The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1892-08-15
WEST YIRGINTA.s BOOM.
Another New Mining aud aIanufacturin
Towa-New Industries.

Another New Mining aud Manufacturing
Towu-New Industries.
specfds Correspondence Of TIC Ititutgtaez.
CoRrSvu, W. Va, August 1.-THE
industrial movement in West Virginia
continues undated. This town, re-
| comfy started, in Preston county,
W. Va, on tho main limo of the B. so.
railroad, yesterday vas practically
thrown open to the public, in the first
auction sale of lots, conducted by w.
o. Bukenbaugh, tho southern real es.
tate auctioneer,. under the auspices Of
the Snowy Creek Coal and Coke Com
pany, an Organization made up! chiefly
Of Pennsylvania and Ohio capitalists,
who came horc some time ago, .pur-
choscd tract OF coal and timber land,
arc building lot OF coke ovens, open
ing up coal mines, erecting buildings
for mechanics homes and business
On tho opposite side of the railroad,
the Oakland Coal and. Coke Company
purchased several hundred acres OF
land, have erected and have
in operation seventy coke ovens,
and have completed q large number oil
dwelling houses which are occupied, by
people actively engaged in the mills
and mines Of the place.
At to.days sale large number OF lots
were sold TO prospective settlers apd in
vestors. One of the last sales made be-
ing to an outsider who will at once
commence the erection OF two three
thousand dollar dwellings for rent,
It is assured that there is an excellent
opening in these towns OF West Vir-
gtnia Tor the Investment Of capital in
dwelling houses and store buildings for
rent. There is about IA per cent inter
est per aunum net in Investments OF
this character. These are facts
what are becoming known among
the capitalists OF the country and
to-day we ind more capital seeking in
vestmeuts in this direction than ever
before. No more western farm mort
cages need apply for our dogn east
6 per cent money, when this intorma-
ton becomes generally known.
On the sale grounds to-day ] met an
old and experienced wagon and carriage
manufacturer. When asked in regard
to his mission here, no stated:
~ have never been in West Virginia,
and I came hero to sec this new town,
and see for myself whether those re-
porte regarding the state were true, or
merely circulated falsehoods / am
convinced that the half has not been
told. tits great country, rich field
for any business, and / can make tho
arrangements desired / am going to
come into. West Virginia and live; We
we will move our machinery and plant
within her borders and build up a bus
mess, that will, / am confident, increase
faster and pay better than the one /
established some. years agoi the North.
We then started with twelve hands,
and in four years time had on our pay
roll $50. Just wait until you get such
works as that located at the various
desirable points in your State and
vast change will have been brought
about Why, here I find the timber
we require and it is cheap; ! can locate
my works right along side OF the saw.
mill and the coal mine. Just think!
Coal here is only 65 cents per ton.
"0ur Massachusetts,, New York and
Western factories cannot compete with
this territory when once developed. In
addition, your climate and pure water
are unsurpassed"