Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1890-06-13

l. t.. building Co....................... $1,000
Smaller organizations. ............ $4,000
IoCal .......................- SOC, 600
A total of &1,900,G00 invested here
aDouts in less than year Nothing like
this has ever occurred in the iron districts
OF Alabama, where the magic cities have
sprung up. 1t simply means that there can
be no failure OF any enterprise in this vicin-
lty. There is too much money already in
vested, too much wealth behind it, too
many investors who know from an expert $
experience what they are doing, to permit
OF any falling back. The promoters of no
one enterprise can afford to let another fail.
TILE MEN ENGINEERING THESE GREAT
INVESTMENTS.
(. 1t is interesting to recall some of the
names OF the men who are largely interes-
ted IN the success of these enterprises. The
largest stakeholder in the West Iron Gate
Company is Governor Campbell of Ohio, a
man prominent in successful business en-
terprlses. He Was at one time elected
President OF the company, but his busy en-
sagements IN Ohio forced him to decline.
). +. Houck, an active and enterprising
citizen OF Harrisonburg, was elected in his
place. The head Of the Clifton Forge Com
pany is the millionaire Mccormick of Chi
cago. The hacker of the G. s. O. Develop
ment Co., is the Chesapeake & Ohio Ry. In
the Iron Gate Company are such men as
Mckinley Of Ohio, and Gov. Campbell of
ONO. 1t had time to spare I would 90
through all these companies and show that
leading men in all parts of the country have
fixed upon this locality as place for prof.
table investment.
Ihe immense resources of the country.
the transportation it enjoys to every quar-
ter OF the Union, the prices of labor. and
the cheapness Of the properties compared
with their value when develooet, have led
capitalists from all quarters to fix on this
corner OF Virginia as place for profit.
THE LANDS TO BE SOLD ON TUESDAY.
JUNE 9TH.
In former letter 1 described the beauti-
full scenery of Iron Gate 1t is unsurpassed
and l am tempted to add indispensable.
The immense cliffs standing as a gate
through which runs the clear and rapid riv-
Ell, form point from which you get the
prettiest OF views. Below them a few wards
the river makes little sweep to the left, and
On the PLAIN lies the new city. 1t will be a
favorite place this summer, not only for
its scenery but for it's fine hotel, and the
good fishing which the river gives. Through
the centre of the town runs the James Riv-
Ell division of the Chesapeake & Ohio Rail
way. which gives an outlet TO the sea as
well as connection with all the great rail
road systems OF the country. On this plain
are located part of the lots of the Iron
Gate and West Iron Gate Companies. They
are in portion of the city which is fast
building up, and in which Hon. Jacob Y ost
the General Manager of the first named
company, is now erecting brick mansion
Tor himself. The portion of the town which
was new to me, however, was the elevated
plateau which has always been intended for
the residence portion Of the town. and
where most of the sales on the oath will he
maze. A road of easy grade has been made
to the summit, and from the summit the
view is beautiful. At your feet lays the city
looking like checker board, dotted here
and there with stacks pouring out smoke.
Beyond, on the edge of the city flows the
river winding around the foot of a hill on
your right, and pouring itself into James
River. TO your left are the great gate
cliffs, between which the foaming river is
tumbling, and all around you are the
mountains. This plateau contains some
where near 4O0 acres, and with gentle in
cline stretches away to water course at
It's rear which will be indispensable for
drainage. Not only is this desirable sit
uation for the residences, but it seems to
me that with the lithia spring here it would
be capital spot for non-residents to build
summer cottages upon. There is no wa
tering place in Virginia that know of
that has location as good to put summer
cottages on. These residence sites will
bring the owner good prices as long as the
river runs, the mountains stand, and the
lith1a spring continues to flow.
THE HOTEL.
The buyers who come here will find a
hotel OF which they will carry away hap
Ply recollection. 1t is essentially a modern
and model hotel. 1t is four stories high
with minaret, and has long and broad
porches on each story. Mr.. Fred. Colburn
the Secretary and Treasurer of the Iron
Gate Company, is managing it, in which
he has the assistance of his wife. It was
built under his suggestions and rection.
The chambers are luxuriously furnished,
and their mantel pieces have a large mirror
running their whole length and forming a
part of the mantel. Their furniture is of
the latest styles, the windows have lace
curtains and shades and there are electric
bells. The halls are richly furnished, and
the parlor, or parlors-for there are two
divided by a portiere-are the perfection Of
good taste and beauty in the upholstering
and furnishing. This room, am told, owes
its perfection to the taste of Mrs. Colburn,
who also made the selections for the greater
part OF the house furnishing. The dining
room is bright and airy and the table silver
OF very pretty designs. The establishment
has French cook and French pastry cook.
The fare like the cooking, is of the best,
and the house is as neat as new pin IN every
corner of it. The hotelhas been open but
two weeks and as soon as it is found out
will, venture to predict, be one of the
most popul summer resorts in Virginia.
not only for pleasure but for health. For /
suppose there is not another hotel in the