The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-05-28
Allegheny Mining and Development
Company


The Board Of Directors Of the Allegha-
ny Mining and Development Company
met in Clifton Forge on last Friday, the /
22d inst. Those present, JAS. l.. Bar |
bour, Washington City; Geo. A. Mush> |
back, Alexandria; w. Fl. Fowle, Roam I
axe; Jno. McQuaide, Stannton, and ).
NJ. Yost, Clifton Forge. Several matters /
of Importance relating to the CoInpany's |
interests were under consideration. 1t |
was determined to at once enter into
negotiations for one Or more industries
Several propositions were submitted to
the Board, considered and the Executive
Committee instructed to further investi-
gate one of them for large Rolling Mill
and Nail Factory, with a view to the
modification of the conditions offered,
and closing the contract as speedily as
practicable, If the terms could be agreed
upon.
After the morning session of the Board,
four of the members, includidg Mr.. Bar
bour, drove to the property, which is
located at Lowmoor, and includes the
Karnes farm and TT acres of eligibly
lying land adjoining, recently purchased
of the c. & o. Railway Company, to
look over their holdings. 1t was Mr..
Barbour's first visit to this section OF the
State, and his first attendance ON
Board meeting What he saw of the
property and its surroundings very
favorably impressed him, and he
manifested an enthusiastic interest IN
the entire plan and purpose OF improve
ment now about to be inaugurated.
Mr.. Barbour is one of the wealthiest and
most sagacious of Washington's business
men, and from brief talk with him, we
feel satisfied that it is his purpose to take
an active interest in the improvements
and developments that are going on and
those that are in contemplation, on the
Co,npany's property.
The report Of the financial condition
OF the Company was very satisfactory
to the Board, and the utmost confidence
was expressed by it's members in the
success of the scheme and remuneratiye
returns to the stockholders. d. St. George
Frazer, the engineer employed to plot
the ground, was before the board, with
the outlines of the work, and was in
| structed to complete it as soon as practi-
| cable, so that it may be placed on record,
| preparatory to giving deeds to lots to
stockholders who have fully paid up.
Negotiations are pending for an iron
bridge across Jackson river to connect
the properties of the Company, and ia
cilitate arrangements for placing plants.
:; There are from 70 to 80 acres of land on
either side of the river reserved for in
dustries, and more appropriate lands for
| that purpose could not well be found
The hotel is progressing satisfactorily,
and will be completed by August 1t
will contain so to 40 rooms, and when
| neatly furnished, will be convenient
and comfortable house of entertainment.
1t has not been the policy OF the Com
pany to make much noise or much ex
penditure for show. The aim is to
have all the improvements economical
and practical, SO that the stockholders
will feel satisfied that there has been no
waste or unnecessary outlay. Indeed,
we know of no improvement company
in the State that is in a better condition
or that has It's interests better in hand
or that is prepared to make a more cred
liable exhibit. Its policy has not been to
rush things" but to 60 slow and sure,
and to make no expenditures that are
not for the advantage of all interested.
The grounds have been neatly laid off,
streets graded, trees planted and en,
closed with white-washed boxes on the
principal avenues, and altogether the
property presents a very neat and at
! tractive appearance, which commands
! the admiration of all who have seen it.
The property adjoins the Low Fur
mace and is but a short distance from
the Rich Patch mines. AT these two
enterprises there are large numbers of
employees. and the payroll runs up into
the thousands each week. 1t is divide d
| from the great-Douthatt survey by jack
son River. This survey, very valuable
because of the iron ore it bears, may
soon pass into the hands of a wealthy
| English syndicate, and if it does it will
be for development, and development
would mean increased prosperity for all
this section, and no portion of it more
than the Allegheny Mining and DeVel-
opment property.
The extensive car shops and splendid
hotel of the c. & o. railway company are
but short distance from this property
on the east, and the G. u 0. Develop
ment Company contemplate establish>
ing industries even nearer to its limits.
On all sides it is surrounded by enormous
natural wealth and created industries,
and is SO centrally located to them as to
necessarily share the benefits of their
operation and prosperity.
The iron ore mines on the Allegheny
tested at once, and we have no doubt
that the exposures of ore already made
will be largely increased and thus be-
come one of the most valuable elements
of the property.
The property of the Allegheny Mining
anu DeFelOplueut OOIHI1tu is u CeuGFdl
link in the great mineral and industrial
district that will eventually unite Jack
son River Valley from Iron Gate and
Clifton Forge to Covington in one pros
gressive. prosperous and wealthy COM
munity, and be the scene of many in
dustries and manufacturing establish
ments, which will number their employ
ees by tie thousands.
Those interested in the Allegheny
Mining and Development Company need
have no apprehension as to the final out
come of the project. twill be a success,
if success attends any of the improve
ment schemes, and very decided sue
cess.
The Millennium.
Lieutenant G. A. L. Totten, of the o.
s. Army. and professor of military tao
tics at Yale University has been figuring