The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-08-28
Allegheny Mining and Development
COMPANY


We will publish in our next issue the
prospectus of the Allegheny Mining and
Development Company. 1t will be seen
from it that the company owns a very
valuable property, embracing beautiful
residence and business sites; locations
for industrial plants mineral industries
OF various kinds. and forest values, and
vast iron ore deposits.
Taking it as whole, we do not think
there has been placed before the public
scheme of so many attractions. and
which is SO sure to yield handsome re-
turn to every one who may become inter
ested in it. Not only are the advantages
of the holdings of the Allegheny Com
pany exceptional in their character and
combination, but the surroundings add
largely to these, and constitute interests
and assurances unsurpassed in Virginia.
Situated in the centre of an industrial
district, where $4,000 monthly are paid
out to labor within radius OF five
miles, and where developments are go
ing on in minerals and manufactures,
which in short time must double, II
not quadruple this monthly outlay, we
venture nothing in expressing the belief
that there is not to be found in the
South. or the North either, for that mat
ter so many wealth-c creating influences
and forces as are now being, and in the
future will be, called into ac' ion for the
development of that portion of Virginia.
Every condition related to the enterprise
is substantial and enduring, and will
grow in magnitude and af1luence in pro-
portion to the means and men that are
appropriated to their furtherance. From
81, ZOO, 900 to 81. 900, 900 have been invest
ed in the mineral properties and indus
trial plants within radius of ten miles
of the Allegheny Mining and Develop
ment property. Blast furnaces, rolling
mills, machine shops and mechanical
plants of almost every kind In full and
successful operation all around, and the
stir and rush of business in nearly every
avenue, invite the influences in motion
to build up and make prosperous and
wealthy the entire district of which the
Allegheny Mining and Development
Company is an important and central
part.
Other enterprises have based their
hopes of success upon the establishment
in the future of blast furnace. Here
there are two of the largest in the South
already in motion, sending out flame
and smoke and molten iron day in and
day out Eight hundred tons per week
is the product, right at the spot. A few
miles distant two furnaces of little less
capacity, consume from 800 to 400 tons
of ore day. A rolling mill at Iron Gate,
four miles distant, is converting the pig
into muck bar. Machine shops, in sight
are going up that will employ hundreds
of hands, and in every direction indus
trial life is astir, and business enter
prises multiplying to correspond with
natural and developed resources.
The Allegheny Mining and Develop
ment Company, organized under lib
eral charter. and engineered by liberal
men, intends to keep abreast of the
times, and to offer inducements for in
vestors which have not been presented
heretofore. The prospectus describes
the property and enlarges upon Its adj
vantages, and the management expects
to utilize these natural attractions in
the push and sagacity that will be
thrown into the Inauguration and pros
ecution of the project.