The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-03-05
Allegheny Mining and Development

For the past three months the very IN
clement season made it unadvisable.
from business standpoint, for any work
to be prosecuted, as it would have cost
twice or thrice as much as it would with
favorable weather. 1t would have been
waste of time and money to have at
tempted to do anything, either in plac-
ing plants or erecting buildings, since
the first of December. The manage
ment, therefore, wisely concluded oawait
more suspicious conditions before they
commence operations. There has been
some work done in exposing the iron ore
on the property, but that had to be very
limited as inclement weather and short
DAYS were unfavorable for full returns
in labor for a days pay Notwithstand
ing this. about II feet of ore have been
exposed. and shafting is going on to de-
termine 'it approximate extent OF the
vein, with a view TO more extensive
plans in working it.
Bids have been invited for a hotel Of
modern design and ample capacity for
the demands of the ioeaiits-. 1t is the
purpose to commence this building at
once.
A number of residence and business
houses have been contracted for and
negotiations for others progressing. J.T.
Cribbns will erect handsome residence
and store house. w. +. Suninerson will
build neat and commodious dwelling
A half dozen other lot holders will build
as soon as lumber can be secured and
workImen engaged With this kind OF IA
start. active operations will commence
as soon as the season will permit.
The manager, Capt. II. Shepherd. has
been utilizing Che time during part OF
the bad weather in visiting localities in
other States to examine plants and con-
suit with their owners with a view to
making arrangements "a GET them to
remove TO t b; property OF the company.
Just row, it is almost Impossible to Sc
cure favorable responses from desirable
industries, except upon a bonus equal
to the cost of the plant. They want the
whole earth and things under the earth
thrown ia. II this respect there has
been bad business Judgment with some
of our Improvement companies. The
true policy of cur people, and especially
of such organizations az ihe improve
ment companies of this section, Is 70
manifest little self-reliance, and not
all the time be looking abroad for assist
auce. Industries will not move to Viz
einia or the South froIaa the East or the
West if they are p prosperous, uniess tllay
IRE fully compensated for their plant,
| the loss of time in moving, and that
arising from a change. The bonus many
of them require for secondhand plant
would build a new plant OF equal capac-
ity. and it would be economy for the
companies to proceed upon the policy
of employing competent men to erect
an entirely new plant. and then make
liberal conditions with parties conpe-
tent to run it 1t would, indeed be cheap
er for company to put up an industry
new from the ground and give it away,
than to give such a bonus as is generally
asked for secondhand machinery to be
removed from It's present legation in
other States
1t will be the aim of the Allegheny
Mining and Development Company to
put Oh its property. located Oh the res
ervation on the river which courses
through its lands, three or four moderate
sized plants, related to iron making, as
early as practicable. If suitable indus
tries cannot be gotten from other locall-
ties on reasonable terms, the policy will
| be, in Justice TO the stockholders in the
| Allegheny Mining and Development
| Company. to inaugurate a movement to
erect them. We are decidedly of the
opinion that this latter course would be
| the better in every respect-better for
! the stockholders and better for those
directly interested in the Industries
| Our people should show some eelfreli-
| ance, and when this is manifested in a
practical way, 1t viii not be long before
business and expert talent will seek as
ISOLATION, instead of being begged and
paid to come. There is no locality in
! the entire South, or the whole country
| for that matter, better adapted for in
dustrial plants than that Of the Allie
ghany Mining and Development Com
pany. 1t is in the centre of the richest
iron ore district On the continent. 1t is
in the midst of three or four furnaces
successfully operated for years. and
turning out the best of pig IRON Their
abundant water power; beautiful loca-
ton; great railroad passing through
| it, and development and improvement
going on all around, present advantages
unsurpassed in any other part of the
| South.
We have the utmost faith in the final
outcome Of the Allegheny Mining and
Development Company. If the stock
holders will do their part, the manage
ment will do it's part, and by each fully
meeting the obligations which exist, not
only beautiful, but a prosperous and
| progressive town will be built up. There
are always grumblers, it matters not
what the enterprise or what the plans
| that may be in hand. That is expected
1t is human nature-the peryerse side
of it, But at the same time there are
! always reasonable, intelligent Een asso-
ciated with & project such as this. who
do not expect city to be built up in a
day or month or a year They know
it requires time and means to make such
undertakings successful. and that sucsess
cannot be achieved without both. If
stockholders hold back, the management
can not go ahead. There must be co ope
ration, and each must do his duty. This
rule or suggestion applies to all inn
provement companies, for all of them
have the same obligations to meet and
the same kind of obstructionists to en-
counter.
The Allegheny Mining and Develop
ment Company is in healthy and safe
condition. 1t wisely determined not to
spend money for work when not more
than half work for full pay could be
done As the spring approaches, it is
shaping it's plans for active operations,
and in a few weeks it is expected practical
movements will be made to improve the
property and promote the Interests Of