The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1895-08-28

Roanoke has stemmed the tide of de-
preston and is now on the high road to
q successful future. For the past few
weeks q feeling Of encouragement has
pervaded the business men OF this city
and 1t is growing stronger day by day.
There has not been such hopeful feel
Ing for two years as there is at PRES
ent. And this bright hops is based upon
solid foundation instead of upon the
fimsy fabric OF real estato booms and
such like. 1t Is fact and not fiction
this time.
A brief glance at wha. has transpired
lately will convinc anyone of the cor.
rectness of this report. Iron furnaces
have started up all arc and us, and the
West End furnace, which has been idle
for come time, will resume operations
as soon as 1t can be gotten ready. 1t
Is also stated that the rolling mill will
be running before long. Furnace No.
., OF the Grocer Iron Company, has gone
into blast, and there Is good prospect
of the East End rolling mill starting
up. gentleman we'll posted in such
matters informed q TIMES reporter that
he expected to see the pay rolls of the
various industries around Roanoke
doubled within the next three months.
The Machine Works are running on full
time and will continue to do so through
out the winter. There are several
deals on foot looking to the starting up
Of the industries now idle, while the
force, employed by those now in opera
ton will be greatly increased.
These are assured facts. There are
also rumors, and some of them bear the
stamp of truth. that in the near future
an enterprise will be established here
that will be one of the largest In the
country. These plans are not as vet
perfected, however, and nothing definite
can be said of them.
The much longed for increase to the
railroad facilities OF the Magic City
seems In good wsy to be realized. a
party OF railroad men, composed of
Thomas King, vice-presidens Of the
Baltimore and Ohio; Gen. John Gill,
receiver OF the Cape Fear and Yndkin
Valley; Col. John A. Thompson, an
expert accountants, and e. A. Walton.
OF the Baltimore and Ohio, arrived in
Roanoke yesterday morning. Their
coming had been heralded, and ii was q
we'll known fact that they came on q
tour OF inspection and observation. The
Baltimore and Ohio Ia enxious to get
into Roanoke and II they meet with
proper encouragement this move will
accomplished.
The visitors were met by q number Of
prominent business men, among whom
were Hon. 81. 3, Trout, j. T. Engleby,
j. s. Simmons, R. q. Woodruff and
Capt. M. M. RogerspsA brief conference
was held and TIE party viewed the city
from .the'~tower of the Terry building
Mr.. King and his associates left on g
special train at IL o'clock for an inspec-
ton OF the Roanoke and Southern and
Oaps Fear and Yadkin Valley railroads.
None of the gentlemen concerned de-
sired to discuss the matter, but one of
the Roanoke party said he felt much en-.
couraged over the visit and was satis-
fed that both the Baltimore and Ohio
and the Chesapeake and Ohio would
eventually come to Roanoke. The fol-
lowing from the Baltimore News of
Monday explains the objects and desires
OF the above named roads:
1.-THE News learned to-day from an
authoritative source that If satisfact tory
arrangements can be made with the
city OF Roanoke, Va the Baltimore and
Ohio and the Chesapeake and Ooio
SYSTEMS will build into that city. The
two systems now meet at Buchanan,
which is only 90 miles from Roanoke.
=" A route was surveyed some time ago
and engineers estimate that the line
could be built at comparative email cost,
At Ronhoke the lines would connect
with the Roanoke and Southern, which
extends southwark from Roanoke 60
,Winston-Salem, N. c., a distance Of 1913
miles. The Roanoke and Southern con.
nects at Winston with the Cape Fear
and Yadkin Valley, which runs from
Wilmington TO MT. Airy, N. c., q dis
lance of 24S miles.
IF the arrangements can be made
With the authorities OF Roanoke the ex-
tension from Buchanan to the former
city will be built by syndicate com
posed OF local capitalists in connection
with the Baltimore and Ohio and the
Chesapeake and Ohio"
The chsrter OF the West Roanoke Iron
Company, which had been granted by
Judge Dupuy, was filed in the clerks
office yesterday morning. The company
ID formed for the following purposes:
First. To manufacture iron or steel
or any product of iron or steel; to erect
and own furnaces, mills, foundries and
machinery and operate the same, and 10
own and work quarries OF limestone and
other stone.
Second. To lease furnace or furnaces,
mile, foundries. machinery and the
necessary appurtenances thereto re-
CURED In the conduct Of their business,
and to operate such property.
Third. To purchase, lease. let and
convey iron ore, mineral, coal and lime
stone lands, rights and interest in lands
situated in any county In the State Of
Virginia or elsewhere, and to mine ore,