Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-09-25
Development Notes.
NEWS FROM ALL PARTS OF THE DEyEL-
| OPING SECTION.

| NEWS FROM ALL IAhIS UT In L DEt Ell
OPING SECTION.
Among the Directors Of the Gordon
Land Co. chosen at the last general meet
ing of the stockholders, are ]. A. Cooke, H.
T. Rocky and Geo. G. Jordan, of Staun-
ton. Messrs. A. c. Braxton, w. L. Wal
ters. Jr., and Geo. G. Walters, Of Staun-
ton. declined reelection on account of the
demands of other business. The officers
elected are P. P. Barbour, President; J
D. Pendleton, Vice President; III. L
hockey. General Manager, and L. B. My
rick Secretary and Treasurer. The Treas
urers statement Of assets and liabilities
shows net surplus OF $31, 749, 80.
The Alvarado Park Co., Il Richmond
company, which purchased large tract OF
land joining Buena Vista on the North
met last week. The President reported
that owing to inability to secure sufficient
subscription, and the failure of many who
had subscribed to pay their assessments, il
is impossible for the company to accom-
plish the purposes for which it was organ
lied. The syndicate from whom the com.
pany purchased it's land offer to rescind
the contract, and q meeting will be held at
Richmond, October Goth, to consider this
offer.
The Staunton Improvement Co. held its
annual meeting last week. The reports OF
the officers were received and approved
Reeves Gait was unanimously reelected
President, and the following Directors
were chosen-W. II. Kable, j. f. Wilson
w. N. Wilson, G. r. Caldwell, A. r.
Hotter. w. H. Snuff and w. w. Robert
son.
A number of Richmond stockholders in
the Richmond and Harrisonburg Land Co.
Richmond company, have brought suit il
the Rockingham Circuit Court to rescind
and annul the stock subscriptions to the
same. and fOr the return of money paid 10y
them for stock.
| The trestle for the Staunton Development
| Cempany'S belt line, over the New Hope
road has been completed and the rails viii
be laid from that point to the Kroder Brass
| Works early next week. This will Opel
the entire belt line for operation.
The Harrisonburg Shoe Manufacturing
| Co., of which ]. II. Gallaher is President
made an assignment last week, and from
the same cause that operated the failure oil
the Staunton Shoe Co.-starting with toe
small a capital stock.
The Buena Vista Paper manufacturing
Co. made an assignment last week to j.
W. Blackburn, trustee, and from the pre-
vailing cause-having started with toe
small capital. It's plant cost S 10000 more
than it's entire capital stock.
D. L. Sylvester, President Of the Shen-
andoah Furnace Co., has resigned that po
sltion and returned to his home in Ph1la
delphia. D. W. Flickwir, its former Pres
ident, resumes control of the company s
affairs for the present.
There are forty-two suits in the Rock
bridge Circuit Court brought by the South
Iron Gate Co. against individual stockhol
ders for unpaid assessments. Jas. Bum
gardner and w. A. Anderson represent the
company.
Gen. Fitzhugh Lee and family will spend
the winter in Lexington at 1.-THE Pines. .
The loan from the Manhattan Trust Co. tC
the Rockbrldge Glasgow Co., will, it is
thought, furnish it means to carry out all
its enterprises with ease.
The Covington Improvement Co. has
elected B. Frank Eakle, General Manager,
for another year beginning with October.
r. L. Parrish was elected President in
place of Decater Axtell, resigned.
The factories at Basic City are busy. The
Cochrane works havo orders for roller pro-
cess machinery from San Francisco and
Dubuque for six months ahead. The Desk
Works are busy.
Jno. I. Dunlop has been elected Presi
| dent of the First National Bank of Buena
| Vista, vice Jno. W. Blackburn, resigned