The times. [volume] (Richmond, Va.) 1890-1903, 1891-05-26


TBE ELDcrRro PLANT.
The Clifton Forge ElectricI Light and powor
Company was incorporated with a capital
stock Of 500. 900, and Is located upon land do
mated by the Clifton Forge Company. which
company has fostered and materially assisted
them IN the progress Of the plant. The ca
pacity Of the plant will be 30 arc lights and
$50 incandescent burners. The work is being
very rapidly pushed to completion, the ma
chinery is in transit, and within thirty DAYS
IT - estimated that they will be in working
order. The streets and dwellings Of the city
will be lighted. and negotiations are now
pending for the lighting of the railroad com
pany shops.
LUMBER AND BUILDING COMPANY.
Tho Clifton Forge Lumber and Building
Company is Incorporated with capital stock
OF 500 600 and have already begun business
on an extended scale. They will erect sash,
door and blind factory, and in addition TO
large lumber and coal yards. are building a
handsome brick warehouse for the operation
Of an extensive hardware trade.
The factory alone will require twenty-five
20 thirty hands in various departments.
Thoy are also engaged in putting up new
dwelling houses and will prove very large
builders.
BANKING AND CONSTRUCTION COMPANY.
The building of the Clifton Forge Bank
ing and Construction Company has already
been auspiciOusly inaugurated, and at various
points over the property of the Clifton Forge
Company they have erected very handsome
residences.
The capital stock Of the company is $780,
O00 They obligated themselves to build
$50, 900 worth of property 10y early in 1892,
and have now completed over half of the con-
tract
The dwellings they have put up are exceed
ingly attractive IN appearance and beautifully
located, and are in all respects desirable
homes.
MINING AND DEVELOPMENT COMPANY.
This company was organized in August last,
and now owns about 5000 acres of land i'm
mediately adjacent 10 the city. The lands
are almost entirely mineral although about
go acres at Iron Gate and 200 acres nj Clifton
Forge have been reserved as lot lands and
the balance has been distributed among the
stockholders.
Developments upon the iron property show
q vein OF brown hematite ore from eight to
twenty and a half feet wide, and running for
four miles through the company's property.
The president of this company Is Colonel L.
VI. Il. IalcOt. and George X. Anderson IS
secretary and treasurer.
Among the directors, who are all well
known are Hon. Henry T. Wickham. general
solicitor for the Chesapeake and Ohio Rail
road Company Hon. K. II. Cardwell. speaker
of the House Of Delegates of Virginia; Colonel
W. II. Palmer. president of the City Bank Of
Richmord c. +. Wexford, secretary OF the
Chesapeake and Ohio Railroad Company }.
l.. Page. cashier of the Allegheny Bank; W.
{. Moody. of Clifton Forge, and G. G Gooch,
president of the Basic City Bank of Staun-
ton.
Extensive developments are now being
made of the iron ores upon this property,
which consists OF brown hematlte, red shale
and fossil Necessary railroad connections
mill la oil in fA these
ores upon the market. The company also
owns the lands on both sides of the jackson
river. where it breaks through the mountains
near this city, and has a magnificent water
power al that point.
The entire holdings of this company are
very valuable. and the analysis of the herna-
tite ores show them to be OF superior quality.
CLIFTON FORGE PUBLISHING COMPANY.
If there were nothing else to proclaim the
enterprise of the busy people Of Clifton Forge
the presence alone here of the Valley Viz
ginian would herald it abroad. After the
erection OF q handsome twO-stOry building
the company decided upon the purchase Of
live newspaper and the selection OF a talent
ed editor 10 preside over Its destlnles.
The Valley Virginian. then published at
Stanton. Afforded q happy combination OF
both the things they required. Correspond
ence was begun. and now from rs neW.home
at Clifton Forge. but still with Its able editor,
>.
has so efficiently conducted It, the paper
comes out weekly, creditably recording the
happenings of this section and splenddly re-
counting the glorious progress and develop
ment of its new home. go
The new Office is thoroughly equipped with
presses and type, and, in fact. Is model OF
flee of its kind. The company does good
business in job work OF all kinds. and IS IN
fOurishing condition. The postOihce Will also
! be located IN this building within a few weeks.
The presence of this paper here and the adj
| dition of this plant is largely due to the
| Clifton Forge Company, and particularly to
| the individual efforts Of Captain Lewis Har-
! man. who conceived the idea and IaDored Tor
! its cOnsummatiOn.
MAJOR BAGDY's HOTEL.
An attractive and conveniently arranged
/ hotel is now about completed and viii shortly
/ be thrown open to the public. Major b. L.
Bagby. of Stanton, is the owner, and he IS
/ sparing no expense 10 make this hosiery one
| OF the beat in this section.
The building will contain about fifty rooms
| and will be supplied with all of the modern
/ conveniencics. The location of this house Is
! splendid. and it will doubtless take its place
! quickly in the front ranks of popular resorts.
INCREASE OF POPULATION.
/ Few if any. of the towns in Virginia have
! increased in population in larger percentage
! than Clifton Forge within tho past year.
| glance nj the magnitude DI lne dDONc-uioil-
! toned industries will suffice TO show how
/ and necessarily. to what q large extent thus
| population will increase during the coming
/ half year.
Each factory and plant must have its quota
! of skilled mechanics and its corps Of labOrers;
each industrial pursuit demands help, and
while new houses are now going up rapidly
/ the facilities will have 10 be largely increased
TO meet a demand which will evidently be
/ made
President ingalls, of the Chesapeake and
! Ohio railroad, during a recent visit when IN
/ formed that 3 600 inhabitants were now here.
| Significantly remarked that there should be
| $4,000 When the number of men absolutely
/ required 10 assist in the conduct of the
various enterprises is considered, and fair
estimate made of their families. it will be
noticed that possibly not in the very distant
| flture this number will be attained.
PLACE OF RESIDENCE
Asa splendid place Of residence this city
has its multiplied charms and IS without a
material disadvantage.
It's climate is all that could be desired. the
summer season is tempered by the salubrious
mountain breezes, and its geographical loca-
! ton precludes the possibility OF unwonted
winter severity.
From its neighbOring mountain streams
an abundant supply of the purest water IS OBJ
&c. l..,.t tod q Gr1f fer 4