r
There has not been 20 dollar lost from
Waync.U.rO t0 the Tennessee line that ]
nave heard off and as you wei know there
have been investments of large amounts of
capital all through This portion NJ the State.
and almost invariably the enterprises have
paid enormous profits, boo many Instances
Use for One.'
"Geni'emen. how long win You remain In
the cifyE
''lhl- is hard question for u- 20 answer.
as we are liable tO De- called home 40 amy
time- as the small amount of stock offered
is being rapidly taken up
"Alr Icmp.et0n. what facilities have y0u
10 reach the best markets with your pro-
ducf-s'
'sNew York. Philadelphia. Baltimore.
pitfsDurg and Cincinnati consume three
nnhs OF all the iron produced m The United
STATES. and NaynesD0rO is the choiceOf these
great iron mart- as We can put our ores
there at cOst0i s3 per tom. also We can ship
Dig iron bY the Chesapeake and Ohio Rail-
road 90 West Point, and then pat 10 aboard
of vessels and load as ballast.
which enables us 10 put DO
iu the European markets cheaper than it
can Doe manufactured, then this IS fact
that has been proven. and ] anticipate DOB
the near future, that capital from the old
World win be freely invested in this Sec
.ion
Barton Heights.