The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-09-25

Three suits were brought in the Chan.
Gerry Court Of Louisville. Kentucky, against
the Fayettc Land Company of this city
The plaintiffs are 6. V. Murray, Jr., j. S
Coleman, and j. R. Davis, Of Louisville
The plaintiffs bought lots at the sale held
by the Fayette Land Company in June,
1890, and they sue to recover the cash
payment made on said lots, and for the
return of the notes executed for the de
ferred payments.
The plaintiffs aiiege that tie Faycste
Land Company pretended to e the owner
of certain land and that they bought
from it on or about May so. 1890, certain
lots said to be in the city Of Big Stone Gap.
One third of the purchase price VAS Paid
in cash, and for the deferred payments
notes were executed.
The plaintiffs state that The land compa
wv bought this property from the Louis
willie and Nashville Railroad Company,
which latter company, it is alleged, has.
in violation OF its charter privileges. rmr
chased a large area of land in Virginn
for speculative purposes. When the land
company bought the tract, the petitions
allcge, they divided it Up and laid it of
in streets and alleys and sub-divided the
land into lots, calling it the "lfavctre
Land Compay's subdivision %! the city OF
Big Stone Gap" and after advertising sold
these lots at public auction OH May 80
1890
THEY LOCKED AHEAD.
The plaintiffs 90 on to state 'iai at the
sale Of lots the Faycttc Land Company
represented that the Louisville K Nash
Vile railroad would build fine depot 10
cost not less than $4,000, w;th;il a short
distance of lie lots purchased by tbein
aud that TIE location Of the proposed de-
pot was pointed out to plaintiffs and other
prospective purchasers BY the defendant
before the sale, and at the time thereof
which depot TIE defendant guaranteed
would &c built by September i, 'r,hi.
The plaintiffs further say that the local
tion of the proposed depot. rs pointed out
and represented l'y the land company,
was in what was called the cld portion Ct
the town of Big Stone Gap, and the old
town was separated from what WAS de-
signed as the "Subdivision " hy con-
siderable stream of water, which the de-
PENDANT, as an induccmcut for plaintiffs
TO bug, promised to span wills two fine
and substantial iron bridges" within
thirty Gays. hua connecting lie subdi-
viaion With the old portiol OF the town
where The railroad and depot were 10 be
located
It is claimed that the defendants, as n
further inducalnani, agrccd AID promised
to grade and macaoamiZc Inc N..tioEs
streets of the subdivision. hN: ;": L.
spite all these promises, il has refused to
comply With any part Of It's agreement,
and :'no depo has been erected, no bridges
have been built, and n5 streets have been
macadamized or graded"
The plaintiff in each rasc wants his
cash payment refunded, aud the notes,
which are said to be held in trust by the
Mechanics Trust Company, cancelled and
surrendered The aggregate amount in
volved in The suits IS about $G,G9n,
The property Of The Fayctie Laud Galn-
pany lays some distance froA. si.n centre
of the town, and the people Of Big Stonc
Gap generally condemned lhc policy Of
the company in the wild statements made
by it. HE speculation in this property
has been carried On almost entirely hy
outside parties, and scarcely any one here
was caught by the gltteiing promises
hold stock in the company, have from the
first been strongly opposed to the manage
ment and the policy pursued by it.