The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1894-11-01
ZIG STONE GAP, VIRGINIA,
FURNACE PLANT FOR SALE.

Under authority of decreetal judgement
rendered September, 20, 1894, BY the WISE
Circuit Court in Chancery in the cause STYLED
Appalachian Steel and Iron Co., Complainant
versus Central Trust Co., of New York, ct al
defendants, and Central Trust Co., OF New
! ork cross complainant versus Appalachian
Steel and Iron Co.. ct al, cross defcndants.tho
undersigned will, at the office of tho Appalach-
ian Steel and Iron Company, at It's furnace
plantin Big Stone Gap, Wise County, Virgin
ia, between 2 o'clock noon and o'clock r. m
on THURSDAY, NOVEMBER goth. 1894.
offer for gale 1T public auction to The highest
bidder the following property, all OF which
will be sold ~ whole:
LIST The % acres OF land on which is situated
the furnace plant Of Appalachian Steel and
Iron Co., also the two furnaces (onc partially
completed and the othernow in bastl thereon;
together with all the machinery buildings, and
appertcnances thereon, railroad tracks, loco
motive, Stag carts, coke and ore carts, etc
etc, Except the portions of railway track be =,
longing to 5. A. & o. +. L. and y. :. G. and
j. Y. X. K. Co.,) also all the rights of sais
Appalachian Steel and Iron Co.. under Ger
tain lease dated Sept. 81, 1891. from Ellen D..
PAYNE, ct al whereby said Steel & Iron Co,
has the right TO take iron ore from the socalled
Giving 1900 acre tract" The ROYALTY stlpu-
lated for in said lease is fifteen (l5) cents per
ton: minimum one hundred and fifty Qso)
tons per day. The term Of the lease is five (3)
years from Sept. 81, 1891, with right OF re-
ncwal for another term of five years.
This orc land containing 1880 acres, lies
near the furnace plant, and is connected there
with BY South Atlantic i Ohio railway and
By its tram track laid by the Receiver of the
appalachian Steel and IRON Company. The
ore has run on an average since the tur-
mace went intoblast 4j.G per cent. OF iron from
the furnace. On this tract are numerous
miner s-houses as we'll rs 4 commssary build
ing, tiple, stable, Office, powder magazine, DRIFT
openings.
Also the tramwav from furnace to the ore
mines, and the telephone line from furnace to
orc mines sud to Office of the Receiver IN the
town OF Big Stone Gap.
Also all the corporate rights. franchises
and privileges Of said Appalachian Steel and
Iron Company.
ID. The following forty (i9) town lots ly-
ing near the said furnace plant:
Lots Ills inclusive Of Block al al
100 @ . Sl2
ITO g 2l3
" 1920 2l'
As shown map on file at the Office of the
clerk Of Wise County Court. marked and
known as Improvement Co.'S. Plat No. D.
3rd. tract OF land adjoining the % acre
tract first above mentioned, containing twenty
and onc-half (2OI,) acres, lying on either side
of the track OF the Big Stone Gap and Powell :
Valley Railway. which was purchased BY L.
A. Ayers, Receiver. But the 20]= acre tract
will be sold subject to the vendors lien there
on in favor of Il. c. Ballard Thruston Trus-
tee, to secure tile payment Of Slj3l 30 with IL
terest from August Il, 1894, payable in three
equal installmcnts, due respectively in one
two and three wears from said date.
4th One horse, one mule, one express
wagon, and Office furniture now at plant OF
said Steel Il Iron Company.
9TH The stocks of merchandise ore coke
lime stone. PIG iron. (n0t sold on day OF sale
warrants of American Pig Iron Storage War
al the assets and rights Of the Receiver o
the Appalachian Steel Il Iron Co., and Of said
Company.
On the day OF sale a report of Receiver
Ayers made ut The close OF business of the day
preceding, showing fully and in detail the
assets and liabilities of the said Receiver
will be exhibited 70 intending purchasers
And all the property above mentioned Will be
sold subject to the payment by the purchaser
Of all the debts and liabilities of said Receiver
as shown by said report and also subject tt
the payment OF such liabilities rs may ne IN
Cured by said Receiver, between the day OF
sale and the confirmation thereof, which liza
blitcs are made lien on ali of said proper
tv, and possession will not be given until and
except as such debts and liabilities are paid.
On September, -, lS94, the date of the fe-
ceiycrs last report. the Receivers assets were
some eight thousand dollars in excess of his
liabilities, and il is reasonably supposed that
the Receivers assets will exceed his liabili-
| ties on the day OF sale
1t is contemplated that the furnace will be
continued in operation unit! the sale is con
tirmcd, and that a confirmation Of the sale will
be ordered about twelve days after The date
Of sale.