Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1897-02-13
A LOWELL AND pITTSBURG COMBINED.
Bright Outlook For Blacksburg and
Vicinity.

Bright Outlook For Blacksburg and
Vicinity.
Correspondence Of the Yorlcville Enquirer.
BLAcKsBuRa, February, 5.-The annu-
al meeting of the Blacksburg Land and
Improvement company, adjourned from
December 1st, met at the offices Of the
company yesterday and was more large
ly attended than any meeting in the his
tory of the company, which was organ
lied seven years ago.
Other similar companies have passed
out of existence; but this one has with
stood every storm, and the report of the
company's affairs, coupled with the pros
pect of local development, was 80 satis-
factory as. to make the assembled stock
holders quite enthusiastic.
The president presented comprehen-
sive report as to the history and condition
of the company, which the meeting voted
should become a part Of its permanent
records. The capital of the company is
unusually small for such valuable prop
erty, and because in the line of its inten-
tion-town building and developing-the
company has never had set back or
reverse, it is regarded as an attractive
enterprise.
The following board of directors was
unanimously elected: G. G. Blanton,
Shelby, n. c.; Frank Hammond, Green
vile, s. G.. Samuel Wittkowsky, Char
lotte, N. c.; J. Logan Black, j. F. Jones,
VIM. Anderson and NJ. NJ. Freeman,
Blacksburg, S. c.; j. j. Mcclure, Ches-
ter, 8. G.
The business capacity and reputation
Of the board, and the fact that four of its
members are bank presidents, indicates
the character of the investors as well as
of the enterprise, and bespeaks its ulti-
mate success.
The board elected Samuel Wittkowsky,
president; Frank Hammond, vice presi-
dent; NJ. M. Freeman, secretary and
treasurer, as the officers Of the company
to serve during the ensuing year.
This company has passed through six
years of the worst depression that such
enterprises has ever experienced in this
country. Others have failed and have
been entirely wiped out of existence with
total loss to investors, but this company
emerges practically free from debt, and
to meet what promises to be a successful
future.
A perfectly located property for all
things requisite to the successful building
of towns, its lands fronting on two rail-
roads, traversed by streams which make
a natural drainage possible with All abun-
dant supply of pure, sparkling water,
favorable manufacturing sites, delightful
location for suburban and city homes,
located favorably as to railroad facilities,
elevated 1000 feet above the level of the
sea, with innumerable resources for the
maintenance of dense population, in
Guiding iron, timbers, etc., this company
will some day be the nucleus of an i'm
mense town and industrial development.
Unusual advantages already are attach
ed to their franchises, including charter
for street railways, water works, etc., en-
joying the advantage of being the juno
ton of two railroads, and one to be soon
constructed via the iron mines and the
Broad river water powers on to Gaftney,
and perhaps further west. The iron
mines have recently been sold to COM
pany that is able and expect to develop
them, and return to the locality its old
time prestige as the source from which
was produced the best iron of the country.
Mr.. Wittkowsky had the enthusiastic
support of all in his election, and it is
believed that his we'll known business
methods will be an advantage to the com.
pany and to Blacksburg. J.F.J.