The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1893-06-15
9th which was published in the Bos-
ton Globe Of the same date:
s'FArLUREs THREATEN STARVATION.


FAILURES THREATEN STARVATION. -
"Bre SroSE Gar, Va, June 6-Hun-
dreds here are on the verge Of starvation.
Scores Of families have nothing but corn
meal and water, and not too much of that.
The failure Of on improvement Co., fort
night ago, followed later By collapse of
Appalachian steel company, which owes
its employees $4,000, are the causes"
The Posi- has had quite number
OF inquiries from parties interested
here in regard to the truthfulness Of
these statements. They are each false
as false can be outide of the fact that,
on May 26th on petition Of one or
two Big Stone Gap bondholers, who
have never had any love for the place
outside of what money they hoped to
make out of it, Judge Nathan Golf
issued an order appointing j. X.
Taggart and H. G.. Wood receivers.
This was all explained through the
Posr of June LIST, in Attorney j. F.
Bullitt's statement and that of Gems
Ayers. This did not affect the bust
ness of the town; in fact, had the Pc
tition for a receivership been made
without such charges as "incompe-
potency, Misrepresentation of funds,
ETC.. then, even those connected with
the Management of the company itself,
as we'll as the people of the town,
would have very likely looked upon
it as the best thing to do under the
circumstances
Then, in regard to the rcceivership
of the Appalachian Steel and Iron
Co., this company was moving along
and making money, even at the very
low price at which it was forced to
sell it's iron; but, owing to the fact
that it had a floating debt of several
thousand dollars, and fearing that
some of the creditors would attempt
to close the furnace down, which, had
it been done, would have created a
loss to the furnace property OF at least
from $15. 900 to $50, 600, those con-
nccted with the management OF TIE
furnace asked that the property ne
placed in the hands of receivers, who
would carefully and honestly conduct
the business, so as to enable it to fin
ish paying off it's indebtedness.
This action was taken in order to
protect the property and to keep it
going, and not to close it down or to
defraud any of the creditors of the
company.
Judge Morrison, in view of the facts
set forth in the bill; on June 2nd,
appointed H. II. Bullitt and &. j.
Bird, Jr., receivers.
The furnace has been banked for n
few DAYS, but will soon be i'll full
blast again.
No one at Big Stone Gap is suffer
ing tor bread, or any OF the hcccSsl-
ties of life, and the malicious liar who
instigated such an unwarranted re-
port would not fare very we'll were he
to put in an appearance at Big Stone
Gap just now.
1t is the popular belief in and
around Big Stone Gap that a certain
wcll-known enemy to the town and
it's industries was the instigator Of
these malicious falschoods, and an
effort is now being made to find out
who the real originator was. 1t will
be seen that one appears as an inter
view while the other is published as
a special dispatch. If any such man
as j. N. Walker was ever here no
one knows of it, while the "dispatch'
was not sent through the telegraph
Office at this place.
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