The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-04-10
GLASGOW.
I'll T. WIZARD CITY OF TUE
JAMES RIVER VALLEY.
And the Future Ironopolis of the New
south--Paying Investments by Raj.
eish Peopie-W hat Raleigh and North
Carolina May do if They Will.

! So"'.h dyiHs investments by Raj.
eigh PeopIe-WhatR Raleigh and n orth
Carolina May do if They will.
Especial Cor. STATE CHRoNICLEl
SALISBURY, N. c., April /, 1901
spent last week in Glasgow, the new
city founded and being built by the
Rockbridge Company on the James
River, in Rockbridge county, Virginia.
For two reasons | am prompted to give
the readers Of the CHRONICLE a few OBJ
servatlons gathered there and there
abouts Ny first reason is because
believe the country should know what
Southern brains and Southern money are
doing in the way of industrial develop
ment. My second and main reason is to
suggest to our North Carolina folks the
advisability of doing likewise. Like Mr..
Peele, | am not in favor of waiting for
the Yankee dollar to gobble up all our
opportunities.
The Rockbridge Company was organ
lied year ago, with Gov Fitz Lee
at its head. Hon. VIM A. Anderson
was elected Vice President, Mr.. Robt.
II. Catlett, Secretary, Mr. II. K. Ed
mondson, Treasurer, and Major Miles
NJ. Martin General Manager. All thes e
men are natives of Virginia, and are
among the most prominent and loyal of
her many great and good men. The
company organized on a capital Of 81
500, 900. They sold only SAFE, 900 worth
OF stock, this amount being sufficient
to enable the company to begin practi-
cal operations. Many shares Of this
stock were taken in North Carolina. and
every share holder here or elsewhere can
, and will, have ne doubt, cheerfullv
! testify to the exact fairness which has
characterized the management of this
company. In the last diawing not every
one drew a valuable corner lot, but
Raleigh has one lady who drew LOT
which she could, doubtless, sell for 81
600; and her two shares of stock are wort!
100 cents in the dollar. So the thousand
dollar lot cost her $40. One Ra
leigh man sold his lot at $50, and the
: purchaser re sold it in few days fol
$500 Zach Of them made good trade
Nou~.y drew a lot worth less than ter
times what it cost them. Governor Lee
; Mr.. Cal tt and Major Martin are no
: engaged in any wild cat speculation
n scheme, but they have the opportunit
. for building big town and they are go
liig to do i, not on paper, but on one Q
i tie most naauUiful sites that ever nestle
il the midst Of picturesque rivers au
hills
!, Glasgow is situated on a lovely pa
teau Of land where the waters of th
James and the North rivers flow togett
II CT and break through the Blue Ridg
}. mountains. On one side Of the tow
:, runs the Shenandoah Valley railroad
on the ether side runs the Richmond .
le Allegheny and the Lexington branch G
the Chesapeake & Ohio. These give
a ample railroad facilities, but still anott
J important one of all, to run from Pitt
+ burg to Glasgow, and thence to Atlanti
u Governor Lee is also president of tn
company, and he told the writer that i
5s construction was certainty. The Wis
as tor to Glasgow naturally wonders why
8 town has not been built here years ag
70 He becomes enchanted with the su
lie roundings. Nature has constructed be
p a grand auditorium, from which he b
70 holds a hundred picturesque mountain
u leaning against an azure sky, forming
ie panorama Of peculiar grandeur; and
oe be sees the waters of the two rivers ci
ne cling around the foot of mountai
he winding through cliffs AID grassy pl;.'
cil to the beautiful valley, where they nl, !
'e- he naturally becomes enthused, and u
hidden, the spirit of the immortal Moo
steals up and whispers;
SO sweet
AS the vale in whose bosom the brig
he waters meet;
ba o, the last rays of feeling and life M;
depart,
Ere the bloom of that valley shall IA
70 from my heart"
All The Rockbridge people are not boomi
W a land company nor selling stocks
bonds. They have no stock for sa
eV. They have put only one Thousand to-
ty, lots on the market besides those dra'
rch by the stockholders. The company ca
prevent speculation on these lots I
prevent the nominal advances in valu
Zee The excellent management of the co
ties pany, their immense resources, the ma
Wis. natural advantages. ineXhaustible il
49, deposits, great beds of the celebra
~ James river cement, mountains of
W, clay, together with 40, 900 or more &C
un' ~ of timberland, mineral and other val
i.e' BILE lands all around are to be devel
.eGe, ed by the company. These things
nro n.v gether with the breaking of ground
~ a $75,0 600 hotel, the organization OF
90. = ~ iron furnace company with capita
u n $50. 900, nearly hundred business
- m dwelling houses already in course
~ ~ construction naturally make. real est
~ value increase very rapidly; and "
,;uo the managers of the company are
'ia , Virginians, not wild but conservat
sa5a sl5o not shoddy but substantial, the Y
.'1 Iao1 kee dollar, as we'll as the Dixie dol
i"H' ~ is finding It's way here, and are vic
- with each other III systematic effo,
- &c build big city.
80 North Carolina is as rich In mate
~ ~[;o resources as any of her Southern sist
..;ae ..;ae richer than Alabama, as rich as her
ana orous sister Virginia, and richer I
OH '-;u her sprightly daughter Tennessee.
- yet these States are getting aheae
'''oi her in this industrial development,
she is falling into line. Greensbo
taking the initiative, and like Glass