The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-07-09
Allegheny Mining and Development
COMPANY


on Friday last, concluded contract with
E. j. Bird, Jr., of Ironton, Ohio, for
the erection on their property at Low
Moor, Va, of Muck Bar Mill and Nail
Factory, to employ $50 hands, and to cost
$l25000. Work will commence on the
foundation at once, under the supervi-
sion Of Capt, H. Brown, recently Mana>
ger of Victoria Furnace, and at present
experimenting the erection OF the Stove
plant at Clifton Forge. Mr.. Bird is also
largely interested at Covington, being
engaged in building a Furnace and Roll
ing Mill at that point. He has been in
the iron business all his life, as were his
father and grandfather before him.
The erection of this plant will necessi-
tate the building of from 100 to 200 resi-
dences as soon as practicable and cotein-
poraneous with the construction of the
industry branch road will be con-
structed to connect the plant with the
/ C. & O. railway, and an iron bridge will
be placed over jackson river to con-
meet the ssLayne" tract of III acres, re-
Gently purchased by the A. NJ. & ID. Com
pany, and the "Karnesn farm, constitu-
ting one of the most attractive and
available locations for substantial, in
| dustrial town in the State.
Immediately contiguous to the Low
Moor Furnace property, where the pay
roll amounts to $4,000 or 100000 per
| Il mi h cl, Of icta nf
the immense Shops of the C. s. o. Com
pany at Clifton Forge; but a short dis
lance from the Rich Patch mines, where
there will be 800 hands at work before the
close of the year, and surrounded on all
sides by the richest mineral deposits in
the country, with industries spring
ing up from Iron Gate and Clifton Forge
to Covington, there is no place that
promises so well for lot owners and in
vestors as Low Moor, and the property
of the Allegheny Mining and Investment
Company 1t is an ideal spot for a town.
Jackson river flows through the entire
property. Several valuable mineral and
other springs furnish the best of water
Hotel is in process of construction, and
will be completed during the month oi
August, and work is progressing for the
development of the iron ore that is
known to exist on the lands of this Com
pany Altogether, indeed there are ad
vantages offered there unsurpassed III
the State, and it will not be long before
they will be appreciated by the enterpri
sing business people, who may become &C
quainted with them.
The Company has not been in a hurry
to boom it's holdings. 1t has gone along
quietly and steadily but surely, notwith
standing complaints and criticisms
knowing the policy that the Management
preferred to adopt, in the end would bt
to the interests of the Stockholders anf
all who are interested. The start ha
been made and the work will now go for
ward
1t was through the agency of Messrs
w. C. Hamilton and j. W. c. Bryant
real estate agents of Clifton Forge, thai
these negotiations were brought about
They have managed their part of the
! deal with prudence, good Judgment anc
liberality, and are entitled to much of thf
credit due for securing this valuable in
dustry to this district, and upon the
lands of the Allegheny Mining and De
velopment Company.
Referring to the meeting of the Board
of Directors, which took place In Alex
andria, to accommodate several of the
members who could not leave their
business at the time, to attend meeting
at Low Moor the Gazette of the 9Th
says:
ut is understood that the Allegheny Mining
and Development Company, in which MANY
Alexandrians are interested, and whose board
of directors was in session in and near this city
for two days last week have concluded az
rangement whereby the Company has secured
an industrial plant to be located on their prop
erty OF a character and value that assure the
success of the Low Moor enterprise and will I'M
doubtedly enhance the value of its capital stock
and create demand for its lots. The plant
contracted for will employ $50 men, two thirds
OF whom will be skilled laborers, and means a
population of at least 900 persons to start with
The works to be erected are new and modern
in all particulars and arrangements are being
made for the erection of 100 houses upon the
property of the Company for the purpose of
! accommodating the population. The plant
is to be completed and put into operation with
inten months, and it is guaranteed that it will
| produce 5000 kegs of nails per week, cut and
WIRE and 30 tons of muck bar per day, together
| with other products incident to such plant
Everybody familiar with the works to be erect
4 tI,oft CHI ha
ulated upon their acquisition. as it was obtained
not by the payment of an enormous bonus, but
upon business principles entirely, and because
/ the proximity of the Company's property to the
| well known Low Moor furnace, with the facilis
ties for obtaining cheaper and better iron,
freight and material at that point, thereby en-
surfing the certainty of profit. induced the
| owners of the plant as now located, to seek Low
| Moor a future base Of operations The Com
pany has proceeded cautiously in this matter
and has not permitted itself to commit the
errors common nowadays of acquiring at a
high figure worn out or obsolete plant merely
/ for the purpose Of an advertisement, and with
out regard to the question whether it would be
or could lie run at profit after completion.
| The Company has elso entered into contracts
for the construction OF the necessary side tracks
and switches to connect these works and others
| to be secured, with the c. & o. r. r., and for a
bridge over the Jackson river uniting the Layne
and Karnes properties The hotel at Low Moor
will be completed on the first of August, and
several of the lot owners now erecting
! buildings for residence and business purposes -
GLADYS " Hotel
This beautiful and delightfully."- located
building. is now receiving the finishing
touches, and in a few weeks will be for
mally opened to the public. The furni-
ture, modern in design and beautiful in
pattern and finish, has been received,
and most of it placed in the rooms. The
Bridal chamber is in complete order. and
just such a cosy place as loves young
dream would delight to rest in. We have
| no dOuht that Mr. Rarrow the genial