The times. [volume] (Richmond, Va.) 1890-1903, 1890-07-06

.5Iaud Company. under whose auspices
sho dourisbing town has been started, Is
composed of able and conservative business
mon. They are not striving to make money
but 10 establish town, and the principles
mon which they are proceeding show pam
| Ia that they know how 10 accomplish IT,
the company controls 900 acres Of the town
site and BOO acres Of mineral land, and on
| their mineral property are the famous Bear
mines-the finest mineral property in the
STATE by actual test at the furnace. The
comnany Is Differed as follows Samuel
Forrer. president: Edward Echols, vice pres
| ident. i. NJ. 0uarles. general manager, and
I. A. Wise, secretary and treasurer. with
sucb men in the lead there can be no doubt
of the ultimate growth and prosperity OF
Basic City. Their policy in the beginning
was not TO put lots on the market untll
sufficient industries had been secured 10 IN.
sure the success of the town beyond al
doubt. Ii is needless to say they succeeded.
Their liberality TO manufacturers and 9th
ers contemplating settling in Basic city has
been exceptional. Not only are sites given
away free, but almost irresistible induce
ments are offered.
| THE BELT LINE.
The Belt Line now being built will be OF
unauestiOnable advantage to the new city.
| It will run from point on the chesapeake
| and Ohio road, near the South River untll
| il reaches the Shenandoah Valley road,
passing Just in front Of the manufacturing
portion OF the town. II will DE a mile and
an eighth long, and will enable the various
manufacturers TO ship their goods literally
at their doors. There will be no items Of
drayage and carriage in their accounts.
GOOch a. Ryan are the contractors for the
Belt Line.
BLAST FURNACE.
Work is progressing rapidly on the enor-
NOUS blast furnace which is being built by
the Basic City Company. 1t will employ
about $50 skilled hands. and turn out a
hundred tons day. IL Is situated on
Steele's Creek and Immediately facing the
belt line railroad. The work has good man
agement and there is abundant prospect Of
a large business.
SMALLER MANUFACTURERS.
A paper mill to manufacture fancy
enameled and other papers, is being built
= Cincinnati men are at the bead of this enter
prise. They will employ seyenty-iive hands
There are two sash, door and blind iactO-
/, ries which will work one hundred hands.
An ice factory is being built. IL prolec
tors are from Pennsylvania.
, A match factory, which will work not less
than forty hands. is building on the Belt
Line railroad.
INVESTORS FLOCKING.
Investors are flocking to Basic from all
parts Of the country, mainly from New
York, Pennsylvania, Ohio and North Carroll.
ma, and while land is now selling low. 1t will
be naturally susceptible 10 "a gradual and
continual rise in the next few weeks
Money could not be placed better than in
lots or enterprises in the new town, and IN
yestors are realizing quickly upon their
capital, both small and large amounts.
BRIEF NOTES.
4 rolling mill is being negotiated for.
The soft water 10 be found is especially
good for use in the machinery.
Several new churches will be built soon
and large passenger depot will be erected
within a short time.
\ block Of brick stores is under construc-
ton at the corner Of Augusta avenue and
Fourth street.
About five hundred men are at work
now, building houses, factories, furnaces
. 30.
Mountain Top Hotel, the famous noun
tain resort, is in full view Of the town.
The Crimora mines, the greatest manga
nese mines in the world, are about five
miles from Basic.