The news & observer., 1897-03-14
STONE MOUNTAIN r. r. co.
AN ENTERPRISE FOR THE UP
BUILDING OF THREE STATES.
n Conne ction With THIS is the Stone
Mountain Granite and Timber
Company.

There was organized in the city of Raj
eigh March 11th, 1897 company which
| has for its purpose the development of
the Northwestern part of North Caro-
| lima, the Southwestern part of Virginia
and the Northeastern part of Tennessee,
section for the production of good cat
tie and horses, equal to any east of the
Mississippi river, and in timber, iron
ores, coal and other minerals and in its
natural beauty and climate has perhaps
no equal on the American continent,
We refer to the Stone Mountain Railway
Company, the charter for which was
granted by the recent session Of the
General Assembly. The subscribers to
the capital stock of the company held
their finst meeting here March 11th,
1897, and elected III. l.. Smith, of Nor
folk. Va; w. H. Wells, of New York;
A. NJ. Clegg, of Washington, ID. c.; J. E
Stagg Of Durham, ~ c.. and @. w.
Hinshaw, of Winston, n. c., directors
The directors afterwards held a meeting
and elected G.. w. Hnshaw, president;
J. II. Stagg, vicc-president; Miss II. NJ.
Hinshaw, secretary; H. l.. Smith, treas
urer, and w ii. Wells, chief engineer
The principal office will be in Winston,
n. c., where the president may be adj
dressed. 1t is the purpose Of this com
pany to build standard guage railroad
from point on the Northwestern n. c.
Railroad at. or near North Wilkesbor0,
N. c., in q nOrthernly direction, dis
tance of twenty miles to Stone Noun
tain, thence across the Blue Ridge into
Allegheny county, thence via one of two
routes-one in northwesterly direction
through Allegheny and Ashe counties,
n. c., to the Virginia or Tennessee line,
so as to connect with road now being
built from Abingdon, Va, to the north
west into the coal fields of Scott, Wise
and Russell counties, Va, and in south
easterly direction to the North Carolina
or Tennessee line; or from Stone Noun
tain in a westerly direction through Allie
ghany and Ashe counties to the Tennes-
see line and thence on to "a connection
with Bristol, Tenn The line via Abing
ton would put the coal fields of Virginia
within less than two nundred miles OF
Winston, n. G..
Stone Mountain Granite and Timber
Company. a North Carolina corporation,
with one hundred thousand dollars capi-
tai stock, owns Stone Mountain, which
is five miles in circumference and seven
hundred fifty feet high, solid granite OF
the finest quality, and this is only part
OF the ten miles area of granite around
it. Besides the granite this company
owns several thousand acres of the finest
timber lands of that section. Col III. l..
Smith, of Norfolk, Va. is president Of
Stone Mountain Granite and Timber
Company; G. w. Hinshaw, of Winston,
n. c., vice president, and Walter Sharp,
Of Norfolk, Va, secretary and treasurer.
The company has offices in both Winston,
n G., and Norfolk, Va. The building
Of Stone Mountain Railroad means that
the rich iron ores in the section through
which it runs will be utilized Iron
furnaces, stone quarries and saw mills
will dot the line and the granite, iron,
lumber and coal will find a market
through North Carolina and add inn
mensely to the freight traffic to Norfolk,
Wilmington and other points This will
be the shortest possible coal line to
very large portion of North Carolina and
is destined to be a road of very great
Importance. Fifteen miles of the sug-