The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-04-24
SOUTHWEST VIRGINIA NOTES.

lows: Bonds outstanding, $500, 900;
preferred stock paying per cent.
Sl000,000; $4,000, 900 common stock at
80, SO, l50, 600; total value of securities,
S9350,000. If ons-half this amount,
S4675,o0o, is taken to represent the
Tennessee property, then, with an OPP
ton given at S2.5U0,000, the net profit
to the option holder will amount to
S9l75,000. The company has in Ten
nessee 126, 325 acres, while in Alabama
it only holds S1,99s acres. The COM
pany has made in net profits during the
past five years about $780, 900, which
has been used in betterments.
Mr.. Magill, proprietor OF the now
lvanhoe foundry, arrived in town last
Sunday. The new foundry is being rap
idly pushed to completion by Messrs.
Pierce Brothers. The company will
have another building erected about the
size of the present one, together with
Offices and houses.
The distillery of the Monticello Wine
Company and stable adjoining at
Charlottesville were burned to the
ground last Wednesday morning. All
the brandy and horses were gotten out
Of the buildings. The loss is consider
able. There is no insurance.
The Basic City Company has sold $50
lots in rear Of Hotel Brandon to three
Northern syndicates. These parties are
required to erect 100000 worth of
houses Tor residence purposes.
Hunters Alum Springs, near Pulaski,
have been sold to syndicate of ten,
headed by Capt. G.. L. Teaney, for $780,
900, It's said.
City Engineer Jacobsen las completed
the new map of Pulaski required by
law, and the city council has passed an
ordinance TO insurance the observance
of the authorized lines for all new
buildings that may be erected
1t is stated here that the Norfolk and
Western Railroad Company, have de-
termincd to put on two or three extra
material trains on the Shenandoah
Valley and to make Ruena Vista the
headquarters for the crews. This will
bring between 200 and 800 railroad men
there regularly.
The Arminius mine, at Mineral City,
Captain Bancroft, superintendent, is in
full blast and is freighting large num-
Der of cars to almost every point where
it's ores are used.
The addition to Maple Shade In, at
Pulaski, will be completed in five weeks,
giving this elegant hostelry eighty-four
sleeping apartments and other necessary
extensions. Among. the improvements
will be private dining room separated
from the dining hall by rich hangings.
pretty parlor will be arranged on the
first floor front in the addition.
The Norfolk and Western Company
are pushing the first twenty miles OF
grading on Major Walton's contract.
Ills will open up the line for several
coal operations, and will enable Colonel
Nichols and Mr.. Anderson, of the Vir-
GINA Lumber Company, to reach their
big timber territory in Mcdowell.
The sulphur mines at Mineral city
are now being worked to their full
capacity and large supply of sui
phurets are shipped daily.
Water pipes for tho new limo from
Main street to the lands of the Tazewell
Court House improvement Company has
been put on the ground, and tho water
connection will be made at once.
The Cash mines constitute but part
of the property on Irish creek, rega rded
as rich in tin. A company is now being
formed for the purpose of purchasing
and developing the lands owned there
by Col. Sanford, of Baltimore, and
others, and it appears probable that it
will be organized at an early day on a
large scale, and development be made
accordingly.
1t is &c nerallY understood that Gen
eral Lee was very successful in his re-
cent interview with President Kimball,
OF the Norfolk and Western railroad.
Arrangements have been about consum-
mated by which that company will build
line of track from its bridge crossing
James river to a point on the Glenwood
property, at Glasgow. to connect with
the road in Arnolds Valley, the work to
be commenced at once, as soon as the
question of the right of way is SETTLE d. .
The company will also proceed at once
to erect a handsome brick and stone
depot in Glasgow, to cost about $500
Some of the officials will be there tn s
week to make the nj cessary preliminary
arrangements, and the building will be
begun at once.
baltimore dispatch says: "Plans
for the extension of the Baltimore and
Ohios Virginia Valley railroad have
been complete ted. The distance is 81
miles. Work will not be begun for
several months. BY this extension the
Baltimore and Ohio will secure a long
desired route to the South by the Roa n
oke and Southern, which will be con-
structed southwark from Winston to
Monroe, n. c., there to connect with
other Southern lines.
The Grafton and Greenbrier road,
extending from Grafton to Bealington,
w. Va, "a miles, is to be changed from
narrow to standard gauge this summer.
Tho West Virginia Central and Pitts
burg is to be extended to Bealington
and trains will be run from that poll t
to Grafton over the Grafton and Green
brier, and the Is. and o. will be used to
Pittsburg, Pa.
It is said that the Chesapeake and
Ohio railway had a contract to deliver
txuantu ~