The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1891-09-19
West Virginia's Unparalleled Prosper.
ity.

Under the above caption the Mana
fdct,wers' Record of the 9Th instant
publishes an interview with Cover
nor Fleming of this State, from which
we take the following extracts:
"And how about iron oles?'
1--WE have quantities of iron ore of
high grade in various portions Of
the State, and especially in the South
eastern section, to say nothing of the
enormous quantities OF ore within the
counties of Braxton, Preston, Jeffer-
son, Berkeley, Morgan, Hampshire,
Hardy, Grant and Pendleton. The
construction of the new lines of rail
roads now building in our State will
bring these ores into close proximity
to the great coking coal beds; then
we may expect to become great
iron producing State. Limestone
abounds everywhere, and we may
safely predict that the iron indus
tries of the North will be unable to
hold their own against those which
we assuredly will soon have within
our own borders"
Governor, you have named few
of the principal cities and towns of
your State, what of some others of
promise?n
charleston here, the capital city,
is enjoying a most substantial growth,
many large buildings of iron and
stone fronts are now in process of
construction. Numerous dwellings
are building, too, and yet both bust
ness and dwelling houses are scarce
and rents very high. The wholesale
trading of this place aggregates about
$4,000, 900 annually, and yet we have
only $4,000 people, including the
suburban population. might men
tion Parkersburg which is one of the
handsomest and best points in our
State, and has within her limits a
very progressive people Charles
Town in the northeastern end of our
State, is growing rapidly, and many
manufacturing industries are loca-
ting there, many of them coming from
the Northern States.
what has been the effect of the
stringency of the money market upon
values and business in your State2"
ut has merely checked whatever
wild and reckless speculation exis-
ted; but legitimate business has con
tinued just as brisk, and values are
even better than ever before. | do
not know of a single investment made
within our State during the past two
years, except wildcat oil speculation,
on which parties have lost or will
likely lose Property is just as high
TO day and even higher than year
ago. Of all the Southern States /
doubt if any has suffered less than
West Virginia from the depression
of the money market"
"How is this accounted for?'
Simply because our values have
never been inflated and much money
has come into the State, while com
paratively little goes out. Our own
people as rule trade prudently, and
do not recall single failure of con-
sequence within the past twelve
months
AS the Governor concluded, Secre-
tary Of State W. A. Ohley dropped
into the executive chamber and was
introduced. His department has ex-
elusive supervision of the granting
of corporate franchises under the gen
eral laws of the State, and l asked
him:
Chow do the corporation records
of your office show up the business
OF the State?'
We'll" said the Secretary. "they
present the very best evidence of the
States rapid growth industriously,
financially and commercially. The
number of charters granted in 1889
was largely in excess of the number
issued in any former year, and the
new enterprises chartered to do bust
ness in West Virginia alone during
the last twelvemonth exceed in nun
Der those chartered in the previous
year by, should say at least 25 pei
cent. An idea of the magnitude oil
new business ventures in the State
may be obtained by the number and
character of corporations chartered
during the first three months of tht
current year Within that time
from January | to April l, 1891
there were Incorporated l6 oil ant
: gas companies, with an authorized
capitalization of SO, $50, 900; 10 rail
} road companies, with authorized
capitalization of $7,7S0,000; IL Goa
, and coke companies; with authorized
} capitalization Of $7,S75,000; 5 banks
! and banking institutions, with au
J thorized capitalization Of 81, 10000
} and Al miscellaneous corporations
} such as manufacturing companies
lumber companies, electric-light com
panies, building and loan associa
tions, etc, with an aggregate author
lied capitalization Of SIG, 10000.
Use Halls Vegetable Sicilial
Hair Remover and your thin gra,
locks will thicken up and be restores
TO their youthful color, vigor, AM