The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1899-02-09
THE BIG DUAL.

AS heretofore stated IN the column
of the Posi- the s. A. & o. r. r. ha
been sold to Mr.. Geo. L. Carter anC
associates who are engaged in com
bining all the furnaces in Southwest
Virginia and some valuable minera
lands under one management. The
transfer has not been completed, but
the attorneys are engaged in the
/ preparation of the deed, and as soon
as it is prepared and executed by the
different parties, including the
Master Commissioner, and confirmed
by the Court, the road will be trans
ferred to the new combination. 1t is
understood that the name Of the road
will he changed to the Virginia aud
Southwestern r. r. The same
parties have purchased the b. & E.
r. r. and it is understood that after
the transfers are completed Mr.. b. l..
Dulaney, Of Bristol, will be president
of both roads, and Mr.. w. Is. En-
inert. who is now superintendent Of
the B. IL L. Il. r., will be superin-
tendent of both roads. The same
parties have purchased number OF
valuable tracts of ore lands including
the property of the Doe Mountain
Iron Co., on Doe River, in Carter and
johnson counties. Tennessee. They
have also purchased or have options
to purchase l3 furnaces, the Bristol
furnace and all on the n. d w. R.R., |
except the furnace of the Pulaski |
Iron Company, which has not gone |
into the combination as yet. The
Virginia and Tennessee Coal IL Iron
has also gone into the COM
bine, also the Toms Creek Coal &
Coke Co., which owns the coke ovens
at Toms Creek in this County, and a
large body of coal land on and adj
accent to Toms Creek.
This combination will practically
the entire output Of pig iron
n Southwest Virginia, and own
'ery large and valuable body Of COX
ng coal lands. Many of these fur
faces have only been in blast short
ime, and to successfully operate
hem will require very large deyel-
pment Of new iron ore. fields. 1t is /,
elieved, however that the n. & w.
!. r. will second their efforts in this '
irection by building branches wher- |
yer necessary. 1t is understood
hat the S. A. & 0. will be extended
Norton to form a connection with
lie N. & w.
The combination is being financed
the well known banking and y
rokerage firm of Moore IL Schley of c,
ew York $7,500,000 bonds will c,
, issued and the same amount of @,
ock. In order to supply the fur g,
aces with coke a large number Of o,
Ike ovens will be built at Toms J.,
reek and the present plant greatly ~ y,
larged. The success of the COM "
nation will mean the expanding Of
great deal of money in this section
d the operation Of the furnaces will "
We employment to thousands of idle ~
'orers. There is quite a demand 80 80
labor in the Wise county coal 20 -:
Id now. q
Mr.. Geo. /. Carter, who has been IN
moving spirit in effecting the vi
oscillation, and has contributed a
most valuable properties, is most hi
'ellent business man. and whatever ie
position may be, will easily dom We
tie by reason of his superior ability nlt
The practical management of the
hrs of the company. -
'lr. Is. l.. Dulaney, who is to be D0I
sident of the railroads is well yo'
wn to the people of this section,
having done more than any other
to develop the two BriStols.
ny hundred thousands of dollars
e been invested in Bristol through =
inStrumentality. Mr.. w. B.
merit has very successfully oper-
the b. & L. during the hard
IS of the past few years and will
6 to the management of the 5.
.. the same careful and intelli-
methods he has pursued with NJ
B. & +. al