Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-25
IT'S DEATH KNELL SOUNDED.
That wntauga Valley City Scheme
Falls Through-Hristol Notes.


BRISTOL, TENN. November 24.-tSpe-
cal.)-The Cooperative Town Company
! and it's successor the Watauga Land
Company that cherished the dream OF
a great city III the Natauga Valley. with
,-.e town of Eizahethton as nucleus,
has come I o naught, after a struggling eX-
istence of ten years. The company was
organized with a number of men of ma
tional note interested eX-Secretary of the
Treasury John G. Carlisle, and Hon. Rob-
ert P. Porter, and other citizens of equal
prominence having been directors in the
concern. The obsequies took place on last
Thursday, when the property of the COM
pany was offered for sale by Receivers
Coffin and Miller. The sale was not large-
~ attended and the property sold went
at bargain. Following is a list of the
sales: Fourteen farms and parts of
farms, s122o5; sixty lots, sS545; one
office building S1,50O: one factory build
ing $500.
The end of the Town Company does
not signify the death of Elizabethton as
the town is prospecting in spite of the re-
verses to the scheme to build great city
in very brief period. Elizabethton has
a population of about 1000 enterprising
people, and has n number of the most
substantial Industries in upper East Ten
nessee.
A BOOM IDEA.
The plan to build great city at Eliza
bethton was conceived during the boom
period, when the idea of speculation ran
rampant IN this portion of the South. The
death knel to the scheme was sounded
when the boom began it's reaction The
presence of men of national prominence
in the Watauga Valley, at frequent in
tervals and extended newspaper notices
of what was contemplated were INSULT
Gent to loosen the purse-strings of in
vestors who had already realized what
it was to have their fingers in the fire.
so to speak.
WOODWORKING PLANT.
The Ordway Manufacturing Company,
formerly Of South Framington, Mass,
has just completed in the southern sub
urbs Of Bristol one Of the most unique
plants that has ever been constructed
in the South. and s75000 has been eX-
pended in its erection. It is modern
wood working plant for the manufacture
of chairs and furniture stock from hard
woods by special patented process. The
company will manufacture a high-class
patented chair. using instead Of rattan,
reeds from hard-woods, including oak,
hickory. and walnut Aside from the
manufacture of chairs of this grade, the
company will manufacture line of nov
elty decorative woods. The process is an
extensive and difficult one. but the work
accomplished is the wonder of hardwood
productions. The plant is operated by
electricity, the power-house being equip
ped for electrical transmission for go
volt alternating currents from WestinS-
house generators. This company's pat
ented process of twisting hard-woods is
marvellous one, and nothing like it has
ever been employed before. The wood is
twisted from the square stick by very
heavy. patened twisting machinery. Thou
sands of pounds of pressure are required
TO produce the twist, which reaches the
highest degree of perfection, the grain of
the wood running around the stick, while
the corners are perfec:. Not the Slight
est injury IS done to the material in this
process.
The officers OF the company are: A. H.
Ordway. president and general manager;
F. S. Terry. vice-president; W. F. How
land trea surer; A. R. Ordway, secretary
and superintendent