The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-10-09

Gap Improvement ." rl,.ncix, AZ
1s,r. radly Needed
r.. n, rattsr Of The Post: d.
s;ncc INV interview With YOU some 0"ss
.cg in regard to the pia" s"ss yes. S,a 'oe
ne payment OF debts due tie D's s'o.s :.
-. ,moroycmcnt Company for properly
0 .. Pr s,one Cap, l have talked with sew :,
~s.I of tic members of Tie company az
.ho,o EXPRESS willingness to maze
- Mind Of an arrangement. to ADJUST
I'm ebfcdncs> referred land the 0"''
,.,l .cnarcntly, is to nov get The mat
Ter in proper shape, and get f's1' 10" i -
IN nv interview with YOU l explained
49,, ,dmiral,ly ard satisfactorily the pla"
%.5 worked in receiving stock by the Ia
ann, Improvement Company in settlement
of deferred payments on property. ms
~. or something after lis nature, / sus-
n..,e5 .. one to be adopted by the Big
Stone (,aa improvement Company.
,oer .,nd,ins The question well, and
,;o,;nq il from its different siandpolnts,
:, onocnrs to noe HAT the ?rcSc"' time is a
very critical rcriod in the history OF Big
stone Gap
ia state that here We have one OF The
mas, favored and desirable points for the
unbnildiu. of prosperous, li1e, aud sub
s,,n,jal manufacturing city, is bHt reiter-
.,ino statement ;hat is accepted and
acknowledged Nv every one acquainted
with the situation; bat jnst at the pres
cut lime the question That conironts us
and star4s almost every enc in the face
who is interested in Big stone Gap, is:
GLOW are VIC to meet cur present indebt-
educss?
1t appears to me that this is 4 question
not ony to he considered h. purchasers
Of property at this place, but is one that
ought 10 be Thoroughly Investigated and
considered hy The Improvement Company.
let W., along with the Improvement
COMPANY. compare the situation OF to-day
with that Of say, eighteen months or t"o
years ago Two wear, ago the hnahcia'
condition Of the country Was better ihan
il had been tor years; money was easy
and the peonle. not only Of cur immediate
section OF country, but ] might say the
ucopic Of the entire South. were in easier
circumstances than they had ever hccn
before and each and every one looked
forward to the rapid growth and develop
menl Of this favored section in natural
resources The people showed their faith
by their works ThYy realized then. as
We all oto-day. that We have here in this
immediate portion Of the southwest, the
richest aud greatest undevelopcd territory
in minerals in Tic United States. They
demonstrated their faith and convictions
in this respect lbs investing their money
many Of them to the very last dol!ar-in
property here al Big Stone Gap. Nov.
tho si.uaiio: i; Iate different, tr0m a
financial standpoint, and The purchasers
Of property are not to blame. Since the
time referred 10 above. lnoney ma!tcrS-
not only at Big Store Gan, hut in all sec
tons OF the United Statcs-harc, day BIZ
day, grown closer and closer, and although
We dislike to admit it, >!i! something
Smacking very strongly of money panic
has been affecting d., and to-day we sec
live, pushing. energetic men, who eighteen
months ago counted their ready cash by
The thousands, striving hard to meet OBJ
legations which ;het took upon themselves
at that Iimc. not solely for the purpose CT
peitcsms tacl own financial condition,
hli also a.ti! tie ;:ra OF assisting in
builihs up err town and developing CTR
count,f
Had crerg;hia. moved as indicated at
That time, We, As people, would have
been III easy circumstances. but quite
number OF obstacles have been thrown in
our way, owing TO which our hopes and
nnllcipallous have not been realized as
4 early as We expected
believe that ii sufficient weight can he
! brought to bear on the houdholdcrs and
members OF the Improvement Company,
lNey VIII take this matter in baud and ar
range somc means 10y which deferred paw
meals Oh property can hc made without
,'Nihr The fatal aud disastrous step Of
bringing sn' ard attempting to force
3 f7Wnen', by course Of law
Ah'n' eighteen mo!tl,snso, j. will he
q tfa"%hPycn' tie improvement Company
q Psc'f e' ihf marboi Plat No. 3, Of Big
N''"e Gap. lust at that time the real es-
'a'c excitement was q; "fcycr heat" and
s ever one was What might be termed
VIA on the subject. The Comnany
p'N''i"''od and spread before the public
,''S "'"l, VITA many premises for The fr-
'uf'. he map represented Railroad ave
81 ""c ''0 'ee' wide, viii, two lines Of rail
s. SNo" u 0n samc, @h,c the statement
g "'' I''ue ana the impression created that
a ""'v" 'cpo' OF the s. A. & O. and the
- y railroads would he erected on or
Al ,''5' ''',N Fiai bt the tine the COMPANY
y N"0 a a'a' OF this ground completed. quite
"Ni"her OF investors had cathornd IN
q C No ""0 waited Tor tie day of sale. The
B o''f"'' 0"d Inc price OF each lot marked
g -" '"' MAPS That were distributed. The
81 ''l's nNed on these lots were fully MS
s. ,, TN - ''a property and the surroundings
81 ~, ,' ! aud Of course represented
y ,l"n, t' ''' COMPANY actually considered
y ,",'" 20 he worth, aGd what il was willinr
& 80 .'Ne Tor them, But, on seeing the laroe
q "u'"ber Of Investors who woro -" wo;t;s 80
,hn ,., NE I'c' '.at the general public had
"a ,"t 49, confidence in the statements
"a r,aA i,' LA" AZ 70 The improvements ia be
81 e., ~ inc Improvement ComDopy. fine
So ''"eN Tic leading members ~ tLo