West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1893-02-09
THE BUCKHANNoN BOOMERANG.

Here is the way the Grafton Sen,
ttnel roasts Buckbannon and hei
big boom in the last issue. " b.
hsh it for the special benOht Of
some of our citizens here in King.
: wood
There are few people who will
feel any sympathy fer Buckhaunon
Her people entered INTO big swim.
ding scheme by which hundreds OF
innocent investors under false rep.
resentation have been defrauded OF
thousands of dollars. The Buck
harmon "boost'' was represented to
the people by extravagantly paid
agents who went about over the
State representing the never-to be
realized growth and prosperity of
the place, when it was known by
the projectors of tie boom that 1T
was all moonshine. . 1t was miser-
able swindling scheme. whether so
intended by the projectors in the
beginning or not. People in every
town IN this part of the State put
money in the Buckhannon scheme
to whom it was represented az being
a most profitable investment. These
investors wonld now be glad to get
ten cents on the dollar. The Leg
islature could do the State no bet
ter service than to make 1t impossi-
bic to formulate and carry on these
"wlldcat" booms such as has dis.
graced the history OF the town of
Buckhannon.
This is putting it pretty strong.
and we do not know whether it is
all true or not, but it gives us a
good chance to take to task our
people who went Off to Buck harmon
and invested their money instead OF
right here at home. We very we'll
remember when the boom was at it's
height and quite number of King
wood people rushed off up there
and invested some hard earned
dollars. We protested against it
then in this paper and wanted the
money invested here at home, in
order to help build up our own
town, and We hope this will be a
lesson that will not soon be forgot
ten. There are several enterprises
under way here, that have been
talked about and planned and ag-
nred ont as good Investments, but
left to anguish for the necessary
capital. For instance, everybody
admits that q good roller process,
steam Touring mill would be a good
thing here, and Messrs. Graham
Bros have been trying for some
time to get our people to take hold
and help them establish their mill
here In town, but have never vet
received the proper encouragement.
Then, again, hardwood factory
has been on the tapis ever since the
railroad was built, and it was
thought at one time that Major Orr
had arranged for that, but the mat
ter seems to have been dropped.
Last year an attempt was made to
build a town hall, something we
need badly, and the money that
went to Buckhannon's busted boom
would erect first-class hall for the
town. 1t is generally admitted also
that Kingwood could be made
popular summer resort, if a little
money and enterprise was invested
in this direction. But laying aside
the many profitable ventures that
might be established here, there is
the tenement house investment.
which is an absolute necessity and
perfectly safe and sure thing.
Money invested in houses to rent
here, If judlciously managed, will
yield ten per cent. interest clear of
all expenses, including taxes, re-
pairs and keeping the property
fully insured. What better or safer
investment does anyone want? And
then it is helping to build up our
town and bringing in new citizens.
As it is, there is a dozen new houses
IN demand now that could be rented
this spring, and we know Of several
families wanting to move here that
cannot get houses. We hope our
capitalists will consider this, and
when they have any more money to
invest, put it in houses torrent right
here in Kingwood, and we will guar
antee it to be good investment.
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The printing OF ballots and adj
yortising the tickets for the late
election cost over 800 in Barbour
county. In Marion the work cost