The Sunday herald and weekly national intelligencer., 1890-08-24

bney are Oelng demonstrated more clearly by
the wonderful success of those who have in
vested their capital in that section since the in
auguration of the recent boom, and it cannot be
long before the great tide of emigration from
the North and East, which has been running
Westward for years, will be fully turned toward
the fertile valleys and mineral-laden hills of the
South.
Chauncey NJ. Depew in addressing the Alumni
Association of Yale College a few months ago,
summed up the result of his observations on his
trip through the South in these words:
THE net result of this visit to the South, to my
mind, is just ths-that the South is the bonanza
of the future. We have developed all the great
and sudden opportunities for wealth, or most of
them, in our Northwestern States and on the Pa
cific slope. But here is vast country with the
health which are absolutely unparalleled, with
vast forests untouched, with enormous veins of
coal and iron, which yet have not known any
thing beyond their original conditions; with soil
that, under proper cultivation, for little capital
ditions in the atmosphere for comfortable living
winter and summer which exist nowhere else in
the country; and that is to be the attraction for
the young men who go out from the farms to
seek settlement, and not by immigration from
abroad-forI do not think they will go that way
but by the internal immigration from our own
country 1t is to become in time prosperous as
any other section of the country and as prosper
Gus by purely American development"
Some of the most desirable manufacturing
sites are to be found in the States of Virginia
and West Virginia. Throughout these States
are locations suited in everything for the manu-
facture OF wagons, stoves, agricultural imple-
ments, furniture, or for foundries, machine
shops, rolling mills, iron pipe works, horse
shoes, glass and nail works, cotton or woollen
mills, and tanneries.
The Norfolk and Western Railroad running
from Norfolk to Bristol, Tenn, Norton, Va,
and 1ronton, Ohio, brings this whole section
into direct communication with the markets of
ia and thnrn tcy s.zl.z.
not now be fully developed. AS an instance of
the rapid development frequently to be seen in
the South may be mentioned the town of Salem,
Va On the I'd of October last the Salem I'm
provement Company organized with an au-
thorzed capital of S1,000000 OF this amount
there was only issued $3O0000 which was all
taken within month, and at once sold at a
premium. The company purchased9 900 acres of
land adjoining the town, laid out streets, and
placed the first lots on sale December II. Ten
days from the beginning of the sale and only
eleven weeks from the organization of the com
pany more than 700 lots had been sold for more
than S30O,O00, and the board of directors de.
clared dividend of so per cent on the capital
stock, and ordered the same to be credited to
the stockholders in payment of the so per cent.
stlll due on the Stock only two assessments of
10 per cent. each having been called and paid
in. This action makes the stock fully paid up
and it is now selling at high premium on
the par value, which is $40 share The
foundations of the first iron furnace have been
cured; two large brick works-capacity, 100000
day-and a mandatory of tile piping have
been located; the Camden Iron Works and
other existing industries are increasing their ca
pacity; plans are on foot for rolling mill a
''Bee Hive'' power plant, and an electric light
plant; various large enterprises are in prospect,
including one that will employ two hundred
women; new hotel, costing $4,000, is to be 4
erected during the year $780, and hundreds of
business-houses and residences will be built at
an early day.
Another example of the remarkable rapiditv
of growth in this section is Roanoke, at present
a thriving city of ZOO inhabitants. Eight or
nine years ago this site was known as "Big
Lick," and its population was probably not over
six hundred. 1t is situated at the junction of
the Norfolk and Western and the Shenandoah
Valley Railroads. and is one of the most beau
tifully located cities in the whole of Virginia
large proportion of the male population is
employed in the machine works, the three iron
furnaces, rolling mill, bridge works, and car
riage works. The canning factory, planning
mills, tobacco works. ice factory, brick works,
and numerous other minor interests with the
endless building and grading operations, afford
plenty of work for all corners. Costly churches
of the several leading denominations and sub
stantial school buildings adorn many street
corners. Hollin's Female Institute and the
newly finished Allegheny Institute are both To-
Gated here The water supply is of unusual ex-
cellence, and is furnished by spring flowing
over five million gallons per day. Three daily
newspapers are published here, and numerous
other evidences of the lasting prosperity of the
city are to be seen.
Radford is a thriving town situated in Mont
gomery County, forty-two miles beyond Roa-
noak. 1t is located upon New River, at the
point of the junction of the New River Division
OF the Norfolk and Western Railroad and its
main line. All Of the land Immediately along
the river front not occupied by the railroad
tracks has been held in reserve for iron-making
industries, saw-mills, and canncries. Very lib
eral inducements are offered corporations de-
string to locate. Extensive stone and brick
works are already in operation. An iron fur
mace is TO be erected, also cast-iron pipe works
and a plate rolling mill. Extensive sidings
have been provided at this point for the hand
ling of coal, chiefly the Brush Mountain semi
anthracite. Two concerns make sashes, blinds,
and doors Radford has the additional adyan-
tage of being the headquarters of the n. q w.
Railroad for the Western Division. 1t forms
the outlet of the COAL iron, zinc, timber, and
cattle OF Southwest Virginia, and is the centre
OF rich agricultural and grazing section. The
climate is healthful and invigorating the eleYa-
tion being $50 to l,S90 feet. The effective or
with the location from 4,490 to 4914 horse
power. This town has fine facilities for the
manufacture of furniture, stoves pulp, leather,
wagons, boots and shoes, iron, tobacco, flour,
hardware and glass; and for the erection of
mills and factories for the manufacture of Yar-
Gus other commodities
Pulaski is situated about fifteen miles beyOnd
Radford, and is likewise rich in natural re-
sources. The outlook for its becoming manu-
featuring site of some prominence is highly sat
isfactory.
Iyanhoe is another town of great promise, and
factories OF various kinds are continually going