The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1891-03-27
INDUSTRIAL NOTES.

The l.. & n. railroad has at last reached the
depot grounds at Big Stone Gap. The whistle
Of the engine and even the clang Of the iron
rails may be heard within the city limits, as
the work Of laying the track progresses. The
freight depot grounds are extensive. They
will occupy over thirteen acres, and the COM
pany propose to construct on them fourteen
tracks. There will also be double track for
n considerable distance in both directions, and
the most expensive preparations are made to
meet the demands Of the heavy traffic that is
expected. The ties are very large and arc
laid only thirteen inches apart. The work is
in every rcpcct substantial and lasting; and
the road is an uncommon triumph of engi-
neering skill and labor. The balasting is pro-
crossing as rapidly as possible, and it is be-
lieved the line will be open for regular traffic
within sixty days.
The foundation for the new Crate and Mantel
factory would have been completed yesterday
but for the rain.
Superior magnetic ores have been recently
discovered in the counties of Albcrmarle, Nell
son and Fluranna, which experts declare will
yield 4 very high percentage of iron. The
vein is eight feet thick at the opening, and cx
tends over considerable area. company
has been organized and mining operations will
be commenced at once. The ore is immedi-
atcly on the line of the Richmond j. Allegheny
railroad.
Gen. Ayers told some gentlemen III Bristol
the other day, that he knew parties who had
raised 100000 which would at once be used
for the construction of cottages at Bristol.
Bristol is steadily improving. New build
ings appear in every direction and the town is
manifestly advancing in other respects. But
what is most needed, is good water and enough
of it. There is hardly sufficient supply for
the present population, and what is furnished
is not healthy. The authorities should at
once see to this important matter. 1t is only
aquestion of very short time when the exist
ing reservoirs will be inadequate, and an cpl
demic would probably prevail if anything like
drought should occur next summer. A calam-
itv of the kind would seriously retard the
city's forward movement. Such matters do
NJ fbo ioS
that their Importance demands, and Bristol
seems particularly slow to realize her neces-
sity. and her danger.
Judge Smith will have the C's road sold
during the first week in May, unless the claims
are satisfied previous to that date. 1t is likely
the company will raise money to meet their OBJ
legations and push forward the construction.
If sold, it will be bought by parties who will
complete the line at once.
1t is quite well settled that the E. T., V. G.
railroad will soon commence the construction
of it's proposed branch from Rodgerville to Big
Stone Gap. Already land company is be-
ginning to lay olflots at Moccasin Gap, through
which the line will run. 1t is understood En-
gineer Bell, has been engaged for this work.
An Engineer corps started from Bristol yes
terday to locate line that will overcome the
heavy grade over Walkers Mountain.
The exposition building now contains spcci-
mems of iron, stone, coking coal and various
woods Mr.. Fox is having neat fence con-
structed around The house and the grounds
will be ornamentcd with shrubbery.
Several handsome residences are now near
ly ready for occupation. A number of new
business buildings will be constructed during
the summer.
AS practical demonstration of the accumu-
lative value Of lands situated in a growing
city, and the claim justly made that the more
lots that are sold the more they are Gin value,
remaining, statement may be given Of the
Elyton Land Company, of Birmingham, Ala.
recently made by their President, Mr. II. M
Caldwell.
The Elyton Land Company was incorporated
in 1870, with cash capital Of 100000, which
was expended in land. The capital stock wa.
then fixed at 100000 In the year 1883,
dividend of $500, 900, or 1000 on the capita
stock was declared. Since that time dividends
have been paid as follows: