The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-03-06
COME TO THE GAP.
If There IL Anything In This Project Hero
Is the Place for 1t and Its Projectors
Should Know 1t.
Especial to Knoxville Jourual.)

(Sncclul 10 hnOHTllc JOuTuo'.J
AsnEvrLLE, n. c., March t.-The great.
est town building scheme Of modern times
will I've made public in a few days. that is
Just as soon as site can be determined
upon According to the plans it will re-
quirc deal of land upon which to locate
this coming wonder among tho cities O.!
the new world
Several months ago Congressman But
tcrwortl, of Ohio, and others Of philan-
thropical turn of mind conceived the idea
Of building city on tho cooperative
plan, every resident to be q lot-holder
with lot each for as many people as
might desire to come. The city was to be
built in tho South. The originators of
the scheme were not long in having Sir
George NJ. Pullman, who has done SO much
to solve the social problem in the building
of the city of Pullman, Phillip D. Armour,
the Chicago meat king, and others of
equal fame and financial standing, to take
an interest i'll the plans.
Under their charter the company has
tho right to purchase, hold and develop,
as Il corporation, coal mines, iron mines,
gold mines, silver mines, marble quarries,
timber lands; to acquire lands for town
site: to plat and dispose of the same to in
diyiduals, with right to loan money on
the same for the purpose of making i'm
proyements, to assist new railroad enter
prses by taking stock or by subsidies; to
take stock in or otherwise aid manufac-
turing concerns; to build, own and oper-
ate electric railways, horse car lines,
dummy lines, tramways, electric light and
power plant water works and gas works.
This charter is quite comprehensive and
Edward Bellamy is advised to take stock
in it and so is Henry George and Professor
Andrews. Herr Most is not wanted.
The capital stock is to be $4,000, 900
divided in shares OF 500 each, and no
one stockhodor will be allowed to control
over 100 shares and there must be at least
two thousand acres Of land to DO SUBJ
divided into lots 50xl50 feet, with avenues
one hundred feet wide and cross streets
Of not less than fifty feet wide. SO many
lots will be set apart for business pur-
poses; 40 many acres for factory and mill
sites and so many acres for parks and
public squares.
Each shareholder will be allowed to
select two lots, upon one ofwhicll he must
erect il house. If unable to build with
oct borrowing tho company will loan him
the money on easy terms for ten years,
taking mortgage OH the same Each
shareholder will be y proport;onate share
holder in all enterprises backed by the
cooperative town company. The COM
pany will give bond to build and control
perpetnally, water works, gas works, cleo
trio light plant, telephone system and all
links Of transportation. One ofthc pref
test features will be the absence of poles
on the avenues and streets All wires, no
matter for what purpose, will DO carried
through the alleyways and later on placed
under ground. There will also be a free
public library anda opera house.
1t is said that agents of the company
have secured all the coal and iron lands
needed for the development of the scheme.
The only hitch is in the purchase of a
town site. That will not be long delayed
however, according to the latest reports
and then the prospectus of the company
will appear simultaneously in the New
York, Boston, Philadelphia, Washington
and Chicago papers.