The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-09-10

were negotiating for the sale OF their
plant III Stanton to q company in the
South, which contemplated the removal
of the entire plant from Staunton.-
Since then, Mr.. Adams has sold his inter
est in the enterprise to his associates,
and the result viii be that the ears will
continue to run under the same manage
ment and with, enlarged facilities, look
ing TO its success. There is ample CAPT
tai and a willing disposition behind it
now. The lines will be extended to en-
courage suburban building, and in this
way add to the revenues of the compa-
ny If the proper enterprise is thrown
into the plant and little patience and
pluck manifested, it will prove paying
investment in the end.
Che Staunton Savings Bank, which
has Just closed its first half year OF ex-
istence. has declared semi-annual divi-
dend of 3 per cent. 1t has been graft
flying success from the start 1t COM
menced with electing safe and intelll-
gent officers--A. G. Gordon, President,
and G. c. Childs, Cashier, and inspired
the confidence Of the community at
once. Its first six months show a deposit
line of $4,000 in small amounts-at
time when surplus money was mostly
employed in lot speculation and real
estate booms As business settles down
to normal methods, the deposit line
will increase and the affairs of the bank
show much more gratifying results
Every community ought to have a Saw
ings Bank, and Clifton Forge especially,
where there is SO much money paid out
to railroad employees and mechanics
generally.
The Virginia Mining and Investment
Company, of which Captain N. d. Moore
is president, is moving right along with
it's mineral developments on the line of
the Shenandoah Valley Railroad. The
railroad track has been completed from
Stuart's Draft deposit to the Forror
mines, and about 800 tons of ore shipped
over it to Vesuvius. 1t is expected that
an average of so tons a day will be
mined and shipped from this mine The
grading has been nearly completed for
the track to the Mine Bank, about three
miles from the S. V. railway at Coto>
paxi, and track laying will soon com
mence. 1t is expected to have this road
ready for shipments by the 18th OF Octo.
| Der. A modern washer has been erected
at the mines, and a large commissary
| store, with rooms for offices, &C., built
near the washer. When everything is
in order for work, it is calculated that
500 tons will be mined daily. Captain
| N HILBERT is in chargs of the grading,
with full force of hands, assisted by
| Captain John Mckay, who is largely in
terested in the Company. This prom>
Uses to be very lucrative enterprise and
will pay those who inaugurated the en-
| terprse and have placed their confidence
and means in it. 1t will not only re-
munerate the projectors but wilt beBe-
fit that entire section, and the State
also.
Stapnton is fast filling up with girls
coming there to enter the several excel
lent female schools. which have such a
wide reputation for efficiency, and de
servedly so. The promise this year is
that they will be more literally patron
lied than in any previous year. These
schools, with the Military Academy TO,
boys, add greatly to the business OF
Staunton, as they are the means o.
bringing to the place $500, O00 to $4G0,o 0(
every year, which finds circulation
through ell business channels. They
also have an inspiring effect upon the
community and make it a center of at
traction for every part of the South
especially.