Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-19

July Is, 1890, at an average price OF
S27J per lot, which appeared first I'm the
Richmond Dispatch July g. 1890. "Exhi-
bit j. was a map of the town OF Ivan
hoe as laid out showing large reserva-
lions for manufacturing and mining pur-
poses. large park extensive hotel
grounds, depOts, railroad lines. furnaces,
numerous streets and avenues and
great number of dwelling and business
lots. the lots for dwelling having only
front Of . feet, with depth Of from
100 to 80 feet
The heading Of the advertisement. Eek
hibit c." represented Ivanhoe as being
at the junction Of the North Carolina ex-
tension and Cripple Greek extension o
the Norfolk and Western railroad. am
claimed II 10 be great railroad june
ton in the heart of the greatest mining
district In Southwest Virginia; and among
statements made I'm the advertisement. 1t
was represented that there were immense
limestone quarrles already being ope-
rated within the town; that the New
River Mineral Company was already ope-
rating one furnace, while the Ivanhoe
Iron Company. under the presidency or
Jordon H. Mott, Of the Mott-Haven IRON
Works. Of New York had been organized
for the purpose Of erecting another fur
River Mineral Company, adjoining the
town, was operating eight extensive
mines. giving employment 10 large num-
Der of men, that the Ivanhoe Zinc Com
pany, with a capital Of 10000, had pur-
chased immense deposits of zinc ores az
or near Iyanhoe, which they were de-
veloping and would soon erect several
large furnaces; that Iyanhoe. being the
only city on the south connection OF the
Norfolk and Western railway with the
Cape Fear and Yadkin Valley railroad In
North Carolina, had become the great
distributing point for the immense ore
fields and agricultural and timber districts
in Southwest Virginia and Western North
Carolina; that, situated I'm the midst OF
a great wool-growing district, and within
a short haul Of the southern cotton
fields, no place I'm Virginia possessed
greater advantages for woollen and cot
ton mills than Ivanhoe. and that through
its connections with steamship lines, the
Louisville and Nashville railroad. the
Shenandoah Valley railroad, the Cape
Fear and Yadkin Valley railroad. and
its outlet on the Ohio river. the Norfolk
and Western railway placed Iyanhoe in
direct communication with all the great
markets OF the North. South, East. and
West.
The opinion holds that instead OF Ivan
hoe being at the junction Of the Cripple
Creek extension and the North Carolina
extension OF the Norfolk and Western
railway, connecting with the Cape Fear
and Yadkin Valley railroad in North
Carolina, the evidence is conclusive that
this representation had no foundation in
fact, as the Cripple Creek extension or
the Norfolk and Western railway was not
I'm existence then or since and that the
Norfolk and Western railway extension,
connecting with the Cape Fear and Yad-
kin Valley railroad In North Carolina,
was not then, and never has been. COM
pleted, nor was its completion even as
sured; and that Ivanhoe was, in fact.
but village at station on the Norfolk
and Western railway, with only a few
miles OF this branch under construction
or completed south OF Iyanhoe.
1t further holds that the proof shows
that the immense limestone quarrles rep
resented to be already In operation
within the town were mere temporary
affairs, operated chiefly to supply lime
stone for the use OF the furnace OF the
New River Mineral Company; that In
stead Of working eight extensive mines,
the New River Mineral Company were
not at any time operating over half that
number; that the Ivanhoe Iron Company
was but a myth. as such company had
never been organized or chartered that
the Ivanhoe Zinc Company. with capt.
tai OF $4,000. II 1t ever existed, even In
contemplation. had not a dollar OF sub
scribed capital and had never purchased |
a foot OF land or a deposit Of zinc-oro
at or near Ivanhoe. etc. etc.
The opinion then holds that II Is not |
only to be inferred from the character
OF the representations Of the company
and the manner in which they were
made that the complainant was induced
by them to make his purchase of the
seven lots at Ivanhoe al an average price |
OF over $500 a lot. when the real value OF !
the land was not greater then. or since. !
than other farming lands In the vicinity |