The times. [volume] (Richmond, Va.) 1890-1903, 1891-06-18
FINE SOUTHSIDE FARMS
offered for Sale By the FarmYille Coal and
Iron Company.
VERY VALUABLE MINERAL PROPERTIES.
The Sales to lie on the Most Liberal Terms.
Easy Access to Market-Adyantages
of the Investment.

FARMv11LE, Va, June 17.-tSpecial. THE
remarkable interest recently created through
| out the banking and investment circles of the
| North and East by the magnitude Of the coal
and mineral discoveries in Southside Virginia
remains undated. and the announcement
having been made that the Farmyille Coal
and Iron Company. which now controls the
! largest and most promising holdings would
dispose at public sale Of limited portion Of
their dwelling and manufacturing sites and
also Of about twenty farms, the excitement IS
revived, and large class of investors will
attend the sale Of July lst. I'd, and ID at tho
city of Farmyille.
In addition TO those who will attend the
| sale from other points. it IA expected that
| there will be quite large party from Baltl-
more who will take the delightful trip 70 Nor
| ok by steamer and thence over the great
! Norfolk and Western 20 tarmYule. Inc
three railroads that reach that point Will carry
| eXcursiOnists on these days az reduced rates.
| and the Coal and Iron Company and thepeoPle
| of Farmyille have arranged TO entertain Dig
| crowd.
STEEL MANUFACTURING.
The Coal and Iron Company have secured
| the right and control of the COnley process
| of making steel direct from the ores, and a
| large plant will be erected ~ soon az practl-
cable 10 advance this great industry one
| half OF tho stock for this plant has been
| placed in New York, and the balance viii be
retained by the company and added TO the
! list Of their valuable holdings
BROWN HEMATITE ORES.
These ores are IN regular stratlied seams,
| AID are from sixteen 10 twenty feet thick
! having clear and well-delned walls They
/ dip also, at An ANGLE o. about t0rtY-nye de-
! grees. The plainly discernlUle surface midi
cations Of this vein extend Tor over mile and
| half across the property, and oilers III TINS
| from most of the brown hematlte ores. which
are usually found IN pockets or tentlcular-
! shape masses. surrounded by clay cuurt
and other impurities, which have TO be re-
moved by washing.
TINS VEN. with its walls. forms the back
| bone Of an extended ridge, aud Is most favor
| ably situated for mining. A very large body
| of it can be won by stripping, slopes can be
driven with the dip on the vein, AID at the
! base Of the hill covering the hanging wall n
tunnel OF very moderate length would cut the
| VEIN from l,j0O 10 LOO 1eet from the out
crop.
| ANALYSIS or BROWN uEMATTE.
silica. ....-.... .....-..........lo per CENT
Metallic lron...................o Z.OO
! Phosphorus. ........ ....-.....-. O.iJ
This analysis displays the presence Of
metallic ore IN q high degree. and with lis
! favorable location for mining and the assured
| presence OF such quantities makes tins hold
| in one of the very best OF which the COM
| pany Is possessed.
This vein has been cut in acknowledgement
| sections, and shows thickness II twenty feet.
! hese wonderful ron ores are exciting much
| comment b. Northern men. and are without
doubt the most extensive of anything known
| IN the South.
GRAY sPEcULAR ORES.
This vein Of specular ore runs in a south
easterly direction and has been traced one
| and half miles across the cOmpanys prop
erty. II has wel-detined hanging and foot
walls and the VEN was found 10 ayerage about
| eight feet in thickness. dipping at an angle OF
| about fOrty-hve degrees with the horizon.
| The ore has been exposed IN numerous places
| by the prospectors and the quality materially
| improves with its depth
ANALYSIS GRAY sPEoULAR ORE.
Per Cent.
| Silica. observation-disclosures o.9a
Metallic iron. Observation-Disclosures. bb.2o
| Phosphorus. ...................... O.li
This ANALYSIS showed the ore 10 be very high
| in metallic iron, and was low enough III
| phosphorus T. entltle 1t 70 be classed among
! the Bessemer ores.
Developments in this vein have been re-
warded by It splendid exhibit Of one mass OF
| beautiful, bright metal.
COAL.
These mines. some of which are now in
| operation are producing magnificent results.
Much Of it has been tested and found 10 pos
sess excellent cooking qualities, being remark
| ably tree from sulphur and carrying low
percentage OF ash.
All of the pits are working ont splendidly,
the quality of the coal remaining of the same
| high grade and the veins growing rapidly IN
thickness Entries are being driven as rap
| idly rs possible and preparations are being
made Tor the fall trade.
ADVANTAGEOUS MARKETS.
The splendid railroad facilities and low
rates of freight give an outlet for these ores
and coal TO all the principal markets Of the
East; great inquiry IS now being made 10y
! Northern mill men, and enormous shipments
will attend the full opening up OF them all.
THE coNPANYs STOCK.
All of the present issue OF the stock was
promptly disposed of and is now at a pre-
MUM. All of the stock will be accepted at %
per cent premium-that IS. at SIPS per share
| in payment for any Of the lots or farms pur-
chased.
Only portion Of the lots and farms of the
! company are offered for sale, so the intention
of the management is simply to enlist a
greater number of people in the advance
ment Of these valuable properties, and this
sale is only preliminary to great sale TO be
held in the fall.
The prices Of the lots will be exceedingly
low and the terms offered are Of the most
liberal character.
THE LOTS AND FARMS.
The lots of the company. aud a portion Of
! which will be offered at the sale on July LIST.
I'd and sd, are of superior character They
are mostly on the beautiful plateau which,
beginning on the banks Of the Little Buffalo
river, extend within the corporate limits Of
Farmville. The avenues are wide the natural
| drainage excellent and for dwelling and man
ufacturing sites it has no superior and but
few equal locations in SOuthside Virginia
The farms consist Of fifty acres each. are
splenddly adapted 10 the raising ef grasses
and grains, and are nearly all particularly
adapted TO the cultivation of excellent to-
| bacco. They are mostly well watered and
are generally timbered.
The sale. owing 20 the superior advantages
offered. both in the excellence OF the property
offered and the hberalty OF the terms an
nounced, when taken into consideration with
the extremely valuable holdings Of the com
pany. Will be a great and successful event,
and July lst. I'd and Sd will mark new era
in Farmyille and Southside Virginia