The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-02-25
SOUTHWEST VIRGINIA NEWS.

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A British steamer. loaded with 5000
pales OF cotton, went ashore on Ocracoke
beach some time Saturday night. The
crew consisted Of thirty-five men, one of
whom was drowned. The rest wero
saved by the life-saving crew of the New
Inlet ~lifc-saving station. Tho Merritt
Nreck1ng Company sent the steamer j.
ID Jones to her assistance.
Tho new English steamer Haighton,
oading cotton at tho wharvcs of the
norfolk and Western railroad, caught
IRE Monday and Il lot of cotton was dam
aged. Tho fire was cXtinguishcd by
tugs The ship was very little damaged.
Tho schooner East New Market, of
Norfolk, Captain Moon, was capsized
about 10 o'clock Saturday night at
Pages Rock, York river, and drifted
down to Sandy Point.
Blackstone is still forging ahead. A
Boston man was there the other day to
locate a place for a large wooden mill;
Two others have already closed a con-
tract for the manufacture of brick on a
large scale, and still another proposes
to establish q door and blind factory.
The Damascus Land and Enterprise
prise Company met at Abingdon Friday.
They voted $780, Oo to the Damascus
road n granted rights Of way through
their lands. They granted rights Of
way and seventeen acres of land to the
Danville and East Tennessee.
The Scotch Coal, Iron and Railroad
Company, which is incorporated to build
a railroad from Charleston to q point on
the Norfolk and Western railroad, in
Mcdowell county, has been filed for
record In the Office of the clerk of Nc
lowell COnntU n mnrfnnnn modn m Tho
Central Loan and Trust Company to Sc
cure the payment Of So, 600, 600 Of first
mortgage bonds. The mortgage covers
$4,000 acres of coal and lumber land
owned by the company in this State.
The Newport News Ice Company has
been incorporated with a capital stock
of not less than 500 600 nor more than
$40, 600 to erect the ice factory pre-
viously mentioned.
contract has, it is reported, been
signed by Chicago (Ill.) and other CAPT.
taliSts for h erection of a 5000. 600
structural and galvanized iron works in
Pulaski City.
The Robinson Seabeard and Roanoke
railroad system has secured control of
the Georgia Southern and Florida rail
road, which, upon the construction of a
connecting line between Macon, Ga.
and q point at or near Elberton, on tho
Georgia, Carolina and Northern railroad
of the Seaboard and Roanoke system,
VIII give the purchasing road Il direct
system between Portsmouth, Va, and
Palatka, Ella.
The Detroit Evening News Of recent
date published an interview with Mr..
John Z. Grant, a Canadian gentleman
who has organized many large corpora
lions In England to engage in American
industries. Mr.. Grant IS reported as
saying:
"There seems to be an English craze
for Southern investments. never saw
anything equal to it in my life. There
are millions of dollars in London not
affected by the financial furry of specu-
lators that will be invested in the
South"
"Why do you work in tho interest of
Southern investments when you have
both the coal II iron in Canada?" was
asked Mr.. Grant.
"Becausc, in the first Place, the Eng
lishman is unwilling to invest his CAPT.
tai in iron making in my country. Eng
lana Will not encourage it. She wants
to make it herself. Another reason is
the South has the coal and ore together,
While they arc from GOO to 500 miles
apart in Canada. Another reason is
there is a market for it in the South,
and there is mono for it in Canada.
have just reterned from London, where
4 syndicate has been formed to develop
$4,000 to $4,000 acres of Tennessee coal,
iron and timber lands. and they have
closed a contract with James =. White
row., of Pittsburg, Pa, to erect a 15O-ton
furnace and 1000 coke ovens, and | was
reliably informed that the same COM
pany had like contracts for 81. 900, 600 to
So. 0O0, 600 of iron furnaces and coke
ovens in the South.
Some thirty-seven or forty convicts,
who have been at work on the South
Atlantic and Ohio railroad near Big
Stone Gap, were brought in last week
and shipped to Covington. The reason
given for the South Atlantic and Ohio
giving them up was that it cost too
much to work them.
An injunction has been secured re-
straining the corporation of Bristol, Va.
from issuing 500, 600 to the Danvillo
and East Tennessee railroad. The in
junction is prayed for on the grounds OF
unconstitutionality of said bonds. Law
yers say that Bristol cannot under the
law of Virginia issue bonds to the
amount given the Danville and Eas.
Tennessee.
DIR. Parsons Libernlity.