Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1890-05-02

Of these eight, as have tried to be ex &C
ia my reference to this feature Of the new
city, may say that I have seen the con-
cluded negotiations Of seven. Of the eighth,
the paper mill, I have only heard it stated
that the negotiations were concluded.
A CHICKEN COMING OUT OF THE EGG.
Since / was here before, the chicken has
its head decidedly out of the egg. The
music of the saw and hammer fills the air
and l saw one thing that is rather astonish-
ing in Virginia. On new store house be-
ing built, saw the carpenters still at work
on one story while on that below, the pain
tiers were already at work putting on the
first coat. 1t had not been rooted in. That
is what one might call rushing it. On
the North side of the city Lushbaugh
Bros. of Staunton have erected the Office for
the engineer and architects of the car works
and the ground for the works has been laid
off and the plans are being drawn. Looking
to where 1 was told two weeks ago one of
the sash and blind factories would be-, /
saw that it was already there and waiting
for the machinery. After the sale of lots,
which takes place on May 18th, Sth and 9th,
all the new industries that are not yet in
construction, will be taken up and pushed
ahead.
A contract has been made with a Build
ing Association to erect $4,000 worth of
buildings.
Another contract has been signed to
erect 17-room building for boarding
house for the hands building the car works.
STOCK TRANSACTIONS.
So many inquiries have been addressed to
me by letter and otherwise for ''what
think Basic City stock will go up to- that
I may say right here that know no more
about Basic City stock than 1 do about
who will win the Spring races. Its rate of
rise has been rapid and will certainly con-
tinue up to the end of the sale, for a great
many people will want to get hold of it to
buy lots with it. [ should not be surprised
at any price it reached under 800 by May
18th, but of course it cannot go over that.
Of course this is mere opinion, for I
know nothing more of the matter than any,
body who has read what I have written
about the company and it's enterprise in the
last few months.
THE PROSPECT OF THE NEW TOWN.
What we are all far more interested in.
than the difference of few dollars in the
market quotation of it's stock, is the pros
pect of permanent success for the new
town. A new and thriving city on this
beautiful site means great impetus to the
prosperity of Augusta county and this
section. After carefully looking over the
field and being tolerably intimate with it's
advantages, l can't see how ANYTHING short
of a.large town is to mark this spot-cer.
tainly to mark it if the excellent manage
ment heretofore displayed by it's Directors
is to be kept up. With railroad lines to
the seaboard and every quarter of the
Union; within twelve hours run by either
road OF deep salt water with iron. coke
timber, water, manganese In easy reach;
with the finest climate in the world: with
level and beautiful site for building: with
rapid running river for drainage; with
the markets OF the world open to whatever
is made here, and with the advantage of
wise and practical hands to guide it's growth
from a village into city, one has to be
pessimistic to marked degree to see any,
thing but good luck before the new town
and the workmen and tradesmen thereof
Nor is the aesthetic and comfort-giying
side OF life to be neglected. [ don't know
when l have seen so handsome hotel in
this part OF Virginia, OF indeed, anywhere
outside of large cities, as is contemplated
here and the plans of which are here ready
to be worked from.
And just here a word. There is likely to
be crowd here that will tax the capacity,