The people's journal. (Pickens, S.C.) 1891-1903, 1901-09-26
BUILT UPON SENTIMENT.
An Interesting Phase Of a South
cruer'S Fortune.

An Interesting Phase Of South.
erner's Fortune.
X ii. Edmonds III Manufacturers Rccur 4
"That house," said ". c. Newman
OF New York, pointing to the mansion
which he has built in Virginia, "whlcl
has cost me several hundred thousand
dollars, Is the fullillmcm OF Il promise
made 10 my sweetheart. Some ycars
ago, after wandering around the world
rs sailor boy, then rs mate and Il
captain, fell III love with Il Virginia
Sul. i}y the way, | was born in Rich
mOnd, and 50 it was natural to find my
sweetheart in that State. While en-.
dearoring TO persuade her to say yes
| told her that if she would become
my wife | would some day build for
her on the hill on which we were then
standing the finest dwelling in Vir-
ginia, and one in keeping with the
magnificent view which is afforded bv
that spot. She SAID 'ycs,' and, though
she had to wait ten or twelve years, |
have now redeemed my promisc.'
The story was interesting enough to
| justify telling Il few things about Il
man who from sailor boy has reach
cd that degree OF prosperity where he
can afford TO own us a playthinM II
splendid stock farm of 1000 acres, and
TO crown its most attractive hill with
such costly residence IN fulfilling Il
! youthful lovers promise.
Twelve or fifteen years ago the MAN.
uTaCturcrs' Record often published let
tcrs from }. J. Newman, Il mininy =
engineer of Salisbury, n. g., clalmiu.
| { hat low grade copper and gold ores of
that State would furnish wonderfully
prosperous icl ii for capitul Whenever
men were found willing to invest
| enough 10 erect Il great smrltlny plant
equal TO the best in Ihc world, and to
carry on their mining operations on a
con- Cspohding scale of magnitude.
"rhc unlimited quantity OF low-uradc
ores which can he found here will
some day result III the creation Of vast
aiming and smelling operations, yie d.
ing Il rich harvest to the State is well
: rs to the investors" was lne burden
Of many letters, but as no one had
ever undertaken such project in
North Carolina, his views were regard
ed as too optimistic by the local pco
pic. They had faith IN his good IN
tcntiOns, but they were skeptcai us &c
the correctness OF his Judgment Oh
these points.
But W. G. Newman had an abidn.
faith in his brother, and il few years
| ago the time came when he was able
to undertake mining development in
North Carolina on the scale so long
advocated by Joe Newman. But to
go back TO W. G. Newman.
Born i'm Richmond in 1862, he went
| to sea at fifteen years of age. For
several years he had the rough life OF
SCafaling mcu, with many varied cN~
pciicnCos in South America and other
countries. But with Il determination
to conquer he oVcrcame many OBJ
staclcs, and WAS advanced to mate,
and then to captain, commanding Il
2,0UU-tou ship when he was twenty.
one yCalS old. Abandoning the sea
he settled in New York in 1855, ant
became an advertising solicitor. Tel
.ycas ago he came 10 Baltimore with ;
letter Of introduction to lhc write
from his brother Joe. We never me
again until il few days ago, when W,
met by chance, and he told the stor,
Of why he had built his line home il
| Virginia, his house being in sight from
the SCuthcrn Hallway train, on which
VIZ were travelling.
"About seven or eight years ago
said Mr.. Newman, 81 was successful
in some big spcculations in New York,
and then turned my attention to Il
North Carolina mining proposition.
organized the Union Copper co., with
II capital stock of &3,OO0,0OO. The
most thorough examination was in
vilcd, and experts confirmed all that
my brother had claimed, and even
more. I'm the great boom of copper
stocks about that time the stock Of the
Union Company, with Il par value OF
so, sold as high as $40, but as il
would take two years at least to de-
volop the property before it coulC
reach dividcnd-paying basis, rcac-
ton naturally came, and then the stock
went below its intrinsic value. We
have now spent over 8 ,GO0,O 900 upot
development, with all our undcrgroun,
work completed to IL point where We
can get out 25O tons per day for TIT
next two years from the ore now block
ed out. Our machinery plant IS tn,
best money could buy, and It's caparit,
equal to any Increased output needed
!, Our smcILcr now running can handl
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