The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-04-09
The Great Iron Centre.

PATCH DISTRICT-THE FORMATION OF |
A STRONG IMPROVEMENT COMPANY. 1
Every week reveals some new move
ment or project for the development of
the mineral wealth of Virginia and West
Virginia, with its centre in Allegheny
county and within the limits of the Rich
Patch District.
The last and one of the largest and
most important of the schemes inau-
gurated is under the name of the Ores
mont Iron and Coal Company, with
the mouth of Potts Creek as the loca>
ton of its site. This company is COM
posed of the following gentlemen:
Charles d. Fenhagen, President and
Director, Baltimore, Nd, member of
the 'sGambril Export Co.
David B. Taylor. Viee>President, Gen
eral Manager and Director, head o. he
firm of D. B. Taylor s. Co., manufactu-
rers and wholesale dealers in stoves.
tinware, &c, Baltimore, Nd.
Gny Cochran, Secretary and Treasu>
rer. II nton, Va.
Directors-James L. Gilbert, of James
l.. Gilbert & Bros, lumber dealers, Bal>
timore, Nd; Robert N. Wilson, of
Wilson, Palmer & Co., wholesale gro
GERS, Baltimore, Md; James G. Git
tings, of James G. Cuttings & Co., i'm
porters and dealers in cabinet hardware,
Sc: Frank Z. Davis, architect and
builder, Baltimore, Md; Judge A. b.
Fleming, Governor of West Virginia,
Charleston, w. Va: ]. n. Buck, OF
Buck, Edwards & Chew, real estate
and insurance, New York; Judge Sam'l
r. Witt, Judge of City Court, Richmond,
| Va; James ]. Barton, lawyer, New
York, N. Y; H. W. Hilleary. late of Hill
leary & Keith, brokers, Admission, Ala;
J. F. Jones. Marshall Va; j. c. King,
General Manager Clifton Forge Bank
| in.;; and Construction Company, Clifton
Forge, Va; H. H. Spindle. Of Rosenber>
ger. Spindle Il Co., bankers, Warren-
ton. Va.
The company has purchased for $751;
600 the PAYNE farm at the mouth of
Potts Creek, containing l,s46 acres, the
improvements and acres having been
reserved, on which the cash payment
| has been made and bonds executed for
deferred instaiments, Mrs. s. A. Payne
Mrs W. K. Skeen, Mrs. q. &. Gooch,
and Miss Virginia Payne being the ben
eficiaries in the sale. Also 1,3S4 acres OF
New River coking coal, and 1900 acres
of iron land lying between Rich Patch
Iron Company's lands, 9,245 acres, and
! the lands of the Camden Snyder syndi,
cate, 50, 900 acres. The Payne lands will
be laid off into lots for town and sold
with the stock of the company. The
capital stock of the Fremont Iron
and Coal Company is to be $1,OO0,000
AS soon as the literature relating to and
| the forms necessary for subscription are
/ gotten out, tie stock will be placed on
| the market,
The advantages of the Orenont
Iron and Coal Company are maEy and
obvious In the first place, it is a strong
| company of business men, embracing
some of the most substantial and sue
cessful business men of Baltimore and
several of New York. The secretary
and treasurer, Mr.. Guy Cochran, is
young man OF very high character, and
enjoys the confidence of this community,
where he was born aud raised, in an EN-
inent degree.
In the second place, the location of
the proposed improvement, is at con
venient point to concentrate coal and
| iron. 1t is in the great Rich Patch
District, probably the richest iron ore
region in the United States. 1t will be
accommodated by the railroad from Gov
ington up Potts Greek, which the Cam
den sydicate that recently purchased
| 10000 acres, have stated will be fpoH>
4 structed this summer With THAT road
completed and the Warm Springs road
now under contract and being built,
projected to connect with the Camden
system now working its way southwark
for an outlet at Covington, direct cons
nection will be given to Pittsbnrg and
with the East and West by the Chesa
peake and Ohio road.
The purpose of the Fremont Coal
and Iron Company is to make their prop
erty an industrial point, more particn-
| larly for the manufacture OF iron. They
1 have the iron ore and coal and the
coking ovens to make their own coke
Already have negotiations been institn-
ted for the purpose for securing
number of large industries, apd as
soon as the company gets fairly on lis
feet, the purpose of its organization viii
| he energetically prosecuted
| The Fremont Iron and Coal Com
pany is to be another factor in the de
velopment of that marvelously rich
mineral district. With the capital and
enterprise represented in this company:
in the Covington Improvement Compas
| ny; in the Low Moor Furnaces; ihs ALE
ghany Mining and Development Com
! pany; the shops aEd improvements at
Clifton Forge by the Chesapeake and
Ohio Company: the work OF the giles. and
Ohio Development Company; the Cliff
ton Forge Company; the Clifton Forge
Development Company; Iron Gate, Glen
Wilton, Bessemer, Longdaie, and the
great Deqthatt survey. there is a COM
bination of ipfAaaees and forces which
cannot fail to be felt ip ting Building up
of one of the post prosperous, progress
sive and wealthy industrial districts in
the Union. Each one of the enterprises
named will contribute to the success Of !
the other, and all constitute iii indus
trial power without a parallel in the
South.
----ss s---
GOrdonsviia2.
In an interview " it'll Gen Nj. 6. Ing
alls, president of the Chesapeake & Ohio
Railroad, q representative of the State
reports him as saving of Gordonsvile:
''Gordonsville is making sass2HIaa progress
and is going to be one of tins beat points
on our line. The Chesapeake and Ohio
will do it's part in looking out for the
interests of Gordonsvile. You know it