The daily critic., 1890-10-20
IElUSTRILL M0YEmENT LB0nT STllNT0g


4 Correspondents TeIi OF Its wonder
fully iucreasnr GROWTH
Editor CrHc In travelling through
the region of activity iu Virginia one
scarcely koow, how 20 estimate the
future Of each place.
AN hercwly- started towns em 20 DE
well handled and alive. The feature
of greatest moment, 10 my mind, is tue
presence of solid manufacturers from
different parts seeking the most 8dv4n-
tageous place for plants.
! have noticed This feature markedly
in Siaunton which is probably the Oldest
city and The most solid citv of the Val
ley-ltOauoke not excepted.
The main point To- be covered bE o
stranger looking into the mc-its of an
advancing town Is 10 see the proper rep.
reseuialive man mt the outset To The
case of stanton ] found that man to De
Mr. NJ. Erskine Miller, who is president
of ihe Stauutun Development Company
In my opinion Mr. Miller Is the brain.
Test man Of these parts, and his wealth
gives ample scope for his energy and
judgment
In the newer towns they tell Won Of
what they are going TO have, and which
I they no doubt will have but StauntOu
has all these things already
There seems 10 be a powerful under
tow 10 the situation here. In brief
there Is a great deal Of money here.
I was surprised to learn that In the two
I national banks there are now deposits of
I 81 Geo 600 and surplus and undivided
| profits Of 5000, 600 This speaks well
for city Of 10000 inhabitants. But.
upon consideration / attribute this fact
10 the number Of six months old towns
/ in close reach. For example, ! find
I Clifton Forge, Goshen, Basic City,
/ Buena Vista Shendan, all doing well
/ and nearly all founded upon stanton
/ money. These towns are well under
way, the promoters have to certain eX-
tent gotten in returns for their outlay,
and hence the plcthoric condition Of the
| banks This feature cannot be em.
/ phasized too strongly IN summing M
| the situation For at once therefrom
the inference Of conservatism and easy
money may be drawn.
Mr.. Miller has on hand now the new
| Hotel Allemonte, TO cost about Sl2j.
| COO, the conception Of Narndll Of Phila.
| delpbia, which will occupy com
| lIuhulHE NAAt bh lNG EINuuhe W lht
/ Development Company
The property IS well laid of, and will
be put in easy communication with the
\ city proper by the extension Of the
! system of street car lines which now
cover the city pro per
| IL Is proposed to handle the above
| property by the issue Of stock. two
shares OF which will draw lot. The
drawing day will probably he during
November, though no day has yet been
selected. The stockholders will be al
visCd S1,20O000 will be placed, $500,
0C0 Of which has already been taken.
Mr., Miller has supported his whole
strong policy by the establishment Of
agencies in Boston, New York, Cincju.
natl and Philadelphia The Philadel.
phia agent Is Mr.. ID. 4. Evans. ir,
whose correspondence shows the eager
interest IN Slauuton on the part Of Penn.
sylvania capitalists
There Is no denying the fact that the
movement seems but just begun, and
another fact, that, compared with the
| California and Northwestern activity of
a few years back, the progress OF Viz
| pinia Is but in its infancy. II seems.
| like the nine day old kitten, to be just
opening It's eyes.
W. +. CHRISTIAN.
STAUNToN, VA, Oct. Is, 1890.