Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-01-17
RISING ROSNEY.
AFuruRs GREAT CITY IN OLD BUCK
lNGtiAM.
Capital Developing the Great IMMORAL
Wealth Of the County.-A Natural
Industrial Centre.
Rnssrr. Iannarr rs. lsai.

tie mixed. but DiS iuea was "' bkht w.
vas truism. What he meant was that sll
the county needed for its development
was capital. Well. capital is coming into
the county, its development has begun
and the result of that development is CO.
inc 20 more than realize the expectations
Of the most sanguine
That the county Of buckingham Is o
mine Of mineral wealth is no new dis
coyery. Rogers asserted the fact IN 40
MANY words; Campbell, whom j have al
waye commended could see rs Tar into the
bowels of the earth rs any man that ever
lived. confirmed the assertion, and later
biologists and miueralogists have prscti-
eally demonstrated the fact.
nosNEY.
Among those who are engaged in deyel-
oping Buckingham are the projectors OF the
Rosney Iron and Lumber Company. limit
cd. Rosney. the genesis Of the city they
propose 20 build. aud which in its location
and all cts surroundings is the prophecy
of a great industrial centre, Is situateo
about the middle Of the county, at an ele;
walton Of some 900 feet above the level OF
tho sea. Its environments are most
picturesaue. and il is one of the healthiest
spots in Virginia. Nine miles from 1t Is the
courthouse, three miles southwest IS Wits
Mountain, noted for the beautiful scenic
panorama II commands. and in every d.
fection there is charming expaIs' OF yiew'
RAILROAD FACILITIES.
Within n very short time Rosney VIII
have railroad facilities that will be unex-
celled Already the Orange and keysylile
road, which runs from Avon, on the Ale,
chany division of the Chesapeake and
Ohio. TO Farmville. on the Norfolk and
Western system, has been graded to with
In four miles of Rosney. and arrangemenls
have been made with the Farmville and
Powhatan Company TO extend their line 70
the place. This line it is also proposed 70
extend TO Roanoke. Let one now take O
map of the railroad systems OF the country
and he will see that Rosney will have ran;
road connections north, souri, east anu
west.
SET A FoUNDATIoS-sToNR.
Here Il is that the company have set O
foundation-stone, here they. propose 10
build a city, and here are all the conditions
for the contamination OF that end. Inc
Rosnsy Iron and Lumber Company. limited,
is BODY corporate, owning five thousand
ncres of selected timber and mineral lands
and ia managed by the following-named
gentlemen President. Hon. Frank 4.
Shaw. ex-member of Congress and tax
commissioner of the State of Maryland ;
Vice President, DR.. James II. Billingslea.
capitalist of the same place; Managing
Director. John II. Walter, Esq, capitalist
and large real estate agent of washington.
ID. c.; Secretary, II. NJ. White. mineral
land expert, Of Washington. ID. g.; Urea
surer, John L. Reifsnider. capitalist. OF
Westminster, Md; Attorneys, Cnarles l.
Reifsnidor, a leading lawyer OF Westmln-
ster, and Hon. Edmund W. HUBBARD, ex-
member Of the Virginia House of Delegates
and member of the Virginia Senate.
FINANCIAL.
The capital stock Of the company, is
n .OOO. 600 divided into $4,000 shares of a
par value of fifty each. and which are now
offered upon the following terms: Ten
dollars per share upon subscribing and ten
dollars per share for four months, but all
subscribers who pay in full for each snare
of stock upon subscribing will be allowed
q discount OF 10 per cent. Fifty dollars
per share will constitute tull-pald and non
sssessable stock.
LOT FEATURE.
Every holder of five shares Of stock will
receive in addition to bis stock-which
will cost him only S250-a decd tor one
building lot. and every holder of twenty
shares will receive deeds TO tlve lots ana so
on in proportion,
The policy of the company towards man:
ufacturing enterprises IS most liberal ana
such as cannot fail TO attract the notice
of capitalists with the result of rapidly
erecting large and varied plants at Rosney.
The company will build aud assist in
building In addition to $4,000 hotel
large band saw-mill, q planing-mill, large
blast-furnace for making Bessemer pig
iron, a steel-plant, l0O-ton charcoal-iur'
mace. car-wheel works, tool-works. FUR
niture-factorv. agricultural implement
works. wagon-factory, pulp,mlll,, a
tobacco factory, q tannery, acid-works'
and various other plants. the material tor
the operation of which abounds IN vast
quantities IN the company's land.
PRE- OF COST.
In addition to this they will erect q larg;
Office building for Office and banking pur
poses. an electric-light plant, water-worki
capable of supplying city OF $4,000 In
habitants, and will construct complete
system of sewerage. To all manufacturer
plants, large and small, they offer site
free of cost for three years from May !
1891. and will for the same period suppl,
tree the plants erected thereon-as well q
the dwellings in the place-with electri
lights and water from their own works.
soLID FOUNDATION.
have said that here the company hav
set foundation-stone for great indus
trial city. / should have said that here ma
ture has set foundation-stone for tina
purpose. and il ,the sagacity of man doe
not take advantage OF the fact to the ut
most shall be greatly mistaken. Tina
foundation is summed up in the wOr'
minerals" Beneath the company's LAM
nature has been engaged for centurie
piling up her riches, and among tines
riches is an inexhaustible supply OF til
highest grade of Beesemer ore, and larg
deposits of brown and red hematite ore
and manganese. Professor Frederick
Dewey, late curator metallurgy Unite
States National Museum. inreporting upo
this field, confirms in the most emphatl
manner all that had been said by preyiou
investigators regarding the ores, and &C
centuates his endorsement by printing hi
own analysis, showing that the Besseme
ore exhibits high content OF iron andloN
phosphorus.
Considering the great iron development
that is going on in Virginia--a deyelopmen
that in ten years has given her the iarges
per cent. Of increase of any State IN ID
Onion-the existence Of these ores on IN
company's lands means iron-furnaces
Rosney. Capital will not allow such a
opportunity TO slip through its hands
That being patent. and all the other cond
tions at Rosney being rs they are, the futur
city il only question of few years. Tn
iron-furnace Is the propagation of counties
industries dependent upon II, and these II
dustries in their turn necessitate dwelling
and hotels. Industries mean populatlo
and population must be housed and fec
and must have stores.
The logical conclusion. therefore, Is tbs
the stock of the company will provo goo
investment whether IL is bought with
view Of building at Rosney or holding fc
that advance IN property that must surel
come. That il will pay in either ever
seems TO be the opinion of many clea
headed men. Already a good deal of tn
stock has been placed, some OF 1t In you
city, where Jones, Styl d Co. are III
agents Of the company.
COMPETING COAL.
The railroad facilities Of Rosney wi
afford the place the advantage of con
peting coal, that great desideratltm with an
Industrial centre. va its Chesapeake W
Ohio connection II will reach the gres
coaI-beds of West Virginia, and RIA th
Norfolk and Western system il will be
communication with the coal-fields of Oh
Southwest. thus enabling IL TO manufactuI
iron at the lowest figures. In addition I
this there are indications Of large coal d.
posts in the immediate neighborhood {
kosney. This same railroad viii give Ro
ney competing freight rates TO all the ieas
inc mark cts and ports of the country. HI