Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-02-20
Development Views.
A MARvELLoUs YEARS SUCCESS OF YIR-

VeVeicpYlonC E.eWS.
A MARVELLOUS YEARS SUCCESS OF YIR
GINA ENTERPRISES.
The reports submitted to the annua
meetings of stockholders in the new tow
enterprises III the Valley of Virginia, show
a marvellous progress during the year ant
a sound financial condition. The report Of
the Buena Vista Co. shows assets OF
s., sos. 223.39 and liabilities of SS4S, $3.50
leaving a surplus Of 81 $50, 549.59. The
Board of Directors decided that the time
to give dividends to the stockholders haC
come, and declared semi-annual dividend
OF per cent. The report gives this re-
markable statement of the progress the
town has made for the past year: I'm Jan
uary, 1890, we had at Buena Vista nine
ty-three dwellings all told. Of the value OF
$lOo. 100000: January, 1891, shows compile
ted four hundred and nine dwellings. cost
ing S49S,000.00. In January 1890, we had
four stores with stock representing -, $780,
90. We now have forty-four stores with
stock aggregating $114 10000. The popu-
lation In January, 1890, was four hundred
We now have over twenty-five hundred.
There are three hotels, two restaurants,
thirty licensed boarding houses, three mar
ket houses, one hardware store, two drug
stores, four clothing houses, twenty
stores of general merchandise, two stove
and tin stores, three churches, one graded
| school, female academy, and one Opera
House. Our banking facilities consist Of
| one National Bank, one State Bank and a
Loan and Trust Company. The payroll
of the town amounts at the present time to
upwards Of $4,000 per month, and will be
very much increased in the Spring, when
several Of our large industrial enterprises
will go into operation. -
The people in Augusta county-and there
are many of them-Who took an interest in
the Salem Development Co., have good
cause to congratulate themselves. The
President, Hon. A. M. Bowman, has made
organization, Jan. 9th, 1890, to january
1st, 1891. The report shows that the COM
pany's assets i'll real estate are $755, 543. 81 :;
on stock account, bills receivable. water
works. &C., $2S4, 045.31, as against total liza
bilities of 1927 OPT 5, leaving net assets of
$712, 56l57. From estimates OF value of
property on hand, its cost, the amount Of
stock issued and cancelled, the present
value of stock is $685. fol- every dollar in
vested. The enterprise of this company is
shown by the fact that it has set aside half
a million of dollars for securing and loca-
ting industries.
The fact that Jay Gould has obtained
control of the Richmond 81 West Point
Terminal system, has given West Point a
largely increased interest, which is further
enlarged from the fact that John H. Inman
says West Point will be one Of the three
Atlantic termini of the road. One result
that follows this, is the reorganization of
the Terminal Improvement Company of
W est Point last week. 1t is now differed
as follows-W. L. Fleming Of Richmond,
President; E. L. Edmondson of Staunton,
Vice President; e. Wilkinson OF West
Point, Treasurer; z. III. Adams of West
Point, Secretary; II. R. Pollard of Rich
mond, Attorney, and G. G. Thompson Of
Staunton, General Manager. These gen
tlemen Except Messrs. Adams and Pollard)
and the following, are Directors-Samuel
Register and G. w. Westbury, of West
Point; G. S. Arnall, Of Atlanta, Ga, and
great railway influence behind this COM
pany combined with the intrinsic merit of
the port it is developing, Will make the en-
terprise success beyond peradventure.
There must per force be an immense
amount of building Of dwellings in the new
towns this Spring. MI. Meredith Jones of
the Richmond Standard Spike and Iron Co.
which bought the rolling mill at Iron Gate,
writes to the Clifton Forge Review, that
the company will in a few months have
and urges that the lot owners erect dwell
ingS on them at once.
The well known McCuldy sisters of
Coyington, have surrendered to the boom,
and have sold their McCurdy House for
$4,000. They have bought lots On which
to build a handsome private residence.
The surveying corps of Shendun are now
engaged in making a survey of a railroad
from Shendun to connect with the B. & O.,
near Cave station. The line that they are
now running crosses the river near the
Cave Hotel, thence across the country
to N orth river, and up n forth river towards
the 3. s. 0.
The Grottces Investment Co. has been
organized at Shendun with $25, 900 capital.
The President is L. H. Vandeford.
The charter of the Virginia Manufacture
ing and Investment Co of Staunton, has
been filed in the Office Of the Secretary of
the Commonwealth.
The contract for 100000 brewery for
Goshen has been closed.
MI. L. w. Osterheld, mining engineer,
is at work Investigating the mines in High
land. Bath and Pendleton counties, for
company of which Maj. Geo. Chrisman Of
Rockingham is President.
Muscoe to Hang.
VIM. Muscoe, colored, who shot and kill