The comet. (Johnson City, Tenn.) 1884-1916, 1892-01-21
VA7AUGA TOWN @.
Mr., Fitzgerald, of the f. T. V.
& G. Writes a Letter to
Mr.. Arthur, Showing With What
Amount the Co., is Regarded.
A Company Begins Great Undertak.
Ing and Will Build a Great Town.


There is every reason to believe that
the Watauga Town Company will do
a great work in this valley. It's ad-
vantages are unprecedented. The To-
cation by nature makes it the one
place In East Tennessee for great
Town. 1t will have excellent railroad
facilities, and its water supply is I'M
surpassed. Being the natural gateway
to timber, ore and coal in the noun
tains on either side, the near future.
holds great things in store for it. Those
who are acquainted with the map OF
this section can realize how much ma.
ture has contrived to help the great
town company.
The following letter from Edwin
Fitzgerald, traffic manager of the E.
7, V. & G.. Railway, to Mr.. Arthur,
president of the town company, shows
how much the E. T. V. & G. people
appreciate the company and the To-
cation chosel:
KNOXVILLE, Tenn, Jan. II, 1892.
A. A. ARTHUR,
President Watauga Company,
Knoxville, Tenn.
Dear Sir: nave received your let
ter, enclosing prospectus of the Wa
tauga Company, and calling my atten-
ton to its purposes in the develop
ment OF the valuable resources Of the
section adjacent to Watauga station
on our road. also note your inQuir
les as to the disposition of our com
pany in tue matter of freight rates
and facilities, looking to cooperation
with you in the accomplishment of the
great work you have in hind,
1t is the purpose and policy OF orr
company to give All the encourage
ment that consistently can be extend
ed, and to cooperate fully in the de
velopment OF all substantial enterprises
identified with our system, and we
feel particularly interested in your
company because of our knowledg" OF
theevalue of the property that you have
in hand, and take occasion to sly
that in presenting the resources, as
you have done in the prospectus, it
possible for me t. endorse the state
ments it contains,
That your location possesses adyan-
tages greater than any other section
with which have knowledge, | think
can be demonstrated. The famous
magnetic ores Of the Cranberry dis
trict on the one side, and the superior
coke OF Southwest Virginia aud East
ern Kentucky on the other, with ar
abundance OF coal for manufacturing
purposes, together with the finest
stone for furnace and building pur-
poses, vast qunt,ty of timber and bark
and the abundant water supply OF the
Watauga river, which can be used fui
domestic, power and factory purposes
and with the railway facilities that will
be extended by our system, giving y6t
markets to all parts of the country
combine advantages that can not he
overestimated. This, added to the
management assured to your compa y
by the board of directors that yon have
presented, is a guarantee of success.
The great<achievement ct Middles
borough, under your management
with infinitely less merit to sustain il
than can be found in East Tennessee
is an assurance to the public OF wha
may be expected in the accomplish
ment Of the work you now have II
hand.
We fully recognize the necessity fol
liberal cooperation on the part OF GU
: railroad interest to sustain your ~
: terpeise, and, as | have said before, we
shall deal with it as literally as can b.
made consistent. 1t will be our pur
pose to afford you markets at reasona
! Bile traffic that will enable yon to NEE
:. decomposition Of other sections deal
, ing in the same products.
/. he great value OF the property you
company possesses is in the TACT tina
it is able to produce at cost possiD
I lower than any other section OF TIL
8 country, iron for steal making pur
t poses by the Besseme process Tn
v value of this feature can not, N m.
9 Judgment, be TOO highly estimated
9 and | believe that in the vlcln ty o
y your property there will be in the nea
q -. ..1 ,olorte ond entprnriseS G